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 Replies: 12 / Views: 4,589 |
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Valued Member
United States
207 Posts |
I have always been looking for some NK banknote from the years that I was stationed in South Korea, but really haven't found any. Now all of a sudden there are a ton of 1978 NK notes on the market, priced from $2.25 up to $20.00 I took the chance and bought the cheapest I could find. I picked up the 1 won, 5 won, 10 won and 100 won NK notes dated 1978. Every darn one of them are in crisp uncirculated condition. I like the 100 won and the picture of Kim Il Sung, who was the head person in charge of the north when I was there.
They do not have copy printed on them, I wonder if they are replica's and not stated that by the e-bay seller. Or did someone decide to sell their hoard of original 1978 NK money. Not to worried tho, I only lost $10 on these. I bought a few copper rounds from this guy also so I didn't lose out on shipping charges. Just curious if these are real or replicas.
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Pillar of the Community
United States
838 Posts |
@Sagegirl -
Please post some pictures.
Meanwhile, I also have a few NK banknotes that I got in a grab bag not too long ago. They are part of a set (like banknote-of-the-month club) and they are crisp, uncirculated notes. I'll post pictures soon for your reference. I read (somewhere) that these "clubs" buy low-denomination currency straight from those national banks. They are sold by the brick - brand new bricks of a thousand notes and they only cost a few dollars for the whole brick. Then the clubs slip the notes into a sleeve and send them off to collectors like me. I was happy to see the NKW notes in my grab bag - I hope you enjoy yours too.
BTW: I'm sure another member will be along soon to give us the scoop. There are some VERY knowledgable collectors in this forum.
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Valued Member
 United States
207 Posts |
I'll scan tomorrow afternoon sometime
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Moderator
 Australia
16827 Posts |
The 1978 series comes in several varieties - North Korea had three tiers of money: one for local use, one for "Communist Visitors" and one for "Capitalist Visitors". They are differentiated by an overstamp and/or different coloured serial numbers. Whether or not your notes are likely to be a hoard may depend on which of those three types your notes are. Though if you have 100 won notes, it's likely to be local use money; the North Koreans did not trust foreigners to treat pictures of KIS with sufficient reverence, so no 100 won notes were made for foreigners.
That being said, I've never heard of anyone making fake NK notes. The things are cheap and common enough.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
7618 Posts |
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Valued Member
United States
207 Posts |
Quote:
I'll scan tomorrow afternoon sometime Sorry guys, forgot I had a new computer and didn't have a photo editing software installed yet. I downloaded a new software and now I am playing with it to figure it out. I will post pictures just as soon as I have this figured out. |
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Valued Member
United States
207 Posts |
Lets see how this works. This is the 100 won note   |
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Pillar of the Community
Germany
1063 Posts |
I have a similar questions about the coins. I bought coins online in China, and they were perfect, almost as if they'd just been made.
The point about whether they're too abundant to fake, well, the Chinese will fake anything, I had a fake 5 RMB note once, but accidentally spent it. That's not worth much at all. Getting rich and getting rich without caring about anyone else, is the Chinese way.
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Valued Member
United States
207 Posts |
Contacted they guy I purchased these from, he said he got these from an auction house.
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Pillar of the Community
United States
838 Posts |
I just found my North Korean won bank notes (5000, 500, and 200) - they are much more recent than I thought (series 2005, 2006, 2007). Like I said, the notes are crisp uncirculated. But because mine are from a very different series I can't compare your notes against mine, so I can't help you judge whether yours are genuine. Just for kicks, here's a couple terrible pix of my won:   |
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Pillar of the Community
United States
742 Posts |
The North Korean government sells brick of its own notes through intermediaries in China. It is one of the ways it obtains hard currency.
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Pillar of the Community
United States
838 Posts |
@lettow -
That's what I figured. It explains everything - like why there are so many high-quality examples of low-value currencies in the collector market.
I have some BEAUTIFUL banknotes from all over the world, and I bet countries all over the world do the same thing: sell bricks of banknotes for more valuable currencies. It's a good idea and now I have some lovely and affordable artwork from all over the world!
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Pillar of the Community
United States
742 Posts |
Yeah, its not like too many people are going to import them back into the country and wreck their economy.
It is doubtful they would let anyone into the country carrying large wads of their own cash. Much less would you have the ability to spend it freely.
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Replies: 12 / Views: 4,589 |
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Posted 12/06/2018 11:02 pm
