South Korea KE4292 10 hwan

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Stack's Bowers February 2024 Collector's Choice sale, lot 75363
note the die clash on the reverse

This specimen was lot 75363 in Stack's Bowers Collector's Choice sale (Costa Mesa, CA, February 2024), where it sold for $240. The catalog description[1] noted, "KOREA, SOUTH. 10 Hwan, KE 4292 (1959). PCGS MS-64 Red Brown. Glossy and near-Gem, with abundant reddish color remaining." This type was struck again in 1961. The 1961 is common while the 1959 is scarce; there must have been a major melting. While there are about 51 million people in South Korea today, in 1959 the population was only 25 million. We don't know why such a large mintage was deemed necessary.

Recorded mintage: 100,000,000.

Specification: 2.46 g, bronze, 19.1 mm diameter.

Catalog reference: KM-1.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, February 2024 World Collectors Choice Online Auction, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.

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