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The introduction of the 100 mun coin happened concurrent with the Tenpō Tsūhō 100 mon coin issued by the Tokugawa shogunate in 1835 (in reaction to government deficit), [33] the 100 wén coin by the Qing dynasty in 1853 (in reaction to the Taiping rebellion), [34] the Ryukyuan 100 mon [35] [36] and half Shu cash coins, [37] [38] [39] and the ...
The won was introduced in 1902, replacing the yang at a rate of 1 won = 10 yang. Units: 1 won = 100 jeon (錢), 1 jeon = 5 bun (分, "fun" ec. yesteryear spellings) of the preceding currency. Gold coins were produced in the denominations of 5, 10, and 20 won. All of these coins had a composition of 90% gold and 10% copper. [3]
Due to the devaluation of the first South Korean won (from 15 won to the U.S. dollar in 1945 to 6000 won to the dollar in 1953), the hwan was introduced in 1953 at the rate of 1 hwan = 100 won. The hwan was nominally subdivided into 100 jeon but the lowest denomination issued was 1 hwan.
A magnolia adorns the 1 won coin. [18] Initially struck in 2002, the coins were intended for use shortly after the dollar peg was removed from the currency. The 50 chon and 1 won coins were smaller than the previous designs, while the new 10 chon coin was the same size as the old.
List of most expensive coins Price Year Type Grade Issuing country Provenance Firm Date of sale $18,900,000 1933 1933 double eagle: MS-65 CAC United States: King Farouk of Egypt: Sotheby's [1] June 8, 2021 $12,000,000 1794 Flowing Hair dollar: SP-66 CAC United States Neil, Carter Private sale [2] January 24, 2013 $9,360,000 1787 Brasher ...
On January 21, 1982, the Bank of Korea approved a plan to issue 500 won coins to replace the existing 500 won banknotes, [4] and on June 12, 1982, 500 won coins were first issued. [5] On January 15, 1983, the Bank of Korea issued a 1 won coin, 5 won coin, 10 won coin, 50 won coin and 100 won coin that modified the design form to match the 500 ...
At the time of its introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen. In October of the same year the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devalued at 6000 won = 1 dollar. [1]
Japanese 500 yen coin (left) next to a similar South Korean 500 won coin (right) When the 500 yen coin debuted it was the highest nominally valued coin in the world. [21] In comparison the coin's purchase power was about double that of a two-pound coin (UK) in 2012. [21]