Author Topic: Japan 2 two sen Y#18.2, 1882 Year 15, Meiji  (Read 258 times)

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Offline @josephjk

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Japan 2 two sen Y#18.2, 1882 Year 15, Meiji
« on: October 19, 2018, 08:12:10 PM »
Recent addition to the collection....  :)

Online Figleaf

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Re: Japan 2 two sen Y#18.2, 1882 Year 15, Meiji
« Reply #1 on: October 25, 2018, 10:15:27 AM »
A magnificently detailed coin. The series is often found in high quality. This is remarkable, since the cast coins that preceded them are of inferior quality. I suspect the people were slow to accept struck coins as they were so different. Perhaps people were still thinking in terms of weight and metal content of the coin in relation to its denomination and the struck coins were deemed underweight? Otherwise, an example of a government less conservative than the population it rules? ;)

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Finn235

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Re: Japan 2 two sen Y#18.2, 1882 Year 15, Meiji
« Reply #2 on: October 30, 2018, 04:37:59 PM »
Beautiful specimen! Finding these in high grades is really difficult; big copper coins get beat up when people drop them. They are really affordable up to about XF, but the price skyrockets once you get into problem free AU, then climbs almost exponentially into MS.

@Peter, I doubt there was much resistance to accepting these coins, as the Tokugawa economy was in shambles by the time teenaged Meiji came to power. Ideally, these would have had a value of 80 mon (1/50 ryo), or 20 of the Bunkyu Eiho 4 mon coins, which would have contained more copper, but were also unwieldy. Their value closely matched the Tempo Tsuho 100 mon coin, which also contained more copper, but was a friggin' paperweight. A decade into the Restoration, a former merchant or farmer who was living on 200-300 mon a month would have probably seen a pay raise of several fold, boosted by the easing of taxes that had held the Daimyo afloat.

Just about the only people unhappy with the new system were the samurai and low-ranking officials who were used to a cushy lifestyle, but did not rank high enough to land government jobs. The Meiji government cut out their pensions in 1877, leading to the famous Satsuma Rebellion.