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Japanese Coin Price Guide [2026]

Price reference by category and grade for Japanese antique coins and old monetary metals, based on domestic auction hammer price data. Use as a reference for buying and selling Edo gold, Edo silver, holed coins, modern coins, and commemorative coins.

What is "Grade" — and Why Does It Matter?

In coin collecting, value is determined by rarity and condition (grade). A grade is a rating that indicates how close a coin is to its original mint state. Even for the same type of coin, a difference of just one grade can more than double the price.

Sheldon Scale (International Standard)

A 70-point grading system established in the United States in 1948. The international standard adopted by the world's major grading services including NGC and PCGS. 70 represents a perfect specimen; 1 represents the lowest condition.

Why Grade Matters

High-grade specimens are rare, command strong collector demand, and maintain stable asset value. They also offer greater liquidity when reselling, making them popular as investment vehicles.

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Full Grade Reference — Sheldon Scale

The purchase and sale price of antique coins varies significantly by grade (condition). Review the details of each grade on the Sheldon Scale (70-point system) adopted by leading grading services NGC and PCGS.

Mint State (MS60–70) — Uncirculated

Coins that have never been circulated. Original mint luster remains.

MS7070Perfect Uncirculated
Perfect mint state. No post-production defects detectable at 5× magnification.
MS6969Near Perfect Uncirculated
Nearly perfect. Only the slightest contact marks are visible under 5× magnification.
MS6868Superb Gem Uncirculated
Extremely well preserved. Only minimal contact marks.
MS6767Superb Gem Uncirculated
Outstanding uncirculated. Very light contact marks.
MS6666Gem Uncirculated
Gem level. Slight contact marks but excellent luster.
MS6565Gem Uncirculated
Gem quality. Small contact marks present but overall beautiful.
MS6464Choice Uncirculated
Choice uncirculated. Some light contact marks.
MS6363Choice Uncirculated
Choice uncirculated. Moderate contact marks with luster.
MS6262Uncirculated
Uncirculated but with noticeable contact marks. Luster may be impaired.
MS6161Uncirculated
Uncirculated but many contact marks. Luster may be weak.
MS6060Uncirculated
Not circulated but with many contact marks and blemishes.

About Uncirculated (AU50–58)

Coins with only slight wear but retaining mint luster.

AU5858Choice About Uncirculated
Slider. Appears uncirculated but light wear on high points. More than half of mint luster remains.
AU5555Choice About Uncirculated
Light wear on high points. Half of mint luster remains.
AU5353About Uncirculated
Definite wear visible, but mint luster remains.
AU5050About Uncirculated
Wear on high points. Slight mint luster remains.

Extremely Fine (EF40–45)

Light wear present but design details remain sharp.

EF4545Choice Extremely Fine
Light wear. Details sharp and clear. Slight wear only on highest points.
EF4040Extremely Fine
Light wear. Design clear but wear visible on highest points.

Very Fine (VF20–35)

Moderate wear. Major design is clear but fine details show wear.

VF3535Choice Very Fine
Moderate wear. Major design elements clear.
VF3030Very Fine
Moderate wear. Fine details worn but overall good.
VF2525Very Fine
Moderate wear. Rim complete; lettering legible.
VF2020Very Fine
Moderate wear. Rim and lettering clear but wear on high points.

Fine and Below (F12 and lower)

Considerable to heavy wear present.

F1515Choice Fine
Even wear. Design elements distinguishable. Rim complete.
F1212Fine
Considerable wear. Major design readable but details unclear.
VG1010Choice Very Good
Heavy wear. Rim complete; lettering legible. Central area significantly worn.
VG88Very Good
Heavy wear. Design outlines visible but details indistinct.
G66Choice Good
Extreme wear. Only major design outlines visible.
G44Good
Extreme wear. Only rough shape of design remains. Date and legend hard to read.

Proof (PF60–70)

Collector coins produced by a special minting process. Characterized by mirror-like surfaces.

PF7070Perfect Proof
Perfect proof. No post-production defects detectable at 5× magnification.
PF6969Near Perfect Proof
Nearly perfect. Only the slightest defects visible under 5× magnification.
PF6868Superb Gem Proof
Extremely well preserved. Only minute defects.
PF6767Superb Gem Proof
Outstanding condition. Only very small defects.
PF6565Gem Proof
Gem level. Small defects present but excellent overall condition.
PF6363Choice Proof
Choice proof. Some noticeable defects.
PF6060Proof
Proof quality but with notable defects or hazing.

Grade vs. Price Impact

Even for the same coin type, a difference of just one grade can significantly change the price. High-grade coins rated MS65 and above are especially rare and are popular as investment vehicles.

MS67+
×5–10
vs. base price
MS65–66
×2–5
vs. base price
AU–EF
×1–2
vs. base price
VF and below
×0.3–1
vs. base price

Third-Party Grading Recommended for High-Value Transactions

For coins valued above tens of thousands of yen, we recommend obtaining grading from a third-party service such as NGC, PCGS, or JNDA. Graded coins are encapsulated in transparent holders called "slabs," providing both authenticity and grade guarantees.

🔒

Authenticity Guaranteed

Eliminates counterfeit risk

📊

Objective Assessment

Fair, impartial grading

💰

High Liquidity

Achieves better prices when reselling

* This price guide aggregates hammer price data from major domestic auctions. Actual purchase and sale prices will vary depending on coin condition, market conditions, and dealer. Prices should be used as a reference only. For an accurate valuation, we recommend a professional appraisal.