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2 Pesos Silver certificate, With text after 'demand'
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1906 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | SILVER CERTIFICATE BY AUTHORITY OF AN ACT OF THE CONGRESS OF THE UNITED STATES OF AMERICA APPROVED JUNE 23, 1906 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS TWO SILVER PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN GOLD COIN OF THE UNITED STATES OF EQUIVALENT VALUE TWO SILVER PESOS TWO SILVER PESOS |
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| Variants | P#32a - signatures: Smith & Branagan P#32b - signatures: Forbes & Barrett P#32c - signatures: Forbes & Manning P#32d - signatures: Burton Harrison & Manning P#32e - signatures: Burton Harrison & Manning error: without blue underprint P#32f - signatures: Burton Harrison & Fitzsimmons |
| Comments |
Philippine silver certificates were authorized under the 1903 Currency Act, which established the peso at exactly half a U.S. dollar and backed paper issues with silver pesos held in Manila. The "with text after 'demand'" designation separates this type from the earlier P#31 — the added text clarifies the redemption terms, a revision prompted by public confusion over the original wording during the note's first years of circulation.
The Burton Harrison & Manning variety without blue underprint is the standout collecting target in this series — the missing underprint is a genuine production error, not a fading issue, and it surfaces rarely enough to command significant premium over the standard signed examples.