1870 (Meiji Year 3) Japan 10 Sen Silver Coin – Dragon – PCGS MS67

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Certification details

PCGS Certification number: 41571743

Grade: MS67

Nominal value: 10 Sen

Year: 1870

Diameter: 17.6

Name: (1870) M3 10 Sen Shallow Scales JNDA 01-23

Country: Japan

Material: Silver

Weight (g): 2.5

Major Variety: Shallow Scales JNDA 01-23

Catalog Number: PCGS 500418

PCGS Catalog Number: 500418

???? 1870 (Meiji Year 3) Japan 10 Sen Silver Coin – “Shallow Scales” Dragon – PCGS MS67 – Rare Japanese Numismatic Treasure

At Goldsilverjapan, we are proud to present an extraordinary piece of Japanese numismatic history: the 1870 (Meiji Year 3) Japan 10 Sen Silver Coin, known among collectors as the “Shallow Scales Dragon” variety. Certified by PCGS in a superb Mint State 67 (MS67) grade, this coin is not only a tangible artifact of Japan’s Meiji-era modernization but also one of the finest-known survivors of its type.

Historical Context – Japan’s Meiji Coinage Reform

The year 1870 (Meiji 3) marked a turning point in Japan’s history. Following the Meiji Restoration of 1868, Japan embarked on a rapid transformation from a feudal society into a modern nation-state. One crucial step in this modernization was the establishment of a new decimal-based currency system, modeled after Western economies.

Before this reform, Japan’s currency was fragmented, with kobans, ichibus, and other Tokugawa-era coinage in circulation. The Meiji government recognized the need for a standardized system to integrate Japan into the global economy. Thus, in 1871, the New Currency Act (Shinka Jorei) was enacted, introducing the yen as the national currency, subdivided into sen and rin.

The 10 Sen silver coin struck in 1870 (dated Meiji 3 on the coin) was among the very first modern Japanese coins, symbolizing Japan’s entry into the international monetary order.

Design Features – The Dragon and the Rising Sun

The artistry of the Meiji 10 Sen reflects both Japanese tradition and modern influences:

Obverse – The Coiled Dragon

The obverse features a powerful coiled dragon, a symbol deeply rooted in East Asian mythology. Dragons represented strength, wisdom, and imperial power, making them an ideal emblem for the newly restored Meiji government.

The dragon’s scales are lightly engraved in this variety, hence the designation “Shallow Scales.” Later strikes featured deeper scales, creating a clear distinction for collectors.

Around the dragon, the Japanese legend reads “本日大日本” (Dai Nippon, Great Japan), with the denomination “十 銭” (10 Sen) below.

Reverse – The Rising Sun and Chrysanthemum

The reverse displays the Imperial Chrysanthemum Crest (Kikumon), the official symbol of the Emperor, at the top. At the center is the Rising Sun, radiating outward with fine rays, symbolizing Japan as the “Land of the Rising Sun.”

Flanking the sun are Paulownia and Chrysanthemum wreaths, representing prosperity and imperial dignity.

At the bottom, tied with a ribbon, the wreath completes a harmonious design inspired by both Japanese and Western coinage traditions.

Specifications

Issuing Authority: Empire of Japan

Date: Meiji Year 3 (1870)

Denomination: 10 Sen

Composition: Silver (.800 fineness)

Weight: 2.7 grams

Diameter: 18.8 mm

Mint: Osaka Mint

Variety: Shallow Scales Dragon (JNDA 01-23)

Edge: Reeded

Certification: PCGS #500418.67 / Cert. No. 41571743

Grade: MS67 (Superb Gem Uncirculated)

The “Shallow Scales” Variety – Collector Significance

Among Meiji-era coins, the Shallow Scales Dragon holds a special place. When the Osaka Mint began production in 1870, several early dies produced dragons with fainter, shallower scales. These were soon replaced by dies with deeper engraving, making the Shallow Scales type a distinct and scarcer variety.

Collectors prize this variety for:

Historical status – one of the very first silver coins struck in Japan’s modern system.

Varietal distinction – shallow vs. deep scales, a feature carefully studied by specialists.

Relative scarcity – fewer examples survive in high grades compared to later issues.

Grading and Condition – PCGS MS67

Graded MS67 by PCGS (Professional Coin Grading Service), this coin represents the pinnacle of condition rarity.

Mint State 67 means the coin exhibits full original luster, sharp details, and virtually no contact marks visible to the naked eye.

Only the slightest imperfections may exist under magnification.

For a coin over 150 years old, surviving in such immaculate condition is extraordinary.

In the global marketplace, MS67 examples of Meiji silver coinage are exceedingly rare, often commanding strong premiums due to intense collector demand.

Market Rarity and Investment Value

The Meiji 10 Sen Shallow Scales is not merely a collectible but also an investment-grade asset in the numismatic world.

Factors driving its value:

Historical significance: A foundational piece of Japan’s modern monetary system.

Condition rarity: PCGS MS67 places it in the top population tier.

Collector demand: Growing global interest in Asian numismatics, particularly Meiji-era silver.

Limited supply: Surviving examples in such grades are exceptionally few.

For investors, this coin represents both historical security and potential appreciation, particularly as Japanese numismatics gain more recognition worldwide.

Symbolism – A Nation Reborn

This coin is more than silver. It is a symbol of Japan’s rebirth.

The dragon evokes ancient tradition and imperial might.

The rising sun heralds Japan’s entry into the modern age.

The Meiji coinage system reflects Japan’s determination to stand as an equal among world powers.

Owning such a coin is akin to holding a chapter of Japan’s story — a story of resilience, transformation, and ambition.

Why Choose Goldsilverjapan?

At Goldsilverjapan, we specialize in premium numismatics and precious metals from around the world, with a strong emphasis on Japanese coins and bullion. Each item we offer is:

Authentic and certified – backed by PCGS, NGC, or direct mint certification.

Curated for quality – we hand-select coins that represent the finest standards in numismatics.

Global reach, Japanese trust – based in Japan, serving both domestic and international collectors.

By purchasing from Goldsilverjapan, you join a trusted community of collectors who value history, rarity, and excellence.

Conclusion – A True Meiji Masterpiece

The 1870 (Meiji 3) Japan 10 Sen Silver Coin – Shallow Scales Dragon – PCGS MS67 is not just a collectible, but a national treasure in miniature form. Its survival in such pristine condition after more than 150 years is remarkable.

For the advanced collector or discerning investor, this coin represents:

A rare opportunity to own one of the finest-known examples of Japan’s first modern silver coinage.

A historical link to the Meiji era, when Japan reshaped itself into a world power.

An investment-grade asset with long-term value supported by condition rarity and global demand.

✨ Secure this masterpiece today at Goldsilverjapan and own a defining symbol of Japanese numismatic heritage.