1 rin coin

One Rin
Japan
Value ​ 1⁄1000 Japanese Yen
Mass 0.9 g
Diameter 15.75 mm
Edge Smooth
Shape Circular
Composition 98% Copper
2% Tin and Zinc
Years of minting 1873–1884; 1892
Obverse
Design Chrysanthemum crest above "1 Rin", legends separated by dots above.
Design date 1873
Reverse
Design Value and denomination
Design date 1873

The one rin coin (一厘銅貨) was a Japanese coin worth one one-thousandth of a Japanese yen, as 1 rin equalled ​ 1⁄10 sen, and 100 sen equaled 1 yen.[1] While not in circulation any more, one rin coins are bought and sold by numismatics for academic study, and by those with a hobby.

History

One rin coins were minted from 1873 to 1892, but continued to circulate long after the final coins were produced. Author Walter Del Mar wrote in 1904 that at the time the rin was worth ​ 1⁄10 of a farthing or ​ 1⁄20 of an American penny. All one rin coins are made from a bronze alloy, and are five-eights of an inch (15.75mm) in diameter with a weight of fifteen grains (0.9g).[2][3] One rin coins were eventually taken out of circulation at the end of 1953 when a new law that established one form of currency (yen) was enacted.[4]

Circulation figures

Meiji

The following are circulation figures for the one rin coin, all of which were minted between the 6th, and 25th year of Meiji's reign. The dates all begin with the Japanese symbol 明治 (Meiji), followed by the year of his reign the coin was minted. Each coin is read clockwise from right to left, so in the example used below "七十" would read as "year 17" or 1884. While coins were struck in 1892, none were released for circulation.

  • "Year" ← "Number representing year of reign" ← "Emperors name" (Ex: 年 ← 七十 ← 治明)
Year of reign Japanese date Gregorian date Mintage
6th 六 1873 6,979,260[5]
7th 七 1874 4,881,630[6]
8th 八 1875 3,718,840[5]
9th 九 1876 23,000[5]
10th 十 1877 Unknown[5]
13th 三十 1880 810[5]
15th 五十 1882 3,632,360[5]
16th 六十 1883 14,128,150[5]
17th 七十 1884 16,009,130[5]
25th 五十二 1892 Not circulated[5]

Collectability

Common dates for the one rin coin can usually be found online, and at pawn shops where prices can vary depending on the condition of the coin.[7] Coins made from 1876 to 1880 are rare as the mintage numbers are low for those years, resulting in fewer examples that were saved. As for coins dated 1892, one such example in mint state condition sold at an auction held in 2011 for $63,250.00. (USD)[8]

References

  1. ↑ John Crowdy. "The British Almanac". Stationers' Company. pp. 112–113. Retrieved December 9, 2016.
  2. ↑ "1厘銅貨" (in Japanese). www.buntetsu.net. Retrieved December 10, 2016.
  3. ↑ Walter Del Mar (1904). Around the World Through Japan. A. and C. Black. p. 136. Retrieved June 12, 2017.
  4. ↑ "小額通貨の整理及び支払金の端数計算に関する法律" [A law of the abolition of currencies in a small denomination and rounding off a fraction, July 15, 1953 Law No.60]. www.shugiin.go.jp. Archived from the original on June 28, 2002. Retrieved December 5, 2016.
  5. 1 2 3 4 5 6 7 8 9 "Japan Rin Y# 15 Yr.10(1877)-Yr.9(1876)". Numismatic Guaranty Corporation. Retrieved December 10, 2016.
  6. ↑ "Japan Weekly Mail". Jappan Meru Shinbunsha. 1875. Retrieved December 10, 2016.
  7. ↑ "1 rin coin". ebay. Retrieved December 11, 2016.
  8. ↑ "M25(1892) JAPAN RIN MS Coin Auctions". Numismatic Guaranty Corporation. Retrieved December 11, 2016.


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