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Ball shaped nuggets used in Western Japan c.1736. Before the Meiwa period, Japan as a whole had previously been divided when it came to high-value transactions. While Koban and Ichibuban were commonly used in the East, in Western Japan coins were made up of ball and bar-shaped silver nuggets.
The decision was made to use silver one yen coins exclusively outside of Japan for trade, while gold coins were minted and used in mainland Japan. Gold and silver coins were eventually allowed to co-circulate in mainland Japan from 1878 to 1897 when they were demonetized.
Silver one yen coins were first struck in 1871 for the mainland before being switched over for use outside of Japan in 1874. [1] Trade silver dollars (also referred to as "Boyeki ichi yen gin") were first struck in 1875 and were legal tender only within the limits of the trade treaty ports. [1] These trade dollars were only produced until 1877 ...
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 current 100 yen coin is one of two denominations that depict the emperor's rule date in Arabic numerals rather than kanji.
Initially, the coinage was used essentially for export purposes in order to pay for imports of luxury goods from China, such as silk. [2] As gold and silver were in short supply, and also because the government was running a deficit, the content of gold in coins was decreased on two occasions, in 1695 and 1706–11, in order to generate more revenues from seigneurage, but with the effect of ...
Tokugawa started by minting Keicho gold and silver coins, and Chinese copper coins were later replaced by Kan'ei Tsuho coins in 1670. The material for the coinage came from gold and silver mines across Japan. For this purpose, new gold mines were opened, such as the Sado and Toi gold mines in the Izu Peninsula.