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Japanese coinage was reformed in 1948 with the issue of a brass one-yen coin. 451,170,000 coins were minted until production stopped in 1950. [18] The obverse of these brass coins features a numeral "1" with "State of Japan" above, and the date below, while the reverse reads "One Yen" with a floral pattern below it. [ 18 ]
Japanese cash coins were officially demonetised in 1891 after officially circulating as a division of the Japanese yen with an exchange rate of 10.000 mon for 1 yen. [ 8 ] [ 9 ] [ 10 ] Kōchōsen
In 1869, due to depreciation against gold, the new fixing officially was set for 1 ryō/yen = 1,000 mon. The yen started to replace the old non-decimal denominations in 1870: in the 3rd quarter of 1870, the first new coins appeared, namely 5, 10, 50 sen silver and 2, 5, 10, 20 Yen. Smaller sen coins did not appear before spring, 1873. [1]
In 1946, following the Second World War, Japan removed the old currency (旧円券) and introduced the "New Yen" (新円券). [1] Meanwhile, American occupation forces used a parallel system, called B yen, from 1945 to 1958. Since then, together with the economic expansion of Japan, the yen has become one of the major currencies of the world. [9]
The 100 yen coin (百円硬貨, Hyaku-en kōka) is a denomination of Japanese yen. These coins were first minted in 1957 using a silver alloy, before the current design was adopted with an alloy change in 1967. [1] It is the second-highest denomination coin in Japan, after the 500 yen coin.
The 5-yen coin (五円硬貨, Go-en kōka) is a denomination of the Japanese yen.The current design was first minted in 1959, using Japanese characters known as the "new script" and kanji in the kaisho style, and were also minted from 1948 to 1958 using "old-script" Japanese characters in the gothic style. [1]
The first gold yen coins consisted of 2, 5, and 20 yen coins which were struck throughout 1870. Five yen coins were first struck in gold for the Japanese government in 1870 at the San Francisco Mint. [25] During this time a new mint was being established at Osaka, which did not receive the gold bullion needed for coinage until the following ...
Ten yen coins minted between 1951 and 1958 have reeded edges and are nicknamed Giza 10 (ギザ10, Giza Ju), meaning “jagged 10 yen coin” in Japanese. [31] The design which is used today features Phoenix Hall of Byōdō-in on the obverse, and Bay laurel leaves on the reverse.
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