That feature on the 500 yen coins is a latent image, and that is used on quite a few coins. (Spain introduced it in 1993, for the 500 peseta coins.) Right, the "old" £1 was counterfeited a lot. In the Netherlands some people even established the European Central Mint for that purpose. Between 2006, maybe even earlier, and 2014 the ECM made about 4 million "unauthorized" pound coins, maybe even more. But that is an issue with every coin and note that has a value which makes producing counterfeits attractive ... Christian
I haven't seen anything about it...wonder if they "bit the big one" on all those supposed fake coins?
Exactly! My google perusal never found 'an answer'. I spent at least 2 hours looking once Either way they had an embarrassing situation, so TOTALLY GUESSING I'd say there was a settlement with the affected dealer...with a confidentiality clause. Utter speculation but that seems like a plausible reason for no follow up articles (like 'dealer declares bankruptcy' or 'arrests made' or even 'mystery remains unsolved'). On the plus side, I finally acquired one of the MS versions at the Baltimore show. It's in a slab so I'm going with 'authentic'. As for the 500 yen, that is a pretty cool coin. I was lucky enough to go to the mint at Osaka a few years ago and there was a really neat display showing the steps in the production. http://www.starcityhomer.com/500-yen.html Sadly I didn't take more/better pictures but at the time I had no idea I'd ever make a webpage... Anyway, even with the efforts to defeat counterfeiters it's still a recurring problem given the high face value. https://japantoday.com/category/features/kuchikomi/counterfeit-500-yen-coins-circulating-in-tokai
This one from 1992-1995 is silver. Not sure why NGC's page doesn't show that it's silver, or at least its silver melt value though.
Why would people hoard them ? There are hundreds of millions of ounces of silver for sale right now at $18 that no one wants. So why hoard a $20 silver coin when you could spend it, buy an ounce of silver and get $1.50 or $2 back ? Of course this is the silver crowd ur talking about so ur probably right.
What the govt should do is circulate a $25 coin with 1/2 ounce of silver which I'm guessing would cost about $15 in total production cost. Let the silver crowd hoard away and just keep making more. The silver crowd would surely see the introduction of circulating silver as proof that silvers horrible oppression is almost over. Let the silver crowd hoard 1_trillion of these coins and use the profit to eliminate the debt. I really want think this should be considered. Yes a small percentage of the silver crowd will realize they could take the $25 coin to their LCS and get 1.5 ounces of silver thus getting triple the silver so when silver goes to $600 they will have $900 instead of $300 but most will hoard away. Then cry about how the manipulators and evil banksters cheated when the POS keeps tanking. Yeah it always has to be some nefarious bad guy, it just couldn't be that silver is just way too easy and cheap to mine.
My local theater. Well not $5, they're $6, but the Sunday afternoon showing is $4 and senior citizen discount is $4 at other times. (And yes they show first run , opening night films.)