Hwadong-Poongsan Reveal Second Set Of 2018 Olympic And Paralympic Coins!

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Lembafc Valued Member Korea, Republic Of 489 Posts	Posted 05/11/2017 08:40 am This post will cover the translation of the article in the magazine, the pictures of the new coins, and the expected prices for them. Please note, these coins are a completely different set than the first 2018 Olympic coins that came out last year. '2018 PyeoNGChang Olympic Commemorative Coins (2nd Set)' & '2018 PyeoNGChang Paralympic Commemorative Coins' Production Decided Upon In support of the 2018 PyeoNGChang Winter Olympics, we would like to formally and widely announce, that the production date has been decided for the 2018 PyeoNGChang Olympic and Paralympic Commemorative Coin Sets. Production will begin on 1 November 2017. The Second 2018 PyeoNGChang Winter Olympic set will be composed of two gold coins, seven silver coins, and one brass coins (total of ten coins). This sets coins' FV and mintage are as follows: One gold coin, FV 30,000 won and mintage of 4,500/One gold coin, FV 20,000 won and mintage of 15,000/All seven silver coins will have FV of 5,000 won and a total mintage of 175,000/One brass coin, FV of 1,000W and mintage of 70,000. The 2018 PyeoNGChang Winter Paralympic set will be composed of one silver coin and one brass coin (total of two coins). The 2018 Paralympic coins' FV and mintage are as follows: One silver coin, FV 5,000 won, mintage 25,000/One brass coin, FV 1,000 won, mintage 70,000 Considering all of the twelve types of coins, a total of 359,500 coins will be minted. Below are pictures of the new coins: As for ordering, expect these coins to go on preorder from Hwadong.com sometime in the near future. Expected Prices (Compared to the first set of 2018 Olympic Coins from Hwadong): 30,000W Gold coin - 2,960,000 Won 20,000W Gold coin - 1,520,000 Won Each Silver coin - 62,000 Won Each bronze coin - 22,000 Won Silver coin 7-set - 434,000 Won Bronze coin, 7-coin silvers, and 20,000W gold coin - 1,976,000 Won Full set of just the Olympic Coins (2 x Gold, 7 x silver, 1 x brass) - 4,936,000 Won I am not sure how the Paralympic coins will fit in any sets, but you can simply add 62k Won for the silver and 22k Won for the bronze. Thus if they make a complete Paralympic and Olympic set, it will run 5,020,000 Won. I personally will be buying a bunch of bronze coins, a silver set, and maybe a few loose silver coins. What do you guys think? Edited by Lembafc 05/11/2017 08:46 am Report this Post to the Staff

999fine Pillar of the Community United States 1346 Posts	Posted 05/11/2017 08:53 am If you like 'em, get 'em. Personally I'm not a fan of such manufactured coins including from the US, Canada, or wherever. Report this Post to the Staff
Lembafc Valued Member Korea, Republic Of 489 Posts	Posted 05/11/2017 10:33 am I also have no idea why NGC gets capitalized in PyeoNGChang. :P Probably an automated thing from the forums I guess. Report this Post to the Staff
Spence Moderator United States 34419 Posts	Posted 05/11/2017 10:55 am Quote: NGC gets capitalized in PyeoNGChang Yes there are certain key words that the CCF software always treats a certain way. By the way, thanks for the interesting post. These items aren't my thing, but it is nice to hear about them. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
Lembafc Valued Member Korea, Republic Of 489 Posts	Posted 05/11/2017 7:55 pm Yeap I figured as much. The price for each of these coins are a little high compared to their actual gold/silver value, but its in support of the Olympics, so it doesn't hurt so bad. Report this Post to the Staff
MerlinAurelius Valued Member 126 Posts	Posted 05/13/2017 11:51 am Interesting Report this Post to the Staff
mlov Valued Member United States 156 Posts	Posted 05/13/2017 8:53 pm As an investment, Olympics coins are always a waste of money. The host countries always make far too many. Every Olympics does. If they just kept the mintages down to a much smaller number, the coins would at least give off the appearance of valued collectibles and not ubiquitous curios like they always do. Some of the cheapest silver coins you can find are Olympics commemoratives. When the glow of the 1988 Seoul Summer Olympics wore off by April 1989, retailers in S. Korea who still had many of the commemoratives for that Olympics in their inventory started to demand that the Bank of Korea buy back their unsold stock they had so many left over. The Bank made 60 different varieties of commemorative coins for that Olympics, with mintages for most of the coins in the hundreds of thousands(!), and in different finishes (mint, proof, frosted). The designs of the 2018 Winter Olympics coins aren't bad. Very well executed, as should be expected from Komsco by now. It's just that nothing about the Olympics interests me. I won't be buying any. https://www.youtube.com/watch?v=Cfy...S-BX6dxf1zLl https://rumble.com/v4308uh--korean-...-guide-.html Report this Post to the Staff
Lembafc Valued Member Korea, Republic Of 489 Posts	Posted 05/14/2017 11:46 pm Quote: As an investment, Olympics coins are always a waste of money. Mr. Kim at Sujipbank has the same opinion. I bought the full 11-coin set from the first round of 2018 Olympic coins and it was a hefty 5M won and he said I should have talked to him first. Overall, I am still really happy to have the full set even though it was crazily priced. I will be taking his and your advice this go around and just getting some silver and brass coins. Mr Kim said that some of the sellers that bought the full sets from back in the day have to sell them for less than what they bought them for to get them to move. Report this Post to the Staff
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