PMG-certified Japanese Banknote Realizes Over $75,000 in Ginza Auction

Rare early Japanese banknotes that are certified by Paper Money Guaranty® (PMG®) sold for tens of thousands of dollars in a Ginza Coins auction of numismatic rarities on November 4, 2022.

The highest-performing note in this sale was a Japan ND (1873) 20 Yen graded PMG Very Fine 30 (lot 292) that realized 11,184,000 JPY (about $77,000). This is one of the highest prices ever paid for an example of Japanese paper money. This auction also included other early paper money examples of the yen, which today is one of the top currencies for international investment and trade.

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Other PMG-certified highlights in this sale included:

• a Japan / Constitutional Monarchy ND (1873) 10 Yen graded PMG 20 Very Fine (lot 293) that realized 5,825,000 JPY (about $40,000)
• a Japan, Bank of Japan ND (1958) 10,000 Yen graded PMG 66 Gem Uncirculated EPQ (lot 356) that realized 3,844,500 JPY (about $26,000)
• a Japan / Constitutional Monarchy ND (1873) 5 Yen graded PMG 25 Very Fine (lot 294) that realized 1,631,000 JPY (about $11,000)
• a Japan / Constitutional Monarchy 1881 (ND 1883) 10 Yen graded PMG 58 Choice About Uncirculated (lot 307) that realized 1,572,750 JPY (about $11,000)
• a Japan, Bank of Japan 1900-1913 100 Yen - Payable In Gold graded PMG 35 Choice Very Fine (lot 322) that realized 1,281,500 JPY (about $9,000)
• a Japan, Bank of Japan ND (1885) 10 Yen graded PMG 35 Choice Very Fine (lot 312) that realized 1,141,700 JPY (about $8,000)

Prices realized include buyer’s premium. The $ symbol represents US Dollars.