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<p>[QUOTE=&quot;Parthicus, post: 8449140, member: 81887&quot;][ATTACH=full]1497489[/ATTACH] </p><p>Japan.&nbsp; AR 1 yen.&nbsp; Meiji 16 (1883 AD).&nbsp; Multiple Chinese merchant or banker chopmarks on obverse and reverse, plus on reverse character &quot;gin&quot; (silver) in circle to left of &quot;ichi&quot; (one) of inscription.&nbsp; This coin: Steve Album Internet-only Auction 16, lot 862 (2022).</p><p><br /></p><p>In 1897, Japan switched from a bimetallic (silver and gold) monetary standard to a gold-only standard, based around a revalued gold yen.&nbsp; As a result, old 1 yen coins were withdrawn from circulation.&nbsp; Some were melted, while others received a stamp of &quot;gin&quot; (silver) to prevent re-exchange for new gold yen (at a profit) and were exported to Korea and China as bullion.&nbsp; In China, these coins would usually end up with merchant or banker chopmarks to indicate that the piece was good silver and acceptable in trade.&nbsp; This is my first chopmarked coin in my collection, I like that it has enough chopmarks to indicate significant circulation but not so many that they destroy the design of the undertype.&nbsp; Please share your chopmarked coins, or whatever else is relevant.[/QUOTE]</p><p><br /></p>

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