Friday, 10th December 2004 (7718 views)

Japanese gold coins that were confiscated during World War II are to be sold by the government.

Over 30,000 coins, which date back to 1870, will be sold after being kept in a vault in Japan's Ministry of Finance, according to SMH.

The coins were confiscated in the past by Allied forces, but were given back to Japan after signing the Treaty of San Francisco.

Gold currency was returned in 1959 but many of the coins remain in the treasury.

According to a Ministry of Finance spokesman the government is getting advice on the coins' value and how best to sell them.

At present an Internet sale is being considered and reports suggest there is currently a strong world market in gold coins from Japan.

 

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