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100 Silver Yen

Issuer Nippon Ginko / Bank of Japan
Year 1891
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Value 100 Silver Yen
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Obverse description The obverse is oriented vertically and enclosed within an ornate oval guilloche border. To the right, an intaglio portrait vignette of Takenouchi no Sukune in imperial court dress with crown occupies the upper right quadrant. To the left, a large yellow-orange oval underprint vignette bears the Bank of Japan seal in red. The imperial chrysanthemum crest appears at the top center, flanked by vertical Japanese inscriptions and corner denomination numerals reading 100.
Obverse lettering 日本銀行兌換銀券 百圓 第七號 壹百九四
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The convertible silver note series, of which this is part, was issued under the Bank of Japan's early years following its 1882 founding — a period when the bank was still building credibility against the older National Bank notes it was systematically replacing. Convertibility into silver was a genuine legal obligation at issue, not decorative language, backed by the silver standard Japan maintained until 1897 when it switched to gold following the indemnity windfall from the First Sino-Japanese War.

High-denomination notes in this series saw heavy institutional use and relatively little retail circulation. Survivors in any condition are uncommon.