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mlov's Last 20 Posts
| Thinking About Selling Korean Coins
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mlov
Valued Member
United States
149 Posts |
 Posted 04/16/2024 9:31 pm
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I have a new 400-page book out on South Korean coins and one of the chapters of my book was all about the Bank of Korea mint sets and their historical pricing over the years.
Selling on eBay is fine, if you don't have access to the Korean coin market.
Mind you, the mint sets that you sell on eBay will make you a good return, especially if you've had them for a while, but the sets will probably be bought by someone in Korea who could very likely turn around and sell them locally for 2X to 3X the price you sell it for on eBay.
Those are hot in Korea, although prices have cooled in the last year for some reason. |
| | Forum: World Coins and Commemoratives |
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| 1988 Seoul Olympics 5,000 & 10,000 Silver Won Set
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mlov
Valued Member
United States
149 Posts |
Posted 02/25/2024 11:44 am
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Yes! The 1988-dated "Kite-flying" design for the 25,000-Won gold (1/2 ounce gold) is PROBABLY a "rarer" date, since they appear to have been issued overseas only and many of those were melted in the recall. This 25,000-Won "Kite-flying" coin features either a 1987 or 1988 date on its reverse. How many exist? Nobody knows because the data on the recall only listed numbers of coins based on denomination, not design. The "Kite-flying" design is about the only coin that MIGHT be the only Seoul Olympics commemorative that is not easy to find. Collectors in Korea say that they cannot find it at all there.
Another coin listed as "rare" or as a "mule" is the 1988-dated "Archery" design 10,000-Won silver (this one features either 1987 or 1988 date on its reverse). However, that coin is NOT rare. Don't believe the hype... The 1988-dated coin is only harder-to-find to those outside of Korea, since it was issued in Korea only, while the same design with a "1987" date was issued outside of Korea, making it more common in the North America and Europe. However, the 1987-dated Archery coin might be less common, actually, since that coin was involved in the coin recall of 1989 and probably melted in large numbers! Again, nobody knows the exact numbers of currently-existing 10,000-Won coins for each design since they did not note the melted coins by design or date, only denomination. |
| | Forum: World Coins and Commemoratives |
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| 1988 Seoul Olympics 5,000 & 10,000 Silver Won Set
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mlov
Valued Member
United States
149 Posts |
Posted 02/25/2024 10:21 am
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No. This two-coin silver set was a common presentation for overseas sales (outside of Korea) when these were being sold. So many of these coins were left unsold after the end of the Seoul Olympics that the foreign distributors of these Seoul Olympics coins asked that the Korean government buy back their unsold stock. Otherwise, they were going to dump them onto the numismatic market at below their sale prices sold in Korea. They could have also simply redeemed them as money, since they have a denomination in Korean won. The Korean government bought them back and sold them to local Korean smelters AT FACE VALUE(!) who melted them.
These are some of the cheapest 92.5% silver coins of their kind that you can find. Look for deals, as their resale value is not the greatest. One thing that IS nice about these Seoul Olympics precious-metal coins is that each coin contains exactly either 1/2 ounce of silver (5,000-Won coin) or 1 ounce of silver (10,000-Won coin).
I wrote a 400-page book on South Korean coins, one chapter of which is the most in-depth discussion of the Seoul Olympics coins you will find anywhere. I also wrote a Korean Coin Price Guide that lists the market pricing for these commemorative coins and all other Korean coins sold in Korea and North America. |
| | Forum: World Coins and Commemoratives |
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| Which South Korean Coins Should You Collect? The 10-Won~!
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mlov
Valued Member
United States
149 Posts |
Posted 12/06/2023 8:18 pm
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That's a good 1968. For some reason, the Korean collectors are paying higher prices for these in better grades of 63 or higher.
1968 USED TO be one of the less valued 1960s 10-Won coins. Not anymore.
Still, the 1969 10-Won coin in NGC grades of 64 or higher are VERY hard to find on the market and are the most valued of these S. Korean copper coins. |
| | Forum: World Coins and Commemoratives |
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| Sujipbank's Korean "Coin Book" Folders
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mlov
Valued Member
United States
149 Posts |
Posted 11/14/2023 07:14 am
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| Thanks for the feedback! It's hard to know what people think of video content on YouTube nowadays, since GONE are the days where nobodies like me could get 8,000+ views on an arcane coin-related video over a year's time and lots of comments from those viewers. |
| | Forum: Supplies, Books, Reference, Software, etc |
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| Korean Dansco Albums!
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mlov
Valued Member
United States
149 Posts |
Posted 10/18/2023 6:00 pm
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Quote:
Disabled it within a year and a half of starting the forum. People are inherently lazy and you end up with 10 nested quotes in one post.
That's never been my experience at other forums that have that the "+QUOTE" button, especially in recent years, but I suppose you gotta do what you gotta do.
Perhaps users would be a LITTLE more sophisticated about it's use nowadays? |
| | Forum: World Coins and Commemoratives |
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| Korean Dansco Albums!
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mlov
Valued Member
United States
149 Posts |
Posted 10/18/2023 5:39 pm
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Quote:
If you are using the Quick Reply box...
Okay. I don't see "reply to topic," just "Reply".
Other forums I have visited in the past just have a "+QUOTE" button.
Having to [quote}, {/quote] is a little odd. Strange that we need to communicate in html code instead of just having a button available.
Thank you for the tutorial! Much appreciated...
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| | Forum: World Coins and Commemoratives |
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