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The Kōchōsen Japanese system of coinage became strongly debased, with its metallic content and value decreasing. By the middle of the 9th century, the value of a coin in rice had fallen to 1/150th of its value of the early 8th century. [13]
As Bitasen coins were no longer allowed to circulate within Japan, Japanese traders started selling them on foreign markets for profits, especially on the Vietnamese market where a huge influx of Eiraku Tsūhō and Kan'ei Tsūhō coins from Japan made the Japanese mon the de facto currency of the region.
In 760, a reform was put in place, in which a new copper coin called Man'nen Tsūhō (萬年通寳) was worth 10 times the value of the former Wadōkaichin, with also a new silver coin named Taihei Genpō (大平元寶) with a value of 10 copper coins, as well as a new gold coin named Kaiki Shoho (開基勝寶) with a value of 10 silver coins.
Officials meanwhile, tried in vain to draw attention away from the fact that 10 Wadōkaichin (older copper coins) could be exchanged for 1 new Mannen Tsuho coin. [3] As the Mannen Tsūhō did not circulate at a set value, private coins that imitated these new coins were rampant. Minting eventually ceased after just 5 years of production, making ...
This coin is described as "very rare" by Heritage Auctions. [135] [136] 5 yen 33rd 三十三 1958 KM-Pn86 Virtually identical to the adopted 2nd design which uses an "old script" for the value. There are added Japanese characters on the reverse side (gear design around hole). [137] 10 yen: 25th 二十五 1950 KM-Pn82 Unknown design struck in ...
The value of any given coin is determined by survivability rate and condition as collectors in general prefer uncleaned appealing coins. The first ten yen coins were made from 1871 to 1892 with coins dated 1871, 1876, 1877, 1880, and 1892 using a dragon design.
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