Cash coins were introduced to Japan in the century inspired by the Chinese Kaigen Tsūhō (開元通寳) cash coins from the Tang dynasty. Chinese cash coins also circulated in other countries and inspired similar currencies such as the Korean mun, Ryukyuan mon, Vietnamese văn, while they also circulated as far south as Indonesia. Because these currencies were so similar cash coins around the Far East were interchangeable and Japanese cash coins circulated in other countries while foreign cash coins also circulated in Japan.[1][2]
The first Japanese cash coins were the Wadōkaichin (和同開珎) which were produced from 29 August 708.[3][4][5] In 760 Japanese currency was reformed and gold and silver cash coins were introduced, however by the end of the 10th century the value of Japanese coinage had severely fallen combined with a weak central government led the Japanese to return to barter. From the 12th century onwards the Japanese started importing Chinese currency again even while the Southern Song dynasty banned the export of its coinage, while the import of Chinese cash coins surged again during the Ming dynasty era when large amounts of Ming Chinese cash coins were imported.
The Japanese started locally imitating Chinese cash coins, which were known as Shichūsen (私鋳銭). But the quality of these cash coins varied severely depending on the mint. As many cash coins circulated in the market for a long time their quality diminished over time becoming known as Bitasen (鐚銭, "bad metal money").[6][7] After the Tokugawa shogunate banned Bitasen in 1608 they started producing their own coinage and after 1859 provincial authorities were allowed to mint their own coinages. Japanese cash coins were officially demonetised in 1891 after officially circulating as a division of the Japanese yen with an exchange rate of 10.000 mon for 1 yen.[8][9][10]
Fuhonsen
editThe first Japanese embassy to China is recorded to have been sent in 630, following with Japan, who adopted numerous Chinese cultural practices.[11] The importance of metallic currency appeared to Japanese nobles, probably leading to some coin minting at the end of the 7th century,[12] such as the Fuhonsen coinage (富本銭), discovered in 1998 through archaeological research in the area of Nara.[11] An entry of the Nihon Shoki dated April 15, 683 mentions: "From now on, copper coins should be used, but silver coins should not be used", which is thought to order the adoption of the Fuhonsen copper coins.[11] The first official cash coinage was struck in 708.
Inscription | Kanji | Image |
---|---|---|
Fuhon | 富本 |
Kōchōsen
editEarly Kōchōsen
editJapan's first formal currency system was the Kōchōsen (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the Wadōkaichin.[12][13] It was first minted in 708 CE on order of Empress Genmei, Japan's 43rd Imperial ruler.[12] "Wadōkaichin" is the reading of the four characters printed on the coin, and is thought to be composed of the era name Wadō (和銅, "Japanese copper"), which could alternatively mean "happiness", and "Kaichin", thought to be related to "Currency".
Inscription | Kyūjitai | Shinjitai | Nominal value | Metal | Image |
---|---|---|---|---|---|
Wadō Kaichin | 和同開珎 | 和同開珎 | Copper, Silver | ||
Mannen Tsūhō | 萬年通寳 | 万年通宝 | 10 Wadōkaichin cash coins | Copper | |
Taihei Genpō | 大平元寶 | 大平元宝 | 10 copper coins | Silver | |
Kaiki Shoho | 開基勝寶 | 開基勝宝 | 10 silver coins | Gold |
Last Kōchōsen
editThe Kōchōsen Japanese system of coinage became strongly debased, with its metallic content and value decreasing. By the middle of the 9th century, the value of a coin in rice had fallen to 1/150th of its value of the early 8th century.[11] By the end of the 10th century, compounded with weaknesses in the political system, this led to the abandonment of the national currency, with the return to rice as a currency medium. The last official Japanese coin emission occurred in 958, with very low quality coins called Kengen Taihō (乾元大宝), which soon fell into disuse.[11]
The last Kōchōsen coins produced after the Wadōkaichin was debased include:[14]
Inscription | Kyūjitai | Shinjitai | Year of introduction (Julian calendar) |
Image |
---|---|---|---|---|
Jingū Kaihō | 神功開寳 | 神功開宝 | 765 | |
Ryūhei Eihō | 隆平永寳 | 隆平永宝 | 796 | |
Fuju Shinpō | 富壽神寳 | 富寿神宝 | 818 | |
Jōwa Shōhō | 承和昌寳 | 承和昌宝 | 835 | |
Chōnen Taihō | 長年大寳 | 長年大宝 | 848 | |
Jōeki Shinpō | 饒益神寳 | 饒益神宝 | 859 | |
Jōgan Eihō | 貞觀永寳 | 貞観永宝 | 870 | |
Kanpyō Taihō | 寛平大寳 | 寛平大宝 | 890 | |
Engi Tsūhō | 延喜通寳 | 延喜通宝 | 907 | |
Kengen Taihō | 乹元大寳 | 乾元大宝 | 958 |
Toraisen, Shichūsen, and Bitasen
editList of Toraisen, Shichūsen, and Bitasen cash coins:[15]
Inscription | Kyūjitai | Shinjitai | Image |
---|---|---|---|
Kōbu Tsūhō | 洪武通寶 | 洪武通宝 | |
Eiraku Tsūhō | 永樂通寳 | 永楽通宝 | |
Katei Tsūhō | 嘉靖通寶 | 嘉靖通宝 | |
Shōfu Tsūhō | 祥符通寶 | 祥符通宝 | |
Heian Tsūhō | 平安通寶 | 平安通宝 | |
Genyū Tsūhō | 元祐通寶 | 元祐通宝 |
List of Bitasen cash coins (Katou bitasen (加刀鐚銭)) that originated in China (these were recut from circulating Chinese coinage).[6]
Inscription | Kyūjitai | Shinjitai | Image |
---|---|---|---|
Junpei Genpō | 順平元寳 | 順平元宝 | |
Genpō Tsūhō | 元豊通寶 | 元豊通宝 | |
Genfu Tsūhō | 元符通寶 | 元符通宝 | |
Shidō Genpō | 至道元寳 | 至道元宝 |
Edo period
editList of cash coins issued by the Tokugawa shogunate
editDuring the history of the Japanese mon under the Tokugawa shogunate, many different cash coins with different obverse inscriptions were cast, the main cash coins cast by the central government were:[16]
Inscription | Kyūjitai | Shinjitai | Year of introduction (Gregorian calendar) |
Nengō (Japanese calendar) |
Denomination(s) | Image |
---|---|---|---|---|---|---|
Keichō Tsūhō[17] | 慶長通寳 | 慶長通宝 | 1606 | Keichō 11 | 1 mon | |
Genna Tsūhō[18] | 元和通寳 | 元和通宝 | 1616 | Genna 2 | 1 mon | |
Kan'ei Tsūhō[19][20] | 寛永通寳 | 寛永通宝 | 1626 (1 mon)[a] 1768 (4 mon) |
Kan'ei 5 (1 mon) Meiwa 5 (4 mon) |
1 mon 4 mon |
|
Hōei Tsūhō[21] | 寳永通寳 | 宝永通宝 | 1708 | Hōei 5 | 10 mon | |
Tenpō Tsūhō[22][23] | 天保通寳 | 天保通宝 | 1835 | Tenpō 6 | 100 mon | |
Bunkyū Ēhō[24][25] | 文久永寳 | 文久永宝 | 1863 | Bunkyū 3 | 4 mon |
List of Nagasaki trade coins
editThe following coins were minted in the city of Nagasaki for export to other countries:[26][27][28]
Inscription (Kyūjitai) |
Inscription (Shinjitai) |
Font | Japanese (Romaji) |
Mandarin (Hànyǔ Pīnyīn) |
Vietnamese (chữ Quốc ngữ) |
Image[b] |
---|---|---|---|---|---|---|
元豊通寳 | 元豊通宝 | Clerical script, Semi-cursive script, Seal script | Genpō Tsūhō | Yuán Fēng Tōng Bǎo | Nguyên Phong Thông Bảo | |
天聖元寳 | 天聖元宝 | Regular script | Tensei Genpō | Tiān Shèng Yuán Bǎo | Thiên Thánh Nguyên Bảo | |
祥符元寳 | 祥符元宝 | Regular script | Shofu Genpō | Xiáng Fú Yuán Bǎo | Tường Phù Nguyên Bảo | |
嘉祐通寳 | 嘉祐通宝 | Regular script | Kayū Tsūhō | Jiā Yòu Tōng Bǎo | Gia Hựu Thông Bảo | |
熈寧元寳 | 煕寧元宝 | Regular script, Seal script | Kinei Genpō | Xī Níng Yuán Bǎo | Hi Ninh Nguyên Bảo | |
紹聖元寳 | 紹聖元宝 | Seal script | Shōsei Genpō | Shào Shèng Yuán Bǎo | Thiệu Thánh Nguyên Bảo | |
治平元寳 | 治平元宝 | Seal script | Jihei Genpō | Zhì Píng Yuán Bǎo | Trị Bình Nguyên Bảo |
Nagasaki trade coins notably bear the inscription of many Song dynasty coins because those coins were already widespread in circulation on the Southeast Asian market making the Nagasaki trade coins more familiar for its target demographic.[29]
List of local cash coins cast during the Bakumatsu
editMany Japanese domains produced their own currency which happened chaotically, so that the nation's money supply expanded by 2.5 times between 1859 and 1869, leading to crumbling money values and soaring prices.[30][31][26][32][11]
These coins were often produced with the name of the domain or province on them, the mon coins produced by domains are:
Inscription | Kyūjitai | Shinjitai | Domain | Image |
---|---|---|---|---|
Sendai Tsūhō | 仙臺通寳 | 仙台通宝 | Sendai | |
Hosokura tō hyaku | 細倉當百 | 細倉当百 | Sendai | |
Isawa Tsūhō | 膽澤通寳 | 胆沢通宝 | Sendai | |
Tetsuzan Tsūhō | 鐵山通寳 | 鉄山通宝 | Morioka | |
Hakodate Tsūhō | 箱館通寳 | 箱館通宝 | Matsumae | |
Dōzan Tsūhō | 銅山通寳 | 銅山通宝 | Kubota | |
Ashū Tsūhō | 阿州通寳 | 阿州通宝 | Tokushima | |
Tosa Tsūhō | 土佐通寳 | 土佐通宝 | Tosa | |
Chikuzen Tsūhō (100 mon) | 筑前通寳 - 當百 | 筑前通宝 - 当百 | Fukuoka | |
Ryūkyū Tsūhō (100 mon) | 琉球通寳 - 當百 | 琉球通宝 - 当百 | Satsuma | |
Ryūkyū Tsūhō (½ Shu) | 琉球通寳 - 半朱 | 琉球通宝 - 半朱 | Satsuma |
See also
editNotes
edit- ^ The Kan'ei Tsūhō was first minted in 1626 (Kan'ei 5) in the Mito domain on a small scale, but the Tokugawa government started mass producing the coin in 1636 (Kan'ei 15).
- ^ Click to enlarge
References
edit- ^ Cocolog 雑記@史華堂 「中山通宝」について. (in Japanese) Published: 8 February 2013 Retrieved: 9 June 2017.
- ^ (日本銀行), Nippon/Nihon Ginkō (1973). "p. 105". Nihon Ginkou Chousakyoku ed., Zuroku Nihon no kahei, vol.1 (Tokyo: Touyou Keizai Shinpousha, 1973). Tokyo: Nihon Ginkō. Chōsakyoku. / Bank of Japan, Economic Research Department.
- ^ Titsingh, Isaac (1834), Annales des empereurs du Japon (in French), pp. 63–5.
- ^ Brown, Delmer et al. (1979). Gukanshō, p. 271,
- ^ Varley, H. Paul. (1980). Jinnō Shōtōki. p. 140.
- ^ a b "Bitasen 鐚銭". Luke Roberts at the Department of History – University of California at Santa Barbara. 24 October 2003. Retrieved 26 June 2017.
- ^ Masuo Tomifusa, Honpou bitasen zufu, (Anasendou 1982). (in Japanese)
- ^ Aila de la Rive, MoneyMuseum Money in the Land of the Rising Sun I: The Copper Coins of Ancient Japan. Retrieved: 26 June 2017.
- ^ Droppers, Garrett (January 1898). "Monetary Changes in Japan". The Quarterly Journal of Economics. 12 (2): 153–185. doi:10.2307/1882117. JSTOR 1882117.
- ^ Việt Touch VIET NAM COINS & PAPER NOTES. AUTHOR: Thuan D. Luc COLLECTION: Bao Tung Nguyen VIET NAM NUMISMATICS © Chi D. Nguyen Retrieved: 24 June 2017.
- ^ a b c d e f Japan Currency Museum (日本貨幣博物館) permanent exhibit
- ^ a b c The Cambridge history of Japan: Heian Japan John Whitney Hall, Donald H. (Donald Howard) Shively, William H. McCullough p.434
- ^ Japan Mint – History of Japanese coins. Retrieved: 26 June 2017.
- ^ Sakuraki, Shin'ichi; Dr. Helen Wang; Peter Kornicki; Nobuhisa Furuta; Timon Screech; Joe Cribb (2010). Catalogue of the Japanese Coin Collection (pre-Meiji) at the British Museum with special reference to Kutsuki Masatsuna (PDF). British Museum. ISBN 978-0-86159-174-9. ISSN 1747-3640. Archived from the original (PDF) on 5 April 2018. Retrieved 11 April 2018.
- ^ Masuo Tomifusa, Honpou bitasen zufu, (Anasendou 1982). (in Japanese).
- ^ Japan Numismatic Dealers Association "The Catalog of Japanese Coins and Banknotes" Archived 2017-10-17 at the Wayback Machine ISBN 4930810175 (in Japanese).
- ^ 瀧澤武雄, 西脇康 「日本史小百科「貨幣」」 東京堂出版、1999年 (in Japanese)
- ^ 「日本の貨幣-収集の手引き-」 日本貨幣商協同組合、1998年 (in Japanese)
- ^ "Basics of distinguishing Kan'ei coins". Luke Roberts at the Department of History – University of California at Santa Barbara. 24 October 2003. Retrieved 16 June 2017.
- ^ Shizuoka Izumika comp., Anasen Nyuumon Kan'ei Tsuuhou: Shin Kan'ei no bu (Shoshinkan: Tokyo, 1997).
- ^ TAKIZAWA Takeo, (1996) Nihon no Kahei no Rekishi (History of Japanese Currencies) Tokyo, Yoshikawa Kobunkan. (Takizawa p.242).
- ^ "Guide for attribution of Tenpo Tsuho (1835–1871) 天保通寶". Heinz Gratzer & Vladimir Balyaev (Chinese Coinage Web Site). 11 October 2003. Retrieved 10 June 2017.
- ^ XIV International Economic History Congress, Helsinki 2006 Session 106 Too Commercialised To Synchronize Currencies: Monetary Peasant Economy in Late Imperial China in Comparison with Contemporary Japan by Akinobu Kuroda (University of Tokyo) Retrieved: 11 June 2017
- ^ Kosenkan List of East-Asian & Vietnamese mon coins. (in Japanese) Published: 30 April 1999 Last updated: 15 September 2008. Retrieved: 16 June 2017.
- ^ "4 mon Kan'ei and Bunkyuu coins". Luke Roberts at the Department of History – University of California at Santa Barbara. 24 October 2003. Retrieved 16 June 2017.
- ^ a b 瀧澤武雄, 西脇康 「日本史小百科「貨幣」」 東京堂出版、1999年 (in Japanese).
- ^ 上隆三 「江戸の貨幣物語」 東洋経済新報社、1996年 (in Japanese).
- ^ Charms.ru Coincidences of Vietnam and China cash coins legends. Francis Ng, People's Republic of China, Thuan D. Luc, United States, and Vladimir A. Belyaev, Russia March–June, 1999 Retrieved: 17 June 2017.
- ^ Nagasaki bôekisen was unearthed in Vietnam in 1997. Sakuragi Shinichi, "Shutsudo senka kara mita chûsei kahei ryûtsû", 73. (in Japanese)
- ^ 「図録 日本の貨幣・全11巻」 東洋経済新報社、1972 – 1976年 (in Japanese).
- ^ 「貨幣手帳・日本コインの歴史と収集ガイド」 ボナンザ、1982年 (in Japanese).
- ^ "Ryuukyuuan coins". Luke Roberts at the Department of History – University of California at Santa Barbara. 24 October 2003. Archived from the original on 4 August 2017. Retrieved 19 June 2017.
Sources
edit- Early Japanese Coins. David Hartill. ISBN 978-0-7552-1365-8, Published: October 6, 2011.