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100 Yuan

Issuer Bank of Taiwan
Year 1949
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Currency New dollar (1949-date)
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Obverse description Portrait of Sun Yat-sen in an oval vignette at centre, set against a light underprint with ornate guilloche border in dark tones framing the entire note. The denomination 壹百圓 appears in a decorative cartouche below the portrait, flanked by red seal impressions. Serial number and bank title 台灣銀行 are printed at the top, with the Republic of China year inscription along the lower margin.
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Reverse description Vignette of the Bank of Taiwan building above a map of Taiwan island, rendered in a classical engraved style typical of mid-twentieth century Chinese banknote design.
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The Bank of Taiwan's 1949 100 Yuan belongs to the chaotic monetary moment immediately following the June 1949 introduction of the New Taiwan Dollar, when the old Taiwan Yen-era banking infrastructure was being dismantled and the island was absorbing a massive influx of Nationalist government institutions and refugee capital fleeing the mainland. The Central Engraving and Printing Factory had relocated to Taipei from Shanghai earlier that year — one of the few printing operations the Kuomintang successfully evacuated before the PRC took full control.

Pick catalogues this as P#1956, the internal reference date rather than a standard pick number, which has caused persistent confusion in dealer listings.