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20 Pesos Silver Certificate Issue
| Issuer | General Treasury of the Republic |
|---|---|
| Year | 1934-1948 |
| Type | Log in to see details |
| Value | 20 Pesos (20 CUP) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPUBLICA DE CUBA VEINTE 20 PESOS ANTONIO MACEO ESTE CERTIFICADO, CUYO VALOR EN PLATA ACUÑADA ESTÁ DEPOSITADO EN LA TESORERÍA GENERAL DE LA REPÚBLICA, SERÁ ACEPTADO SIN LIMITACIÓN DE PAGO DE LOS IMPUESTOS DEL ESTADO LA PROVINCIA Y EL MUNICIPIO CERTIFICADO DE PLATA (Translation: Republic of Cuba Twenty 20 Pesos Antonio Maceo This certificate, whose value in minted silver is deposited in the General Treasury of the Republic, will be accepted without limitation in payment of taxes of the State, the Province and the Municipality. Silver Certificate) |
| Reverse description | The Cuban coat of arms is centrally positioned as the primary vignette, printed in olive green on an intricate guilloche underprint. Denomination numerals 20 appear at all four corners, with the full silver certificate redemption text arranged in two columns flanking the arms. |
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| Comments |
The Philippine Commonwealth's silver certificate series was backed by actual silver pesos deposited with the United States Treasury in Washington — a genuine commodity reserve, not a promise. The arrangement reflected the terms of the Tydings-McDuffie Act of 1934, which set the Philippines on a ten-year path to independence while keeping its currency tethered to American monetary machinery.
The Japanese occupation effectively destroyed most of this series in circulation. Notes that survived the war years often did so in hoards or in the possession of families who buried or hid them. The BEP-printed plates were used across a long issue window, and distinguishing pre-war from post-liberation examples requires close attention to series letter and signatures.