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2003 South Korea Proof Set... Does it Exist?
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<p>[QUOTE="mlov43, post: 2507131, member: 16729"]When it comes to World Coin mint sets, don't look at Krause. They really do not have the best information on mint sets. You'll want to have a Daegwangsa or O-sung K&C catalogue (Korean-published). At least with these, you can see all S. Korean mint sets ever made. There are many more than Krause cites. And the last time I looked, I thought Krause cited ones that don't even exist(!)</p><p><br /></p><p>That 2003 Bank of Korea "proof set" that you linked from eBay number <b>only 3,000 sets made</b>. They made 17,000 "regular" sets for 2003.</p><p><br /></p><p>The background is this:</p><p>The Bank of Korea made special, "foreign" mint sets ( 해외증정용 민트세트 ) from the years 2001 to 2014. These were meant to be given as gifts to visiting foreign minting agency workers who toured Bank of Korea facilities in South Korea.</p><p><br /></p><p>These "foreign sets" are identical in appearance to the regular, yearly mints sets, <b>with the exception that all of the titles and lettering are in English only</b>. Very little or no Korean <i>hangul</i> alphabet appears on the "foreign" sets' cases or slipcovers. If you see one of these for sale/bid outside of Korea, they will often be sold at the regular set prices, as the sellers <i>occasionally</i> do not know that what they are selling is actually special. While tens of thousands of the regular sets were made each year, for the years 2001 to 2014, only 3,000 to 5,000 "Foreign Sets" were made depending on the year. These, of course will sell for twice or three times the price of a regular set, IF the seller knows what she's selling!</p><p><br /></p><p>The six coins in the "Foreign" sets for the <b>years 2001 to 2004</b> were minted in reverse proof (or "matte proof" ...or was it "satin proof?"), and have been selling (from my rough estimates) in the collector market for at least $250 to $700 USD over the past few years. Notice the difference in the appearance of the coins below.</p><p><br /></p><p>Regular BOK Mint Set for 2001 (left).... "Foreign" BOK set for 2003 (right)....</p><p>[ATTACH=full]532732[/ATTACH]</p><p><br /></p><p>Here are the four mint sets that were made as "reverse proofs" (foreign mint sets): The mintages are on the left of the chart, (foreign mintage on top left, regular mintage bottom left), and the catalogue prices for these on the right. Like most catalogues, the Korean catalogues quote rather sanguine prices...</p><p>[ATTACH=full]532733[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 2507131, member: 16729"]When it comes to World Coin mint sets, don't look at Krause. They really do not have the best information on mint sets. You'll want to have a Daegwangsa or O-sung K&C catalogue (Korean-published). At least with these, you can see all S. Korean mint sets ever made. There are many more than Krause cites. And the last time I looked, I thought Krause cited ones that don't even exist(!) That 2003 Bank of Korea "proof set" that you linked from eBay number [B]only 3,000 sets made[/B]. They made 17,000 "regular" sets for 2003. The background is this: The Bank of Korea made special, "foreign" mint sets ( 해외증정용 민트세트 ) from the years 2001 to 2014. These were meant to be given as gifts to visiting foreign minting agency workers who toured Bank of Korea facilities in South Korea. These "foreign sets" are identical in appearance to the regular, yearly mints sets, [B]with the exception that all of the titles and lettering are in English only[/B]. Very little or no Korean [I]hangul[/I] alphabet appears on the "foreign" sets' cases or slipcovers. If you see one of these for sale/bid outside of Korea, they will often be sold at the regular set prices, as the sellers [I]occasionally[/I] do not know that what they are selling is actually special. While tens of thousands of the regular sets were made each year, for the years 2001 to 2014, only 3,000 to 5,000 "Foreign Sets" were made depending on the year. These, of course will sell for twice or three times the price of a regular set, IF the seller knows what she's selling! The six coins in the "Foreign" sets for the [B]years 2001 to 2004[/B] were minted in reverse proof (or "matte proof" ...or was it "satin proof?"), and have been selling (from my rough estimates) in the collector market for at least $250 to $700 USD over the past few years. Notice the difference in the appearance of the coins below. Regular BOK Mint Set for 2001 (left).... "Foreign" BOK set for 2003 (right).... [ATTACH=full]532732[/ATTACH] Here are the four mint sets that were made as "reverse proofs" (foreign mint sets): The mintages are on the left of the chart, (foreign mintage on top left, regular mintage bottom left), and the catalogue prices for these on the right. Like most catalogues, the Korean catalogues quote rather sanguine prices... [ATTACH=full]532733[/ATTACH][/QUOTE]
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