10 pesos 1944

Common. The eBay market data shows consistent sales in the $12-$81 range over more than a decade, with VF specimens regularly trading in the $30-$80 range and no strong appreciation trend visible. Current catalog values (2016) list this note at $40 in VF condition and $225 in UNC, indicating moderate collector interest but substantial availability. The 1944 Victory Series was produced in reasonably large quantities to support post-liberation circulation in the Philippines. An AU example represents a desirable grade but does not command premium pricing that would indicate scarcity.

Issued during World War II under the Commonwealth of the Philippines government-in-exile, this 1944 Victory Series note represents the currency used in the post-liberation period following the Japanese occupation. The inclusion of President Washington's portrait reflects the close political and military alliance between the United States and the Philippines during this period, while the 'VICTORY' overprint explicitly commemorates the Allied victory in the Pacific theater. The note's authority derives from a Philippine Legislature act approved by the U.S. President in 1922, demonstrating the colonial constitutional framework governing Philippine currency at this time.

The obverse displays an engraved portrait of President George Washington positioned at the left side in three-quarter profile facing right, wearing period formal attire with collar detail. The center features a formal treasury certificate layout with legally binding text regarding silver deposits and redemption terms. The right side incorporates the blue Commonwealth seal of the Philippines (featuring an eagle and shield) and decorative circular ornamental elements repeated with 'PESOS' denomination markers. Corner elements display cross and floral motif decorations typical of high-security engraved currency. The reverse reverses the color scheme to brown tones and presents a symmetrical ornamental design with large Roman numerals 'X' and Arabic '10' housed in decorative cartouches at each corner, with ornamental wreaths and scroll work filling the field. The bold black 'VICTORY' overprint dominates the center, rendered in large sans-serif capitals that overlay the existing design.

FRONT: 'TREASURY CERTIFICATE' / 'BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922' / 'VICTORY SERIES NO. 66' / 'THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINES TEN PESOS' / 'PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE' / 'COMMONWEALTH OF THE PHILIPPINES' / Official signature lines for President and Auditor General / Serial number F16288731. BACK: 'TEN PESOS' (appears twice in ornamental cartouches) / 'VICTORY' (large overprint across center).

Engraved intaglio printing (also known as steel-plate engraving), with the distinctive fine line cross-hatching, intricate detail work, and the fine line background patterns consistent with Bureau of Engraving and Printing (USBEP) production. The overprinted 'VICTORY' text was applied separately in black, likely using letterpress or relief printing. The dual-color printing on the obverse (black and dark blue) indicates multiple passes through the press.

This note is identified as Pick P-97, Victory Series No. 66 (1944). The PMG population report identifies one primary variant designated as P-97* 'VICTORY SERIES.' Key identifiers include: Series designation 'VICTORY SERIES NO. 66' appearing twice on the obverse in place of a dated series; blue Commonwealth seal; black 'VICTORY' overprint on reverse; USBEP production without mint imprint; serial number F16288731 printed in two locations (upper right and lower left of obverse). No date appears on the note itself—the year 1944 is cataloging attribution based on issuance. No signature varieties are noted in available references for this Pick number.