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<p>[QUOTE="Stork, post: 7566982, member: 71642"]TL;DR: IF they were even 'monetized' in the first place, they were certainly DE-monetized by the subsequent change in government and abolition of the denomination. </p><p><br /></p><p>But smarter people have to figure out where along the food chain something is monetized. And what about NCLT? LT is in the name <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />. </p><p><br /></p><p>Or if something created by an official government Mint under government direction and decree, still counts as monetized even if they never actually left the mint due to external forces. (1933 double eagles come to mind too).</p><p><br /></p><p>-------------------------------------------------------------------------------------------</p><p>My original/poorly caffeinated ramblings where I may or may not have been thinking about what you were really asking:</p><p><br /></p><p>If the issuing authority still exists I would expect that the specific coin would be demonetized. I haven't looked into this specifically as this doesn't really apply here.</p><p><br /></p><p>For Japan there are 'modern' coins which are Meiji reformation (1870) to date. Then there are 'current' coins which have been issued by the current governmental entity. And these are broken out in the JNDA by section. Of the 'current' coins there are plenty that are no longer circulating, but absent translating the footnotes in the JNDA or checking the Japan Mint site, I don't know. But you have given me an idea of an interesting thing to try and figure out!</p><p><br /></p><p>In any case, before and during WWII the coins were issued by the Empire of Japan, which what the Dai Nippon/Great Japan refers to as the issuing authority. </p><p><br /></p><p>After the war the translation on the coins is for 'The Government of Japan', and was, IIRC, managed by the US. A transitional period in terms of being a legal entity as Japan was being 'reorganized'.</p><p><br /></p><p>Once the new Japanese constitution was created, the legal issuing authority is now the 'Country of Japan', a constitutional monarchy/parliament system. </p><p><br /></p><p>Any coins previously used are no longer valid, though I don't know if this was an official act of demonetization per se or just a natural consequence. I mean, did that have to say, 'prior coins are not valid as the government no longer exists'? </p><p><br /></p><p>This was a currency reform as well. All denominations under the yen were abolished and larger denominations created--initially up to 100 yen coins (higher for banknotes, and later the 500 yen coin added). </p><p><br /></p><p>The 100 yen for example: Several iterations but only one circulates.</p><p>[ATTACH=full]1304834[/ATTACH] </p><p>Silver to boot, so a good reason to pull from circulation.</p><p><br /></p><p>[ATTACH=full]1304838[/ATTACH] </p><p><br /></p><p>Plus a few 'commemoratives' that apparently did circulate some, but mostly were saved.</p><p><br /></p><p>[ATTACH=full]1304839[/ATTACH] </p><p><br /></p><p>Vs. the currently circulating style:</p><p><br /></p><p>[ATTACH=full]1304840[/ATTACH] </p><p>No longer silver.</p><p><br /></p><p>In any case, that would be fun to check. Of all the 'current' (ie current government) 100 yen coins, what is the legal tender status of all those others? </p><p><br /></p><p>Perhaps the biggest question, will they work in vending machines <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />. Probably not given the coins are assessed on size, weight, composition by the machines. I seriously doubt any of the silver (and definitely not the off-sized commemoratives) would function in the machines. That said, I think they refuse the older version of the 500 yen because of the counterfeiting (mostly by fooling the machines), but all versions of the 500 yen are still 'money'. I'm not even going to pretend all those NCLT commemoratives are part of that.[/QUOTE]</p><p><br /></p>
[QUOTE="Stork, post: 7566982, member: 71642"]TL;DR: IF they were even 'monetized' in the first place, they were certainly DE-monetized by the subsequent change in government and abolition of the denomination. But smarter people have to figure out where along the food chain something is monetized. And what about NCLT? LT is in the name :D. Or if something created by an official government Mint under government direction and decree, still counts as monetized even if they never actually left the mint due to external forces. (1933 double eagles come to mind too). ------------------------------------------------------------------------------------------- My original/poorly caffeinated ramblings where I may or may not have been thinking about what you were really asking: If the issuing authority still exists I would expect that the specific coin would be demonetized. I haven't looked into this specifically as this doesn't really apply here. For Japan there are 'modern' coins which are Meiji reformation (1870) to date. Then there are 'current' coins which have been issued by the current governmental entity. And these are broken out in the JNDA by section. Of the 'current' coins there are plenty that are no longer circulating, but absent translating the footnotes in the JNDA or checking the Japan Mint site, I don't know. But you have given me an idea of an interesting thing to try and figure out! In any case, before and during WWII the coins were issued by the Empire of Japan, which what the Dai Nippon/Great Japan refers to as the issuing authority. After the war the translation on the coins is for 'The Government of Japan', and was, IIRC, managed by the US. A transitional period in terms of being a legal entity as Japan was being 'reorganized'. Once the new Japanese constitution was created, the legal issuing authority is now the 'Country of Japan', a constitutional monarchy/parliament system. Any coins previously used are no longer valid, though I don't know if this was an official act of demonetization per se or just a natural consequence. I mean, did that have to say, 'prior coins are not valid as the government no longer exists'? This was a currency reform as well. All denominations under the yen were abolished and larger denominations created--initially up to 100 yen coins (higher for banknotes, and later the 500 yen coin added). The 100 yen for example: Several iterations but only one circulates. [ATTACH=full]1304834[/ATTACH] Silver to boot, so a good reason to pull from circulation. [ATTACH=full]1304838[/ATTACH] Plus a few 'commemoratives' that apparently did circulate some, but mostly were saved. [ATTACH=full]1304839[/ATTACH] Vs. the currently circulating style: [ATTACH=full]1304840[/ATTACH] No longer silver. In any case, that would be fun to check. Of all the 'current' (ie current government) 100 yen coins, what is the legal tender status of all those others? Perhaps the biggest question, will they work in vending machines :D. Probably not given the coins are assessed on size, weight, composition by the machines. I seriously doubt any of the silver (and definitely not the off-sized commemoratives) would function in the machines. That said, I think they refuse the older version of the 500 yen because of the counterfeiting (mostly by fooling the machines), but all versions of the 500 yen are still 'money'. I'm not even going to pretend all those NCLT commemoratives are part of that.[/QUOTE]
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