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50 Sen Coin
The was a Japanese coin worth half of a Japanese yen, as 100 ''sen'' equalled 1 yen. These coins circulated from the late 19th century to the early 1950s, when Japan adopted a single currency unit and this coin was demonetized. History Meiji coinage (1870–1912) Fifty sen coins were first struck towards the end of 1870 (year 3 of Meiji) from a newly established mint at Osaka. These coins were likely not placed in circulation immediately, as they were officially adopted with twelve other denominations by the Meiji government in an act signed on June 27, 1871. This new coinage gave Japan a western style decimal system based on units of yen, which were broken down into subsidiary currency of sen, and rin. Fifty sen coins dated 1870 (year 3) were initially authorized to be struck in .800 silver, weighs 193 grains (12.51g), and has a 31.75mm diameter (1.25 in). The first design used is called , which had its features engraved by a commission of Japanese artists. This design fea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Ringgit
The Malaysian ringgit (; plural: ringgit; symbol: RM; currency code: MYR; Malay name: ''Ringgit Malaysia''; formerly the Malaysian dollar) is the currency of Malaysia. Issued by the Central Bank of Malaysia, it is divided into 100 cents ( Malay: ). Etymology The word ''ringgit'' is an obsolete term for "jagged" in the Malay language. The word was originally used to refer to serrated edges. The first European coins to circulate widely in the region were Spanish " pieces of eight" or "cob", their crude appearance resembling stones, hence the word jagged. The availability and circulation of this Spanish currency were due to the Spanish controlling nearby Philippines. An early printed source, the ''Dictionary of the Malayan Language'' from 1812 had already referred to the ringgit as a unit of money. In modern usage, ''ringgit'' is used almost solely for the currency. Due to the common heritage of the three modern currencies, the Singapore dollar and the Brunei dollar are a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Currency
Fiat money is a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1976 by the Jamaica Accords, the major currencies in the world are fiat money. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people as a means of payment for liabilities. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emperor Taishō
, posthumously honored as , was the 123rd emperor of Japan according to the traditional order of succession, reigning from 1912 until his death in 1926. His reign, known as the Taishō era, was characterized by a liberal and democratic shift in domestic political power, known as Taishō Democracy. Yoshihito also oversaw Japan during World War I, Japan's participation in the World War I, First World War from 1914 to 1918, the Spanish flu, Spanish flu pandemic, and the 1923 Great Kantō earthquake, Great Kantō earthquake of 1923. Born to Emperor Meiji and his concubine Yanagiwara Naruko, Yoshihito was proclaimed crown prince and heir apparent in 1888, his two older siblings having died in infancy. He suffered various health problems as a child, including meningitis soon after his birth. In 1900, he married Empress Teimei, Sadako Kujō, a member of the Kujō family of the Fujiwara clan; the couple had four sons. In 1912, Yoshihito became emperor upon the death of his father, but as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It is headquartered in Nihonbashi, Chūō, Tokyo, Chūō, Tokyo. The said bank is a corporate entity independent of the Government of Japan, Japanese government, and while it is not an Administrative organisation, administrative organisation of the state, its monetary policy falls within the scope of administration. From a Macroeconomics, macroeconomic perspective, long-term stability of prices is deemed crucial. However, the political sector tends to favour short-term measures. Thus, the bank's autonomy and independence are granted from the standpoint of ensuring long-term public welfare and political neutrality. History Background Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''Scrip of Edo period Japan, ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heritage Auctions
Heritage Auctions is an American multi-national auction house based in Dallas, Texas. Founded in 1976, Heritage is an auctioneer of numismatic collections, comics, fine art, books, luxury accessories, real estate, and memorabilia from film, music, history, and sports. History In 1982, Heritage Auctions became an equal partnership between two collectors, Steve Ivy and Jim Halperin. In 1967, Ivy dropped out of the University of Texas at Austin to form Steve Ivy Rare Coin Co. in Dallas, Texas. In 1971, while still a freshman at Harvard University, Halperin established New England Rare Coin Galleries. He would later drop out of school. In the same vein, Ivy, the one who initially formed Heritage Auctions in Dallas in 1976, transitioned from his earlier, smaller enterprise. These two individuals frequently crossed paths at industry trade shows and auctions. In 1982, Halperin sold his Boston-based business and relocated to Dallas to join Ivy. Alongside him, he brought Marc Emory, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proof Coinage
Proof coinage refers to special early samples of a coin issue, historically made for checking the die (manufacturing), dies (as in demonstrating that something is true) and for archival purposes. In modern times, proofs are often struck in greater numbers, especially for coin collecting, coin collectors (numismatists). Nearly all countries have issued proof coinage. Preparation of a proof striking usually involved polishing of the dies. They can usually be distinguished from normal circulation coins by their sharper rims and design, as well as much smoother "fields"— the blank areas not part of the coin's design. The dies for making modern proof coins are often treated with chemicals to make certain parts of the design take on a frosted appearance, with the polished fields taking on a mirror finish. Several other methods have been used in the past to achieve this effect, including sand blasting the dies, and matte proofs. Proof coins of the early 19th century even appear to b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Japan)
The is one of the cabinet-level ministries of the Japanese government. The ministry was named the until 2001. The Ministry is headed by the , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister. The ministry's history dates back to the 6th century in ancient Japan. After the Meiji Restoration, the Ministry of Finance was established. The ministry's power over banking supervision was split to the newly established Financial Services Agency in 1990s. Overview The Ministry originated in the 6th century, when the was established as a state treasury in ancient Japan. When a modern system of government was introduced after the Meiji Restoration, the was established as a government body in charge of public finance and monetary affairs. It is said that new ministry employees are subtly reminded that the Ōkura-shō predates by some 1269 years when the new Constitution was imposed on the nation by the U.S. occupation forces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Mint
The United States Mint is a bureau of the United States Department of the Treasury, Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. The U.S. Mint is one of two U.S. agencies that manufactures physical money. The other is the Bureau of Engraving and Printing, which prints paper currency. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia Mint, Philadelphia, Denver Mint, Denver, San Francisco Mint, San Francisco, and West Point Mint, West Point. History The first authorization for the establishment of a mint in the United States was in a resolution of the Congress of the Confederation of February 21, 1782, and the first general-circulation coin of the United States, the Fugio Cent, Fugio cent, was p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matsukata Masayoshi
Prince was a Japanese politician who served as Prime Minister of Japan from 1891 to 1892, and from 1896 to 1898. Born in the Satsuma Domain to a samurai family, Matsukata served as finance minister for 15 of the 20 years between 1881 and 1901, led the creation of the Bank of Japan in 1882, and had significant influence in the financial and economic articles of the Meiji Constitution of 1889. He became a ''genrō'', or senior statesman who dictated policy in the later Meiji era, and was given the title of prince in 1922. Early life education Matsukata Masayoshi was born on 25 February 1835, in Arata, Kagoshima District, Kagoshima, Kagoshima, Satsuma Province (present-day Shimoarata, Kagoshima, Kagoshima Prefecture), the fourth son of Matsukata Masayasu and his wife Kesaku. His family was of the ''samurai'' warrior nobility class. Both his parents died when he was 13 years old. At the age of 13, he entered the ''Zoshikan'', the Satsuma domain's Confucianism, Confucian academy, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Reed (naval Architect)
Sir Edward James Reed, Knight Commander of the Bath, KCB, Fellow of the Royal Society, FRS (20 September 1830 – 30 November 1906) was a British naval architecture, naval architect, author, politician, and railroad magnate. He was the Director of Naval Construction, Chief Constructor of the Royal Navy from 1863 until 1870. He was a Liberal Party (UK), Liberal politician who sat in the House of Commons of the United Kingdom, House of Commons from 1874 to 1906. Early life Edward Reed was born in Sheerness, Kent and was the son of John and Elizabeth Reed. He was a naval apprentice at Sheerness and subsequently entered the School of Mathematics and Naval Construction at Portsmouth. In 1851 he married Rosetta, the sister of Nathaniel Barnaby. Barnaby was at that time a fellow student; he would subsequently succeed Reed as Chief Constructor. In 1852 he entered employment at Sheerness Dockyard, but resigned after a disagreement with the management. He then worked in journalism, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver Standard
The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians 3000 BC until 1873. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into existence in conjunction with the Spanish pieces of eight. These silver dollar coins were an international trading currency for nearly four hundred years. The move away from the silver to the gold standard began in the 18th century when Great Britain set the gold guinea’s price in silver higher than international prices, on the recommendation of Sir Isaac Newton, thus attracting gold and putting Great Britain on a de facto gold standard. Great Britain formalised the gold standard in 1821 and introduced it to its colonies afterwards. Imperial Germany’s move to the gold standard in 1873 trigger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
