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<p>[QUOTE="cladking, post: 1282749, member: 68"]You're probably pretty close here. As a rule of thumb most world coins were primarily collected in the US and this applies even more to post-WW II moderns. There are several exceptions such as a robust market in British coins in Britain that goes back centuries but modernsw were collected nowhere at all. The few that exist today were often brought back by visitors who happened to be coin collectors. Those brought back by non-collectors are usually worn and have a far higher attrition. In the case of Korea these were probably brought back by servicemen for their own collections or on request of family members. </p><p><br /></p><p>Attrition on these coins is extremely high because many still list at very low prices and even the high priced issues are just assumed to be common. On the rare occassion a rare coin comes into a coin shop it is likely to just go into the junk bucket if it's modern. Dealers usually won't even "waste their time" looking up a coin like a '69 10 w so it ends up selling three for a dollar. It ends up getting used as play money by children on its way to landfill. </p><p><br /></p><p>Most of the nice unc circulating Korean I've found have come out of collections. Frankly I hjave a lot of doubt that later dates are a great deal more common than the earlier date moderns. In almost all cases they sell much cheaper but I don't see them a great deal more often. This applies to the Korean coins as well other than most post-'85 issues.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1282749, member: 68"]You're probably pretty close here. As a rule of thumb most world coins were primarily collected in the US and this applies even more to post-WW II moderns. There are several exceptions such as a robust market in British coins in Britain that goes back centuries but modernsw were collected nowhere at all. The few that exist today were often brought back by visitors who happened to be coin collectors. Those brought back by non-collectors are usually worn and have a far higher attrition. In the case of Korea these were probably brought back by servicemen for their own collections or on request of family members. Attrition on these coins is extremely high because many still list at very low prices and even the high priced issues are just assumed to be common. On the rare occassion a rare coin comes into a coin shop it is likely to just go into the junk bucket if it's modern. Dealers usually won't even "waste their time" looking up a coin like a '69 10 w so it ends up selling three for a dollar. It ends up getting used as play money by children on its way to landfill. Most of the nice unc circulating Korean I've found have come out of collections. Frankly I hjave a lot of doubt that later dates are a great deal more common than the earlier date moderns. In almost all cases they sell much cheaper but I don't see them a great deal more often. This applies to the Korean coins as well other than most post-'85 issues.[/QUOTE]
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