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<p>[QUOTE=&quot;mlov43, post: 3600207, member: 16729&quot;]Yes, I think that&#039;s part of it.&nbsp; But &quot;buying the seigniorage&quot; of the gold coins opens up another question for me.&nbsp; I&#039;ll explain.</p><p><br /></p><p>In an earlier episode concerning a previous set of &quot;pre-Olympic&quot; coins issued in 1982 and 1983, the Seoul Olympic Committee attempted to receive &quot;seigniorage and surcharge funding&quot; from the sale of the coins (see Option &quot;C&quot; in the different funding formulae from the sale of Olympics coins in Post #8, above).&nbsp; I wrote an article about these &quot;pre-Olympic&quot; coins, on page 42 of this journal:<a href="https://issuu.com/jeandigitala1/docs/the_fourteenth_issue_of_jean" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://issuu.com/jeandigitala1/docs/the_fourteenth_issue_of_jean" rel="nofollow">https://issuu.com/jeandigitala1/docs/the_fourteenth_issue_of_jean</a></p><p><br /></p><p>In that article, you can see that they actually passed legislation that seigniorage funding would become the funding formula.&nbsp; So it was the law by 1983.</p><p><br /></p><p>However, the Olympic Committee never got seigniorage funding from those &quot;pre-Olympic&quot; coins.&nbsp; Bank of Korea sources and newspaper sources do say that surcharges were added upon the sale of the coins.</p><p><br /></p><p>I couldn&#039;t find any news articles as to why seigniorage funding failed for the &quot;pre-Olympic&quot; coins.&nbsp; However, the Bank of Korea was fighting the seigniorage funding model from the beginning by citing their own central banking laws, according to a source, so I&#039;m guessing that&#039;s the reason.</p><p><br /></p><p>Now, the coins I&#039;m concerned about in this thread are the &quot;official&quot; 1988 Seoul Olympics coins that were issued in 1987 and 1988.&nbsp; This Korean author (former currency designer) wrote that (paraphrasing) &#039;the Seoul Olympic Committee purchased the seigniorage from the Bank of Korea only in the case of the gold coins.&#039; </p><p><br /></p><p>That might seem to indicate that the Olympic Committee did NOT &quot;buy the seigniorage&quot; for all the millions of other non-gold coins made in this Olympic commemorative issue.&nbsp; In other words, for the &quot;official&quot; 1988 Olympics coins, the Seoul Committee got both seigniorage and surcharge funding for the non-gold coins.</p><p><br /></p><p>I cannot find information that would confirm the overall Olympic funding formula from the sale of the non-gold coins: Was it just surcharge, or seigniorage and surcharge?&nbsp; I gotta keep digging.[/QUOTE]</p><p><br /></p>

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