Skip to main content
Go to accessibility notice

    Description

    Perhaps the First "Modern" Offering in Proof
    Missing from Pittman and Jacobs Collections

    Meiji Proof Yen Year 13 (1880) PR63 NGC, Osaka mint, KM-YA25.2, JNDA 1-10B, JV-Q9. Absent from the Pittman and Jacobs offerings and currently the only certified Proof example of this prized date, this largest of the silver denominations presents all-over graphite coloration along with indigo hues that cling to the raised elements. The focus of the piece remains the intricately-styled dragon design, which, compared to its low-lying surroundings, takes on a slightly frosty appearance. Once in hand, the coin seems choice for the grade, with little evidence of handling noted across the surfaces and with plenty of brilliance that glistens from beneath the tone. A recent review of auction records yields no comparable results. Very possibly the first modern Proof offering of this issue, and of immeasurable numismatic importance as such.
    From the Commander Collection

     

    ---More on the Meiji 13 (1880) Proof Set---


    On its existence...

    The Meiji 13 proof set is among the most significant numismatic items in the world, not only because of the incredible rarity of each of the set's components, but because of its presentation role, undeniably gifted to heads-of-state or high-ranking foreign liaisons during this infancy period of Japan's opening to the western world. These sets certainly played an integral role in the development of relationships, which ultimately would not only shape Japan as a nation, but the many nations who reciprocated in trade.

    On its rarity...

    While mintage figures for several of the denominations in proof have been recorded, and they are all tiny, their survival rate appears to be much smaller, alarmingly so in fact (with well below 10 of most denominations known), with other factors surely contributing to the set's extreme rarity. Perhaps the most likely scenario is that only a small portion of those struck were actually distributed, with the ungifted pieces either having been melted or even later finding their way into circulation. The appearance of several circulated specimens in our offering of the Norman Jacobs collection in 2011 would seem to support this theory. Further, the uneven published mintages, ranging from 77 (10 sen) to 179 (50 sen) [note: the rin, with a listed mintage of 810, while appearing seldomly, does seem to have been produced in regular circulating condition] would logically point to a maximum of 77 sets, with many duplicates becoming "unnecessary".  While we are aware of no fully intact sets, it seems inconceivable that these presentation coins, especially those not in gold, would have been officially distributed in any manner other than as a full set.

    On comparable numismatic items...

    There are few numismatic issues worldwide that compare in composition and stature to the Meiji 13 set, with the most well-known clearly being those struck by the United States during the administration of President Andrew Jackson in the mid-1830s. That set, produced for similar diplomatic reasons, contained 11 items (4 gold, 5 silver, 2 copper), including a small gold medal with the President's likeness and the individually-famous 1804 dollar. Similar in rarity, we know of only a single instance where this presentation remains "intact", that being the set gifted to the King of Siam. Kept from the public eye for over a century, the set re-surfaced in the late 1950s in London with the half dime and medal missing. Most recently, the set was sold in 2005 for $8.5 million. If re-offered today as individual pieces, both Dollar and Ten Dollar piece from this set alone, both dated 1804, would almost certainly eclipse the total previous set price.


    View Certification Details from NGC

    Auction Info

    Auction Dates
    January, 2017
    8th-9th Sunday-Monday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 2,361

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) per lot.

    Sold on Jan 9, 2017 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 6 days left to consign to the 2021 December 16 - 19 US Coins Signature® Auction !

    Learn about consigning with us

    I want to thank you for all of your assistance relative to my coin collection.
    Alan D.,
    Boston, MA
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search