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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.
The Bank of Korea announced in early 2006 its intention to redesign the 10 won coin by the end of that year. With the increasing cost of production, then at 38 won per 10 won coin, and rumors that some people had been melting the coins to make jewelry, the redesign was needed to make the coin more cost-effective to produce. [13]
North Korean won, the present currency of North Korea; It can also refer to these historical currencies: Korean Empire won, 1900–1910 currency in the Korean Empire; Won of the Red Army Command, 1945–1947 currency in northern Korea under the Soviet Civil Administration; South Korean won (1945–1953) South Korean hwan, 1953–1962 currency
In September 2011 a 5 jeon coin from 1909 was at auction for $138,000. [3] The 5 won gold coins are dated to have been produced in the years 1908 (隆熙二年) and 1909 (隆熙三年). [3] Only two known pieces of the 1909 version of the 5 won are known to be extent, one of these pieces was sold at an auction for $460,000 in September 2011. [3]
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 ...
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.
On History Channel's hit show "Pawn Stars," a man came in to sell a 1907 Saint-Gaudens double eagle $20 gold coin. The coins are extremely rare, and some of them have sold for more than $1 million ...
The Unicode code point is U+20A9 ₩ WON SIGN: this is valid for either appearance. Additionally, there is a fullwidth character at U+FFE6 ￦ FULLWIDTH WON SIGN (in the block halfwidth and fullwidth forms ).