10 pesos 1942

Common. This is a regular issue emergency currency certificate from a provincial board during wartime, with eBay market prices ranging from $1.99 to $9.99 USD depending on condition, indicating robust supply in the collector market. The Bohol Emergency Currency Board issue was not recalled or short-lived in a way that would create scarcity—these certificates circulated widely and many survived. The VF grade example falls within normal market expectations for this note type.

Issued during the Japanese occupation of the Philippines in World War II, this emergency currency certificate represents the local monetary response to severe disruptions in regular currency supply. The Bohol Emergency Currency Board's issuance from Tagbilaran reflects decentralized wartime financial management, with the certificate's promise of redemption 'upon termination of emergency' reflecting the Commonwealth government's commitment to honor these obligations after the war ended. The note's composition and authorization by the President of the Philippines demonstrates the continuation of Philippine governmental authority despite occupation.

The note features a formal administrative design typical of wartime emergency currency certificates. Both sides display ornate geometric border patterns in tan/beige, brown, and dark gray/black inks, serving as decorative framing and anti-counterfeiting elements. The front contains the Commonwealth of the Philippines seal—a circular eagle and shield emblem—positioned on the right side as the primary security symbol. The central area contains formal government redemption text arranged in multiple lines, with three signature lines at the bottom for provincial officials (Treasurer, Auditor, and Fiscal). The reverse side emphasizes the denomination with a large '10' display accompanied by decorative flourishes, along with issuer identification and location details (Tagbilaran, Bohol). The design reflects the emergency nature of the issue while maintaining official governmental appearance.

FRONT: 'TREASURY EMERGENCY CURRENCY CERTIFICATE' — official designation of document type. 'BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES' — legal authorization. 'THIS CERTIFIES THAT THE GOVERNMENT OF THE PHILIPPINES WILL REDEEM THIS CERTIFICATE OF 1942 AT FACE VALUE UPON TERMINATION OF EMERGENCY' — redemption promise. 'TEN PESOS' — denomination (appears twice). 'PAYABLE TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES BOHOL EMERGENCY CURRENCY BOARD' — issuing authority and bearer clause. 'ACTING PROV. TREAS. MEMBER' / 'PROV. AUDITOR CHAIRMAN' / 'PROV. FISCAL MEMBER' — signatory titles for provincial officials. Serial number: 150819. BACK: 'TEN PESOS' (appears twice). 'ISSUED BY THE BOHOL EMERGENCY CURRENCY BOARD' — issuing authority. 'TAGBILARAN, BOHOL' — place of issue. 'PHILIPPINES' — country designation.

Letterpress printing with black and brown ink on banknote stock. The ornate borders, decorative elements, and text were likely produced by a security printer or Philippine government printing facility capable of producing official currency documents. The design shows characteristics typical of 1940s Philippine security printing, with emphasis on intricate borders and official seals to prevent counterfeiting.

Pick P-S137f indicates this is a specifically cataloged variety of the Bohol Emergency Currency Board 10 pesos issue. The serial number 150819 is visible on the front. The note is identified as issued from Tagbilaran, Bohol, with signatures from the provincial administrative board. Varieties of this emergency currency typically differ by signature combinations, serial number ranges, and minor printing variations. The specific 'f' designation in the Pick number suggests this represents a known variety within the emergency currency certificate classifications for Bohol.