Philippine ten-peso note explained

Denomination:Ten pesos
Country:Philippines
Value:10
Width Mm:160
Height Mm:66
Security Features:Security fibers, Watermark, See-through registration device, Concealed value, Security thread
Paper Type:90% cotton
10% linen
Years Of Printing:1903–2001
Obverse:NDS obverse 10 Philippine peso bill (1997).jpg
Obverse Design:Apolinario Mabini, Andrés Bonifacio, Katipunan flag, Kartilya ng Katipunan, Malolos Constitution
Obverse Designer:Rafael Asuncion
Obverse Design Date:1997
Reverse:NDS reverse 10 Philippine peso bill (1997).jpg
Reverse Design:Barasoain Church, Blood Compact of Katipuneros
Reverse Designer:Rafael Asuncion
Reverse Design Date:1997

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]

History

Pre-independence

Independence

English series (1951–1974)

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)

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)

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

New Design series (1985–2018)

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. The year of printing was added at the bottom of the denomination value located at the upper left corner of the obverse. 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.

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 in 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

Commemorative issues

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

Printing years

Banknote seriesYearPresident of the PhilippinesBSP Governor
English Series1951–1953Miguel Cuaderno Sr.
1953–1957
1957–1960
1961Andres V. Castillo
1961–1965
1970Gregorio S. Licaros
Pilipino Series1969–1970Alfonso Calalang
1970–1973Gregorio S. Licaros
Ang Bagong Lipunan Series1973–1981
1981–1984Jaime C. Laya
1984–1985Jose B. Fernandez Jr.
New Design Series1985–1986
1986–1990
1990–1992Jose L. Cuisia Jr.
1992–1993
1993–1998Gabriel C. Singson
1998–1999
1999–2001Rafael B. Buenaventura
2001

References

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

See also

Philippine ten-peso coin