Japan 1870 (M3) 5 yen

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Heritage sale 3042, lot 30138
photo courtesy Heritage Auction Galleries

This specimen was lot 30138 in Heritage sale 3042 (Long Beach, September 2015), where it sold for $3,995. The catalog description[1] noted, "Meiji gold 5 Yen Year 3 (1870) MS65 NGC, Osaka mint. Drenched in effulgent luster, with few marks as the grade suggests and a strong strike that completes the design. A vastly popular one-year type, with 12 graded at the MS65 level by NGC, and 13 graded finer." This type of 1870-71 is very rare despite the substantial mintage, suggesting that most were melted by the government and never issued. The diameter was reduced to 21.82 mm in 1872.

Recorded mintage: 273,536 for 1870-71.

Specification: 8.33 g, 0.900 fine gold, 23.84 mm diameter.

Catalog reference: Fr-47; KM-Y11.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • The Catalog of Japanese Coins and Banknotes, Tokyo: JNDA (Japanese Numismatic Dealers Assn.), 2014.
  • [1]Cristiano Bierrenbach, Warren Tucker and David Michaels, Heritage World Coin Auction 3042, featuring the Read and Bob Bennett Collections, Dallas, TX: Heritage Auction Galleries, 2015.

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