The Original Seal of the Central Bank of the Philippines with the founding year 1949 below surrounded by the inscriptions "The New Society" and year of the issue below. Mintmark if any (FM) on the right from the year of the issue.

The Original Seal of the Central Bank of the Philippines was designed by Dan Zamora. The seal of the CBP shows a man in the foreground, symbolizing the Filipino Nation pushing the Wheel of Progress. The rays of the rising sun at the background, denotes the Dawn of Prosperity and revealing the country’s traditional agricultural products as the basic ingredients for industrial production and commerce.

Bust of Lapu-Lapu, head 3/4 right, name of the country above, value below.

Lapu-Lapu (fl. 1521) was a ruler of Mactan in Visayas. Modern Filipino society regards him as the first Filipino hero because he was the first native to resist Spanish colonization. He is best known for the Battle of Mactan that happened at dawn on April 27, 1521, where he and his soldiers defeated Ferdinand Magellan. The battle ended up in the killing of Magellan and the end of his expedition and it delayed the Spanish occupation of the islands by over forty years until the expedition of Miguel López de Legazpi in 1564.

Besides being a rival of Rajah Humabon of Cebu, little is known about the life of Lapu-Lapu. The only existing documents about his life are those written by Antonio Pigafetta. His name, origins, religion, and fate are still a matter of controversy. Lapu-Lapu is also known under the names Çilapulapu, Si Lapulapu, Salip Pulaka, Cali Pulaco, and Lapulapu Dimantag.