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Live auction - 530219 - 1 Yen JAPAN 1877 P.020

1 Yen JAPAN  1877 P.020 G
1 Yen JAPAN  1877 P.020 G1 Yen JAPAN  1877 P.020 G
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 1 000 €
Price : 600 €
Maximum bid : 600 €
End of the sale : 18 February 2025 18:50:19
bidders : 3 bidders
Face Value : 1 Yen
Date: (1877)
Period/Provinces/Banks Great Imperial Bank of Japan
Catalogue reference : P.020
Detailed grade description : Correct

Commentary


National Bank Nr.50.
National Bank No. 50

Historical background


JAPAN

Since 1616, the Edo or Tokugawa (shogunate) period, Japan was closed to foreigners, except the Chinese and the Dutch. The country then experienced a great period of stability and development. The cities extend and a middle class emerges with the merchants and large craftsmen. From the visit of Commodore Perry in 1854, Japan evolved very quickly. In ten years, Westerners intervened militarily to force Japan to open up to international trade. Finally, the last shogun Yoshinobu abdicated and Mutsuhito ascended the throne in 1867, it was the beginning of the Meiji era (1868-1912), the modernization and transformation of Japan from a feudal nation to the second economic power on the planet..

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