World Paper Money Collect Banknotes for Pleasure and Profit
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    21

    The yen 円 (sign: ¥; code: JPY) is the currency of Japan. It is the third most-traded currency in the foreign exchange market after United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As is common when counting in East Asia, large quantities of yen are often counted in multiples of 10,000 (man, 万) in the same way as values in Western countries are often quoted in thousands.


    Japan 1872 Great Japanese Government Ministry of Finance 20 Sen P2 VF
    Japan 1872 Great Japanese Government Ministry of Finance 20 Sen P2 VF
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    Japan P 104 2004 1000 Yen Gem UNC
    Japan P 104 2004 1000 Yen Gem UNC
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    Japan 1878  1881  Portrait Empress Jingu 1 Yen P17 VF
    Japan 1878 1881 Portrait Empress Jingu 1 Yen P17 VF
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    Japan 1916 1Yen P30c 429 000466 UNC
    Japan 1916 1Yen P30c 429 000466 UNC
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    Japan 1916 1 Yen P30c 431 374020 UNC
    Japan 1916 1 Yen P30c 431 374020 UNC
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    Japan 1916 1 Yen P30c 432 648207 UNC
    Japan 1916 1 Yen P30c 432 648207 UNC
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    5 YEN 1878 GREAT IMPERIAL NATIONAL BANK JAPAN PMG VF30 RARE
    5 YEN 1878 GREAT IMPERIAL NATIONAL BANK JAPAN PMG VF30 RARE
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    Japan 1916 1 Yen P30c 432 648209 UNC
    Japan 1916 1 Yen P30c 432 648209 UNC
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    Japan 1916 1 YenP 30c 432 769550 UNC+
    Japan 1916 1 YenP 30c 432 769550 UNC+
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    Japan 1917 yrs 6 Rare Year 20 Sen block 9  P47a Original UNC+
    Japan 1917 yrs 6 Rare Year 20 Sen block 9 P47a Original UNC+
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    Japan 1920 Taisho yrs 9 50 Sen  326   P48c Original UNC
    Japan 1920 Taisho yrs 9 50 Sen 326 P48c Original UNC
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    JAPAN ND 1943 5 YEN NOTE  XF
    JAPAN ND 1943 5 YEN NOTE XF
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    Japan 1922 Taisho yrs 11 50 Sen  454   P48c UNC
    Japan 1922 Taisho yrs 11 50 Sen 454 P48c UNC
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    Japan 1919 yrs8 20 Sen 53  P47b VF+
    Japan 1919 yrs8 20 Sen 53 P47b VF+
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    Japan 1938 yr13 three percent Half interest treasury bonds 100Yen VF
    Japan 1938 yr13 three percent Half interest treasury bonds 100Yen VF
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    JAPAN 10 Sen Banknote World Currency Money Grade XF BILL Asia p84 1947 Note Bird
    JAPAN 10 Sen Banknote World Currency Money Grade XF BILL Asia p84 1947 Note Bird
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    Bank of Japan 10 Yen
    Bank of Japan 10 Yen
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    BURMA JAPAN OCCUPATION 10 RUPEES P16 1942 AUNC MYANMAR CURRENCY JIM BANK NOTE
    BURMA JAPAN OCCUPATION 10 RUPEES P16 1942 AUNC MYANMAR CURRENCY JIM BANK NOTE
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    Japan  5 Yen Replacement Note  1943 Issue  P 50
    Japan 5 Yen Replacement Note 1943 Issue P 50
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    Japan World War II Occupation Note In Holder AU
    Japan World War II Occupation Note In Holder AU
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    Japan  P 51a  10 Yen  1943 Issue  1943
    Japan P 51a 10 Yen 1943 Issue 1943
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    PHILIPPINES 10 PESOS 1942 P 111 Japan Occup Uncirculated Banknotes
    PHILIPPINES 10 PESOS 1942 P 111 Japan Occup Uncirculated Banknotes
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    NO DATE 1953 JAPAN 100 YEN ITAGAKI TAISUKE DIET BUILDING PICK90
    NO DATE 1953 JAPAN 100 YEN ITAGAKI TAISUKE DIET BUILDING PICK90
    $3.00
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    Japan 1942 Greater East Asia War treasury bonds 50 Yen 289924 F VF
    Japan 1942 Greater East Asia War treasury bonds 50 Yen 289924 F VF
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    History
    The issuance of the yen banknotes began in 1872, two years after the currency was introduced. Throughout its history, the denominations have ranged from 10 yen to 10,000 yen.

    Before and during World War II, various bodies issued banknotes in yen, such as the Ministry of Finance and the Imperial Japanese National Bank. The Allied forces also issued some notes shortly after the war. Since then, the Bank of Japan has been the exclusive note issuing authority. The bank has issued five series after World War II. Series E, the current series, consists of ¥1000, ¥2000, ¥5000, and ¥10,000.

    Before World War II

    In 1872, the Ministry of Finance introduced notes in denominations between 10 sen and 100 yen. "Imperial Japanese Paper Currency" followed in 1873 in denominations of 1 yen up to 20 yen. "Imperial Japanese Paper Money" was issued between 1881 and 1883 in denominations between 20 sen and 10 yen.

    In 1877 and 1878, the Imperial Japanese National Bank issued 1 and 5 yen notes. In 1885, the Bank of Japan began issuing notes, in denominations of 1, 5, 10 and 100 yen. 20 yen notes were added in 1917, followed by 200 yen in 1927 and 1000 yen in 1945.

    Between 1917 and 1922, the government issued 10, 20 and 50 sen notes. 50 sen notes were reintroduced in 1938. In 1944, 5 and 10 sen notes were introduced by the Bank of Japan.

    Allied forces notes

    The Allies issued notes in denominations of 10 and 50 sen, 1, 5, 10, 20, 100 and 1,000 yen between 1945 and 1951, during which time the Bank of Japan also issued notes. Banknotes below 1 yen became invalid on December 31, 1953 by the same legislation mentioned above. Australia actually made notes for the occupation as well.

    By the early 1950s, notes below 50 yen had been replaced by coins, followed by those for 50 and 100 yen in the late 1950s. In 1957 and 1958, 5000 and 10,000 yen notes were introduced. The 500 yen notes were replaced after 1982.

    Modern Day Banknotes

    The current issue was launched in the year 2000. The 2,000 yen note was first issued on July 19, 2000 to commemorate the 26th G8 summit in Okinawa and the millennium year as well. Pictured on the front of the note is Shureimon, a famous gate in Naha, Okinawa near the site of the summit. The other side features a scene from the The Tale of Genji and the author Murasaki Shikibu on the lower right corner. The motif of the scene was taken from the 12th century illuminated handscrolls of the novel kept at the Tokugawa Art Museum in Nagoya.

    These notes are rare in the market, but at banks they are readily available. Many Japanese consider the 2,000 yen note a novelty as it is the only Japanese denomination in the factor of 2. To promote the circulation of the notes, some companies had started paying wages in them. The series D is the first to display the EURion constellation.

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