Origins Of Japanese Currency

708 Copper Coins Minted in Japan for the First Time

Origins of Japanese Currency

Copper coins were first minted in Japan in 708 AD during the reign of Empress Gemmei. The coins were called "Wadokaichin" and had a hole in the center to allow them to be strung together. They were initially used alongside gold and silver coins, but eventually became the main form of currency in Japan.

Economic Significance

The introduction of copper coins had a significant impact on the Japanese economy. They facilitated trade and made it easier for people to purchase goods and services. The coins also helped to stabilize the economy and reduce inflation.

Cultural and Historical Value

In addition to their economic value, copper coins also had cultural and historical significance. They were often decorated with images of animals, plants, and mythical creatures. These images provide valuable insights into Japanese art and culture during the Nara period.

Current Status

Copper coins are no longer used as legal tender in Japan, but they remain popular collectibles. They are often sold at antique stores and online auction sites. The coins are also on display in museums and historical sites around the world.

Conclusion

The minting of copper coins in 708 AD was a significant event in Japanese history. The coins had a major impact on the economy and provided valuable insights into the culture and art of the period. Today, copper coins are no longer used as legal tender, but they remain popular collectibles and valuable pieces of history.