100 yen coin explained

Country:Japan
Denomination:One hundred yen
Value:100
Unit:Japanese yen
Mass:4.8
Diameter:22.6
Shape:circular
Composition:Copper 75%, nickel 25%
Years Of Minting:December 11, 1957 - present
Obverse:100 Yen Rückseite.jpg
Obverse Design:Sakura blossoms
Obverse Design Date:February 1, 1967
Reverse:100 Yen Vorderseite.jpg
Reverse Design:"100" in Arabic numerals
Reverse Design Date:February 1, 1967

The is a denomination of Japanese yen. These coins were first minted in 1957 using a silver alloy, before the current design was adopted with an alloy change in 1967.[1] It is the second-highest denomination coin in Japan, after the 500 yen coin. The current 100 yen coin is one of two denominations that depict the emperor's rule date in Arabic numerals rather than kanji.

History

Silver yen

100 yen coinage was first authorized in 1951 with the specification that the coins be made of a silver alloy.[2] These were first minted for circulation in 1957 and feature a phoenix on the reverse. The alloy decided upon consisted of 60% silver, 30% copper, and 10% zinc and came at a time when banknotes of the same denomination were already in circulation. The "100 yen" bill hence became a substitute to the coin as the two were allowed to co-circulate.[3] The design of the coin was later changed in 1959 which removed Latin script ("Yen") and changed the reverse side to show a sheaf of rice. To commemorate the summer 1964 Olympics in Tokyo 16 million ounces of silver was used to strike the 80,000,000 coins produced. None of these coins were recorded as ever going into circulation as they were grabbed and stored away as collectors items.[3] Minting 100 yen coins was profitable up into the mid-1960s until the worldwide price for silver bullion began to rise. The Japanese government had planned on producing 800 million silver coins over a 10-year span, but the amount of silver held was insufficient.[4] Silver was dropped from the coinage in 1967, which led to coin hoarding and silver smuggling outside of the country for melting.[5]

Cupronickel yen

The current design of the 100 yen coin debuted in 1967, and features sakura blossoms and the denomination in Japanese. A new alloy of 75% copper and 25% nickel (cupronickel) was decided upon to replace the former silver alloy. It was reported that by 1969 the monetary value in the old silver coins was US$3 an ounce, prompting a "coin retirement" plan by the government.[6] On August 1, 1974, 100-yen notes were withdrawn from circulation, but notes dated after World War II were allowed to retain their legal tender status.[7] The amount of coins produced then decreased from the mid to late 1970s as a possible attempt to control economic inflation.[5] The issuance of the new 100 yen coin has also been cited as a factor in the rapid spread of vending machines during this decade.[8] By the late 1970s into the early 1980s a myth was established that tied the amount of coins produced with the growing popularity of the arcade game industry, particularly the 1978 game Space Invaders. While there were reports of Japanese cities briefly running out of 100 yen coins, arcade operators would have emptied out their machines and taken the money back to the bank, which kept the coins circulating.[9] [10]

Production of the 100 yen coin dropped going into the mid-1980s due to various proposed reasoning. Japan at the time had been in economic decline caused in part by trade tensions with other countries that were competing with Japanese exports.[10] The Japanese government was trying to deflate the yen, and achieve more imports and less exports. Another explanation put forward is the introduction of the 500 yen coin in 1982. The Japanese mint at the time stated that a higher value coin was needed for use in vending machines.[10] In any case mintage figures recovered towards the very end of Emperor Shōwa's reign. No coins were minted in 1989 (year 64) as molds needed to make coins for Akihito had already begun.[11] Denominations of 1, 5, 10, and 500 yen were given priority over 50 and 100 yen coins.[11] By the mid-1990s 100-yen shops were expanding into retail chains; these shops are akin to American dollar stores. Coin production remained unhindered during the early years of Akihito's reign until the millennium, when 500 yen coins were turned out in record numbers. The offset caused low mintage numbers which included only 8,024,000 pieces struck in 2001, a record low for the series.[12] The 100 yen coin continues to be produced as the second-highest denomination of yen coinage.

Designs

ImageMinted[13] DiameterWeightComposition Design
1957–195822.6 mm4.8g60% silver, 30% copper, 10% zincPhoenix
1959–196660% silver, 30% copper, 10% zincSheaf of rice
1967–75% copper, 25% nickelSakura

Circulation figures

Shōwa

The following are circulation dates which cover Emperor Hirohito's reign. The dates below correspond with the 32nd to the 64th year (last) of his reign. One hundred yen coins had three main different designs, but there was no overlap in mintage between them. When these coins were first made they used Kanji script to represent the date. The current one-hundred yen coin dates to 1967 (year 42) when Arabic numerals were used to reflect the emperor's year of reign (date). Coins for this period will all begin with the Japanese symbol 昭和 (Shōwa).

"Emperors name" → "Number representing year of reign" → "Year" (Ex: 昭和 → 53 → 年).

Year of reignJapanese dateGregorian dateMintage[14]
32nd三十二195730,000,000
33rd三十三195870,000,000
34th三十四1959110,000,000
35th三十五196050,000,000
36th三十六196115,000,000
38th三十八196345,000,000
39th三十九 196410,000,000
40th四十196562,500,000
41st四十一196697,500,000
42ndN/A1967432,200,000
43rd1968471,000,000
44th1969323,700,000
45th1970237,100,000
46th1971481,050,000
47th1972468,950,000
48th1973680,000,000
49th1974660,000,000
50th1975437,160,000
51st1976322,840,000
52nd1977440,000,000
53rd1978292,000,000
54th1979382,000,000
55th1980588,000,000
56th1981348,000,000
57th1982110,000,000
58th198350,000,000
59th198441,850,000
60th198558,150,000
61st198699,960,000
62nd1987193,775,000
63rd1988363,112,000

Heisei

The following are circulation dates during the reign of Emperor Akihito. who was crowned in 1989. The dates below correspond with the 1st to the 31st year (last) of his reign. First year of reign coins are marked with a 元 symbol (first) as a one-year type. Coins for this period all use Arabic numerals for a date, and begin with the Japanese symbol 平成 (Heisei).

"Emperors name" → "Number representing year of reign" → "Year" (Ex: 平成 → 16 → 年).

Year of reignGregorian dateMintage
1st (元)1989369,000,000
2nd1990444,953,000
3rd1991375,120,000
4th1992211,130,000
5th199382,240,000
6th199481,767,000
7th199592,874,000
8th1996237,213,000
9th1997272,086,000
10th1998252,612,000
11th1999179,120,000
12th2000172,026,000
13th20018,024,000
14th200210,667,000
15th200398,406,000
16th2004204,903,000
17th2005300,029,000
18th2006216,594,000
19th2007129,904,000
20th200893,811,000
21st2009115,003,000
22nd201067,905,000
23rd2011178,936,000
24th2012402,211,000
25th2013608,892,000
26th2014445,013,000
27th2015410,004,000
28th2016461,064,000
29th2017518,927,000
30th2018567,960,000
31st2019302,006,000

Reiwa

The following are circulation dates in the reign of the current Emperor. Naruhito's accession to the Crysanthemum Throne took place on May 1, 2019, and he was formally enthroned on October 22, 2019. Coins for this period all begin with the Japanese symbol 令和 (Reiwa). The inaugural year coin (2019) is marked 元 (first).[15]

"Emperors name" → "Number representing year of reign" → "Year" (Ex: 令和 → 3 → 年).

Year of reignGregorian dateMintage
1st (元)201958,614,000
2nd2020453,428,000
3rd2021366,133,000
4th2022293,274,000
5th2023192,927,000
6th2024TBD

Commemoratives

ImageJapanese dateGregorian dateMintageReason
39
Shōwa
196480,000,000[16] 1964 Summer Olympics[17]
45
Shōwa
197040,000,000[18] Expo 70 in Osaka
47
Shōwa
197230,000,000[19] 1972 Winter Olympics in Sapporo
50
Shōwa
1975120,000,000[20] Expo '75 in Okinawa
51
Shōwa
197670,000,000[21] Golden Jubilee of Emperor Hirohito
27
Heisei
20152,324,00050th Anniversary of the inauguration of the Tōkaidō Shinkansen train service.[22]
28
Heisei
20162,324,00050th Anniversary of the inauguration of the Tōkaidō Shinkansen train service.
30
Heisei
2018Unknown2020 Tokyo Summer Olympics (First Issue)[23] [24]
30
Heisei
2018Unknown2020 Tokyo Summer Paralympics (First Issue)
31
Heisei
201919,740,0002020 Tokyo Summer Olympics (Second Issue)[25]
31
Heisei
20193,948,0002020 Tokyo Summer Paralympics (Second Issue)
元 (1)
Reiwa
201911,844,0002020 Tokyo Summer Olympics (Third Issue)[26]
元 (1)
Reiwa
20197,896,0002020 Tokyo Summer Paralympics (Third Issue)
2
Reiwa
202011,844,0002020 Tokyo Summer Olympics (Fourth Issue)
2
Reiwa
20207,896,0002020 Tokyo Summer Paralympics (Fourth Issue)

Notes and References

  1. Web site: Operations Coins Currently Minted: Japan Mint . Japan Mint . 20 July 2010 . dead . https://web.archive.org/web/20091018050642/http://www.mint.go.jp/eng/operations/coin/index.html . 18 October 2009 .
  2. Book: Engineering and Mining Journal. Western & Company. 168. 1–6. 1967. 104.
  3. Book: Congressional Record is the official record of the proceedings and debates of the United States Congress. U.S. Government Printing Office. 1965. 111. 16556.
  4. Book: The History and Collection Guide of the New Revised Currency Notebook and Japanese Coins. Reishi Aoyama. Bonanza. 1982.
  5. Book: History of Digital Games: Developments in Art, Design and Interaction. Andrew Williams. CRC Press. 2017. 75. 9781317503811.
  6. Book: Economic Analysis of the Silver Industry. National Technical Information Service. 1969. 6–19.
  7. Web site: Banknotes in Use but No Longer Issued. National Printing Bureau. September 2, 2019.
  8. Web site: 平成2年 国民生活白書 第II部 技術と生活 第1章 第2節 (10). Economic Planning Agency. Cabinet Office. ja. April 9, 2020.
  9. Book: What You See Is What You Hear: Creativity and Communication in Audiovisual Texts. Dario Martinelli. Springer Natur. 2020. 61. 9783030325947.
  10. Fox . Mark . 2012. Space Invaders targets coins . World Coin News . 39 . 2 . 35–37 . Krause Publications . April 8, 2020.
  11. Web site: Rare value? A flood of applications for "2019" currency! Surprising fact of "Showa 64" heard from the Mint. FNN. ja. April 14, 2020.
  12. Web site: 13, Heisei 1 yen a year, 50 yen, 100 yen rare thing three kinds are unused. Rakuten. April 10, 2020.
  13. Web site: その他有効な銀行券・貨幣. Ministry of Finance. Japanese. July 18, 2023.
  14. Web site: 年銘別貨幣製造枚数【令和5年銘】. Japan Mint. Japanese. February 16, 2024.
  15. Web site: Japanese coins engraved with new era name 'Reiwa' likely to debut after summer. Shinpei Ide. Mainichi Shimbun. April 3, 2019. April 6, 2020.
  16. Web site: Japan 100 Yen Y# 79 Yr.39/1964. Numismatic Guaranty Corporation. April 1, 2019.
  17. Web site: Commemorative Coins List. Ministry of Finance (Japan). April 6, 2020.
  18. Web site: Japan 100 Yen Y# 83 Yr.45(1970) . Numismatic Guaranty Corporation. April 1, 2019.
  19. Web site: Japan 100 Yen Y# 84 Yr.47/1972. Numismatic Guaranty Corporation. April 1, 2019.
  20. Web site: Japan 100 Yen Y# 85 Yr.50(1975). Numismatic Guaranty Corporation. April 1, 2019.
  21. Web site: Japan 100 Yen Y# 86 Yr.51(1976). Numismatic Guaranty Corporation. April 1, 2019.
  22. https://www.mint.go.jp/coin/shinkansen/shinkansen_tokaido.html The Tōkaidō Shinkansen commemorative coin series (Tōkaidō Shinkansen N700A)
  23. Web site: Designs of The Olympic and Paralympic Games Tokyo 2020 Commemorative Coin Program (First Issue). Ministry of Finance (Japan). April 6, 2020.
  24. Web site: Outline of the 100-yen Clad Coins. Ministry of Finance (Japan). April 6, 2020.
  25. Web site: Designs of The Olympic and Paralympic Games Tokyo 2020 Commemorative Coin Program (Second Issue). Ministry of Finance (Japan). April 6, 2020.
  26. Web site: Outline of the 100-yen Clad Coins (third issue). Ministry of Finance (Japan). April 6, 2020.