Cryptocurrency Q&A
What happened to the silver one yen coins minted from 1871 to 1897?
What happened to the silver one yen coins minted from 1871 to 1897?
Giulia
Sat Dec 21 2024
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6
answers
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I'm curious about the fate of the silver one yen coins that were produced between 1871 and 1897. What became of them?
6 answers
SsangyongSpiritedStrengthCourage
Mon Dec 23 2024
The Japanese government's decision to melt down these coins was a strategic one, aimed at ensuring a steady supply of metal for coin production.
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Gianluca
Mon Dec 23 2024
The silver one-yen coins minted between 1871 and 1897 underwent various fates after their circulation.
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JejuJoy
Mon Dec 23 2024
A significant portion of these coins were hoarded by the public, who saw them as valuable collectibles or a form of savings.
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AzrilTaufani
Mon Dec 23 2024
Another large group of these coins were melted down by the Japanese government. This was done to procure bullion, which was essential for the minting of subsidiary coins.
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Stefano
Sun Dec 22 2024
Some of the silver one-yen coins were also countermarked with the character "Gin." This modification was made for their use in Japanese-occupied territories.
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