This Meiji 3 (1870) Type 2 One Yen Silver Coin is notable for its unique design elements, including edged small scallops, which make it particularly desirable among numismatists focused on historical Japanese currency.

Graded AU58 by PCGS, this coin exemplifies the intricate craftsmanship of the Meiji era, a pivotal period in Japan's modernization and economic reform.

Given that only a limited number of these coins were minted, it often captures the interest of collectors who appreciate both its rarity and its historical significance.

The current bid reflects a strong interest in authenticated pieces like this, which retain their value within the Japanese market due to their superior condition and certified authenticity.