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1 Yen

Issuer Dai-Ichi Ginko Ltd. (First Bank of Japan)
Year 1907
Type Standard circulation banknote
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Obverse lettering 株式會社第一銀行券 大韓國金庫 株式會社第一銀行 一圓 壹圓
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Reverse lettering DAI-ICHI GINKO LTD. Promises to Pay the Bearer on Demand ONE YEN IN JAPANESE CURRENCY at any of its Branches in Corea 此券은在韓日本各店通換외 兌換
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Dai-Ichi Kokuritsu Ginko — the First National Bank — occupied a peculiar position in Meiji-era finance: it was a private joint-stock bank granted quasi-central-bank authority to issue convertible notes, a function it exercised from 1873 until the Bank of Japan absorbed that role in 1883. This 1907 note comes from the bank's later commercial phase, issued under its reorganized identity after losing note-issuing privilege, which makes its continued circulation as a private banknote an administrative curiosity of the transitional period.

Pick 10 is among the scarcer survivors of the series, as most privately issued Japanese paper from this period was systematically retired and pulped.