Iwami Ginzan

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Iwami Ginzan Silver Mine | High Value Silver for Coin Production

Iwami Ginzan Silver Mine | High Value Silver for Coin Production

Iwami Ginzan was a silver mine in Shimane Prefecture and now a World Heritage Site. The silver mine was active from 1526 until 1923 when the mine was closed off. Iwami Ginzan was a great source of silver in its early years, especially when it reached its peak in the 17th century. However production declined in its later years and the mine eventually closed. Much of the silver mined during the good years were used for coin production. The coins produced from the silver mined from Iwami Ginzan had particularly high value. In fact, it had the highest trading credit in East Asia, being used as currency in trades with foreign countries. Iwami Ginzan was recognized as a UNESCO World Heritage Site in 2007.

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