Taiwan numismatic product expected to sell out quickly

According to an article in The China Post dated 9 September 2011, the Central Bank of China experienced strong demand for the 500,000 sets of “Collector's Version of the Republic of China Founding Centenary NT$100 Banknotes” it sold to the public for NT$500 (US$17.10). Each set contains three NT$100 banknotes.

Taiwan 100-dollar commemorative note confirmed

On 6 January 2011, the Central Bank of the Republic of China (Taiwan) issued a new 100-dollar (US$3.45) legal tender circulating commemorative in celebration of the 100th anniversary of the founding of the Republic of China. The red paper note measures 145 × 70 mm and features a portrait of Dr. Sun Yat-Sen on the front, and the Chung-Shan Building on the back.

The design is no different from the ordinary NT$100 note (P1991), except for the wording in Chinese language in the reverse of the note, which reads: “Celebrating the 100 years of founding of the Republic of China.” A numismatic product consisting of an uncut three-note sheet in a folder is also available at a premium price of NT$500.

Courtesy of Thomas Krause and Kai Hwong.

Taiwan issues NT$200 and NT$500 stimulus vouchers

On January 19, 2009, every citizen of Taiwan regardless of age received the sum of NT$3,600 in the form of vouchers denominated in NT$200 (U$5.87) and NT$500 (US$14.69).

Each voucher measures 130 x 55 millimeters and has intaglio printing, latent image at bottom left, and OVI denomination at top left. The watermark is of a mum flower repeated throughout the paper.

The back of each note contains a form that retailers are supposed to fill out and stamp when the vouchers are used in their shops. Once redeemed, the retailers can deposit the vouchers for their face value at business banks.

On the front of the vouchers is the Chinese text that translates as “Valid until Ming Guo 98 (2009) September 30" at left, "Republic of China - Economy Stimulating Shopping Vouchers" at top center, "No change shall be given for purchase of goods using this voucher and cannot be redeemed for legal tender cash" at right "National Government, Two Hundred Yuan" at bottom.

These vouchers can be used at any store that accepts them. Despite their face value; many merchants, to encourage their use, have generally allowed them to be redeemed for merchandise significantly higher than their nominal value - it is common to see "Use your $3,600 [shopping vouchers] here and take home NT$36,000 worth of goods!" (that is, 10 times their value) on many shops, especially electronics and supermarkets.

Courtesy of Jim “Rubycored” Chen.