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20 Gold Yen

Uitgever Nippon Ginko / Bank of Japan
Jaar 1915
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Drukker Cabinet Printing Bureau, Japan
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Opschrift voorzijde 日本銀行兌換券
貳拾圓
此券引換比拾貳和可
兌換国銀金申渡
日本銀行
Beschrijving keerzijde The reverse is printed in dark olive-brown ink and presents a central vignette of a Japanese shrine building set within a wooded landscape, framed by an elaborate guilloche border. Two large circular rosette medallions bearing the numeral 20 and the repeated legend '20 En' flank the shrine vignette on either side, interspersed with decorative scrollwork. The lower right carries the English-language gold redemption clause, while 'Nippon Ginko' in stylised Latin script appears at upper left alongside Japanese text and an Imperial sun disc motif at top centre.
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Opmerkingen

Pick 37 belongs to the "Convertible Gilt Note" series, issued at a moment when Japan's gold standard commitments were already under strain. The First World War had disrupted international gold flows, and Japan suspended gold export in September 1917 — just two years after this note's issue date — effectively rendering the "convertible" promise hollow. Notes already in circulation continued to be used, but redemption in physical gold coin became impossible in practice.

The Cabinet Printing Bureau had been producing Bank of Japan notes since the Meiji period, giving the series a degree of technical consistency rare for the era. The watermark security on this denomination reflects the higher scrutiny applied to large-value notes in a country where counterfeiting concerns were taken seriously at the institutional level.

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