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1895 (M28) Japan 1 Yen Gin Left Counterstamp - NGC AU53

1895 (M28) Japan 1 Yen Gin Left Counterstamp - NGC AU53

Regular price $209.00
Regular price Sale price $209.00
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SKU:N-6650799-062

A remarkably well preserved example of a Japanese Yen with the rare "Gin" counterstamp.

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. 

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