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Modern ten yen coins date back to 1951 (year 26 of Shōwa) when the coins were struck for circulation using a bronze alloy. There is a misconception among the Japanese public that Giza 10 (ギザ10, Giza Ju) (yen made between 1951 and 1958) are worth a lot of money because
Bank of Japan notes with a denomination of ten yen however, were not released until May 9, 1887 (year 20 of Meiji). [33] Ten yen notes from this series are commonly called Ura Daikoku 10 yen (裏大黒10円) after the lucky god Daikokuten featured in the design. [38]
In 1897, the silver 1 yen coin was demonetized and the sizes of the gold coins were reduced by 50%, with 5, 10 and 20 yen coins issued. After the war, brass 50 sen, 1 and 5 yen were introduced between 1946 and 1948. The current-type holed brass 5 yen was introduced in 1949, the bronze 10 yen in 1951, and the aluminum 1 yen in 1955.
Russo-Japanese War military bonds were issued upon declaration in denominations of 10 sen, 20 sen, 50 sen, 1 yen, 5 yen, and 10 yen. [6] Their size ranges from 103mm x 62mm for sen to 130 mm x 92 mm for yen with a design similar to Meiji Tsūhō notes that were issued for civilians in Japan from 1872 to 1899. [ 6 ]
The first notes to be printed were released between 1885 and 1887 in denominations of 1 to 100 yen. Throughout their history, the denominations have ranged from 0.05 yen (aka 5 sen) to 10,000 yen. Banknotes under 1 yen were abolished in 1953, and those under 500 yen were discontinued by 1984.
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]
After Japan announced its unconditional surrender on 15 August 1945, military yen banknotes were seized by British military authorities. However, although there was about as much as 1.9 billion yen, the Japanese military administrations intentionally destroyed 700 million worth of it. [citation needed]
The 10 sen coin (十銭硬貨) was a Japanese coin worth one tenth of a Japanese yen, as 100 sen equalled 1 yen. [1] These coins were minted from the late 19th century up until the end of World War II .