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1 Yen Japanese serial
| Issuer | Bank of Japan |
|---|---|
| Year | 1889 |
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| Currency | Yen (1871-date) |
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|---|---|
| Obverse lettering | 1 四壹四六〇七 號壹五第 壹 券銀換究行銀本日 日 圓壹 本 候可相壹銀へ引此 銀 也申渡圓貨尓か券 行 ス奉條條第太五明 ルシ例銀十政月治 モテヲ行八官廿十 ノ発遵券號布六七 也行 兌告日年 臣大内武 造兌 造兌 各刑變換券 各刑變換券 本法造銀條兌 本法造銀條兌 處條偽ニ行例換 處條偽ニ行例換 断ニ造係券第銀 断ニ造係券第銀 ス照紙係ノ十行 ス照紙係ノ十行 シ幣ル偽二 シ幣ル偽二 壹 號壹五第 テノ罪 條 1 |壹 テノ罪 條 四壹四六〇七 1 ハ ハ 造幣局刷印省蔵大府政國帝本日大 (Translation: 706414 51st One Bank of Japan convertible silver note One yen Bank of Japan This note can be exchanged for one yen in silver. These are issued in compliance with the provisions of the Ordinance of the Grand Council of State No. 18 of May 6th, year 17 of Meiji (1884) on convertible banknotes. Minister Takenouchi The crime of altering and reproducing a convertible banknote shall be dealt with in accordance with this article 12 of the Penal Code. (x2) One 51st 706414 Empire of Japan Government Ministry of Finance Printing Bureau) |
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| Protection type | Watermark |
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| Comments |
Pick 26 belongs to the second series of Bank of Japan convertible notes — convertible, in theory, into silver. The 1889 Convertible Silver Notes were issued under the Bank of Japan Act framework that had been in place since 1882, but the silver convertibility guarantee was effectively suspended during the Russo-Japanese War of 1904–05 and never meaningfully restored thereafter. Notes already in circulation simply continued as inconvertible paper.
Printed entirely domestically by the Ministry of Finance's own bureau, this series marks Japan's deliberate move away from reliance on foreign printers — a policy choice rooted in Meiji-era industrialization priorities as much as in security concerns.