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New Web Article On Korean Coins

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Valued Member
mlov's Avatar
United States
156 Posts
 Posted 09/28/2014  12:18 am Show Profile   Bookmark this topic Add mlov to your friends list Get a Link to this Message Number of Subscribers
A good number of people here seem to be interested in numismatic history, and history in general, so...

I've finished writing and preparing this new web-article on the South Korean "Hwan" coins, if you're interested:

http://www.dokdo-research.com/hwancoins.html

These coins were South Korea's very first circulation coins, and played a role in a currency reform.

If you find your eyes glazing-over from the long-winded narrative, just skip around and read the captions under the images. That may be more fun.

I hope it's entertaining/informative on some level...
Valued Member
Australia
193 Posts
 Posted 09/28/2014  07:46 am  Show Profile   Bookmark this reply Add agandau to your friends list Get a Link to this Reply
You have made a very professional production. Excellent information. I like the way you have arranged the layout of the pages. Some people get so caught up in the information they forget the importance of presenting it. But not you. Your layout is solid and attractive. Thank you for adding to the field.
Pillar of the Community
Australia
3831 Posts
 Posted 09/28/2014  09:20 am  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
This is a pretty full on research and kudos to you Mark as usual!

Just wondered if there is an error in this - in the production chart where you have the weight of the 100, 50 and 10 hwan, they are noted as 104, 57 and 38 grams respectively.

Also the melt down rate for the 100 hwan coin seems to be quite staggering - at 315 metric tons. I believe the weight of the 100 hwan coin is at 6.74g. Total mintage of 100 hwan coin is 50 million. So in total, that would be 337 metric tons. So the survival rate after the meltdown for the 100 hwan coin is just a mere 3.26 million! (assuming if the melted down figures are accurate) To me, I found it difficult to find a decent 100 hwan coin. Fair enough, the mintage of 1970 100 won coin is a lot lower at 1.5 million and is tough to find in UNC condition.

And finally the hot topic of who EvH is - I still reckon it is a mint master in the US mint with a German / Dutch name - this way it would explain the small letter 'v' such as "von" or "van". If anyone has a reference with US mint sculptors or engravers, can you please kindly look it up?

For a random thought - I was thinking of Rhee's second wife - Franziska Donner. If that is pronounced in Hangul, it would be Ri Pu ran (from what I googled). So if an English speaker attempted to pronounce it (back in the days of Wade Giles), would it be EvH? Probably too far fetched...
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
Matteproof's Avatar
Korea, Republic Of
1881 Posts
 Posted 09/28/2014  11:21 am  Show Profile   Bookmark this reply Add Matteproof to your friends list Get a Link to this Reply
Excellent article on Korean numismatics and history, all in one.
So much great information in that article, with all the numismatic infos connected with history.
This should help a lot of foreign numismatists that wish to collect/learn more about South Korean numismatics, as well as Korean collectors like me that want to read a good numismatic article.

I searched up E. von H. , E. van H. , EvH, list of US mint engravers and designers, etc. but the closest that I got to the solution were this thread and another thread on the same topic on Cointalk. Can I use the image in your website to ask what the initials may stand for in a Korean forum? They might know something about it.
Valued Member
mlov's Avatar
United States
156 Posts
 Posted 09/28/2014  12:59 pm  Show Profile   Bookmark this reply Add mlov to your friends list Get a Link to this Reply
gx: YES, I noticed that the grams figures never did jibe. That bothered me, but I never made the connection, and I looked at it again and again. Looking back NOW at the original US Mint production chart for foreign coins xcel file, I notice my error: I was looking at the figures for "grains" and not under the column for "grams" (duh). I guess I was getting punchy or something... No wonder the math never worked out when I tried to figure the weight of those 50 Hwan coin crates. Now it works: 12,000 X 6.73=80,760g and that in pounds is 97 lbs. With the weight of the box, that is reasonably 108 lbs.

And the melt-down rate figures: These seem accurate. Perhaps they didn't use the entire quantity and sold the rest? Selling the metal was an option that the SK govt was toying with at the time. The 315mt figure comes from Jo Byung-soo's book, Korean Commemorative Coins. Barring any other information on this, which probably doesn't exist unless someone can pry this information from KOMSCO, this is what I'll have to use.

And I don't see much of a problem in finding good-condition 100 Hwan coins, actually. I easily found two examples for my UNC/BU collection. Perhaps there's more over here in North America in decades-old 2X2s, which both of mine were.

Thanks for the correction!

Matteproof: PLEASE use the image from my site (with site link, if you can) and ask around that Korean forum. I have found that I cannot access Korean forums because I don't have a Korean National ID number (주민"륵증) to become a member of Naver or the other blogs. Is there one that doesn't require this?
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