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100 Yen in Gold
| Issuer | Bank of Chosen |
|---|---|
| Year | 1911 |
| Type | Log in to see details |
| Value | 100 Yen in Gold |
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| Obverse description | The obverse is printed in olive-green tones with an elaborate guilloche border framing the entire note. At centre right, an oval intaglio vignette presents a rotund figure of Daikoku, the Japanese god of wealth, seated atop two large rice bales. The issuer's name 朝鮮銀行 appears in vertical Chinese characters at left, flanked by two red seal impressions, with the denomination 百圓 rendered in large characters at centre and the serial number printed in red above. |
|---|---|
| Obverse lettering | 朝鮮銀行 百圓 百 圓 朝鮮銀行券 此券引換に金貨又は日本銀行兌換券百圓渡没有申候也 |
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| Comments |
The Bank of Chosen was established in 1909, the year before Japan formally annexed Korea, and its notes were designed to displace existing Daiichi Bank issues that had circulated on the peninsula since the 1880s. This 100 Yen denomination sat at the high end of everyday commercial use and would have moved primarily through wholesale trade and official transactions rather than retail channels.
The "in Gold" inscription is the critical detail. It designated convertibility into gold coin under the gold standard Japan had adopted in 1897 — a deliberate signal of monetary credibility to Japanese merchants and foreign trading houses operating in Korea. That convertibility clause became a fiction almost immediately after World War One disrupted gold flows globally.