1. 500 Yen Coin Exchange Rate
2. What Is The Currency Of Japan? - WorldAtlas.com
3. 500 Yen Coin Value In Philippines

November 29, 2019

Ministry of Finance

The 500 yen coin is the largest of all of the Japanese coins. This gold-colored coin is equivalent to about $5 USD, so try not to lose it! The coin is made of a.

Designs of The Olympic and Paralympic Games Tokyo 2020 Commemorative Coin Program (Fourth Issue)

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1.For the fourth issue

The Ministry of Finance has decided to issue 37 types of coins commemorating the Olympic and Paralympic Games Tokyo 2020 in four series before the opening of the Tokyo 2020 Games. For the fourth issue, designs for 12 types of coins were decided as follows for one type of 10,000-yen premium-grade gold coin, two types of 1,000-yen premium-grade silver coin, two types of 500-yen bicolor clad coin, and seven types of 100-yen clad coin. They will be issued as outlined in the Attachment.

(Note 1) The diameters are 26 mm for the 10,000-yen gold coin, 40 mm for the 1,000-yen silver coins, 26.5 mm for the 500-yen bicolor clad coins, and 22.6 mm for the 100-yen clad coins.

(Note 2) Bicolor clad coins refer to the coins with a metal layer sandwiched by the different types of metal plates by using the clad technology, which is fit into a ring made of different metal using the “bicolor technology”.

(Note 3) See References 1 to 12(PDF:9413KB) for the details of the designs.

2.Sales prices of complete sets of 1,000-yen silver coins

The complete sets of Olympic Games Tokyo 2020 and Tokyo 2020 Paralympic Games Commemorative 1,000-yen silver coins (first to fourth issues) will be sold separately.

500 Yen Coin Exchange Rate

(Note1) This is a set of nine types of Olympic Games Tokyo 2020 1,000-yen commemorative silver coins (first to fourth issues).

(Note 2) This is a set of three types of Tokyo 2020 Paralympic Games 1,000-yen commemorative silver coins (first to fourth issues).

(Contact for inquiries on purchase/ordering procedures for the fourth issue)

• The 10,000-yen gold coins, 1,000-yen silver coins and 1,000-yen silver coins complete set will not be exchanged at financial institutions, and instead will only be available through mail-order to the Japan Mint.
• Applications to purchase the 10,000-yen gold coin, the 1,000-yen silver coin, or the 1,000-yen silver coin complete set are accepted by the Japan Mint for about three weeks from Wednesday, February 19, 2020. The sales information, including ordering procedures, will be announced on the Japan Mint website (https://www.mint.go.jp/) after 5:00 p.m. on Tuesday, February 18, 2020.
• Contact for inquiries on application procedures (available from 5:00 p.m. on Tuesday, February 18, 2020): Japan Mint Hello Dial system (050-5548-8686; available from 8:00 a.m. to 9:00 p.m., operating 365 days a year)
• The 500-yen bicolor clad coins and the 100-yen clad coins will be circulated by being exchanged at their face value over the counter at financial institutions. More details, including the starting day of exchange, will be announced by the Ministry of Finance around June 2020.

3.Sales price of special commemorative coin set

A total of 37 types of coins commemorating the Olympic and Paralympic Games Tokyo 2020 (first to fourth issues) will be newly issued. They will be sold as special commemorative coin sets.

(Note1) The year inscribed on the reverse of the coins will be the second year of Reiwa for all 37 designs.

What Is The Currency Of Japan? - WorldAtlas.com

(Note 2) Proof processing technology is newly used for crafting 500-yen bicolor clad coins and 100-yen clad coins (making the surface glossy with special technology).

(Contact for inquiries on purchase/ordering procedures for the fourth issue)

• The special commemorative coin set will not be exchanged at financial institutions, and instead will only be available through mail-order to the Japan Mint.
• Applications to purchase the special commemorative coin set will be accepted by the Japan Mint around late April, 2020. The sales information, including ordering procedures, will be announced by the Japan Mint.

All inquiries regarding this release should be addressed to:

Currency Planning Section, Office of Currency Matters, Treasury Division, Financial Bureau

Phone: 03-3581-4111 (operator)

(Attachment)

<Outline of Coin Types>

(Note1) Since the 10,000-yen gold coins and 1,000-yen silver coins, using precious metals, are crafted with special technologies, the cost required to manufacture them exceeds their face value, making them premium-grade commemorative coins.

(Note2) For the latent images of 1,000-yen commemorative silver coins, see the Attachments (References 1 and 2) for details.

(Note3) In order to allow users to distinguish Olympic Games Tokyo 2020 500-yen bicolor clad coins and 100-yen commemorative clad coins from Tokyo 2020 Paralympic Games 500-yen bicolor clad coins and 100-yen commemorative clad coins just by touch, the former have narrow intervals between their helical ridges while the latter have wide intervals.

(Note4) The 10,000-yen gold coins and 1,000-yen silver coins can be purchased from the Japan Mint through mail-order sales (the coins will not be exchanged at financial institutions).

(Note5) The 500-yen bicolor clad coins and 100-yen clad coins will be circulated by being exchanged at face value over the counters at financial institutions. The specific exchange outline will be announced by the Ministry of Finance around June 2020.

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500 Yen Coin Value In Philippines

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On April 9, Finance Minister Asō Tarō announced the first redesign of Japan’s banknotes and coinage in 20 years. The portraits on the notes, which will appear in fiscal 2024, are set to be replaced.

The image on the ¥10,000 note will change from the educator Fukuzawa Yukichi to Shibusawa Eiichi, the “father of Japanese capitalism”; the ¥5,000 will be updated from the author Higuchi Ichiyō to Tsuda Umeko, a pioneer in women’s education; and the ¥1,000 note will see Kitasato Shibasaburō, Japan’s “father of modern medicine,” replacing Noguchi Hideyo.

The ¥500 coin will also be redesigned for a fresh appearance in fiscal 2021. The coin will keep the current paulownia pattern while incorporating various innovations.

The most obvious change is the bicolor cladding, resulting in different colors for the center and periphery. A Ministry of Finance official notes that the periphery uses the nickel-brass mix of the current ¥500 coins, producing a yellowish color, while the center is cupronickel, which gives the current ¥100 coins their distinctive silver color. In a world first, the contour edging utilizes helical ridges with varied shaping.

Also, in a first for Japanese coins, microlettering will be used on one face to print the words “JAPAN” and “500 YEN.” Such technologies are being incorporated to deter counterfeiting.

The varied ridges on the coin’s edge are produced with a new technology never before used in any coin. (Source: Ministry of Finance)

The new coin will weigh just 0.1 grams more than the current one, and the diameter will be exactly the same. Below the number 500, the bamboo leaf motif of the current design will be replaced with the imperial year, but the upper bamboo leaves, the tachibana oranges flanking the number, and the paulownia on the rear will remain. The floral motifs have not changed since 1982, when the ¥500 coin replaced a banknote featuring a portrait of the renowned statesman Iwakura Tomomi.

A Bicolor Look for the New Coin

The periphery of the new ¥500 coin will be a yellowish color and the center will be silver, an effect produced by the use of different metal alloys.

The center of both faces of this “bimetal” coin will be silver-colored, but this center portion will contains a core of a different metal, which is referred to technically as “clad coinage.” Because the new coins will be two-colored on the face and be composed of three layers, they are “bicolor clad.”

The current ¥500 coin is a simple slab of one type of metal, as seen at left. The new one will place a sandwich of three layers in the center of the peripheral ring. (Source: Ministry of Finance)

Familiar ¥500 Features

Unlike the new banknotes, which are getting a complete design overhaul, the new coin retains the floral motifs in place on the current ¥500 piece. “We wanted to base the new coins on the ¥500 design that people are familiar with,” says the Finance Ministry official we spoke to. “The bamboo, tachibana orange, and paulownia motifs come from plants that traditionally symbolize good fortune and auspiciousness, which is why they were used in the original design.”

The ¥500 piece being a relatively valuable coin, it has in the past attracted some attention from counterfeiters, as well as people using nearly identically sized coins worth far less—notably South Korea’s 500 won piece—to make purchases from vending machines. The Finance Ministry official notes that the new design should offer improved security. “The current coins are made of a single material, but the new coins are much more difficult to produce. However, we cannot completely rule out all possibilities.” The ministry does not provide specific production details.

Many people would no doubt like to get hold of the new coins as early as possible, but they are not scheduled for minting until early in fiscal 2021. However, the bicolor clad and helical ridge technologies have already been employed in ¥500 coins minted from 2008 as part of the Japan 47 Prefectures Coin Program, so you may find them if you keep your eyes peeled.

(Originally published in Japanese on FNN’s Prime Online on April 9, 2019. Translated and edited by Nippon.com.)

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