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June 25, 2017

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NT$100 bill brings NT$688,888 to gov't

The China Post news staff --One NT$100 bill issued by the Central Bank of Republic of China (Taiwan) has brought NT$688,888 for the national coffers at an online public auction held yesterday.

The transaction price was 275.5 times the floor price of NT$2,500.

The NT$688,888 was paid by an anonymous collector in competitive bidding carried out by the Bank of Taiwan on behalf of the CBC. The buyer purchased a note carrying the serial number "QU888888AL."

The note was included in a set of three bills. In total 74 sets, each with three NT$100 dollar bills, were sold for a total of more than NT$6.68 million.

When releasing the commemorative New Taiwan dollar notes in denominations of NT$100, NT$500, NT$200 and NT$2000 in celebration of the 100th anniversary of the founding of the Republic of China, CBC officials picked out the bills with "special numbers" for future auctions.

The special numbers included "000001", "000008", "123456", "654321" and "1688888," with all thought to be unique or auspicious.

Floor prices of NT$1,000 to NT$2,500 were set for the different sets.

The set with the serial code "JQ888888ZA" fetched the second highest price at NT$520,888.

Both the highest and second highest bills featured a large number of "8s." This highlights Taiwan's continuing love for the number. In Mandarin eight is pronounced "bah" but many interpret it as "fah," which means "thriving" or "prospering."

A bill with the serial number "QU000001AL" achieved the third highest price at NT$362,200.

CBC officials said other "special number" notes with denominations of NT$500, NT$200 and NT$2000 will be put up for bidding at future auctions.

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