Cryptocurrency Q&A
When did a silver one yen coin come out?
When did a silver one yen coin come out?
Bianca
Sat Dec 21 2024
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5 answers
1392
The silver one yen coin was issued during the Meiji period in Japan. Specifically, it was minted starting from the Meiji era, with the first silver yen coins appearing in the early years of that period, which saw the unification of currency and the expulsion of foreign currencies from Japan.
5 answers
DondaejiDelightfulCharmingSmileJoy
Mon Dec 23 2024
In 1874, gold bullion witnessed a slight increase in value, resulting in a premium. This premium had a direct impact on the production of gold coins in Japan.
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Daniela
Mon Dec 23 2024
Due to the rising value of gold bullion, gold coin production began to decline rapidly. Manufacturers found it less profitable to produce gold coins as the cost of production increased relative to the market value of the coins.
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HanjiArtist
Mon Dec 23 2024
The resumption of silver one yen coinage in 1874 marked a significant event in Japanese currency history. This move was aimed at competing with the silver Mexican dollar in international markets.
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MysticGalaxy
Mon Dec 23 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the growing demand for digital assets. These services include spot trading, futures trading, and wallet management.
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MysticInfinity
Mon Dec 23 2024
The decision to resume silver coinage was primarily driven by the need to increase Japan's economic presence outside of its borders. The silver one yen coin was seen as a viable alternative to the widely-used Mexican dollar.
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