Our Guest of Honor 2020: Japan

About The History of The Japan Mint

Established by the Meiji Government in 1871, the Japanese Mint was then equipped with highly innovative technology to effectively modernize the coinage of the country. Minting presses were imported from Europe and the United States, modern infrastructures were set up at the headquarters in Osaka, including companies of the electric, telecommunication and supplying industries. The business administration was organized based on Western accounting and controlling practices which had not been implemented as consistently before in Japan.

Even in matters of fashion the pioneers from the Japan Mint set new standards, changing the traditional topknot and floor-length robes for Western style clothes. The coin makers became trendsetters in many other relevant social issues, as well. It comes as no surprise that the rapid development of the Osaka metropolitan area as the center of industry and commerce is still being associated to the influence of the Japan Mint.

With the onset of the 20thcentury, Japan’s minting industry continued to develop dynamically. The coin production at the Osaka mint was successively completed by the manufacturing of medals and metallic art objects, advanced testing procedures of metal ores and modern die technology. Within short, the limits of capacity were reached, and only eight years after its inception the Japan Mint expanded with a new branch, specializing in the fineness certification of precious metals products, which opened in Tokyo. Almost another half-century later, the floor space at the Tokyo Ministry of Finance originally destined for the mint had become too small. In 1940 it was decided to build new facilities which were in operation until the mint moved to their current location in Saitama four years ago – in 2016.

As much as the mint had adapted to the national requirements with the two facilities in Osaka and Tokyo, they equally wanted to supply foreign markets, especially the countries of South-East Asia, with their own products. To that end, a top-modern production plant was built in Hiroshima from 1942-45 which was destroyed shortly after its completion when the atomic bomb hit Hiroshima. Rebuilt in 1948, this facility to date still allows carrying out the complete manufacturing process of different coins.

With the new millennium, the three branches of the Japan Mint all became Incorporated Administrative Agencies of the Japanese State.

Olympic Games – A Great New Challenge

From July 24th to August 9th, the 2020 Summer Olympics Games will take place in Tokyo. As a matter of course, the JAPAN MINT will participate in this unique sporting event by contributing an exquisite program of commemorative coins. The complete sets of commemorative coins will be presented at the 49thWorld Money Fair. We are full of expectation to see what our friends and colleagues from Japan have prepared.

The Japanese coin makers have already made a name for themselves. The first Tokyo 2020 official silver commemorative coin with a strictly limited mintage sold out within a few days after first being issued. Besides the official emblem “Tokyo 2020” the silver proof coin with a diameter of 40 mm features a beautiful image representing Olympic Swimming.

This coin was the first one launched of a complete series dedicated to the different Olympic sports. About every four weeks another silver commemorative coin will be issued internationally, sparking enthusiasm among collectors all over the world. A well-thought-out marketing concept, because apart from the attractive design it’s also the limited quantity – only 600 pieces of the first coin were available on the German market – that whets the appetites.

Join us in looking forward to the fascinating and unique program of our guests of honor from Japan. We are already excited to see more exquisite and surprising coins.

© World Money Fair Berlin GmbH 2020 | Subject to change.