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coin collecting

 
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kimiki



Joined: 19 Dec 2008
Location: south korea

PostPosted: Mon Feb 07, 2011 8:35 pm    Post subject: coin collecting Reply with quote

i've begun to casually collect coins and bills of places i visit that seem of interest. here in SK, the oldest one i've found is a 100 won piece dated 1973. anyone seen any older ones? if not, does anyone know why they're not in circulation?
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jhuntingtonus



Joined: 09 Dec 2008
Location: Jeonju

PostPosted: Thu Feb 10, 2011 2:08 am    Post subject: Reply with quote

They go back only to about 1966 (10, 50, 100 won) and 1983 (500 won). There are two good coin shops just off the main drag in Insa-dong - they both offer a good book (in Korean) of Korean coins and paper money, for 10,000 won or so.
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sojusucks



Joined: 31 May 2008

PostPosted: Thu Feb 10, 2011 2:33 am    Post subject: Reply with quote

OP, have you been to the Bank of Korea Museum?

http://joongangdaily.joins.com/article/view.asp?aid=2931807
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kimchi_pizza



Joined: 24 Jul 2006
Location: "Get back on the bus! Here it comes!"

PostPosted: Fri Feb 11, 2011 4:07 am    Post subject: Reply with quote

jhuntingtonus wrote:
They go back only to about 1966 (10, 50, 100 won) and 1983 (500 won). There are two good coin shops just off the main drag in Insa-dong - they both offer a good book (in Korean) of Korean coins and paper money, for 10,000 won or so.


Actually, that's not totally correct. The first coins used by the current Korean government was used in 1959. They had 10, 50, and 100 hwan (환) coins actually minted in the U.S. but used in S.K. in 1959 and 1961,
but they didn't use C.E. dating, but dating from Korea's traditional founding. For example, on the coins, it's printed "4292" meaning 1959 and
"4294" meaning 1961.
I have several ground dug coins from that peroid, but that shop you mentioned offers a set for a cheap price, i.e. low value!

I just want to put in a good word that down that alley on the right and last shop before you hit a garbage collecting site is an old-timer with a tinge of the ancient himself and shop, but he's a stand-up guy. If he has something on display that's fake, he'll tell you; if it's the real deal he tells you. Not overly friendly but, but he's fair and honest if you're into coin collecting. I've taken a number of ancient coins to him for dating and value and he's always been helpful.
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kimiki



Joined: 19 Dec 2008
Location: south korea

PostPosted: Fri Feb 11, 2011 6:06 am    Post subject: Reply with quote

sojusucks wrote:
OP, have you been to the Bank of Korea Museum?

http://joongangdaily.joins.com/article/view.asp?aid=2931807


i haven't, but now i will and i can't wait... thanks!
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kimiki



Joined: 19 Dec 2008
Location: south korea

PostPosted: Fri Feb 11, 2011 6:16 am    Post subject: Reply with quote

i've been to insadong so many times i'm surprised i've not seen these stores you're referring to.... but i'll make it a point to track them down next time, 10,000 won book place, stand-up but not so friendly guy's place, and any others i see too Smile

thanks for your replies, this info is just what i was looking for

any details though on specific locations? there are so many alleys there it's hard to keep track-- (that's part of the fun though, isn't it)
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AsiaESLbound



Joined: 07 Jan 2010
Location: Truck Stop Missouri

PostPosted: Fri Feb 11, 2011 7:16 am    Post subject: Reply with quote

It was comical how a banker laughed at me today when I plopped down 6 peanut butter jars of coins worth 244,000 won. I jokingly said, "It's heavy so don't strain yourself too much," and he carried them one by one for the sorting and counting machines. I too collect samples of currency every where I go, but it's not that often I end up with in the ballpark figure of 15kg's!

Many of the 10 and 50 won coins are 1970's, but all the shiny aluminum 500 won coins I can remember are from the 1990's and 2000's. I'm quite the collector of small coins and notes, especially those that are colorful, weird, and just oddly different like Hong Kong dollar coins resembling flattened out hamburgers and the colorful artistic Euro as well as the baht with the king of Siam on it. My favorite Korean money is the yellow note with a shiny silver strip, a tree, and a woman on it. For serious collectors check this out. http://en.wikipedia.org/wiki/Numismatics
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computermichael



Joined: 01 Jul 2010
Location: Anyang

PostPosted: Sat Feb 12, 2011 4:34 am    Post subject: Reply with quote

I got one of the 1983 red 1000 won bills as change at the grocery store a few weeks ago that I've been holding on to. I'm sure its value is about 1000 won, but it has a special place in my heart because it looks different.
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jhuntingtonus



Joined: 09 Dec 2008
Location: Jeonju

PostPosted: Sun Feb 13, 2011 2:28 pm    Post subject: Reply with quote

kimchi_pizza wrote:
jhuntingtonus wrote:
They go back only to about 1966 (10, 50, 100 won) and 1983 (500 won). There are two good coin shops just off the main drag in Insa-dong - they both offer a good book (in Korean) of Korean coins and paper money, for 10,000 won or so.


Actually, that's not totally correct. The first coins used by the current Korean government was used in 1959. They had 10, 50, and 100 hwan (환) coins actually minted in the U.S. but used in S.K. in 1959 and 1961,
but they didn't use C.E. dating, but dating from Korea's traditional founding. For example, on the coins, it's printed "4292" meaning 1959 and
"4294" meaning 1961.
I have several ground dug coins from that peroid, but that shop you mentioned offers a set for a cheap price, i.e. low value!

I just want to put in a good word that down that alley on the right and last shop before you hit a garbage collecting site is an old-timer with a tinge of the ancient himself and shop, but he's a stand-up guy. If he has something on display that's fake, he'll tell you; if it's the real deal he tells you. Not overly friendly but, but he's fair and honest if you're into coin collecting. I've taken a number of ancient coins to him for dating and value and he's always been helpful.


I know about the older coins - the OP was asking about ones in circulation. Noncirculating ones go back not years, but centuries, before the 1950s.

The two InsaDong stores are:

#1 - There is a street with a McDonalds on it, the restaurant sort of 500m west of InsaDong's main street. Walk on it straight through the main InsaDong intersection - the coin shop is just past the intersection, on the left, marked with an appropriate sign on top.

#2 - From store #1, turn left on the InsaDong main drag. About two small intersections later turn right, down one of those small dead-end streets. It's on the right - they have sets of coins outside the store and more inside.
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