Countermark gin Y#28a.5 on a 1 yen year 28 (1895) Y#A25.3 Japan Tokyo chopmarks

Countermark gin on a 1 yen year 28 (1895), Japan, Tokyo (Gin mark of the right)
Y#28a.5 on a Y#A25.3.
Chopmarks and cleaned.


Existence of the countermarks was due to Japan adopting gold standard in March of Meiji year 30 (1897), which resulted in price drop in silver, enabling oversea merchants exchange for gold from the government, leading to huge outflow of gold and inflow of silver. 
By applying countermarks, the silver yen were able to be exported to Taiwan, Korea and southern Manchuria (in which at that time under Japanese control) for circulation or sold as bullion in Shanghai or Hong Kong. At the same time, preventing countermarked silver yen returning to Japan for further gold exchange. 
Such measure were enacted in October 1897 but cancelled in March the following year due to market confusion.
(Source Numista)

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