My World Crown Affair
19th Cent, Japan yen

Owner Comments:

The creation of the yen currency was a hallmark of the early Meiji government's efforts to modernize Japan's economy. Its issue as a silver crown was brief as the silver standard of the time came under pressure due to the rapid devaluation of silver versus gold as many nations had shifted to the gold standard starting in 1873.

The obverse shows the Japanese dragon, denoted by three claws, holding a pearl, which can have several meanings. The reverse shows a radiant sun surmounted by the chrysanthemum seal of Japanese Emperor.