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Home > > Japan 2 Shu-Gin - Nishu Gin. 1/8 Ryo. Ansei - 1859 - Silver - with caracters - Rare

Coin Japan 2 Shu-Gin - Nishu Gin. 1/8 Ryo. Ansei - 1859 - Silver - with caracters - Rare

Ref. : NCP1600
Product type
Coin
Date/Year
1859
Catalog
Word coins (KM. C.15)
Country
Japan
Quality
VF
Face value
2 shu
Diameter (mm)
27
Poids
13.83
Tirage
706400
Titrage
845
Metals
Silver (845%)
Size: 27 x 16 mm. JNDA?09-56
1 300,00 1300,00 INCL. VAT
$1423.5
Sold
article_benificier_point 1300 Point(s)
un_produit_gratuit pour_au_plus_quantity_articles_achetes et_amount_minimum_achat Valid Since 06/17/25

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Description

Size: 27 x 16 mm.

JNDA?09-56.

Japan signed the Ansei Five-Power Treaties with the United States, Great Britain, Russia, the Netherlands, and France in 1858. These treaties included clauses requiring Japan to open its ports to foreign trade the following year. On June 2nd, 1859, the day before the ports were to be opened, the Shogunate issued a 2 Shu silver coin, which was devalued in comparison to the gold koban, worth less than a third of its former value. The parity between gold and silver coins was set at 1:17 (previously it had stood at 1:5 compared to 1:15 abroad, resulting in a significant outflow of gold coins exchanged for Mexican silver dollars, yielding enormous profits for foreign merchants). The introduction of the new coins could have prevented the outflow of gold koban abroad. However, diplomats from the US and other countries strongly opposed these new coins, while merchants rejected them. Consequently, Japanese authorities discontinued the minting of Ansei Nishu-gin after a very short period, and the coins are extremely rare today.

 

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