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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.
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). In addition to "regular", those made since 1997 have also been referred to as "special", as these sets include a decorative case and in some instances a non-legal tender medal. Proof coinage is ...
Japanese middle school textbooks often state that one ryō was approximately equivalent to 100,000 Yen at the start of the Edo period, and around 3000–4000 yen at the end of the Edo period. On the other hand, the Currency Museum of the Bank of Japan states that one ryō had a nominal value equivalent 300,000–400,000 yen, but was worth only ...
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Gold traded for silver in Japan at a 1:5 ratio, while that ratio was 1:15 abroad. During the Bakumatsu period in 1859 Mexican dollars were even given official currency in Japan, by coining them with marks in Japanese and officializing their exchange rate of three "Bu" [ clarification needed ] .
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.
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