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 Replies: 35 / Views: 12,624 |
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Pillar of the Community
Australia
3831 Posts |
This is odd. If you copy and paste the link, it works fine. Maybe CCF's redirection is not working properly. To explain why it is no longer mun, the old currency mun had to go as the public had little faith in their own currency. It was well known that some mints were defrauding the public by melting down good quality copper coins to cheap debased coins. It is speculated that one good quality coin was melted down to make THREE coins at the same face value. The denomination yang was only introduced in 1892 and disappeared by 1902 when Korea's currency slowly favored Japan. The real difference is with the yang is that silver is introduced in the mix for general circulation and this at least raised the public's perspective of having 'good quality coinage'. 1 yang is supposed to be in the techical weight of 5.2g of 90% silver  The 5 yang coin (1 hwan) is struck in similar composition as of a Japanese 1 yen coin that circulated at that time. I believe 1 yuan is around the same weight / composition as well.  |
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Valued Member
 Korea, Republic Of
489 Posts |
Although gxseries is killing these questions for you, I think you are talking about the Korean dramas with a setting based in the Dynasty. Thus, I think the 'yang' you are talking about is nowhere near as valuable as the 'won' since the won didn't exist then.
Korean currency is broken down into insanely fractionized(not a word I know) coins. During the Joseon period, 20kg of rice was bought with 1 Yang(Niang). NOT the 1 Yiang you see in the pictures, however. 1 Yang is broken down into 10 Jeon, which was then broken down into 100 Pun. So in the Korean dramas they are talking about big bucks when they mention the Yang. Imagine that one Yang can pay for 20kg or rice. That is a lot of money back then.
When coins transition out of Joseon Dynasty and into the Korean Empire/Japanese occupation, I am well outside of my safe zone. There was just too much going on in the period between the end of the Joseon Dynasty until Liberation; especially with regards to currency.
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Bedrock of the Community
United States
12477 Posts |
Quote:
Korean currency is broken down into insanely fractionized(not a word I know) coins. That's part of what makes it difficult to follow (along with other systems!). Also, I think that the most acceptable word is fractionalized. I could be wrong, but it sounds the best to me.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
Korea, Republic Of
489 Posts |
I should try to research hard into this and make a video that connects all of the currencies together. LOL
Thanks, you are right. Its fractionalized.
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Valued Member
United States
56 Posts |
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Valued Member
United States
56 Posts |
There are 2 varities of the 5 Mun, besides the white metal stuff. One minted in Yr 495 and 497
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Pillar of the Community
Australia
3831 Posts |
The coin dated 1886 is a pattern whereas the 1888 5 mun was struck for circulation. 1888 5 mun coin  Edited by gxseries
01/31/2018 8:58 pm
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Valued Member
Korea, Republic Of
489 Posts |
I just.... I want all of them. I am super excited for the Hwadong Auction up in March.
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Valued Member
United States
413 Posts |
@ Lembafc, thank you for answering my question re: nyang. Yes, you are correct about the Korean drama shows (or programmes) from Joseon era. I do not watch them much but I often wondered how much valuable nyang was, etc... I do know all about the mon or mun (similar to cash in China). I wanted to make a sense of nyang.
@ gxseries, I was able to clink on the link you posted here next day. I had read this wiki before. I was not satisfied with the information. That's why I asked the question especially when Lembafc posted a video about old Korean coins from Joseon era.
Thank both of you for taking time to answer my enquiry!! Appreciate it very much!
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Valued Member
Korea, Republic Of
489 Posts |
@Carrigna, I am glad you found the info you needed. :) I very much love Joseon and Goryeo Dynasty coins and have thousands of them, so if you ever have any questions, ask away~~
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Pillar of the Community
Australia
3831 Posts |
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Valued Member
Korea, Republic Of
489 Posts |
Man this turned out to be a much cooler thread than I intended. :) Awesome info gxseries!
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New Member
Korea, Republic Of
2 Posts |
Hi - I found this very interesting posting while looking for information on the Russo-Korean Bank - I am curious as to the dates. Lembafc said that the bank was established on March 8 but my information says March 1 and the closing I have is April 12 as opposed to Lembafc's May 9.
As to von Mollendorff - an interesting character and one of my favorites.
I would love to know more about the Russo-Korean bank as well as the mint and would greatly appreciate any information you can give. Lembafc - I hope to see you in Seoul sometime soon.
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Moderator
 United States
189603 Posts |
 to the Community, Han River! |
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Valued Member
Korea, Republic Of
489 Posts |
@Han River I got my information from one of the coin catalogues here in Korea. Something I noticed when I looked deeper into it was that different sources have different dates as well. Personally, I am still learning a bunch about that bank too! Are you a foreigner living here as well or a Korean?
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Replies: 35 / Views: 12,624 |
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Posted 01/30/2018 11:47 pm
