10 yuan 1946

Common. eBay auction history shows consistent sales activity from 2012 through 2024, with UNC examples selling in the $9–$55 range depending on grading service certification. The 2016 catalog valuation for UNC condition was $18, and recent PMG-graded examples in the 63–66 range have sold for $15–$55, indicating steady but modest collector demand. No evidence of restricted print runs, recall, or short-lived issuance exists for this denomination and year. The note is widely traded at modest prices, typical of common post-WWII Chinese regional currency issues.

Issued in 1946 (year 35 of the Republic of China, using the 1911 base year), this note reflects the early post-WWII period of the Bank of Taiwan's currency operations under the Republic of China administration. The prominent portrait of Dr. Sun Yat-sen underscores the legitimacy and nationalist symbolism of the ROC government, while the inclusion of the Taiwan map and the Bank of Taiwan building represent the institution's central role in establishing monetary authority on the island during this transitional period.

The obverse features a central oval portrait of Dr. Sun Yat-sen (founder of the Republic of China), rendered with fine detail showing his characteristic mustache and goatee in formal dress. To the left stands a classical institutional building with multiple stories and columned architecture, representing the Bank of Taiwan headquarters in Taipei. On the right, the geographical outline of Taiwan island is shown with Chinese characters identifying the territory. The entire design is framed by an ornate border with quatrefoil corner ornaments and decorative scrollwork with botanical motifs. The reverse displays a landscape scene within a central oval frame, depicting a waterfront city or port with mountains, multiple buildings, and harbor vessels, rendered in light blue and green tones with fine line engraving. Large ornamental numerals '10' frame this central vignette on both left and right sides. The color palette is predominantly black, gray, white, and red on the obverse; light blue, green, gray, and black on the reverse.

Front side: '台灣銀行' (Bank of Taiwan), '拾圓' (10 Yuan denomination), 'BM586058' (serial number). Back side: '10' (denomination numeral, appears twice in ornamental frames). Additional inscription observed: '中華民國五十二年印' translates to 'Printed in the 52nd year of the Republic of China' (though the catalog date is 1946, which would be year 35; the visual inscription showing year 52 suggests a discrepancy or possible later printing—year 52 ROC would be 1963).

Intaglio (engraved) printing with fine line engraving throughout, producing the detailed portraits, architectural renderings, and ornamental patterns. Multi-color printing was employed, utilizing black, gray, and red inks on the obverse and blue, green, and black inks on the reverse. The printer is identified as CPF (likely Chinese Printing and Finishing Company or similar). The note exhibits the characteristic sharp detail and precise registration of high-quality banknote intaglio production from the mid-20th century.

The observed serial number prefix 'BM' and the CPF printer mark (noted as S/M number T72-3 in reference sources) represent standard varieties for this issue. The visual analysis reveals the inscription '中華民國五十二年印' (year 52 ROC), which corresponds to 1963—creating a potential variety distinction from the 1946 catalog year attribution. This discrepancy warrants verification; the note may represent a later printing or reissue. Collectors should note the specific serial number range and printer mark when cataloging examples of this Pick-1937 denomination.