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World Paper Money > Philippines

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Philippine Islands-Silver Certificate
25a 2 Pesos 1903
Grade: Fine    

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LOW TWO DIGIT SERIAL NUMBER #33. Made by the United States Bureau of Engraving and Printing. First denomination from this issuer; seal with standing woman with hammer and anvil, the design of the silver coinage which also began in 1903. Apparently, this seal was not considered appropriate, and a new design was approved on February 18, 1905. Jose Rizal type with William H. Taft signature as Civil Governor. Couple pinholes; small rust mark at top left; moderate soiling.

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