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Auction: 20009 - World Banknotes
Lot: 269

(x) Tonoki Coal Mine, Japanese private issues, 10, 50, 100 kin of coals, 1905-06, Menji 38-39 (Pick unlisted), 10 and 50 kin about uncirculated, 100 kin extremely fine, 1 kin equals to 600 gram. It was common practice for mine owners to issue their own currency to pay workers. They can only be used in shops managed by the mine, or they can be exchanged for cash at a fixed rate on a specific day. On other days, the exchange could increase by 20 to 50%, making it difficult to get cash quickly. These examples were not redeemed as the date have been left blank, only filled in when the notes are redeemed. Interesting and rare (3 notes)

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Estimate
£400 to £500

Starting price
£400