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500 Yuan Central Bank, with holographic strip

Issuer Central Bank of the Republic of China (Taiwan)
Year 2004
Type Standard circulation banknote
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Obverse description Central vignette shows a group of jubilant youth baseball players in full uniform, tossing their caps into the air in celebration, rendered in intaglio against a pale guilloche underprint. The denomination numeral '500' appears in large format at upper left and lower left, with the Chinese characters 伍佰圓 at lower right. The issuer inscription 中華民國 / 中央銀行 is printed at upper centre in bold Chinese characters, flanked by red seal devices, while a vertical holographic security strip runs along the right margin.
Obverse lettering 中華民國 中央銀行 伍佰圓 中央印製廠
(Translation: Republic of China Central Bank of the Republic of China 500 Yuan Central Printing Factory)
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Comments

The holographic strip on this 2004 issue marked a significant upgrade to the NT$500 series, introduced partly in response to counterfeiting pressure that had plagued earlier polymer and cotton iterations of high-denomination Taiwanese notes through the 1990s. The Central Engraving and Printing Plant — one of the few Asian central bank printers to have maintained continuous intaglio production capability since relocating from the mainland in 1949 — handled the integration domestically rather than subcontracting the security feature application abroad, which was not universally the case for comparable regional issuers at the time.

Pick #1996 distinguishes this holographic variant from the otherwise visually near-identical earlier printings, a distinction that trips up many collectors working from incomplete references.

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