Preliminary identification

Japanese 1 Yen Banknote, Ninomiya Sontoku Issue

Photo reference

2 uploaded photos

Overview

A classic post-war Japanese 1 Yen note featuring the philosopher Ninomiya Sontoku, printed during the transition from imperial to modern Japan. It is distinguished by its blue reverse and the iconic 16-petal chrysanthemum crest of the Imperial House at the top center.

Story

Issued in 1946, this note was part of a desperate effort to stabilize Japan's economy after WWII. It features a peasant-sage who taught that small daily efforts lead to great change—a message for a nation in ruins.

Maker / Origin

The Bank of Japan issued this series under the supervision of the Allied Occupation (GHQ). The portrait is of Ninomiya Sontoku, a 19th-century agricultural reformer who became a symbol of Japanese resilience and work ethic.

Condition & Value

The note appears remarkably crisp with sharp corners and no visible heavy folds or staining. This 'About Uncirculated' condition significantly helps its collectibility, as most were heavily handled during the post-war inflation. While historically significant, millions were printed.

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.