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Japanese 500 yen coin (left) next to a similar South Korean 500 won coin (right) When the 500 yen coin debuted it was the highest nominally valued coin in the world. [21] In comparison the coin's purchase power was about double that of a two-pound coin (UK) in 2012. [21] These reasons have made 500 yen coins a prime choice for counterfeiters ...
The 500 yen coin (五百円硬貨, Gohyaku-en kōka) is a denomination of the Japanese yen. In addition to being used as circulating currency, this denomination has also been used to make commemorative coins struck by the Japan Mint. These coins are intended for collectors only and were never issued for circulation.
Alongside the 5 Swiss franc coin, the 500 yen coin is one of the highest-valued coin to be used regularly in the world, with a value of US$4.42 as of December 2016. [ 63 ] [ 64 ] Because of its high face value , the 500 yen coin has been a favorite target for counterfeiters, resulting in the issuance in 2000 of the second nickel-brass 500 yen ...
The Japanese Proof Set (プルーフセット), commonly known as the Proof Set in the United States, is a set of proof coins sold by the Japan Mint.These sets were first issued in 1987 (Shōwa 62) as "regular proof sets" consisting of denominations of 1, 5, 10, 50, 100, and 500 yen (666 yen total).
The 500 yen note (五百円紙幣) is a discontinued denomination of Japanese yen issued from 1951 to 1994 in paper form. Crudely made notes were first made in an unsuccessful attempt to curb inflation at the time, and the series as a whole is broken down into three different types of note.
The Japanese government was trying to deflate the yen, and achieve more imports and less exports. Another explanation put forward is the introduction of the 500 yen coin in 1982. The Japanese mint at the time stated that a higher value coin was needed for use in vending machines. [11]
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.
The formerly used notes of 1 to 500 yen from 1946 to the 1980s, while discontinued, continue to be valid. These are, however, worth more than their face value on the collector's market. At present, Japanese banknotes are printed with portraits of people from the Meiji period and later. This is because it is desirable to use an accurate ...