

This 1949 Central Bank of the Philippines 100 pesos note (P-139) features a striking portrait of Tan Dang Sora on the obverse and regimental flags on the reverse, printed by Thomas de la Rue in London. The note exhibits visible signs of circulation with creases, foxing, and light staining throughout, though the detailed engraving work and color palette remain discernible. Despite its circulated appearance, this early Central Bank issue represents an important piece of Philippine numismatic history from the post-independence period.
Common. This is a regular issue from the Central Bank of the Philippines with no documented short print run or recall status. eBay market data shows consistent sales predominantly in the $10-$70 range, with most UNC examples selling for $11.99-$63, indicating steady collector demand at modest price levels typical of common twentieth-century banknotes. The note remains readily available in the secondary market.
Issued in 1949, this note commemorates the establishment of the Central Bank of the Philippines and features Tan Dang Sora, a significant figure in Philippine history. The regimental flags depicted on the reverse symbolize Philippine military heritage and national identity during the early years of the independent republic. The ornate design and English-language inscriptions reflect the formal, Western-influenced aesthetic characteristic of post-war Philippine currency.
The obverse features a left-facing profile portrait of Tan Dang Sora, positioned on the left side of the note, with the Central Bank of the Philippines seal (Type 1, dated 1949) positioned prominently at the lower right. The design employs black ink on a cream/off-white and gold underprint with ornate decorative medallions in the corners and extensive filigree scrollwork throughout. The denomination 'ONE HUNDRED PESOS' appears in large text in the center. The reverse displays a yellow/gold color scheme with a central composition showing multiple human figures standing in silhouette beneath regimental flags bearing various national emblems including sun motifs and stars. Ornamental corner elements frame the composition with additional decorative scrollwork and repeated 'PESOS' denominations.
Front Side: 'CENTRAL BANK OF THE PHILIPPINES' / 'ONE HUNDRED PESOS' / 'TAN DANG SORA' / 'President of the Philippines' / 'Governor of the Central Bank' / 'THIS NOTE IS A LIABILITY OF THE CENTRAL BANK AND IS FULLY GUARANTEED BY THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES' / 'THIS NOTE IS LEGAL TENDER IN THE PHILIPPINES FOR ALL DEBTS PUBLIC AND PRIVATE' / 'Thomas De Loreto & Co Ltd' [printer attribution] / Serial Number: 'A 075617'. Back Side: 'ONE HUNDRED PESOS' (repeated in corners) / 'PESOS' / 'THE REGIMENTAL FLAGS AND THE VITEAND' [note: final word appears corrupted in visual analysis, likely 'VITAE' or similar Latin phrase].
This note was produced using traditional intaglio engraving by Thomas de la Rue (TDLR), the renowned British security printer. The complex ornamental patterns, fine line work visible throughout the design, intricate geometric borders, and the depth of detail in both the portrait and flag imagery are characteristic of high-quality intaglio printing. The color separation and multi-color printing technique (black and gold on obverse; yellow/gold on reverse) demonstrates the sophisticated printing capabilities of this era's security printers.
Pick number P-139s with Thomas de la Rue printer attribution. Serial number prefix 'A' observed (A 075617). The note represents the standard variety for this Pick number with no documented overprints or significant variants in the PMG population data, which records one catalogued variant for this base Pick number.