OSAKA--Shiny new coins engraved with the new era name “Reiwa” will soon be rolled out to banks across Japan and into general circulation.

Japan Mint on July 11 started minting 500-yen ($4.60) and 100-yen coins with “Reiwa Gannen” (the first year of Reiwa) incused.

At a ceremonial first minting event held at the mint in Osaka’s Kita Ward, new coins began pouring out of a coining machine in rapid succession almost immediately after Finance Minister Taro Aso and other officials pushed a button.

The mint’s Osaka facility has about 20 coin press machines, with each producing 750 coins per minute.

New coins are expected to be delivered to the Bank of Japan as early as July, then hit the streets through financial institutions.

Japan Mint will start producing Reiwa coins that are smaller in value on an as-needed basis in the future.

Typically, the mint prepares a new metal mold ahead of the change of the calendar year so that coins featuring the latest year can be produced as early as possible.

This year was different because the new era name was to be announced in April, prompting Japan Mint to also order a new mold with the Reiwa name.

Japan Mint also started on July 11 producing a special gold coin and a 500-yen bi-color clad coin commemorating Emperor Naruhito’s ascension to the Chrysanthemum Throne. It is accepting orders for these coins at its online shop.