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1953-South Korea-1 Hwan-World Currency Banknote-Rare-Uncirculated-P#11-U.S. Mint

$ 25.84

Availability: 96 in stock
  • Country/Region of Manufacture: United States
  • Country: Korea
  • Grade Designation: Apparent/Net
  • Modified Item: No
  • Year: 1953
  • Type: Banknotes
  • Circulated/Uncirculated: Uncirculated
  • Grade: Ungraded
  • Certification: Uncertified

    Description

    1953-South Korea-1 Hwan-World Currency Banknote-Rare-Uncirculated-P#11-U.S. Mint.
    Excellent Uncirculated collectable banknote that is said to be rare. No folds, no tears, no holes no stains and no problem.
    South Korea Issuing bank Bank of Korea
    Period Republic (1948-date)
    Type Standard banknote
    Year 1953
    Value 1 Hwan
    Currency Hwan (1953-1962)
    Composition Paper
    Size 111x54mm
    Shape Rectangular
    Demonetized 10 June 1962 Number N#210942
    References P#11
    Obverse Denomination, and Trellis pattern Scripts:Chinese, Hangul Lettering: Translation:Korean banknote, One Won, The Bank of Korea Reverse Emblem of the Bank of Korea Scripts:Chinese, Hangul, Latin Lettering: The Bank of Korea ONE WON Translation:One Hwan, One Won Printer Bureau of Engraving and Printing, United States (1862-date)
    Comments NOTE: The term "Hwan" is written in Hanja () while "Won" is written in Hangul () and English. Those problems were attributed to an urgent need for new banknotes and the change in currency name, as well as the decision to commission the new notes to be manufactured in the United States. Unaware banknote catalog editors may erroneously categorize these notes as part of the old won system, such as the Standard Catalog of World Paper Money by Albert Pick.
    On July 27, 1953, seven months after President Eisenhower's inauguration as the 34th President of the United States, an armistice was signed, ending organized combat operations and leaving the Korean Peninsula divided much as it had been since the close of World War II at the 38th parallel.