Nagano Olympic Commemorative 500-Yen Cupronickel Coins | How the Three Types Differ
Cupronickel coins issued in three series to commemorate the Nagano Olympic Winter Games. Obverse: snowboarding, bobsleigh and freestyle skiing; reverse: rock ptarmigan. 7.2 g, 26.5 mm in diameter, 20,000,000 of each.
Subject coin: 長野オリンピック記念500円
Overview
These are 500-yen cupronickel coins issued in three series, from the first to the third, to commemorate the 1998 Nagano Olympic Winter Games. The obverse designs are snowboarding, bobsleigh and freestyle skiing, and the reverse of all three shows the rock ptarmigan (raichō), the prefectural bird of Nagano. They are cupronickel (copper 750, nickel 250), weigh 7.2 g and measure 26.5 mm in diameter; 20,000,000 of each were exchanged at face value.
The 500-yen cupronickel coins were exchanged in three rounds, from 7 February 1997 (Heisei 9) to 2 February 1998 (Heisei 10). Among the Olympic commemorative coins in the Ministry of Finance's List of Commemorative Coins, Nagano followed Tokyo 1964 and Sapporo 1972.
Specifications
- Denomination
- 500 yen
- Year on coin
- Heisei 9 (series 1 and 2) and Heisei 10 (series 3)
- Material and fineness
- Cupronickel (copper 750, nickel 250)
- Weight
- 7.2 g
- Diameter
- 26.5 mm
- Number issued
- 20,000,000 of each (3 types)
Olympic commemorative coins (Tokyo, Sapporo, Nagano)
| Tokyo Olympics | Sapporo Olympics | Nagano Olympic Winter Games | |
|---|---|---|---|
| Year on coin | Shōwa 39 | Shōwa 47 | Heisei 9 and Heisei 10 |
| Face values and types | 1,000 and 100 yen, 2 types | 100 yen, 1 type | 10,000, 5,000 and 500 yen, 9 types |
| Material | Silver alloy | Cupronickel | Gold, silver alloy, cupronickel |
| Cupronickel coin: diameter, weight | — | 30.0 mm, 12.0 g | 26.5 mm, 7.2 g |
| Cupronickel coin: number issued | — | 30,000,000 | 20,000,000 of each |
| First exchange start | 21 Sep 1964 | 28 Jan 1972 | 7 Feb 1997 (gold coin sales applications from 30 Oct 1996) |
Values from the Ministry of Finance's List of Commemorative Coins. The Tokyo 2020 commemorative coins are not included in this table.
Sources: [S1] Ministry of Finance, Japan
From Tokyo and Sapporo to Nagano — the story of Olympic commemorative coins
The Ministry of Finance's List of Commemorative Coins begins with the Tokyo Olympic Games of 1964 (Shōwa 39). Two coins were issued then: a 1,000-yen silver coin (exchange from 2 October 1964) and a 100-yen silver coin (from 21 September). The Ministry of Finance states that commemorative coins date from the Tokyo Olympic Commemorative 1,000-Yen Silver Coin and that there are none from before it.
For the Sapporo Olympic Winter Games of 1972 (Shōwa 47), a single 100-yen cupronickel coin was issued. Its obverse shows the Olympic cauldron and its reverse the Olympic rings and a snow-crystal pattern known as first snow; it measures 30.0 mm, weighs 12.0 g, and 30,000,000 were issued. In the Japanese Olympic Committee's (JOC) list of Winter Games, the Games have been held in Japan twice, in Sapporo and Nagano.
For Nagano, three face values — a 10,000-yen gold coin, a 5,000-yen silver coin and a 500-yen cupronickel coin — were each issued in three series, making nine types in all.
Sources: [S1] Ministry of Finance, Japan; [S6] Ministry of Finance, Japan (FAQ); [S3] Japanese Olympic Committee
Three designs and three exchange rounds
According to the Ministry of Finance's list, the obverse designs and exchange start dates of the 500-yen cupronickel coins are as follows: snowboarding for the first series, from 7 February 1997; bobsleigh for the second, from 7 August 1997; and freestyle skiing for the third, from 2 February 1998. The coins of the first and second series are dated Heisei 9 and those of the third Heisei 10.
Since the Games began on 7 February 1998, the first exchange began exactly one year before the opening and the third 5 days before it.
All three are cupronickel (copper 750, nickel 250), 26.5 mm in diameter and 7.2 g in weight, with 20,000,000 of each. The schedule to the Enforcement Order gives "500-yen commemorative coins: 60,000,000", the same as the three series combined.
Sources: [S1] Ministry of Finance, Japan; [S2] Japanese Olympic Committee; [S7] e-Gov Japanese Law Search
The rock ptarmigan on the reverse — prefectural bird and Special Natural Monument
The reverse of all three is "rock ptarmigan (the prefectural bird of Nagano)". According to Nagano Prefecture, four candidates for the prefectural bird were put forward as birds that are "rare, suited to Nagano Prefecture, and to be carefully protected", and in the 1966 (Shōwa 41) vote of residents the rock ptarmigan was chosen with 4,818 votes (the common cuckoo was second with 1,761).
In the Agency for Cultural Affairs' database of nationally designated cultural properties, the rock ptarmigan was designated a Natural Monument on 7 March 1923 and a Special Natural Monument on 15 February 1955. Its description calls it "a precious bird protected since ancient times as a sacred bird". The Ministry of the Environment classifies the rock ptarmigan as Endangered (EN, category IB) and designated it in Heisei 5 as a National Endangered Species under the Act on Conservation of Endangered Species.
The reverse of the 10,000-yen gold coin of the same Games shows the prefectural flower, the gentian, and that of the 5,000-yen silver coin the prefectural animal, the Japanese serow.
Sources: [S1] Ministry of Finance, Japan; [S4] Nagano Prefecture; [S5] Agency for Cultural Affairs; [S8] Ministry of the Environment
For collectors and researchers
To look into these coins, read the Nagano Olympic rows of the Ministry of Finance's List of Commemorative Coins. The cupronickel coin rows give only the face value and the exchange start date, unlike the gold coin rows (sales price and sales application period). The material, weight and diameter are in Schedule 1 of the Order for Enforcement of the Act on Currency Units and Issuance of Coins, and the number issued is in Schedule 3.
At 26.5 mm and 7.2 g, these coins are the same size and weight as the ordinary 500-yen cupronickel coin (first issued in Shōwa 57) described on the Bank of Japan's website. They differ from the Shōwa-era commemorative 500-yen coins (30.0 mm, 13.0 g).
The background to the rock ptarmigan can be checked on Nagano Prefecture's "Prefectural symbols" pages, in the Agency for Cultural Affairs' database of nationally designated cultural properties, and on the Ministry of the Environment's page on its protection and recovery programme. Commemorative coins can still be used at face value, but they may not be accepted by vending machines and similar devices; the Ministry of Finance advises exchanging them at a financial institution's counter.
Sources: [S1] Ministry of Finance, Japan; [S7] e-Gov Japanese Law Search; [S9] Bank of Japan; [S4] Nagano Prefecture; [S5] Agency for Cultural Affairs; [S8] Ministry of the Environment; [S6] Ministry of Finance, Japan (FAQ)
Not confirmed in the sources
- How the sports shown on the obverse were chosen
- The specific method of exchange and the number of coins exchanged
- The legal basis on which the Sapporo Olympic 100-yen cupronickel coin was issued
Conclusion
The Nagano Olympic commemorative 500-yen cupronickel coins followed Tokyo and Sapporo as Olympic commemorative coins and were exchanged at face value in three rounds, starting exactly one year before the Games. The obverse shows three sports of the Games and the reverse the rock ptarmigan, the prefectural bird chosen by a vote of residents and also a national Special Natural Monument; the coins are the same size as the ordinary 500-yen cupronickel coin.
All the commemorative coins of these Games are covered in Nagano Olympic Winter Games Commemorative Coins.
Sources
- [S1]Ministry of Finance, Japan「List of Commemorative Coins (as of 11 Sep 2026) (記念貨幣一覧(2026.9.11現在))」 PDF p. 1 (Tokyo and Sapporo Olympics), pp. 5–6 (Nagano Olympic Winter Games) https://www.mof.go.jp/policy/currency/coin/commemorative_coin/kinenkaitiran.pdf (checked 2026-10-10)
- [S2]Japanese Olympic Committee「Nagano 1998 Winter Games (overview) (長野1998冬季(大会概要))」 Overview https://www.joc.or.jp/games/olympic/nagano/ (checked 2026-10-11)
- [S3]Japanese Olympic Committee「Japan's participation in the Olympic Winter Games (日本の大会参加状況(オリンピック冬季競技大会))」 List of Winter Games https://www.joc.or.jp/games/olympic/sanka/ (checked 2026-10-11)
- [S4]Nagano Prefecture「Prefectural symbols (県のシンボル)」 Prefectural symbols 3 https://www.pref.nagano.lg.jp/koho/kids/menu01/symbol01.html (checked 2026-10-11)
- [S5]Agency for Cultural Affairs「Database of Nationally Designated Cultural Properties: Rock ptarmigan (国指定文化財等データベース「ライチョウ」)」 Designation dates and description https://kunishitei.bunka.go.jp/heritage/detail/401/3103 (checked 2026-10-11)
- [S6]Ministry of Finance, Japan (FAQ)「Can commemorative coins issued in the past still be used as money? (過去に発行された記念貨幣は、現在でもお金として使えますか)」 Answer https://www.mof.go.jp/faq/currency/07ai.htm (checked 2026-10-11)
- [S7]e-Gov Japanese Law Search「Order for Enforcement of the Act on Currency Units and Issuance of Coins (通貨の単位及び貨幣の発行等に関する法律施行令)」 Schedules 1 and 3 (current text) https://laws.e-gov.go.jp/law/363CO0000000050 (checked 2026-10-11)
- [S8]Ministry of the Environment「Conservation of rare wildlife: protection and recovery programme, Rock ptarmigan (希少な野生動植物種の保全 保護増殖事業「ライチョウ」)」 Sections 1 and 5 https://www.env.go.jp/nature/kisho/hogozoushoku/raicho.html (checked 2026-10-11)
- [S9]Bank of Japan「500-yen coin (cupronickel) (500円貨(白銅))」 Main text https://www.boj.or.jp/note_tfjgs/note/valid/past_issue/pcoin_500.htm (checked 2026-10-11)
Related Stories
Nagano Olympic Commemorative 10,000-Yen Gold Coins | Designs and Specifications of Series 1–3
Gold coins issued in three series to commemorate the Nagano Olympic Winter Games. Obverse: ski jumping, figure skating and speed skating; reverse: gentian. Pure gold, 15.6 g, 26.0 mm in diameter, 55,000 of each.
Coin StoryNagano Olympic Commemorative 5,000-Yen Silver Coins | Three Designs and Issue Record
Silver coins issued in three series to commemorate the Nagano Olympic Winter Games. Obverse: ice hockey, biathlon and Paralympic alpine skiing; reverse: Japanese serow. Silver alloy (silver 925, copper 75), 15.0 g, 30.0 mm in diameter, 5,000,000 of each.
Coin StoryEmperor's Accession Commemorative 500-Yen Cupronickel Coin (Heisei 2, 1990) | Design and Specifications
Issued to commemorate the Enthronement Ceremony of 12 November 1990. Obverse: the Special Imperial Procession Carriage; reverse: chrysanthemum crest and court attire patterns. 13.0 g, 30.0 mm in diameter, 30,000,000 issued. Also compared with the Reiwa accession coins.
Dealers
Dealers Handling This Category
A reference when considering a sale or appraisal. All are dealers and auction houses with a proven track record.
Ginza Coins
Ginza, Chuo-ku, Tokyo
One of Japan's most established numismatic dealers. The scale and variety of their regular auctions is among the largest in the country. Their catalogs are considered a benchmark for market pricing.
Tokyo Coin Club
Tokyo
A membership-based coin dealer known for carefully selected, quality inventory.
Japan Coin Auction (JCA)
Tokyo
Holds regular auctions with reliable hammer price data, making it a useful resource for tracking market values. Caters to a wide range of collectors from beginners to advanced buyers.