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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 ]
Countermarked one yen coin showing the "gin" stamp on the obverse left side. (stamped in Osaka) Countermarked yen refers to Japanese trade dollars and 1 yen coins that are stamped 銀 (gin), literally meaning "silver" (pronounced with hard 'g'). The countermark was added by the Japanese government in 1897 to these coins dated up to that point.
Bronze coins worth one-one thousandth of a yen called "rin" were first introduced in 1873. One rin coins were very small, measuring 15.75 mm in diameter and 0.3 mm in thickness, and co-circulated with mon coins of the old currency system. Their small size was eventually their undoing, and the rin was abandoned in 1884 due to unpopularity.
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 Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. [1] 2,736,000 coins of this type were minted, the vast majority in 1876-77. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. The majority of the trade dollars ...
Only a handful of examples extant,” one such coin sold for $195,500 (USD) in 2011. [44] 1 yen 6th 六 1873 KM-Pn22 Virtually identical to the adopted 2nd silver yen design. The main difference is "1873" written in Arabic below the reverse bow. [45] 1 yen 7th 七 1874 KM-Pn23 Virtually identical to the adopted 2nd silver design. [46] 1 yen ...
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
The Japanese occupation also outlawed any use of Hong Kong dollar and set a deadline for exchanging dollars into yen. [citation needed] When the military yen was first introduced on 26 December 1941, the exchange rate between the Hong Kong dollar and the military yen was 2 to 1. However, by October 1942, the rate was changed to 4 to 1.
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