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1 Shu Minbushō-satsu

Issuer Minbushō (Ministry of Popular Affairs), Japan
Year 1869-1870
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Value 1 Shu (1⁄16)
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Reverse description Black letterpress print with red overstamps on a narrow vertical format. Vertical inscriptions are enclosed within a border composed of Hōō phoenixes in flight above iridescent clouds, with a dragon-horse facing left standing among paulownia foliage at the base. A red oval seal is stamped at the foot of the inscription column.
Reverse lettering 明治己巳發行
確證
(Translation: Meiji [year] tsuchinoto-mi (Year of the Earth-Snake) issue Confirm)
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Comments

The Minbushō-satsu series was issued in the immediate aftermath of the Meiji Restoration, when the new government had abolished domain currencies but had not yet built a functioning national banking system. These notes were effectively bridge instruments — rushed into circulation to fill the vacuum left by the collapsing han paper money system, and issued by a ministry that itself ceased to exist in 1871 when its functions were absorbed into the Ōkurashō.

The 1 Shu denomination sits at the lowest practical unit of the series, and surviving examples with intact paper are uncommon — the thin domestic stock used for these early Meiji issues was poorly suited to heavy handling.

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