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5 Centavos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1857-1967) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CENTRAL BANK OF THE PHILIPPINES THIS NOTE IS A LIABILITY OF THE CENTRAL BANK AND IS FULLY GUARANTEED BY THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES FIVE CENTAVOS THIS NOTE IS LEGAL TENDER IN THE PHILIPPINES FOR ALL DEBTS PUBLIC AND PRIVATE |
| Reverse description | The reverse is centred on a large numeral "5" set within an elaborate rosette of fine-line guilloche engraving, flanked by symmetrical ornamental scrollwork, with a horizontal ribbon panel bearing the denomination inscription running across the middle. The entire field carries a dense underprint of repeated "CENTRAL BANK OF THE PHILIPPINES" lettering arranged in oval cartouches, all enclosed within an intricate red geometric border. The printer's imprint appears in the lower margin. |
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| Comments |
Waterlow & Sons printed this series for the Central Bank of the Philippines under a contract arrangement that reflected postwar Manila's limited domestic printing capacity. Waterlow had long-standing ties to Asian and Pacific currency clients — including Malaya and Hong Kong — and the Filipino contract fit a familiar pattern of newly independent states outsourcing security printing to established British firms while building their own infrastructure.
P#126 is among the lower-denomination notes of the 1949–1953 series and circulated hard. Survivors in collectible condition are underestimated by the market relative to their actual scarcity.