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<p>[QUOTE=&quot;gxseries, post: 2761574, member: 4373&quot;]It&#039;s not necessarily the economic emergence - it has been well known that Korean numismatics has been through some tough times. </p><p><br /></p><p>It first started off with the public distrusting their own currency. This was well known as the Korean mints used to melt down high quality copper coins and recast them as cheap bronze coins and make profit.&nbsp; </p><p><br /></p><p>Despite attempts to strike coins in Korea, mints struggled for consistency and production ended in 1902. While there was attempt to strike coins with the Russian eagle, some did circulate however were soon removed by the Japanese. All coins from 1905 were struck in Osaka mint. As Japan just ended the Russo Japanese war, coins in Korea were soon affected by weight reduction. While there was attempts to increase coin circulation - metal prices decided not to cooperate. Nickel prices fell and the Koreans, used to distrust their old currency was in a rush to cash in their nickel coins. Apparently more than millions were cashed in hence some of the nickel coins are in general rare to excessively rare. </p><p><br /></p><p>Of course you need to factor in that over the years, these coins were pulled from circulation due to world war II. Gold coins soon became excessively rare (a recent auction of a 20 won coin was enough to buy a house!). On top of this, the older Korean generation tried to get rid of anything that&#039;s Japanese and these coins suffered similar fate. Some of the better preserved coins actually went to Japan and overseas. </p><p><br /></p><p>Now back to the topic - the 5 yang coin is definitely expensive but not an unicorn. In fact, I&#039;m certain that you can find at least a couple on ebay despite the low mintage. (not including counterfeits). However try some of the supposedly higher mintage and lower valued coin for instance 1910 1/2 chon, 1907 1/2 chon, 1896 1 fun and so on. It can be an eye opener!</p><p><br /></p><p>I&#039;ve written one a while back of how hard it was to complete just the 1/2 chon set.</p><p><a href="https://www.cointalk.com/threads/korea-1906-1910-1-2-chon-complete.256451/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/korea-1906-1910-1-2-chon-complete.256451/">https://www.cointalk.com/threads/korea-1906-1910-1-2-chon-complete.256451/</a></p><p><br /></p><p>Now here&#039;s something to regret... I had an opportunity to purchase a heavily damaged 1893 1 hwan if I sold my car. Mintage is rumored to be at just 77.[/QUOTE]</p><p><br /></p>

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