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Message:: [QUOTE="mlov43, post: 24664947, member: 16729"]Yes, I suspect their "overhead" fees they charged foreign countries (or even US Govt) probably didn't cover every cost, either. The hwan coins in higher grades above 63 are difficult, for sure.  The first of them dated 4292 (1959) seeme to have heavily circulated as they were desperately needed in the economy.  That may explain why those are harder to find in better MS grades.  Many of the 4294 (1961) dated examples can be found in higher grades on average, and the highest 4294 MS grades are one or two higher in the NGC census than the 4292 strikes it seems.  They used them even after the Currency Reform of 1962, and they just called them "5 Won" and "One Won."  They needed the 50-Hwan ("5 Won") because it was the only coin that could operate their re-tuned Japanese payphones until around 1967-68.  They pulled both coins in 1967 and 1968 after the new won coins were struck and started entering the system of money in the late 60s.[/QUOTE]