Trade Coins of the Orient
Meiji Empire
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Coin Details
| Origin/Country: |
JAPAN Asia 19th Century |
| Item Description: |
T$1 M9(1876) .900 Silver |
| Full Grade: |
NGC VF Details |
| Owner: |
The Beaw's Den |
Owner Comments:
The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. It was minted of 27.22 grams of silver with a fineness of 900. 2,736,000 coins of this type were minted, the vast majority in 1876-77. When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. The majority of the trade dollars were counter-stamped with the character "gin" (Japanese for "silver"). The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. The coins were then released for use in Taiwan, Korea and Southern Manchuria.
This particular example is HEAVILY chopped and is even a little bent from the force of the blows required to place so many chops. The obverse is OK but the reverse is nearly obliterated. How NGC could determine a VF grade for this is a mystery to me.