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Japanese Coins Engraved with New Era Name to be Introduced Soon

Started by Bimat, April 03, 2019, 08:38:52 AM

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If reduction in cash usage was the reason, both coins and notes would have been equally affected and the cost benefit ratio would remain the same.

The upward movement of note/coin boundary is a natural economic phenomena.

However, in many cases, this gets vitiated because of a number of reasons.

Lethargy of bureaucratic machinery is one of the major reasons.
Lobbying by currency printers vis a vis mints is another ( mainly an euphuism for under the table dealings).
Incompetent and ignorant officials and political decision makers are not to be forgotten ( which count for maximum countries which do not have current circulation coins).

In addition to Korea, USA, European Union etc are other well known examples which have not had upward movement of note/coin boundary.

Far more interesting examples are where the note/coin boundary has actually moved down. Nepal, Malaysia, Jordan etc. are some examples there.


Coins to commemorate Emperor's enthronement

Friday, May 10, 13:10

Japan's government is to issue commemorative coins to mark the enthronement of Emperor Naruhito.

The government plans to mint two types of coins -- one made of pure gold with a face value of 10,000 yen, and another made of copper alloy with a face value of 500 yen.

A total of 50,000 gold coins and 5 million copper coins are to be issued.

The gold coin features a phoenix spreading its wings on one side and an imperial chrysanthemum crest on the other.

The copper coin shows the emperor's special throne called Takamikura on one side. The throne is used at a ritual to declare enthronement. The other side has an imperial chrysanthemum crest.

The Japan Mint is to sell 20,000 of the gold coins and 30,000 sets of one gold and one copper alloy coin, only through mail orders.

Each will be sold for around 140,000 yen, or about 1,300 dollars.

The office plans to take applications for around three weeks starting July 11.

Officials say the 500-yen coins can be exchanged for face value at financial institutions.

It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.


Here's the ¥500 coin. Image Source: WBCN.

It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.


Quote from: Pabitra on April 10, 2019, 11:23:45 PM
I think it is for the first time a  language other than Japanese( Country name and denomination in English) will appear on Circulation coin of Japan.

I have been corrected by my Japanese friend that " NIPPON" ( Japanese name for Japan) does appear in English, on present 500 yen coins, in micro lettering


The reverse