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大朝鮮 vs 朝鮮 "Great Korea" vs "Korea" (Korea Yr. 505 = 1896, 5 Fun)
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<p>[QUOTE="gxseries, post: 5478722, member: 4373"]There is a book that was issued by the Bank of Korea back in 1970s which covers this. </p><p><br /></p><p>Back in mid 1800s where various mints were setup to rip the public - what the temporary mints did were to pull good quality copper coins and recast them as cheap brass coins. The public had serious issue trusting circulating coinage and the Emperor was well aware of this. </p><p><br /></p><p>Silver cast of such coins were made in 1883 but this was immediately pulled from circulation. In 1886, the Emperor requested assistance from a German mintmaster (can't remember the name) and some pattern coins were made. In 1888, 3 different coins were attempted to circulate - these had production issues and were not popular. </p><p><br /></p><p>I believe the German mintmaster requested assistance to Osaka Mint. Osaka Mint sent mint personels, equipment and even planchets to Incheon. All planchets are the same except the 1 fun coin which had extra aluminum to make it look yellow. </p><p><br /></p><p>Korean 5 fun</p><p><img src="https://www.omnicoin.com/coins/1014037.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Japan 1 sen</p><p><img src="https://www.omnicoin.com/coins/1005995.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>You can see the resemblance. </p><p><br /></p><p>Production started in December 1892 and these coins were not even released until 1894 (if I remember correctly). While there are still no mintage numbers to be found for these coins, the production target suggested an absurd figure. As of why it took that long to release, I suspect that the mint wanted to ensure that there is a decent supply of coins to be released. Of course like any new operation, there is bound to be challenges. It seemed that production was an issue and this can be seen as there were little silver coinage (1892 5 yang mintage was a mere 19,923)</p><p><br /></p><p>Word must have got out that Korea was striking coins under the assistance of the Japanese and of course, China in particular Yuan Shi Kai was not happy with this. Just to keep in mind that Korea was essentially a vassal state of China so any foreign influence was irritating (Probably similar to what's happening to Taiwan?) More information can be found here: <a href="https://en.wikipedia.org/wiki/Yuan_Shikai" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Yuan_Shikai" rel="nofollow">https://en.wikipedia.org/wiki/Yuan_Shikai</a></p><p><br /></p><p>Remember this guy? The well known "Fat Man"</p><p><img src="https://www.omnicoin.com/coins/994590.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Thus in the following year in 1893, the decision was to drop off the "Great" in front of Korea. I'm certain there must had been dilemma of what to do with the older coins as the cost of melting them down would have cost a fortune. </p><p><br /></p><p>The start of the trouble was in 1894 where a peasant revolution led the Sino-Japanese war. The Chinese were called in but this was probably not a wise decision. This must have allowed the mint to get away with the excuse of "there's better things to worry about". If anything, there seemed to be support for the Japanese to be free from the Chinese which turned out to be quite wrong as seen in history.</p><p><br /></p><p>More info can be read here: <a href="https://en.wikipedia.org/wiki/Donghak_Peasant_Revolution" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Donghak_Peasant_Revolution" rel="nofollow">https://en.wikipedia.org/wiki/Donghak_Peasant_Revolution</a></p><p><br /></p><p>My challenge is to understand why there are so many varieties in 1893 to 1896 especially the 5 fun. For instance why in 1896 there are 3 varieties for 5 fun (Great Korea and without), 1 fun (Great Korea) and 1/4 yang (Korea)</p><p><br /></p><p>To complete this set is absurdly difficult </p><p><br /></p><p><a href="https://issuu.com/gxseries/docs/korea_year_type_album" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://issuu.com/gxseries/docs/korea_year_type_album" rel="nofollow">https://issuu.com/gxseries/docs/korea_year_type_album</a></p><p><br /></p><p>The fate of the 5 fun coins were either melted down or shipped to China to be sold as scrap, some ended up to be overstruck. From memory, it was again some absurd number - in terms of tons which I worked out to be more than 30+ million (I will try to dig the book out)</p><p><br /></p><p><img src="https://www.omnicoin.com/coins/924504.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>1897 is the year where Korea was declared as the Korean Empire. The Emperor decided to bring the mint closer to the city and thus the Incheon mint closed in 1899 - making the 1899 5 fun the last coin to be struck and one of the rarest. </p><p><br /></p><p>In 1905, Korea was a colonial protectorate and in 1910 was completely annexed by Japan. During this brief period of time, all coins were struck in Osaka Mint. After 1910, only Japanese coins were issued.</p><p><br /></p><p>Bit of history for just two decades![/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 5478722, member: 4373"]There is a book that was issued by the Bank of Korea back in 1970s which covers this. Back in mid 1800s where various mints were setup to rip the public - what the temporary mints did were to pull good quality copper coins and recast them as cheap brass coins. The public had serious issue trusting circulating coinage and the Emperor was well aware of this. Silver cast of such coins were made in 1883 but this was immediately pulled from circulation. In 1886, the Emperor requested assistance from a German mintmaster (can't remember the name) and some pattern coins were made. In 1888, 3 different coins were attempted to circulate - these had production issues and were not popular. I believe the German mintmaster requested assistance to Osaka Mint. Osaka Mint sent mint personels, equipment and even planchets to Incheon. All planchets are the same except the 1 fun coin which had extra aluminum to make it look yellow. Korean 5 fun [img]https://www.omnicoin.com/coins/1014037.jpg[/img] Japan 1 sen [img]https://www.omnicoin.com/coins/1005995.jpg[/img] You can see the resemblance. Production started in December 1892 and these coins were not even released until 1894 (if I remember correctly). While there are still no mintage numbers to be found for these coins, the production target suggested an absurd figure. As of why it took that long to release, I suspect that the mint wanted to ensure that there is a decent supply of coins to be released. Of course like any new operation, there is bound to be challenges. It seemed that production was an issue and this can be seen as there were little silver coinage (1892 5 yang mintage was a mere 19,923) Word must have got out that Korea was striking coins under the assistance of the Japanese and of course, China in particular Yuan Shi Kai was not happy with this. Just to keep in mind that Korea was essentially a vassal state of China so any foreign influence was irritating (Probably similar to what's happening to Taiwan?) More information can be found here: [URL]https://en.wikipedia.org/wiki/Yuan_Shikai[/URL] Remember this guy? The well known "Fat Man" [img]https://www.omnicoin.com/coins/994590.jpg[/img] Thus in the following year in 1893, the decision was to drop off the "Great" in front of Korea. I'm certain there must had been dilemma of what to do with the older coins as the cost of melting them down would have cost a fortune. The start of the trouble was in 1894 where a peasant revolution led the Sino-Japanese war. The Chinese were called in but this was probably not a wise decision. This must have allowed the mint to get away with the excuse of "there's better things to worry about". If anything, there seemed to be support for the Japanese to be free from the Chinese which turned out to be quite wrong as seen in history. More info can be read here: [URL]https://en.wikipedia.org/wiki/Donghak_Peasant_Revolution[/URL] My challenge is to understand why there are so many varieties in 1893 to 1896 especially the 5 fun. For instance why in 1896 there are 3 varieties for 5 fun (Great Korea and without), 1 fun (Great Korea) and 1/4 yang (Korea) To complete this set is absurdly difficult [URL]https://issuu.com/gxseries/docs/korea_year_type_album[/URL] The fate of the 5 fun coins were either melted down or shipped to China to be sold as scrap, some ended up to be overstruck. From memory, it was again some absurd number - in terms of tons which I worked out to be more than 30+ million (I will try to dig the book out) [img]https://www.omnicoin.com/coins/924504.jpg[/img] 1897 is the year where Korea was declared as the Korean Empire. The Emperor decided to bring the mint closer to the city and thus the Incheon mint closed in 1899 - making the 1899 5 fun the last coin to be struck and one of the rarest. In 1905, Korea was a colonial protectorate and in 1910 was completely annexed by Japan. During this brief period of time, all coins were struck in Osaka Mint. After 1910, only Japanese coins were issued. Bit of history for just two decades![/QUOTE]
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大朝鮮 vs 朝鮮 "Great Korea" vs "Korea" (Korea Yr. 505 = 1896, 5 Fun)
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