-40%

South Korean rare 1000 WON Historic Banknote

$ 39.6

Availability: 100 in stock

Description

History of these Korean banknotes:
The Empire of Korea was colonized and exploited as a colony by Japan from 1910.
The colony’s economy was controlled by the
Bank of Joseon
owned by a number of Japanese banks and companies.
It was responsible for issuing currency (YEN) for the Japanese colony, regulating domestic prices, and servicing international trade.
With the destruction of Japan in 1945 at the end of World War II, the Korean economy itself was in turmoil, and a civil war continued between the forces of communist Kim Il-sung in the North and American backed Syngman Rhee in the South.
The Bank of Joseon was replaced by the
Bank of Korea
in 1950 that issued its first notes during the Korean War (1950 - 1953) to prevent the country being flooded by the overissue of
Bank of Chosun
notes by North Korean forces.
The currency changes from YEN to WON.
These WON banknotes are very early examples of South Korea beginning its struggle for independent survival both from the Japanese, and then the Russian and Chinese backed North Korean communists.
It was good luck for South Korea to escape from colonialism.  It may be good luck for you to own a piece of history?
Provenance:
These few uncirculated, crisp, beautiful, genuine and historic banknotes were obtained in Korea between 9/20/1951 to 3/6/1953 by Captain Dean H. Hoiland.
Dr. Hoiland was an American physician and surgeon who served in the US Army as an advisor to the ROK Army medical services in Cheju-do during those dates. They were recently discovered as part of his estate.
They mark the beginning of the Korea’s amazing rise from oppression and economic ruin to its present independent preeminence.
Description of banknote:
South Korean 1000 Won Banknote
Date: Korean Dangun Calendar 4285
(1952)
Uncirculated
Obverse: Portrait of Syngman Rhee (1875-1965), who served as the first President of South Korea from 1948 to 1960.
(9)
Reverse:
Pavilion, and Wongaksa pagoda (built in 1471), in Tapgol Park, Seoul
The Bank of Korea
One Thousand Won
Notes were printed by: KOMSCO (Korean Minting & Security Printing Corporation)
The notes are pristine, crisp, and unmarked except for the fold mark in the banknotes made in Captain Hoiland's wallet.  I doubt you will ever find a more beautiful example of this historic banknote.
(They are listed as very rare on the Numista website.)