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Mark Lovmo's Blog

24 Jul 2019

South Korean 1969 Five-Won "Wide Date" and "Narrow Date"

Coins | Mark Lovmo

Here is a photo of two South Korean 1969-dated Five-Won coins.

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21 May 2019

South Korea's "Olympic Bid" Commemorative Coins

Coins | Mark Lovmo

An article I published in the Journal of East Asian Numismatics on a series of Olympic Commemoratives issued by South Korea in the 1980's:

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06 Jun 2018

NCS Conservation of South Korean Pieces

Coins | Mark Lovmo

Here's another video of me unboxing a World Coin submission to NGC.

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20 May 2018

My First NGC Submission and Result

Coins | Mark Lovmo

Some coins that I submitted to NGC at the Central States show.

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10 May 2018

South Korean Coin Database

Coins-World | Mark Lovmo

I have completed my South Korean Coin Database, a compendium of data on every one of South Korea's circulation coins, eighteen in total.It is here:http://dokdo-research.com/southkoreancoindata.htmlI have written about these coins before in narrative format at my main page, but it seems that many people are just looking for quick facts about world coins in this kind of "database" format. I just finished adding the "Hwan" coins at the top of the page, these being South Korea's very first circulation coins, and that were made at the Philadelphia Mint. Cheers.

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06 May 2018

Article from 1982 Explaining the Reason for the 500-Won Coin (South Korea)

Coins | Mark Lovmo

From the June 14, 1982 edition of the Kyonghyang Shinmun (Seoul Daily)

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27 May 2017

Was THIS South Korean Coin Partly Responsible for the 1960 Lincoln Cent Small Date/Large Date Varieties?

Coins | Mark Lovmo

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21 May 2017

South Korea's "Hwan" Coins (1959~1975)

Coins - World | Mark Lovmo

South Korea's first circulation coins were introduced eleven years after the foundation of its government. Since the date of its establishment in 1948, the Republic of Korea had been plagued by internal armed conflict, an "internationalized" civil war, a faltering economy, and skyrocketing inflation. Only after the end of the Korean War in 1953, along with the first tentative signs of economic recovery in 1958, were conditions met for a price stabilization within the Republic that would allow for the reasonable introduction of small-denomination coins. These three coins were the only ones to be denominated in theHwan(환) currency (1953-1962), and they would last as such for a brief two-and-a-half years after their introduction in late 1959. The 50 Hwan and 10 Hwan coins would remain in circulation after the country's second currency reform of 1962, being re-monetized as 5 Won and 1 Won coins. Only the 100 Hwan coin was completely removed from circulation in this currency reform, most certainly a victim of the political change that made unpopular the image of PresidentSyngman Rheethat graced the coin's obverse.Despite his extreme unpopularity at the end of his presidency, many observers consider Rhee to be one of the two most important national leaders in South Korea's history; the other beingPark Chung-hee. TheHwancoins circulated in Korea at the disgraceful end of Rhee's First Republic, and remained in circulation through the somewhat inauspicious beginnings of Park's tenure as military junta leader, and later during his presidency until the coins' final withdrawal in 1975. Thus, these coins' time in circulation straddled the two prominent foundational periods in the history of the Republic of Korea that these two leaders represent: The era of post-war survival, and the era of economic transformation.

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