The discovery of 500,000 ceramic coins, known as maboroshi coins, in Kyoto is unprecedented, as these were previously destroyed en masse at the end of World War II.
In 1944, Japan dedicated nearly all of its available metal resources to military production, necessitating the creation of alternative currency, like ceramic coins, which became known as phantom coins.
Shofu Kogyo Co. played a vital role in producing ceramic coins shortly before the end of World War II, but the inventory was destroyed before it could be circulated.
The vast cache of ceramic coins, found in a warehouse, significantly alters the understanding of Japan's wartime economy and the currency that could have been.
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