Far East Journal Volume 10 | Arrow Tokyo

Far East Journal Volume 10


Learning from the past . . .

Looking back at history and the events that brought us to where we are is a good way to learn and grow. So too in Numismatics, rediscovering past events can enlighten and educate us.  Bearing this in mind, I’ve decided to post all 12 issues of the Far East Journal, (FEJ) newsletter over the coming months on this website.

This newsletter was a created in 1978/79 by myself and a few friends who were also involved in Japanese numismatics at the time. The main contributor was feature editor Michael L. Cummings (MLC) who wrote many of the stories and articles. I could not have done this without him. Sadly, Mike passed away in 2007.  During his time in Japan Cummings wrote two English editions of a book entitled ‘Modern Japanese Coinage’, the second was published by the FEJ.

Another person I would like to mention by name, who unfortunately is also no longer with us, is Hal Drake who was senior staff writer for Pacific Stars and Stripes at the time. He wrote the article on the destruction of Military Payment Certificates (MPC) in issue No. 9. I, myself had a direct connection to MPC, having used them both in Vietnam and Japan during my time with the military and the Pacific Stars and Stripes newspaper from 1967 to 1978.  I often think if only I had known the future collectors/investors market for Military Payment Certificates, I would probablt not be doing what I'm doing now!  I hope you enjoy these brief glimpses into the past in relation to Japanese numismatics.   --Herb Cook

Vol. 1 No. 10 (April 1979)

The sale of a rare Chinese Tael as well as the plethora of shows happening in late May and June of that year made up the lead in to the 10th issue of the FEJ publication. The now usual inclusions of “Exonumia – Japanese Mint Medals” and the history of Japanese coinage is continued in this series along with the latest market prices. The number of shows that were happening worldwide at this time of the year was actually quite interesting. Tokyo, Memphis and L.A. hosted coin shows which included MPCs and collectibles such as the 1 Yuan Central Bank Of Manchukuo flag note from 1932.