10 yuan 1946

Common. Despite the historical significance of the 1946 Taiwan currency period, this note remains common in the numismatic market. eBay transaction data from 2012-2024 shows consistent availability across all grades, with PMG 65 examples selling in the $30-46 range historically and lower grades at $15-23. The 2016 catalog value for UNC specimens was only $18, and continuous auction activity demonstrates steady supply. Print runs for this first Bank of Taiwan issue appear to have been substantial, and examples survive in reasonable quantities.

Issued in 1946 by the Bank of Taiwan following Japan's surrender and Taiwan's return to Republic of China control, this banknote represents a transitional period in Taiwan's monetary history. The prominent imagery—Dr. Sun Yat-sen (founder of the ROC), the Bank of Taiwan building in Taipei, and the historical naval battle scene—reinforced nationalist symbolism and institutional authority during the critical early years of ROC administration on the island. The note's design reflects the post-colonial effort to establish legitimate Chinese governance and financial stability in Taiwan immediately after the end of Japanese occupation.

The obverse features a central oval portrait of Dr. Sun Yat-sen (1866-1925), founder of the Republic of China, rendered in formal military-style attire. To the left is an architectural rendering of the Bank of Taiwan's main building in Taipei, a multi-story classical structure symbolizing institutional stability. To the right is a geographical outline map of Taiwan, emphasizing the territorial scope of the issuing authority. The reverse showcases an oval landscape vignette depicting a historical naval battle scene set against mountainous terrain with water features and coniferous forests, likely representing the 1633 engagement mentioned in catalog references. Ornate floral corner designs and decorative borders with traditional patterns frame both sides, while red security seals and serial numbers enhance authenticity markers.

Front side: 台灣銀行 (Bank of Taiwan), 中華民國 (Republic of China), 拾圓 (10 Yuan), Serial number: BM586057. Back side: 10 (denomination numeral appears twice, left and right sides). All inscriptions are rendered in traditional Chinese characters with English numerals for the denomination.

The note was produced using intaglio (engraved line) printing, as evidenced by the deep, intricate line work visible throughout the borders, the fine detail in the landscape vignette, and the precise rendering of the portrait and architectural elements. The red serial number and security seals were applied via a separate printing process. The printer is identified in catalog records as CPF (likely Chinese government printing facility), with the Shafer-Mishler catalog designation T72-3. The high-quality paper stock and embossed appearance support professional security printing standards of the period.

This specimen is identified as variety S/M T72-3 per realbanknotes.com catalog designation. The serial number prefix 'BM' and the specific numbering sequence BM586057 should be noted for variety documentation. No overprints, back stamps, or signature varieties are observed in the visual analysis. The red seal configuration and serial number placement are consistent with standard 1946 printing. No printing errors, color variations, or other notable varieties are evident in this particular example.