South Korea KE4294 10 hwan
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This specimen was lot 753 in Stephen Album internet sale 28 (Santa Rosa, CA, July 2024), where it sold for $60. The catalog description[1] noted, "KOREA (SOUTH): AE 10 hwan, KE4294 (1961), Rose of Sharon (Hibiscus syriacus), South Korea national flower, a wonderful example, PCGS graded MS64 RD." This type was struck before in 1959. 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.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Internet Auction 28, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2024.
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