Korea (1898) 1/4 yang KM-1117

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from the Stack's Bowers 2018 NYINC sale, lot 24284
Courtesy of Stack's Bowers Auctions

This specimen was lot 24284 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $50. The catalog description[1] noted, "KOREA. 1/4 Yang, Year 2 (1898). PCGS EF-40 Secure Holder. Toned." The other variety for 1898 (KM 1118) is fairly common and is actually a Japanese counterfeit authorized for circulation. Korea, long a protectorate of the Chinese empire, was attempting to organize herself as a fully independent nation when she fell victim to the power struggle between Russia and Japan. Japanese influence, predominant after the Sino-Japanese war of 1895, was challenged by Russian expansionism in the late 1890's. This culminated in the Russo-Japanese war of 1905 and Russian defeat. Japan annexed Korea in 1910 and colonized her until 1945.

Recorded mintage: unknown but common.

Specification: copper-nickel.

Catalog reference: KM-1117; K&C-36.1.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

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