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Yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its prewar value. To stabilize the Japanese economy, the exchange rate of the yen was fixed at ¥360 per US$ as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per US$ in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1 Yen Note
The was a denomination of Japanese yen in seven different series from 1872 to 1946 for use in commerce. These circulated with the 1 yen coin until 1914, and briefly again before the notes were suspended in 1958. Notes from the Japanese government, known as "government notes," were the first to be issued through a company in Germany. Because they were being counterfeited, they were replaced by a new series which included the first portrait on a Japanese banknote. Almost concurrently, the government established a series of national banks modeled after the system in the United States. These national banks were private entities that also released their own notes which were later convertible into gold and silver. All three of these series came to an end due to massive inflation from the Satsuma Rebellion in 1877. National bank notes were re-issued as fiat currency before the national banks themselves were abolished. Both national bank and government one yen notes were gradually redee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Yen Note
The was a denomination of Japanese yen in twelve different series from 1872 to 1955 for use in commerce. Only those from the "A series", which was issued from 1946 to 1955 are legal tender today. Government and National Bank Notes Meiji Tsuho (1872-1879) The first five yen notes adopted and released by the Japanese government are part of a series known as . These notes were the first Japanese currency ever to be printed using western printing at Dondorf and Naumann, which was located in Frankfurt. Meiji Tsuho notes were designed by Edoardo Chiossone sometime in 1870 while he was working for Dondorf Naumann on behalf of ''The National Bank in the Kingdom of Italy''. The process of making Chiossone's proposed design a reality started with the establishment of the " Imperial Printing Bureau of Japan" in 1871 (4th year of Meiji). In order to produce the currency the Japanese government reached out to Dondorf and Naumann to gain access to Western technology. Chiossone had a f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1 Yen Coin
The is the smallest denomination of the Japanese yen currency. Historically they were initially made of both silver and gold in the early 1870s. Issues facing the Japanese government at the time included wanting to adopt the gold standard, and competing against the Mexican dollar for use in foreign trade. 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. Millions of former one yen silver coins were countermarked by the Japanese government for use outside of the mainland. Silver one yen coins continued to be minted until 1914 for backing up currency. One yen coins were not made again until after World War II in the late 1940s for a brief period of time. The current one yen coin design was first minted in 1955, is made up of pure aluminium, and has a young tree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
500 Yen Coin
The 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. The denomination had previously been issued as paper currency which co-circulated with the new coins until 1994. Originally the 500 yen coin was made up of cupronickel, but was later changed to nickel brass, and then to bi-metallic to deter counterfeiting. This illegal practice has been a constant issue since the coin was first released due to its high purchase value. With a history spanning 3 imperial eras, 500 yen coins are also collectibles. History Cupronickel yen The 500 yen coin was first minted in 1982 as another coin denomination was needed for use in vending machines. The obverse of the cupronickel based 500 yen coin features a paulownia crest, while the reverse is designed with bamboo and Tachibana. These elements were chosen as they are regarded as symbols of good ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
10 Yen Coin
The is one denomination of the Japanese yen. The obverse of the coin depicts the Phoenix Hall of Byōdō-in, a Buddhist temple in Uji, Kyoto prefecture, with the kanji for "Japan" and "Ten Yen". The reverse shows the numerals "10" and the date of issue in kanji surrounded by bay laurel leaves. History Gold ten yen (1871-1910) Ten yen coins were first issued in 1871 from a newly established mint at Osaka. The origin of mintage is not clear as there are conflicting reports stating that ten yen coins were either minted in San Francisco, or in Japan the prior year. In either case the unit of yen was officially adopted by the Meiji government in an act signed on June 27, 1871. Under the new law each ten yen coin was to weigh 257.2 grains, and contain 90% gold with a foreign exchange rate close to a United States Eagle ($10 USD coin). Gold bullion for coinage was delivered from private Japanese citizens, foreigners, and the Japanese government. No ten yen coins were minted betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Yen Coin
The is a denomination of the Japanese yen. The current design was first minted in 1959 using Japanese characters known as the " new script", and were also minted from 1948 to 1958 using "old-script" Japanese characters. Five-yen coins date to 1870 (when, due to the much higher value of the yen, they were minted in gold). The modern-day coin was first produced in 1948 with a differently styled inscription. This was changed in 1959 and the design has remained unchanged since. The obverse of the coin depicts a rice plant growing out of the water, with "five yen" written in kanji; the reverse is stamped with "Japan" and the year of issue, also in kanji, separated by sprouts of a tree. The three graphic elements of the coin represent agriculture and fisheries, the key elements of the Japanese first-sector economy. Around the central hole, there is a gear that represents industry. It is the only Japanese coin in circulation to lack Arabic numerals on either side. History Gold fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100 Yen Coin
The is a denomination of Japanese yen. The current design was first minted in silver in 1959 and saw a change of metal in 1967. It is the second-highest denomination coin in Japan after the 500 yen coin. The current 100 yen coin is one of two denominations which depict the emperor's rule date in Arabic numerals rather than Kanji. History Silver yen 100 yen coinage was first authorized in 1951 with the specification that the coins be made of a silver alloy. The first coins were minted for circulation in 1957 which featured a phoenix on the reverse. The alloy decided upon consisted of 60% silver, 30% copper, and 10% zinc and came at a time when banknotes of the same denomination were already in circulation. The "100 yen" bill hence became a substitute to the coin as the two were allowed to co-circulate. The design of the coin was changed in 1959 which removed Latin script ("Yen"), and changed the reverse side to show a sheaf of rice. To commemorate the summer 1964 Olympics in To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
50 Yen Coin
The is a denomination of Japanese yen. These coins were first minted in 1955, and concurrently circulated alongside a banknote denomination of the same amount. 50 yen notes were eventually pulled from circulation shortly before the center of the 50 yen coin was holed. The first yen coins were made of pure nickel and slightly larger than the ones used today. Changes to the 50 yen coin were made in response to events surrounding the 100 yen coin. The public wanted a different looking 50 yen coin while the mint wanted to stay consistent with the material used to make the coins. The current design was first minted in 1967 using Cupronickel rather than pure nickel. The 50 yen coin continues to be minted for commerce, and is a collectible among hobbyists. History The first 50 yen coins were released in 1955 featuring a chrysanthemum flower viewed from the side on the reverse, and a stylized ancient weight on the obverse. These unholed coins had a diameter of 25 mm, and were made ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2 Yen Note
The was a denomination of Japanese yen issued in two different overlapping series from 1872 to 1880 for use in commerce. Meiji Tsūhō "two yen" notes were the first to be released as inconvertible government notes in 1872. These notes were produced both domestically, and in Germany using western technology. While they had an elaborate design, the notes eventually suffered in paper quality, and were counterfeited. Two yen Meiji Tsūhō notes were not redesigned with other denominations in response to these issues. The series as a whole was effected by massive inflation that occurred during the aftermath of the Satsuma Rebellion in 1877. Too many non convertible notes had been issued to pay for the expenses incurred. Government notes stopped being issued in 1879, and the Bank of Japan was established in 1882 as a way to redeem old notes for new ones issued by the bank. This redemption period expired when the notes were abolished on December 9, 1899. National bank notes were first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
50 Yen Note
The was a denomination of Japanese yen that was issued from 1872 to 1958 (non-consecutively) in paper form. The first two issues for this denomination are rare for various reasons, including the latter of the two not being released for circulation. The final issue (also known as "B series") was short-lived as it was only issued from 1951 to 1958. Eventually a "stop payment" order was given causing the old 50 yen bills to be pulled from circulation in favor of the 50 yen coin. While "B series" notes continue to retain their legal tender status, they are now worth more as collectables. Issues Old style 50 yen notes made during the Meiji era are considered to be very rare today with few existing examples, these were first issued in 1872 and later discontinued in 1899. The next series of 50 yen bills were intended to be issued in 1927, but were never released for circulation due to the Shōwa financial crisis. Two types of "Specimen" notes are known to exist which are now a rarity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100 Yen Note
The was a denomination of Japanese yen issued from 1885 to 1974 in paper form. Eight different types were issued over the period of almost a century before they were replaced by the 100 yen coin. Only two of the issued notes continue to retain their legal tender status, both of which were issued after World War II. Like other old Japanese banknotes they are worth more on the collector's market than at face value. Issues One hundred yen notes were first issued in 1885, and are nicknamed " Daikoku notes" based on the obverse design. Only 27 of these notes are known to exist today due to the small amount that was issued, and a flaw with how the notes were made. "Daikoku notes" were eventually withdrawn from circulation on March 31, 1939. The second issue came on November 15, 1891 as a fix to a problem with the first issue notes. The "Daikoku notes" had been made with konjac powder to increase the strength of the paper, but as a result the notes were eaten by mice and insects. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
500 Yen Note
The was a denomination of Japanese yen issued from 1951 to 1994 in paper form. Crudely made notes were first made in an unsuccessful attempt to curb inflation at the time, and the series as a whole is broken down into three different types of note. Only the last two have a known design which feature Iwakura Tomomi on the obverse, and Mount Fuji on the reverse. Starting in 1982, new 500 yen coins began to be minted which eventually replaced their paper counterparts. While the production of 500 yen notes continued until 1984, all of the notes issued were officially withdrawn from circulation in 1994. Five hundred yen notes were allowed to retain their legal tender status, but they are now worth more on the collector's market than at face value. Series The first series of 500 yen notes (called "series B") were released on April 2, 1951 with improved security features such as Watermarks. This time these new notes appeared to have been more successful, as they were issued for almos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
