500 Japanese Yen Found On Counter At Coin Machine.

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Author	Replies: 7 / Views: 2,634
buddy16cat Pillar of the Community United States 1536 Posts	Posted 05/06/2013 11:38 pm I was dumping my coins from my latest roll search and found this on the coin machine. Wikipedia says this is worth $5.19 American dollars at face value. I guess that is what it is worth or is it worth more by chance? Edited by buddy16cat 05/06/2013 11:42 pm Report this Post to the Staff

Bacchus2 Pillar of the Community United Kingdom 2873 Posts	Posted 05/07/2013 03:03 am The main problem with getting rid of face value coins is that you have to go to that country to actually spend it. Local banks aren't interested - at least they aren't here in the UK. Perhaps you know somebody that will be visiting and can use it - that's probably the best way of realising the most for it. My Papal States coin collection: https://diadumenian.com/Papal%20Sta...0States.html Medieval coins collection: https://diadumenian.com/Congressofp...0Europe.html Indian Rupee Collection: https://diadumenian.com/Congressofp...0Rupees.html Minor world Silver: https://diadumenian.com/Congressofp...20coins.html Report this Post to the Staff
justin3651 Pillar of the Community United States 621 Posts	Posted 05/07/2013 03:11 am neat, I'd keep it myself. having a coin representing japan would be well appreciated with my various other foreign coins I've found in circulation. Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 05/07/2013 05:04 am I read it is often the highest valued denomination in the world in regular use, worth more than the British 2 pound coin. It is worth currently $5.05 American dollars at face value. Edited by buddy16cat 05/07/2013 06:10 am Report this Post to the Staff
bwbollom Valued Member United States 293 Posts	Posted 05/07/2013 8:15 pm It's a cool coin to have in your collection! They're very commonly used here since there are no 100 or 500 yen bills (like the $1 and $5 bill in the US) and coins of those denomination are used instead. I doubt there's any extra value, but it's worth a solid $5 at face value. It has some really cool anti-counterfeiting features: From the Japan Mint website: http://www.mint.go.jp/eng/productio...w500-01.html Additional features found which are not on the mint's website: http://madeira.cc.hokudai.ac.jp/RD/.../500YenCoin/ Really cool that you just randomly found such an interesting coin! Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 05/08/2013 6:37 pm It's still a fair bit of money in a circulating coin. I have a collection of them and because of their face value - it does sting! Imagine having 20 of those if you collect them year by year - they add up very quickly! My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 05/09/2013 6:41 pm I sold this coin on ebay for face value plus shipping. It didn't really qualify for my world coin grab bag I find in coin machines or rolls so I sold it because the face value alone gives it value and it was free since I found it. Report this Post to the Staff
goodwin Valued Member Japan 71 Posts	Posted 05/24/2013 7:33 pm in japan itself, at least in the past, there was a practice of fraudulent use of korean 500 won coins instead of 500 yen coins: http://en.wikipedia.org/wiki/500_yen_coin#History (the trick doesn't work on vending machines anymore, but can probably go unnoticed in cash retail... not that I have ever done it myself, I should say though) Report this Post to the Staff
	Replies: 7 / Views: 2,634

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