NumismaticsPhilippines




5 Pesos Philippine National Bank Circulating Note

1916 5 Pesos Mercado-Concepcion Legally Issued A Philippine National Bank Circulating Note 1916 5 Pesos Mercado-Concepcion Illegally Issued B Philippine National Bank Circulating Note 1916 5 Pesos Mercado-Concepcion Illegally Issued c Philippine National Bank Circulating Note 1916 5 Pesos Mercado-Concepcion Replacement Note Philippine National Bank Circulating Note 1921 5 Pesos Mercado-Unson Legally Issued B Philippine National Bank Circulating Note 1921 5 Pesos Mercado Unson Illegally Issued A Philippine National Bank Circulating Note 1921 5 Pesos Mercado Unson Illegally Issued B Philippine National Bank Circulating Note 1921 5 Pesos Mercado Unson Illegally Issued C Philippine National Bank Circulating Note 1921 5 Pesos Mercado Unson Replacement Philippine National Bank Circulating Note 1937 5 Pesos Paterno-Yulo-illegal Issued Philippine National Bank Circulating Note

Series of

NP ID Signature Total Printed Serial Numbers
B14.1[1] Ferguson - Willis 575,000 A1A-
A575000A
B14.2A[2][3][4] Mercado - Concepcion 1,160,000 A575001A-
A1735000A
B14.3A[2][4][5] Mercado - Concepcion 40,000 A1735001A-
A1775000A
B14.2B[2][3][6] Mercado - Concepcion 80,000 A1775001A-
A1855000
B14.3B[2][5][6] Mercado - Concepcion 80,000 A1855001A-
A1935000A
B14.2C[2][3][7] Mercado - Concepcion 240,000 A1935001A-
A2175000A
B14.3C[2][5][7] Mercado - Concepcion 40,000 A2175001A-
A2215000A
B14.2D[2][3][8] Mercado - Concepcion including above

Series of

NP ID Signature Total Printed Serial Numbers
B14.4A[3][4][9] Mercado - Unson 164,000 B1B-
B164000B
B14.5A[4][5][9] Mercado - Unson 196,000 B164001B-
B360000B
B14.4B[3][6][9] Mercado - Unson 40,000 B360001B-
B400000B
B14.5B[5][6][9] Mercado - Unson 40,000 B400001B-
B440000B
B14.4C[3][7][9] Mercado - Unson 80,000 B440001B-
B520000B
B14.5C[5][7][9] Mercado - Unson 480,000 B520001B-
B1000000B
B14.4D[3][8][9] Mercado - Unson including above

Series of

NP ID Signature Total Printed Serial Numbers
B14.6[3][10][11][12] Paterno - Yulo 4,000 E1E-
E4000E
B14.7[5][10][11][12] Paterno - Yulo 204,000 E4001E-
E208000E

Note

[1] - Shipment, and
[2] - Shipment, and
[3] - Legally Issued, see Remarks 2
[4] - Block Serial Number 1
[5] - Illegally Issued By The Japanese Military Authorities. see Remarks 2
[6] - Block Serial Number 2
[7] - Block Serial Number 3
[8] - Replacement Note, prefix star
[9] - Shipment, and
[10] - Shipment,
[11] - United States Bureau of Engraving and Printing appears on the reverse.
[12] - Philippines instead of Philippine Islands written

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Mercado - Concepcion Legally Issued Block Serial Number 1

1916 5 Pesos Mercado-Concepcion Legally Issued A Philippine National Bank Circulating Note

Total Printed: 1,160,000

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Mercado - Concepcion Illegally Issued Note Block 2

1916 5 Pesos Mercado-Concepcion Illegally Issued B Philippine National Bank Circulating Note

Total Printed: 80,000

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Mercado - Concepcion Illegally Issued Note Block 3

1916 5 Pesos Mercado-Concepcion Illegally Issued c Philippine National Bank Circulating Note

Total Printed: 40,000

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Mercado - Concepcion Replacement Note

1916 5 Pesos Mercado-Concepcion Replacement Note Philippine National Bank Circulating Note

Total Printed:

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Mercado - Unson Illegally Issued Block 1

1921 5 Pesos Mercado Unson Illegally Issued A Philippine National Bank Circulating Note

Total Printed: 196,000

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Mercado - Unson Legally Issued Block 2

1921 5 Pesos Mercado-Unson Legally Issued B Philippine National Bank Circulating Note

Total Printed: 40,000

Close (X)

Mercado - Unson Illegally Issued Block 2

1921 5 Pesos Mercado Unson Illegally Issued B Philippine National Bank Circulating Note

Total Printed: 40,000

Close (X)

Mercado - Unson Illegally Issued Block 3

1921 5 Pesos Mercado Unson Illegally Issued C Philippine National Bank Circulating Note

Total Printed: 480,000

Close (X)

Mercado - Unson Replacement Note

1921 5 Pesos Mercado Unson Replacement Philippine National Bank Circulating Note

Total Printed:

Close (X)

Paterno - Yulo Illegally Issued

1937 5 Pesos Paterno-Yulo-illegal Issued Philippine National Bank Circulating Note

Total Printed: 204,000

Specification
NP ID B14
Series Philippine National Bank
Type Circulating Legal Tender
Denomination 5 Pesos
Year B14.1 -
B14.2 -
B14.3 -
B14.4 -
B14.5 -
B14.6 -
B14.7 -
Signatures B14.1 - Ferguson - Willis
B14.2 - Mercado - Concepcion
B14.3 - Mercado - Concepcion
B14.4 - Mercado - Unson
B14.5 - Mercado - Unson
B14.6 - Paterno - Yulo
B14.7 - Paterno - Yulo
Seal B14.1 - Blue Seal
B14.2 - Blue Seal
B14.3 - Blue Seal
B14.4 - Blue Seal
B14.5 - Blue Seal
B14.6 - Red Seal
B14.7 - Red Seal
Orientation Horizontal
Flip Short Edge
Printer U.S. Bureau of Engraving and Printing
Paper 75% cotton, 25% linen
Dimension 156 mm × 66 mm
Thickness 0.11 mm
Weight approx. 1 gm
Print Obverse - Black
Reverse - Brown
Process Printing
Ink Pigment
Introduction
Demonetized
Total Notes 3,783,000
Total Value ₱ 18,915,000
Issuing Authority Philippine National Bank
Kind Banknote
Currently Used

Obverse

Portrait of William McKinley, Red/Blue Seal of the Philippine National Bank, "Philippine National Bank Circulating Note" The Philippine National Bank will pay the bearer on demand five Pesos in lawful currency of the Philippine Islands" "Series of //" "Issued under the provisions of Act 2612 of the Philippine Legislature as amended by Act 2747" "Manila P.I ". Issue authorized , under the provisions of Act Numbered 2612 of the Philippine Legislature, as Amended.

Reverse

"Five Pesos" "Philippine National Bank Circulating Note" "This note is receivable by the Philippine Government in payment of all taxes, dues or other claims due or owing to said Government and is exempt from all taxes."

Remarks

The series were printed in uncut sheet of 5 and both and series were printed in uncut sheet of 10. All were demonetized after pursuant to Republic Act No. 211, Republic Act No. 734, Republic Act No. 831, Executive Order No. 188, Executive Order No. 202 and Executive Order No. 211

Remarks 2

As per Government Record, all Philippine National Bank Circulating Note were legally issued initially. During the Japanese occupation of the Philippines, ₱ 5,400,000.00 of this note (serial number enumerated below) was captured by the Japanese Military Authorities and re-issued them. After the war, all Japanese Military re-issued Philippine National Bank (PNB) Circulating Note were declared illegal by virtue of Republic Act No. 211. Eventually the government allowed it to be redeem by virtue of Republic Act No. 734.

A1735001A - A1775000A ₱200,000.00
A1855001A - A1935000A ₱400,000.00
A2175001A - A2215000A ₱200,000.00
B164001B - B360000B ₱980,000.00
B400001B - B440000B ₱200,000.00
B520001B - B1000000B ₱2,400,000.00
E4001E - E208000E ₱1,020,000.00

At the beginning of the Japanese occupation, American Issued money is allowed for circulation, but later, Japanese authorities outlawed it, including guerilla currencies, those caught exchanging with it were taken to Fort Santiago and punished for committing a hostile act, thus this 5 Pesos Philippine National Bank (PNB) Circulating Note eventually ended up in Mindanao, being sold by Moros at a bargain of around 1 centavo to 10 centavos each.

Signature
Name Title
Samuel Ferguson Cashier
Henry Parker Willis President
Santiago Mercado Cashier
Venancio Concepcion President
Santiago Mercado Cashier
Miguel Unson President
Feliciano P. Paterno Cashier
Jose Yulo Chairman, Board of Directors