Starting in 1862,
daimyō Shimazu Nariakira of
Satsuma Domain ordered for the production of coinage known as
Ryūkyū Tsūhō (琉球通宝, "Ryukyu Currency"). As the name suggests, the coins were ostensibly meant for circulation within the
Ryukyu Kingdom, which was a vassal of Satsuma Domain. However, the coins were never actually introduced in the Ryukyu Kingdom, which continued to use Japanese and Chinese
cash coins. Instead, the Ryūkyū Tsūhō coins were a means for Satsuma Domain to produce additional currency to combat its government deficit while circumventing the
Tokugawa Shogunate's restriction on minting currency like the
Tenpō Tsūhō, which could only legally be produced at the
Edo Mint. These efforts were successful, and the Ryūkyū Tsūhō entered wide circulation not only in Satsuma, but also in
Japan's other provinces soon after their production. In total, around one million
ryō worth of Ryukyuan coins were minted from 1862 to 1865. The coins were released in two denominations, the first with a face value of 100
mon (
ryō), and the second with a face value of of a
shu (125 mon, ryō). As these coins were minted in Satsuma Domain, they bear the
mark of the
katakana character "sa" () stamped on their edge. On the 100-mon coin, this can be found on the left and right (long) edges, while on the half-shu coin, it can be found on the edge just above the character 寳
hō on the left side of the obverse.
100-Mon Coin The 100-mon Ryūkyū Tsūhō was modeled after the official Japanese
Tenpō Tsūhō () coin of the same denomination, being ellipse-shaped and having a square hole in its center. Its obverse has the words
Ryūkyū Tsūhō (琉球通寳, "Ryukyu Currency"), and the reverse has
tō hyaku (當百, "worth 100 [mon]"). The coin weighed
5 monme and 5 fun (equivalent to 20.6 grams), and it had dimensions of 49
mm by 32 mm. Like the Tenpō Tsūhō after which it was modeled, it was heavily
debased when compared to 1-mon coins, being merely 6 to 7 times as heavy as a typical 1-mon coin. Despite its face value of 100 mon,
Satsuma Domain ordered that it would circulate at the value of 124 mon, which made it a profitable coin to manufacture. == See also ==