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2 Shu / 1/8 Ryō 'Ko-Nanryō Nishugin'

Issuer Ginza (Silver Mint)
Year 1772-1824
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In circulation to 1824
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Obverse description Ten kanji characters arranged in two vertical columns within a raised pearl border encircling the entire field of this irregularly rectangular hammered silver piece. The inscription reads 以南鐐八片換小判一両, conveying the monetary guarantee that eight pieces of Nanryō silver are exchangeable for one ryō koban. The characters are rendered in bold, deeply struck regular script (kaisho) relief against a granular, textured background surface characteristic of Edo-period hammered coinage. The legend is the dominant and sole design element, reflecting the purely utilitarian and fiduciary nature of this Tokugawa-era currency.
Obverse script Chinese (traditional, regular script)
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Edge Plain, with filing marks; some examples bear incuse sakura (cherry blossom) countermark
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