![]() The coin’s rarity also adds to its value. The fact that such an ancient coin, the size of a dollar bill, was struck in gold increases its intrinsic value. That aside, the Professional Coin Grading Service (PCGS) graded this example as an MS60. You will notice some hand-written inscriptions on the front of the plate, but it is still unknown what those writings were meant to be when this coin was struck. This particular example, dating back to 1588, is exceptionally rare, with only six known examples. Unlike other ancient Japanese coins, the Oban typically features the Kiri stamps constituting three stars imprinted on the floor. ![]() They topped the ranks as the country’s largest denomination. In Japanese history and culture, Oban were large, oval-shaped plates cut from gold. It is among the first Oban coins to be struck in the country and originates from the Tensho period. The 10 Ryo, struck in 1588, is undeniably the most valuable Japanese coin. Most Valuable Japanese Coins Worth Money 1. Now let’s look at examples of some of the most valuable Japanese coins. More importantly, Japan’s yen aligned with international gold standards. In addition to issuing new notes printed in German, it also issued silver coins to facilitate commerce between Japan and its neighbors. Banks were also allowed to mint their own currency, but all of these currencies and a lack of a streamlined monetary system created confusion and unaccountability.įollowing the issues of the New Currency Act in 1871, Japan streamlined its monetary system. In addition to copper, silver and gold coins, the government also allowed using feudal notes and gold-convertible paper money, referred to as Ryo. The new system would lead to the establishment of the yen, which was pegged on the Western currency. At the start of the 1860s, the legend of small-value cash changed from Kanei to Bunkyuu Tsuuhou.īy the mid-1860s, a new currency system began emerging in Japan. The Kanei legend appeared in low-value currency and remained this way for many years afterward. The three eras include the Keichou, Genna, and Kanei. The lack of streamlined regulation led to illegal activities such as making counterfeit Chinese and imperial coins, a state that dominated much of the 16 th century.īy the 17 th century, the Tokugawa government started making its own coins with the name of each era appearing on the coin’s face. ![]() This made imperial coins exceptionally scarce throughout Japan.Īfter stopping coin production, the government began importing Chinese coins, widely used as circulating currency until the mid-1600s. ![]() The minting of coins to be used as currency continued to 958, after which the government suspended operations involving the minting of coins. The Japanese coinage dates back to 708 when the imperial government minted the Wadou Kaichin, early feudal coins. So whether you want to buy or sell, read on to find out which Japanese coins are worth money. The country’s currency, including its coins, has also undergone numerous changes to become the global currency it is today.Īs you will discover, many of the most valuable Japanese coins are ancient, with few examples existing today. Japanese coinage has come a long way dating as far back as the 8 th century. Are you interested in collecting valuable Japanese coins? Do you own such a coin and wonder whether it is worth money?
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