1555

JAPAN: Meiji, 1868-1912, AR yen, year 28 (1895), XF

Currency:USD Category:Coins & Paper Money / World Coins - Asia & Middle-East Start Price:40.00 USD Estimated At:50.00 - 75.00 USD
JAPAN: Meiji, 1868-1912, AR yen, year 28 (1895), XF
SOLD
75.00USD+ buyer's premium (20.00)
This item SOLD at 2025 Nov 18 @ 16:28UTC-08:00 : PST/AKDT
IMPORTANT NOTE - The Buyer's Premium is now $20 per lot or 20% of the hammer price, whichever amount is greater. However, we have also reduced opening bids on lower value items to adjust for the new Buyer's Premium structure, so all-in costs are still very close to what they were in the past. This change in fee structure will allow us to continue to offer coins valued at less than $100 in addition to our higher value offerings. Contact us with any questions.
JAPAN: Meiji, 1868-1912, AR yen, year 28 (1895), Y-28a.2, JNDA-01-10C, gin countermark left, cleaned, XF. In October 1897, Japan revalued the gold yen, and changed from a combination silver/gold standard to an exclusively gold standard. For the next six months silver yen were exchangeable for gold. Part of the demonetized silver coins were melted for use in minting subsidiary coins, and the rest were shipped to Taiwan for use as bullion silver. Before being exported, they were countermarked with the character for silver (gin) in a circle, to prevent them from being returned to Japan for another shot at exchange for gold. The gin countermark appears in a specific position - to the left or right of the ichi (one) character on the reverse. Krause states that the main Mint at Osaka applied the mark on the left side, and the subsidiary Tokyo Mint applied it to the right.