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200 Pesos

Issuer El Banco Español Filipino
Year 1904
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Value 200 Pesos
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Obverse description Yellow-tinted centre panel with the bank's circular arms vignette at upper centre, flanked by the denomination "Ps 200" in bold letterpress at left and right. The issuer's name "EL BANCO ESPAÑOL FILIPINO" is set in large display type across the upper portion, with the promise to pay "Pagará al portador DOSCIENTOS pesos" rendered in script below. Ornate dark guilloche borders frame all four sides, with corner cartouches bearing the numeral "200" and the word "DOSCIENTOS" repeated along each margin.
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Reverse description Yellow centre panel enclosed within a symmetrical guilloche design in blue and brown tones, with two large circular rosette underprints flanking a central cartouche bearing the word "DOSCIENTOS" in bold letterpress. The denomination numeral "200" appears in small circular cartouches at each corner, and a finely engraved geometric lace border runs the full perimeter of the note.
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Comments

El Banco Español Filipino — despite the name — survived the Spanish-American War and the transfer of Philippine sovereignty to the United States in 1898, continuing to operate under American colonial administration until it was reorganized as the Bank of the Philippine Islands in 1912. This 1904 note falls squarely in that transitional window, when the bank retained its old name but operated under an entirely new sovereign framework.

Barclay & Fry of London printed the series. The 200 Peso denomination was the highest in the issue and almost certainly saw limited handling — large-denomination notes from colonial Philippine banking rarely moved outside commercial and government accounts.

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