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1 Yuan Bank of Taiwan, Tachen overprint
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
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| Value | Log in to see details |
| Currency | Yuan (1914-date) |
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| Obverse description | Central oval vignette bearing a bust portrait of Dr. Sun Yat-sen against a fine guilloche underprint in green. Two red overprint seals reading 大陳地區通用 (Limited use in Dachen district) are applied to the left and right of the central denomination cartouche, which reads 壹圓 (One Yuan). Serial number appears at top and bottom; the issuer name 台灣銀行 runs vertically along the upper portion, with the date and printer inscription along the lower margin. |
|---|---|
| Obverse lettering | 行銀灣台 限 限 大 大 陳 壹 陳 地 地 區 圓 區 通 通 用 用 印年八十三國民華中 厰刷印一第 (Translation: Bank of Taiwan One Yuan Use limited to Dachen district Printed in the 38th year of the Chinese Republic) |
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| Comments |
The Tachen overprint series exists because of a specific administrative problem: the Dachen Islands (Tachen), a Nationalist-held archipelago off the Zhejiang coast, needed a distinct currency to prevent notes from freely crossing into Communist-controlled mainland territory. The Bank of Taiwan supplied the solution by overprinting existing stock rather than commissioning a new issue.
The overprint program was short-lived. By February 1955, Operation King Kong saw the U.S. Seventh Fleet evacuate the entire civilian and military population of the Dachens — rendering these notes obsolete almost immediately. Surviving circulated examples are genuinely scarce; most remaining stock never reached the islands at all.