In Japan, the first of October marks the 50th anniversary of the Shinkansen train lines and to commemorate, the Ministry of Finance will be releasing special 1,000 yen coins.
The Shinkansen Opening 50th Anniversary Coin is much more brightly colored than the average coin and features the train alongside cherry blossoms and Mt. Fuji. The pricy little coin is made from 31g of sterling silver and as a commemorative coin, costs a much steeper 8,300 yen than the 1,000 yen it is labeled as—this is definitely not one you will want to lose. As the 50th anniversary date of the Shinkansen draws closer, Japan's Ministry of Finance will also be announcing a limited edition 100 yen coin that will also be a beautiful collector's coin, but it will put less strain on your wallet.
Commemorative Train Coins
The Ministry of Finance Japan's 1000 Yen Coin Celebrates the Shinkansen
Trend Themes
1. Commemorative Coins - There is an opportunity to expand the market for commemorative coins for various significant events or milestones.
2. Collectible Coins - There is potential for the production of more collectible coins that feature cultural or significant landmarks to boost sales and attract local and foreign collectors.
3. Limited Edition Coins - Limited edition coins could be produced for various occasions and events that would entice coin collectors, generating a greater demand for these products.
Industry Implications
1. Numismatics - The numismatics industry could benefit from the production of commemorative coins where collectors are willing to pay higher prices for unique and significant coins.
2. Travel and Tourism - The travel and tourism industry could leverage commemorative coins or limited edition collectibles featuring famous sites, landmarks or tourist attractions to generate more revenue and attract new visitors.
3. Government Finance - Governments can increase revenue by producing and selling the collectible coins to the public, and use that income to further fund government projects or initiatives.