10 cents 1949

Common. Market evidence strongly supports this assessment: eBay sales data shows this note in Fine condition selling for $13-$23.50 (2015-2018), with catalog valuations at $90 for UNC being moderate. These price points indicate steady but not scarce supply. The 1949 Bank of Taiwan 10 cents (Pick 1948) was a regular issue with substantial circulation during its era, and surviving uncirculated examples, while desirable, are not exceptionally hard to locate in the collector market.

This 1949 note represents an early emission by the Bank of Taiwan following the Republic of China's retreat to Taiwan. The inclusion of Dr. Sun Yat-sen's portrait honors the founder of the ROC, while the Bank of Taiwan building symbolizes the institution's role in establishing monetary stability during the post-war period. The explicit use of both Chinese and English inscriptions reflects Taiwan's colonial history and the international dimensions of post-1949 ROC governance.

The obverse features a centered oval portrait of Dr. Sun Yat-sen (founder of the Republic of China) in formal attire with a stern expression, surrounded by an ornate green decorative border incorporating floral and geometric patterns. Two red rectangular seals with Chinese characters flank the portrait below. The reverse displays an institutional building—the Bank of Taiwan—rendered in classical architectural style with symmetrical windows and formal design, centered within ornamental scrollwork. A distinctive silhouette map of Taiwan serves as a design element on the reverse. The dominant color scheme throughout is green with cream/off-white paper stock and accent red seals.

Front: '臺灣銀行' (Bank of Taiwan), '壹圓' (One Dollar/Yuan), '中華民國發行' (Issued by the Republic of China), '每張拾角圓' (Ten cents per note), 'AT427186' (Serial number). Back: 'BANK OF TAIWAN' (English inscription), '10 TEN CENTS' (Denomination in English), '1949' (Issue year).

Intaglio engraving (line engraving). The fine-line detail work, intricate ornamental borders, and complex architectural rendering of the Bank of Taiwan building are characteristic of traditional intaglio methods. The printer is identified as CPF (Chinese Printing Federation) according to community catalog references. The sharp definition of the portrait, scrollwork, and Taiwan silhouette confirms skilled engraving dies and professional bank note production standards.

The observed specimen features serial number prefix 'AT' with number '427186'. The Schuler/Mittelstaedt reference designates this as variety T73-3. Serial number prefixes and printing variations are known for this issue; collectors should verify specific prefix letters when cataloging. The 1949 date is consistent across the standard type; no overprint varieties are evident on this example.