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[3] [4] [5] In 760 Japanese currency was reformed and gold and silver cash coins were introduced, however by the end of the 10th century the value of Japanese coinage had severely fallen combined with a weak central government led the Japanese to return to barter.
The Nibuban (二分判) was worth half a Koban and was rectangular gold coin. The Ichibuban (一分判) could be either made of silver or gold, in which case it was a quarter of a Koban. The gold Ichibuban of 1714 (佐渡一分判金) had a weight of 4.5 g, with 85.6% of gold and 14.2% of silver.
Obverse has two crossed Japanese flags on poles with Mount Fuji in the background, while the reverse shows the coin's value. This pattern was struck in copper, and is holed in the center. [4] Only 2 coins have been certified as genuine by PCGS, while a 3rd resides in the Smithsonian Institution. [5] [6] 1 Momme KM-Pn4
In 760, a reform was put in place, in which a new copper coin called Man'nen Tsūhō (萬年通寳) was worth 10 times the value of the former Wadōkaichin, with also a new silver coin named Taihei Genpō (大平元寶) with a value of 10 copper coins, as well as a new gold coin named Kaiki Shoho (開基勝寶) with a value of 10 silver coins.
A Japanese tea house which reflects the wabi-sabi aesthetic in Kenroku-en (兼六園) Garden Wabi-sabi tea bowl, Azuchi–Momoyama period, 16th century. In traditional Japanese aesthetics, wabi-sabi (侘び寂び) is centered on the acceptance of transience and imperfection. [2]
The Keichō era koban was issued with a face value of one ryō. [2] [3] Despite the existence of other gold and silver coins at the time, through a series of reforms the Bakufu managed to stabilize the koban to ryō 1:1 valuation by the end of the seventeenth century. [3]