JAPAN. Imperial Japanese National Bank. 1 Yen, ND (1877). P-20.A highly scarce design which is the first we can recall handling. The note is seen with black primary inks making up the sailors at the helm vignette at right and ornate scroll patterning at left. A yellow-brown under-printing covers the face and red and green overprinted details add to the appeal. The verso design is mentioned with Ebisu at center who is the God of household thrift and industry. Great paper body remains and the note has even circulation and problem free paper. A rare item which will likely attract significant attention.PMG Very Fine 30