The Finance Ministry said Friday that it will issue two types of coins commemorating the enthronement of Emperor Naruhito.
The new coins will have denominations of ¥10,000 and ¥500. The ¥10,000 coin will be made of gold and the other mainly of copper.
The gold coin will be sold via mail order from Japan Mint for ¥140,555, while the copper one will be available for face value at financial institutions nationwide.
The obverse face of the gold coin features an embossing of a phoenix and auspicious clouds, symbols of the emperor. The obverse face of the copper one shows the imperial throne, consisting of a seat on a curtained octagonal dias, to be used in Emperor Naruhito’s enthronement ceremony in October.
The reverse sides of both feature the chrysanthemum crest of the Imperial Family and a Japanese cherry birch and beach rose, symbols of the emperor and the empress, respectively.
The Japan Mint will issue 50,000 gold coins and 5 million copper coins, with 30,000 of the gold ones combined with copper ones to form sets priced at ¥142,593 each.
The mint will accept applications for the gold coins and the two-coin sets for about three weeks starting July 11. A lottery will be held if demand exceeds supply.
The copper coins are scheduled to become available in October.
Emperor Naruhito ascended the throne on May 1 after his father, Emperor Emeritus Akihito, abdicated the previous day.