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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]
Coins from this period all begin with the Japanese symbol 大正 (Taishō). This was the final year one yen coins were minted in silver, and is a one year type. Inscriptions on Japanese coins from this period are read clockwise from right to left: "Year" ← Number representing year of reign ← Emperor's name (Ex: 年 ← 三十 ← 正大)
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 ...
As the Chinese coins were not in sufficient number as trade and economy expanded, local Japanese imitations of Chinese coins were made from the 14th century, especially imitations of Ming coins, with inscribed names identical to those of contemporary Chinese coins. [1] These coins had a very low value compared to Chinese coins, and several of ...
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.
The 50 yen coin (五十円硬貨, Gojū-en kōka) is a denomination of Japanese yen. These coins were first minted in 1955, and concurrently circulated alongside a banknote denomination of the same amount.
The 500 yen coin (Japanese: 五百円硬貨, Hepburn: Gohyaku-en kōka) is the largest denomination of Japanese yen coin issued for circulation. These coins were first struck in 1982 as the vending machine industry needed a higher valued coin for use in their machines.
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]
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