

“Negros Occid.”
This is a 1942 emergency circulating note from the Commonwealth of the Philippines, issued during the Japanese occupation period. The VG-graded note displays characteristic age-related browning and foxing typical of wartime emergency currency, with clearly legible text and the portrait of Manuel L. Quezon on the obverse. The red 'City of Bacolod' stamp and 'Negros Occidental Provincial Currency Committee' inscription indicate this was a regional emergency issue, making it a historically significant example of provincial wartime currency.
Common. The eBay market data shows prices ranging from $1.99 to $9.99 USD across various conditions, with most listings under $10, indicating robust supply and consistent collector demand at modest prices. The serial number range (noted as up to approximately 120,750 on obverse) suggests a substantial print run for this denomination and issue. Philippine 1942 emergency currency is widely collected and regularly appears on the secondary market. While the specific Negros Occidental provincial variety adds regional interest, it does not command premium pricing, confirming common status.
This note was issued on January 20, 1942, in the immediate aftermath of the Japanese invasion of the Philippines during World War II. The emergency circulating notes were authorized by the President of the Philippines when normal currency supplies were disrupted by the occupation. The specific issuance by the Negros Occidental Provincial Currency Committee reflects the decentralized nature of emergency currency production during this critical period, with local authorities managing their own note printing to maintain commerce in their regions.
The obverse features a formal portrait of Manuel L. Quezon, positioned on the left side in a classical format wearing formal attire with suit and tie. The center displays the denomination and issuing authority information with ornate decorative scrollwork in all four corners and geometric border patterns typical of early 20th-century banknote design. Multiple signature lines for provincial officials appear at the bottom, with a prominent red circular stamp reading 'City of Bacolod' on the right side indicating municipal authorization. The reverse presents a symmetrical design centered on the denomination, with large Roman numeral 'X' symbols in the corners and decorative geometric borders. Both sides feature repetitive background patterns (Commonwealth text on obverse, fine line patterns on reverse) as security measures. The paper is bond stock with a cream/beige base showing natural aging patina.
FRONT: 'TEN PESOS' (denomination); 'EMERGENCY CIRCULATING NOTE OF 1942' (issue type); 'ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES ON JANUARY 20, 1942' (authorization and date); 'THE COMMONWEALTH OF THE PHILIPPINES WILL PAY TO THE BEARER ON DEMAND IN LAWFUL CURRENCY OF THE PHILIPPINES' (standard promise to pay); 'NEGROS OCCIDENTAL PROVINCIAL CURRENCY COMMITTEE' (issuing authority); 'SERIES OF 1942' (series designation); 'QUEZON' (portrait identification); signature lines identified as 'Provincial Fiscal Member', 'Provincial Treasurer Chairman', and 'Act. Prov. Auditor Member' with serial numbers '19174'. BACK: 'TEN' and 'PESOS' (denomination text); 'COMMONWEALTH OF THE PHILIPPINES' (issuer); 'X' (Roman numeral for ten); '10 PESOS' (additional denomination marking).
Letterpress and intaglio printing on bond paper, a standard technique for Philippine emergency currency of this period. The fine line work in the borders and background security patterns are consistent with steel engraving. The red overprint stamp (City of Bacolod) was applied separately, likely by rubber stamp or similar mechanical means. No specific commercial printer is definitively identified in the catalog data, though Philippine emergency notes of this series were often produced by local government printing facilities or contracted regional printers.
This example represents the Negros Occidental Provincial Currency Committee variety of the 1942 emergency issue, identified by the red 'City of Bacolod' stamp and provincial committee inscription. Serial number 19174 falls within the documented range of S/N 1-120,750. The visual analysis confirms this as a provincial-issued variant rather than a central Commonwealth note, which is consistent with P-S649a designation. Additional varieties exist from other Philippine provinces/municipalities, each with different committee names and stamps, making regional identification important for collectors.