The government decided at a Cabinet meeting Friday to issue coins to commemorate the enthronement of the Emperor. A total of 50,000 gold coins with a face value of 10,000 yen and 5 million copper coins with a face value of 500 yen will be minted.
Of the gold coins, 20,000 will be sold for 140,555 yen each, including tax. The remaining 30,000 gold coins will be offered as a set with a copper coin, each priced at 142,593 yen.
Applications for the purchase will be accepted online or by postcard for about three weeks from July 11.
The remaining 4.97 million copper coins will be sold at financial institutions throughout the nation at face value.
The front of the gold coin depicts a phoenix powerfully spreading its wings. The Takamikura Imperial throne -- where the Emperor will proclaim his enthronement during the Sokuirei-Seiden-no-gi ceremony on Oct. 22 -- is depicted on the front of the 500 yen coin.
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