The ‘Victory’ note series was printed in 1944, to be used upon the return of MacArthur. When he came ashore in Leyte on Oct. 20th, 1944, he was supposedly carrying some of these in his pocket, and many crates full of these notes were brought with them during this landing.
According to a BEP report the number 66 (for the series) was chosen because that was President Quezon’s age when he died just prior to the liberation of the Philippines.
VICTORY notes were printed at the U.S. BUREAU of Engraving and Printing- the last Philippine currency printed by the US. Replacement notes are indicated by a star prefix to the serial number. There are also signature combinations which are harder to find. The signature combinations are as follows:
- S. Osmena and J Hernandez (w/ title of Auditor General) [most common except for 500P]
- S. Osmena and M. Guevara (w/ title of Treasurer) [100 & 500 only – rare]
- M. Roxas and M. Guevara (not found on 1, 5 or 10 – rarest on others]
| Denomination & Description | Signature | Delivered |
| 1 peso, Mabini | S. Osmena, J.Hernandez | 61,192,000 |
| 2 pesos, Rizal | S. Osmena,J.Hernandez | 16,231,272 |
| 5 pesos, McKinley & Dewey | S. Osmena, J.Hernandez | 17,355,000 |
| 10 pesos, Washington | S. Osmena, J.Hernandez | 16,825,600 |
| 20 pesos, Mt Mayon | S. Osmena, J.Hernandez | 12,439,635 |
| 20 pesos, Mt Mayon | Manuel Roxas, M.Guevara | 1,063,765 |
| 50 pesos, Gen Lawton | S. Osmena, J.Hernandez | 1,884,686 |
| 50 pesos, Gen Lawton | Manuel Roxas, M.Guevara | 456,414 |
| 100 pesos, Magellan | S. Osmena, J.Hernandez | 487,335 |
| 100 pesos, Magellan | S. Osmena, M. Guevara | 363,266 |
| 100 pesos, Magellan | Manuel Roxas, M.Guevara | 404,799 |
| 500 pesos, Legaspi | S. Osmena, J.Hernandez | 12,991 |
| 500 pesos, Legaspi | S. Osmena, M. Guevara | 130,725 |
| 500 pesos, Legaspi | Manuel Roxas, M.Guevara | 163,284 |
These currency notes were for use only in the Philippines, and were obligations of the Philippine Treasury. The 500 Peso Philippine Victory Notes were demonetized by the Philippine government on December 31, 1957, and were withdrawn from circulation. At that point, other denominations of the Philippine Victory Notes, Victory Series 66, were no longer regarded as legal tender but could be exchanged or replaced at par, without charge, for legal currency until July 30, 1967. After that date, Series 66 was considered demonetized.
Please note: This issue, even though similar to the ‘Overprint‘ series, is viewed as a different issue.
Signature samples:
