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10 Yen in Gold

Issuer Bank of Taiwan
Year 1906
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Shape Rectangular
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Obverse description Black intaglio print on yellow-orange underprint, with a central vignette of two confronting dragons flanking the denomination cartouche reading 金拾圓 (Ten Yen in Gold), surmounted by a rising sun motif at the top. A guilloche oval panel bearing the bank title 臺灣銀行 occupies the lower centre, surrounded by intricate scrollwork and floral ornaments within a multi-rule border. Serial number is printed in red, with alphanumeric prefix letters positioned at the lower margin.
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Reverse lettering TEN YEN IN GOLD. 國造遇隨憑 律或有時票 治為將換在 罪改票金臺 不作私拾灣 貸定行圓銀  按假 行 10 拾 THE BANK OF TAIWAN Promises to pay the bearer on demand TEN YEN IN GOLD. 造裝局刷印府政國帝本日大
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Comments

The Bank of Taiwan was established in 1899 primarily as an instrument of Japanese colonial finance, not merely a local depository. Its notes were legal tender in Taiwan but also circulated in southern China and parts of Southeast Asia, where Japanese commercial interests were expanding aggressively in the early twentieth century — an unusual dual-circulation mandate that shaped the denomination structure of this entire series.

The "in Gold" designation was more than nominal. The notes were theoretically redeemable in gold coin, a convertibility promise the bank maintained until the financial pressures of the 1920s made it untenable. The Printing Bureau of the Imperial Japanese Government handled production for virtually all Japanese colonial currency of this period, centralizing quality control across a sprawling monetary network.

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