Catalog
1 Yen
| Issuer | Dai-Ichi Ginko (First National Bank of Japan) |
|---|---|
| Year | 1902-1904 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 1 YEN 壹圓 株式會社第一銀行 |
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| Reverse lettering | Dai-Ichi Ginko Ld. Promises to Pay the Bearer on Demand ONE YEN IN JAPANESE CURRENCY AT ANY OF ITS BRANCHES IN COREA. |
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| Comments |
Dai-Ichi Ginko — formally the First National Bank — operated in Korea under Japanese authority before the Bank of Korea existed, effectively functioning as a colonial monetary institution. These notes circulated in Korea, not Japan, issued to support Japanese commercial interests on the peninsula during the Russo-Japanese War buildup and its immediate aftermath.
The series was eventually demonetized when the Bank of Korea was established in 1909, at which point Dai-Ichi Ginko's note-issuing privileges were transferred. Short circulation window, foreign market — survivorship is lower than the print run would suggest.