Wikipedia

Philippine ten-peso note

The Philippine ten-peso note (Filipino: Sampung Piso) (₱10) was a denomination of Philippine currency. In its latest incarnation, Apolinario Mabini and Andrés Bonifacio are featured on the front side of the notes, while the Barasoain Church and a Blood Compact scene of the Katipuneros are featured on the reverse side.[1] This banknote was circulated until the demonetization of main banknotes under the New Design Series on January 3, 2018. Its printing was stopped in 2001 and was replaced by coins.[2]

Ten pesos
(Philippines)
Value10 pesos
Width160 mm
Height66 mm
Security featuresSecurity fibers, Watermark, See-through registration device, Concealed value, Security thread
Material used90% cotton
10% linen
Years of printing1903–2001
Obverse
DesignApolinario Mabini, Andrés Bonifacio, Katipunan flag, Kartilya ng Katipunan, Malolos Constitution
DesignerRafael Asuncion
Design date1997
Reverse
DesignBarasoain Church, Blood Compact of Katipuneros
DesignerRafael Asuncion
Design date1997

History

edit

Pre-independence

edit
Series of 1852 Series of 1877 Series of 1896
Obverse and Reverse
 
 
 
 
  • 1903: Philippine Islands issued silver certificates. Features the portrait of George Washington.[3]
  • 1908: Banco Español Filipino issued notes.[4]
  • 1918: Philippine Treasury Certificates issued with a portrait of George Washington.
  • 1920: BPI issued notes.[5]
  • 1936: PNB issued notes.[6]
  • 1937: Philippine Commonwealth issued treasury certificate. Features the portrait of George Washington. This series were later overprinted with the word "VICTORY" on the reverse after the liberation of the Philippines under Japanese rule in 1944.[7]
  • 1942: Japanese government issued series.[8] Features a farmer in a forest on the right of the obverse, with the text "TEN PESOS" on the center. Another version, this time featuring the Rizal Monument on the right of the obverse, was released in 1944. The banknotes ceased to be legal tender after the liberation.
  • 1949: Victory Series whoever in here released in 1949 in back "VICTORY, CENTRAL BANK OF THE PHILIPPINES" at back

Version history

edit
Philippines
(1936-1941) 		Victory Series No. 66
(1944) 		Victory-CBP Banknote Series
(1949)
Obverse
 
 
Reverse
 

Independence

edit

English series (1951–1974)

edit

Features the portraits of Mariano Gomez, Jose Burgos, and Jacinto Zamora, collectively known as Gomburza, three Filipino priests who were executed on February 17, 1872, at Bagumbayan in Manila, Philippines by Spanish colonial authorities on charges of subversion arising from the 1872 Cavite mutiny. The reverse features the Urdaneta and Legaspi Monument.[9]

Pilipino series (1969–1974)

edit

In 1967, Apolinario Mabini replaced the portraits of Gomburza. The note is now predominantly brown in color. On the reverse, it features the Barasoain Church, where the drafting of the Malolos Constitution and the inauguration of the First Philippine republic took place. The design of the obverse was later revised, the font for the text Republika ng Pilipinas and Sampung Piso were changed, the color of the portrait of Mabini was changed to a lighter shade of brown and geometric lines were added on the sides and the watermark area of the bill.[10]

Ang Bagong Lipunan series (1973–1996)

edit

In 1973, the "Ang Bagong Lipunan" text was added and was overprinted on the watermark area.[11]

New Design series (1985–2018)

edit

In 1985, the bill was completely redesigned but the portrait of Mabini remained the same. New elements regarding Mabini's career were shown on the right side, namely, his “El Verdadero Decalogo" ("The True Dialogue") which served as the introduction to the Malolos Constitution as a quill and an inkwell.[12] The banknote was designed by Rafael Asuncion.

After the creation of the "Bangko Sentral ng Pilipinas" in 1993, its new logo was incorporated on all the New Design series bills.[13]

In 1997, the portrait of Andres Bonifacio was added beside Mabini, and elements from the Katipunan movement were added on the right side of the bill; one of the Katipunan flags and the Kartilya ng Katipunan. The design of the reverse was also changed. The scene from the Blood Compact of Katipuneros, previously featured in the Pilipino and Ang Bagong Lipunan series ₱5 bill was added on the right side of the Barasoain Church.[1] The year of printing was added at the bottom of the denomination value located at the upper left corner of the obverse.[13] However, the watermark area still only features Apolinario Mabini and the embedded security thread was on the right side of the signature of BSP governor until 1998 thus the notes with Andres Bonifacio from 1997 to 1998 uses the paper that would supposedly print the original 1985 version of the banknote with only Apolinario Mabini.

In 1998, Andres Bonifacio was added on the watermark area of the banknote and the embedded security thread was aligned beside the portrait.

In 1999, the names of the signatories on the bills were added starting with banknotes featuring the signature of President Joseph Estrada.[12]

In 2001, the printing of this banknote was stopped after the Bangko Sentral ng Pilipinas released the new ₱10 coin denomination in 2000, with the notes using the letters "FM" and with the signatures of President Gloria Macapagal-Arroyo and BSP Governor Rafael B. Buenaventura being the last prefix used and batch of banknotes printed during its production (with the last batch comes in a folder).[14][15]

However, existing banknotes, along with 5 peso banknotes, continued to be seen commonly in circulation from 2001 to 2004, and from 2004 until the demonetization of main banknotes under the New Design Series on January 3, 2018, it still had a liability of the BSP (with January 2018 submission of old banknotes are only for those who secure a receipt showing that they went to the central bank before the December 29, 2017 final deadline of submission due to not being able to accommodate several individuals who tried to exchange their notes because of the unexpected number of people who arrived) although now rarely circulated.[16]

Version history

edit
English Series
(1951–1971) 		Pilipino Series
(1969–1974) 		Ang Bagong Lipunan Series
(1973–1996) 		New Design/BSP Series
(1985–2018)
Obverse
 
 
 
 

 
Reverse
 

Commemorative issues

edit

Throughout its existence, the ten peso bill was often overprinted to commemorate certain events, namely:

  • Inauguration of President Ferdinand Marcos: The Bangko Sentral ng Pilipinas released the commemorative banknote in 1981 and features the portrait of President Ferdinand Marcos. Around it are the words "PANGULO NG PILIPINAS - FERDINAND E. MARCOS" with the date "HUNYO 30, 1981" is displayed below. There are two versions of the overprint, one with the wide collar and another with the narrow collar.[17]

Printing years

edit
Banknote series Year President of the Philippines BSP Governor
English Series 1951–1953 Elpidio Quirino Miguel Cuaderno Sr.
1953–1957 Ramon Magsaysay
1957–1960 Carlos P. Garcia
1961 Andres V. Castillo
1961–1965 Diosdado P. Macapagal
1970 Ferdinand E. Marcos Gregorio S. Licaros
Pilipino Series 1969–1970 Alfonso Calalang
1970–1973 Gregorio S. Licaros
Ang Bagong Lipunan Series 1973–1981
1981–1984 Jaime C. Laya
1984–1985 Jose B. Fernandez Jr.
New Design Series 1985–1986
1986–1990 Corazon C. Aquino
1990–1992 Jose L. Cuisia Jr.
1992–1993 Fidel V. Ramos
1993–1998 Gabriel C. Singson
1998–1999 Joseph Estrada
1999–2001 Rafael B. Buenaventura
2001 Gloria Macapagal Arroyo

References

edit
  1. ^ a b Bernardo, Jesusa (January 1, 2010). "The Devaluation of a Hero & Promotion of a Counter-Hero: Where's Andres Bonifacio in the 5 Peso Coin? Make it P2.00. [Bonifacio series III]". SOBRIETY FOR THE PHILIPPINES. Retrieved November 12, 2018.
  2. ^ "Philippine paper money or banknotes of the Philippines". Papercoinage. Retrieved November 12, 2018.
  3. ^ "Antique Money – Value of 1903 Philippine Islands Ten Silver Pesos Certificate". www.antiquemoney.com. Retrieved November 12, 2018.
  4. ^ "Antique Money – Value of 1908 Diez Pesos El Banco Espanol Filipino Diez Pesos". www.antiquemoney.com. Retrieved November 12, 2018.
  5. ^ "BPI museum traces history of banking in Philippines - MyCebu.ph: Cebu News & Features". mycebu.ph. Retrieved November 12, 2018.
  6. ^ "History - Philippine National Bank". www.pnb.com.ph. Retrieved November 12, 2018.
  7. ^ "'Victory' notes - WWII Philippine Currency". www.guerrilla-money.com. Retrieved November 12, 2018.
  8. ^ "WW II Allied Propaganda Banknotes". www.psywarrior.com. Retrieved November 12, 2018.
  9. ^ "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - English Series". www.bsp.gov.ph. Retrieved November 12, 2018.
  10. ^ "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Pilipino Series". www.bsp.gov.ph. Retrieved November 12, 2018.
  11. ^ "Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Banknotes - Ang Bagong Lipunan Series". www.bsp.gov.ph. Retrieved November 12, 2018.
  12. ^ a b "Bangko Sentral ng Pilipinas - BSP Notes and Coins - Currency in Circulation - New Design Series". www.bsp.gov.ph. Retrieved November 12, 2018.
  13. ^ a b "New Design Series". Pinoy Numismatist Network. May 26, 2012. Retrieved November 12, 2018.
  14. ^ "Bangko Sentral ng Pilipinas - BSP Notes and Coins - Coins in Circulation". www.bsp.gov.ph. Retrieved November 12, 2018.
  15. ^ "Bangko Sentral ng Pilipinas - BSP Notes and Coins - Currency in Circulation - New Generation Currency". www.bsp.gov.ph. Retrieved November 12, 2018.
  16. ^ "BSP to accommodate select individuals to exchange old peso bills on January 3". GMA News. December 28, 2017. Retrieved December 7, 2023.
  17. ^ "Philippine Banknotes: 1981 10 Piso Ferdinand Marcos Overprint". Barya at Perang Papel. January 7, 2015. Retrieved November 12, 2018.

See also

edit

Philippine ten-peso coin

Retrieved from "https://en.wiki.x.io/w/index.php?title=Philippine_ten-peso_note&oldid=1250888013"