2016-08-26 Fri

On 24th August, the host of the 2010 Olympics, Japan issued two new 1000 Yen weighing 31.1 Grams with a .925 silver content. These coloured coins as a part of the Olympic coin program.

The coins celebrate the Olympic hand-over ceremony, where the current host city hands over the Olympic flag to the upcoming host city. The Olympic flame was extinguished to conclude the event.

The coloured obverse designs feature the flags of the Olympic and Paralympic games, cherry blossoms representing Japan and Ipe-amarelo-da-serra tree flowers, representing Brazil.

The reverse features the symbol of the Tokyo Olympic and Paralympic games for 2020, the year of issue, and the denomination.

The mintage limit of both the coins is 50,000 pieces and the production is set to begin next month with shipping beginning from December, this year.