Meiji 3 & 4, multi-denominational
M3(1870) YEN TYPE III

Obverse:

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Reverse:

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Coin Details

Origin/Country: JAPAN
Item Description: YEN M3(1870) TYPE 3
Full Grade: NGC MS 63
Owner: Star City Homer

Set Details

Custom Sets: This coin is not in any custom sets.
Competitive Sets: Meiji 3 & 4, multi-denominational   Score: 3203
Research: NGC Coin Price Guide

Owner Comments:

JNDA 01-9. The dragon obverse, sun reverse silver one yen is dated Meiji 3 only (vs. the lesser denominations bearing both M3 and M4 dates).

The JNDA references four major types in its price guide. Krause refers to types I, II and III. The latter three types are distinguished by features of the yen character on the obverse including size of one stroke and completeness of another part of the character.

This coin is an example of the type three, which is the more difficult to obtain variety.

The gold 1 yen was the basic monetary unit established under the Meiji restoration. The silver yen was intended for use in treaty ports and were not initially to have circulated outside these areas. This was changed by a later coinage act and the silver yen coins became legal tender throughout Japan (though of a differing design by then) until the silver yen coin was demonetized for domestic use.

38.58 mm in diameter, 0.900 fine silver, weight 26.96 grams.

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