All sales are subject to 888 Auctions’ Terms and Conditions of Sale. Bidding is available by live in-house bidding and absentee. A 20% buyer's premium is added to the hammer price of each lot. PAYMENT BY, BANK DRAFT, CERTIFIED CHEQUE OR WIRE TRANSFER ONLY. The auctioneer and 888 Auctions shall have the right to withdraw any item at any time for any reason and to default any sale in the event of an error or dispute. The auctioneer will also have full discretion to reopen the bidding, cancel the sale or re-offer and resell the property. Should a dispute arise after the auction, our sale record is conclusive.
1923 Japanese 50 Sen silver (.720) coin, obverse engraved phoenix and chrysanthemum, lettering Wu Shi Qian, reverse engraved sun, lettering Da Ri Ben, Da Zheng Shi Er Nian, Y-46, D: 23.37 mm. Fifty sen coins were first minted in 1870 during the reign of the Meiji emperor. The New Currency Act of 1871 stipulated the adoption of the decimal accounting system of yen with the coins being round and manufactured using Western machinery.[2] Although mintages numbered in the hundreds of thousands, it was reported in 1904 that fifty sen coins were not commonly seen in circulation. Production of silver coins stopped in 1938, and the coins were replaced by brass ones starting in 1946. The final fifty-sen coins were produced two years later, and the coin was eventually taken out of circulation at the end of 1953.