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50 Piso Without border
| Issuer | Bangko Sentral ng Pilipinas |
|---|---|
| Year | 1972 |
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| Currency | Piso (1967-date) |
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| Obverse description | Intaglio-printed portrait vignette of Sergio Osmeña in three-quarter facing view at left, set against an intricate guilloche underprint in red tones across the entire field. A circular watermark window appears at centre right, with two manuscript signatures below — those of the Governor and the Treasurer of the Bangko Sentral — flanked by their respective titles. The denomination "LIMAMPUNG PISO" is lettered in bold across the lower centre, with the serial number printed in black at upper right and lower left. |
|---|---|
| Obverse lettering | REPUBLIKA NG PILIPINAS ANG SALAPING PAPEL NA ITO AY ISANG BAYARIN NG BANGKO SENTRAL AT LUBOS NA PINANANAGUTAN NG PAMAHALAAN NG REPUBLIKA NG PILIPINAS SERGIO OSMENA LIMAMPUNG PISO ANG PAPEL NA ITO AY SALAPING UMIIRAL AT PAMBAYAD SA LAHAT NG URI NG PAGKAKAUTANG (Translation: Republic 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 Fifty pesos This note is legal tender in the Philippines and payment to all kind of debt) |
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| Comments |
The "without border" designation distinguishes this from the later bordered version of the same series — a printing variation rather than a separate issue, the two types circulating simultaneously long enough to generate genuine collector interest. Thomas De La Rue handled the entire Ang Bagong Lipunan series for the Bangko Sentral, a contract relationship that predated Marcos's 1972 declaration of martial law and continued well into the New Society period.
Watermark-only security on a note of this denomination reflects the transitional thinking of the early 1970s, before the BSP moved toward more layered anti-counterfeiting measures in subsequent series.