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South Korea 1 Won 1966

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Slerk's Avatar
Russian Federation
1557 Posts
 Posted 08/01/2022  1:41 pm Show Profile   Bookmark this topic Add Slerk to your friends list Get a Link to this Message Number of Subscribers
How much can such a coin cost ? What grade will you give it ?
South-Korea-1-Won-1966
South-Korea-1-Won-1966
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Sap's Avatar
Australia
16842 Posts
 Posted 08/02/2022  01:16 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
These coins are super-cheap; the kind that often turn up in kids starter coin collecting packs, or in a coin dealer's budget scratch-trays - though normally in worse condition than this.

Of the two years issued, this is the scarcer date, though with a mintage of 7 million, it's by no means rare. I'm guessing uncirculated coins are disproportionately valuable because they weren't issued in any mint set so would have needed to be rescued from circulation.

As for the grade of this piece, the breaks in lustre tell me it can't be Uncirculated. Low AU would be my feeling.
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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 Posted 08/02/2022  02:30 am  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
Very Fine, the rose is very worn.

I remember when I was in South Korea (2002/3), I would occasionally get the 10, 50 and 100 won coins of this old series in change (Used 1966 to 1982), but never 5 or 1 won coins.

Even in 1966, its buying power was maybe 1 or 2 cents. It is an interesting coin, but would only be worth about 10 cents and a "starter coin".

The design shows Pulguksa an ancient temple from the Shilla era (600AD) at the World Heritage site of Kyongju near Daegu in the southern part of the country. I have been there and its beautiful, especially around cherry blossom time (Early April).
The Hangeul translates to "il Won" and Han Guk Dae Han (1 won - Republic of Korea) Hanguk = Korea, Dae Han (Republic or Great)

The other side shows the Mugunghwa flower or Rose of Sharon, this is the national flower of South Korea, like the 5 yen of Japan,
the 1 won coins of South Korea are seen as luckly talismans by some Korean people.
Edited by Princetane
08/02/2022 02:35 am
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 Posted 08/02/2022  02:33 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
I know that 1966 is a coveted year at UNC for collectors. Already in the XF state, they cost pennies. Therefore, I hunt for them and sell them later (alas, it is almost impossible to sell now). Here are a few more photos. I agree that it pulls on AU. But I hope even in this condition it can be sold for good money.

South-Korea-1-Won-1966
South-Korea-1-Won-1966
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 Posted 08/02/2022  03:22 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply

Quote:
The design shows Pulguksa an ancient temple from the Shilla era (600 AD) at the World Heritage site of Kyongju near Daegu in the southern part of the country.

South-Korea-1-Won-1966
Are you talking about this coin?
I was in Korea and saw a keychain there from local merchants in which a 1 won coin was placed
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 Posted 08/02/2022  05:51 am  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
Yes I got it confused with the old 10 won coin, that was also brass like your 1 won. The 10 wons became copper plated steel and smaller a few years ago.

Now 10 won is the smallest coin in circulation. Others are 50, 100 and 500 won (stainless steel) and notes are 1,000, 5,000, 10,000 and now 50,000 won.
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mlov's Avatar
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 Posted 11/06/2022  07:47 am  Show Profile   Bookmark this reply Add mlov to your friends list Get a Link to this Reply
Perhaps MS-61/2 with NGC. Price would be below $100 USD.

I can't actually tell what grade this coin is, even with these nice photos.

I address all South Korean coins in my new book on the subject. The entire history and data behind these One-Won coins is covered in the book.
There is a somewhat common clashed dies error with the 1966 One-Won, btw. So when you find 1966 One-Won coins, check the obverse (flower side) and look closely for a clash impression.

Nice coin! Thanks for highlighting South Korean coins!
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