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<p>[QUOTE=&quot;mlov43, post: 3585983, member: 16729&quot;]I am researching the 1988 Seoul Olympics commemorative coins, typical of my central obsession with Korean numismatics...</p><p><br /></p><p>A very rare book that has a chapter about these coins says that<b> the Seoul Olympic Committee </b>(not the IOC, but the Korean&#039;s national Olympic committee) <b>decided to purchase the seigniorage of all of the gold coins in this Olympic coin series.&nbsp; </b>And only the gold coins.</p><p><br /></p><p>The Seoul Olympic Committee made money from the entire series (gold, silver, nickel, and copper-nickel coins) by adding a surcharge to the cost of the coins when sold.&nbsp; The surcharges were shared with the distributors.&nbsp; The Seoul Committee did not receive the seigniorage of these coins from the Korean government as a source of funding.</p><p><br /></p><p>The Committee used private marketeers to sell the coins, since the Bank of Korea didn’t (and still doesn’t) have a huge mailing list of customers to sell the coins themselves, unlike the US Mint, which is how the 1984 LA Olympics coins were sold.</p><p><br /></p><p>Also, the private marketers paid $110 million-dollars to the Seoul Committee for the exclusive rights to sell the coins overseas, AND the marketers put up the money to purchase the gold to make these gold coins.</p><p><br /></p><p>The gold coins of this commemorative series were, of course, the higher denominations:&nbsp; 50,000-Won (each containing one whole Troy ounce of gold), and 25,000-Won (1/2 Troy ounce of gold).&nbsp; The coins were 92.5% gold.</p><p><br /></p><p><b>Why would the Olympic Committee want to purchase the seigniorage of the gold coins of its commemorative coin series?</b>[/QUOTE]</p><p><br /></p>

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