I had actually meant to reply to this topic.
The "koban" in the ebay listing is a modern novelty, not a genuine coin. There were large ovoid coins struck in silver in Japan, usually as a local currency, and always very crude. The technology to make large, sharp hammered coins did not exist in Tokugawa Japan, hence why genuine koban are a distinctly wavy shape, and the various punches would have shown through to the obverse of the coin.
The "koban" in the ebay listing is a modern novelty, not a genuine coin. There were large ovoid coins struck in silver in Japan, usually as a local currency, and always very crude. The technology to make large, sharp hammered coins did not exist in Tokugawa Japan, hence why genuine koban are a distinctly wavy shape, and the various punches would have shown through to the obverse of the coin.




















