500 yen coin

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Five-Hundred yen
Japan
Value 500 Japanese yen
Mass 7.00 g
Diameter 26.5 mm
Thickness 2 mm
Edge Helically reeded edge
Composition 72% Cu
20%Zn
8% Ni
Years of minting 1982 - Present
Catalog number -
Obverse
500 yen reverse.jpg
Design Paulownia
Designer -
Design date 2000
Reverse
500 yen obverse.jpg
Design Bamboo, Citrus tachibana
Designer -
Design date 2000

The 500 yen coin (五百円硬貨 Gohyaku-en kōka?) is the largest coin denomination of the Japanese yen. Depending on fluctuations in exchange rates it is often the highest valued regularly used coin in the world. As of April 28, 2013, it is valued at US$5.09, €3.91, £3.29, C$5.18, CHF4.80, A$4.95 and NZ$6.00. As of April 28, 2013, the United Kingdom's largest coin (£2 coin) is worth ¥304, the Swiss 5 franc coin is worth ¥521, the Cook Islands $5 coin (which is pegged to the New Zealand Dollar) is worth ¥417 and the Latvian 2 lati is worth ¥365.

History[edit]

The 500 yen coin was first minted in 1982 to replace the 500 yen note, which continued to be used alongside it until April 1, 1994. Soon, it became the victim of counterfeiting, as the South Korean 500 won coin could be easily modified to the exact weight of the ¥500 coin. As the ₩500 coin was roughly one-tenth the value of the ¥500 coin, these modified coins could be used at vending machines to produce a profit.[1]

A new design was minted in 2000. Zinc was added to give it a distinctive electrical conductivity, the weight was reduced 0.2 grams, and a latent image was added to the zeros on the obverse. When viewed at an angle, "500円" is printed vertically in each zero. When viewed at a different angle, a bar can be seen running down the inside of each zero. This bar is narrower than the "500円" text.[2] Microprinting reading "Nippon" is found on both the obverse and reverse of the coin.[3]

Despite these anti-counterfeiting measures, the coin is still the target of counterfeiters in Japan.

Commemorative 500 yen coins[edit]

Throughout the coin's history, the Japan Mint has issued 500 yen coins commemorating the various subjects of Japan's history.

List of commemorative 500 yen coins[edit]

Cupronickel 500 yen coins[edit]

Nickel-brass 500 yen coins[edit]

Bi-metallic 500 yen coins[edit]

References[edit]

  1. ^ Metropolis [Tokyo] Money Talks: Short Changed
  2. ^ Japan Mint: Analyzing 500 yen Nickel-brass Coin
  3. ^ Micro Characters on New 500-Yen Coin Found !!
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