1879 (M12) Japan 1 Yen Gin Left Counterstamp - NGC AU Details Chopmarked
1879 (M12) Japan 1 Yen Gin Left Counterstamp - NGC AU Details Chopmarked
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SKU:N-6722459-009
A remarkably well preserved example of a Japanese Yen with the rare "Gin" counterstamp and chopmarks.
In 1897, the Japanese government switched to the gold standard and as a result recalled and demonetized all silver Yen. The "Gin" stamp was added to the recalled Yen by the Osaka Mint (if on the left) or the Tokyo Mint (if on the right), indicating that they were silver bullion and not legal tender within Japan.