1 Peso Philippine National Bank Circulating Note

1918 1 Peso Pekson-Concepcion Philippine National Bank Circulating Note

1921 1 Peso Mercado-Unson Philippine National Bank Circulating Note

**Series of 1918**
NP ID	Signature	Total Printed	Serial Numbers
B16.1^[1]	Pekson - Concepcion	4,000,000	A1A- A4000000A

**Series of 1921**
NP ID	Signature	Total Printed	Serial Numbers
B16.2^[2]	Mercado - Unson	2,000,000	B1B- B2000000B

**Series of 1924**
NP ID	Signature	Total Printed	Serial Numbers
B16.3^[3][4]	Mercado - Corpus	5,230,000	D1D- D5230000D

Note

[1] - Shipment, July 27, 1918 and November 14, 1918
[2] - Shipment, June 25, 1921 and November 25, 1921
[3] - Shipment, February 3, 1925 and September 23, 1925
[4] - "Cashier" in smaller font size than "President"

**Specification**
NP ID	B16
Series	Philippine National Bank
Type	Circulating Legal Tender
Denomination	1 Peso
Year	B16.1 - 1918 B16.2 - 1921 B16.3 - 1921
Signatures	B16.1 - Pekson - Concepcion B16.2 - Mercado - Unson B16.3 - Mercado - Corpus
Seal	B16.1 - Blue Seal B16.2 - Red Seal B16.3 - 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 - Green
Process	Printing
Ink	Pigment
Introduction	1918
Demonetized	June 1, 1949
Total Notes	11,230,000
Total Value	₱ 11,230,000
Issuing Authority	Philippine National Bank
Kind	Banknote
Currently Used

Obverse

Portrait of Charles Arthur Conant, Red/Blue Seal of the Philippine National Bank, "Philippine National Bank Circulating Note" The Philippine National Bank will pay the bearer on demand one Peso in lawful currency of the Philippine Islands" "Series of 1918/1921/1924" "Issued under the provisions of Act 2612 of the Philippine Legislature as amended by Act 2747" "Manila P.I May 2, 1916". Issue authorized March 24, 1937, under the provisions of Act Numbered 2612 of the Philippine Legislature, as Amended.

Reverse

"One Peso" "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 1918 series were printed in uncut sheet of 5, 1921/1924 series were printed in uncut sheet of 10. All were demonetized after May 31, 1949 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

**Signature**
Name	Title
Dalmacio Pekson	Cashier
Venancio Concepcion	President
Santiago Mercado	Cashier
Miguel Unson	President
Santiago Mercado	Cashier
Rafael Corpus	President

Series of 1918

Series of 1921

Series of 1924

Note

Specification

Obverse

Reverse

Remarks

Signature