According to "Kinginzuroku" (Gold & Silver catalog) and "Dainihon Kaheishi" (Great History of Japanese Currency), it was cast in 1595, however, this was contradictory to the theory that Suruga Sumigaki Koban was initiated by Ieyasu; therefore, another theory holds that it was ordered to cast by Kazuuji NAKAMURA, vassal of Hideyoshi TOYOTOMI.
『金銀図録』および『大日本貨幣史』によれば、文禄4年（1595年）鋳造となっているが、この説を採ると駿河墨書小判が家康のものであることと矛盾が生じ、豊臣秀吉の家臣である中村一氏が鋳造させたものであるとの説もある。