Skip to main content
Go to accessibility notice


    Finest PMG Graded 1927 Japan 200 Yen Specimen

    Japan Bank of Japan 200 Yen ND (1927) Pick 37Bs Specimen.
    Unlike the ornately designed contemporary notes of Japan, this austere design was introduced as a response to bank runs, price depression, and financial instability arising from the Showa Financial Crisis of 1927, and subsequent shocks of 1930-31. These notes were prepared in order to attempt to shore up banks from any possible runs, as a part of Finance Minister Takahashi Korekiyo's (who was later featured on the 50 Yen note) plan to cushion large shocks to the economy. Eventually, only a few notes of this design were issued (all with block 1), most likely due to infighting within the government and ministry in regards to re-inflating the economy through printing banknotes. As a result, these Specimens with placeholders for block numbers are often the only available examples of this uniface design.

    This is the finest example we have featured, and the sole finest graded of this type in the PMG Census. The last example we have offered of this type was an About Uncirculated 50 EPQ note from the Dr. Norman Jacobs Collection in 2011, which realized $19,550. This only Gem example from another storied collection is expected to far surpass this previous record. PMG Gem Uncirculated 66 EPQ.
    From the Feeling Good Collection

    View all of [The Feeling Good Collection, Group I ]

    Auction Info

    Auction Dates
    August, 2018
    17th Friday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 866

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2021 April 21 - 27 Central States World Paper Money Signature Auction - Chicago.

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search