Catalog
| Issuer | South Korea |
|---|---|
| Year | 1968-1982 |
| Type | Standard circulation coin |
| Value | 1 Won |
| Currency | New won (1962-date) |
| Composition | Aluminium (100%) |
| Weight | 0.729 g |
| Diameter | 17.2 mm |
| Thickness | 1.54 mm |
| Shape | Round |
| Technique | Milled |
| Orientation | Coin alignment ↑↓ |
| Engraver(s) | |
| In circulation to | |
| Reference(s) | KM#4a, Schön#54a |
| Obverse description | Rose of Sharon (Hibiscus syriacus), South Korea`s national flower |
|---|---|
| Obverse script | Hangul |
| Obverse lettering |
일원 한국은행 (Translation: One Won Bank of Korea) |
| Reverse description | Denomination |
| Reverse script | Latin |
| Reverse lettering | THE BANK OF KOREA 1969 1 |
| Edge | Smooth |
| Mint | |
| Mintage |
1968 - - 66 500 000 1969 - - 85 000 000 1970 - - 45 000 000 1974 - - 12 000 000 1975 - - 10 000 000 1976 - - 20 000 000 1977 - - 30 000 000 1978 - - 30 000 000 1979 - - 30 000 000 1980 - - 20 000 000 1981 - - 20 000 000 1982 - - 30 000 000 1982 - Proof - 2 000 |
| Numisquare ID | 3614155510 |
| Additional information |
Historical Context: The South Korean 1 Won coin, issued from 1968 to 1982, circulated during a pivotal era dominated by President Park Chung-hee (1963-1979) and early Chun Doo-hwan years. This period saw South Korea's rapid industrialization and economic growth, known as the "Miracle on the Han River." The 1 Won, a low-denomination coin, facilitated daily transactions as the nation transformed, symbolizing economic stability and national self-reliance.
Artistry: The 1 Won's design embodies a functional, nationalistic aesthetic. While specific engraver attribution is rare for circulating issues, the stylistic school aligns with modern Korean numismatic traditions. The obverse prominently features the Mugunghwa, or Rose of Sharon, the national flower of South Korea, symbolizing perseverance and prosperity. The reverse displays the denomination in Hangul and Arabic numerals, with the year of mintage, rendered in a clear, legible font for mass production.
Technical/Grading: Struck from 100% aluminum, this coin is exceptionally light (0.729 gg) and small (17.2 mm). Due to aluminum's softness, strikes can often be weak, especially on the Mugunghwa's petals and central stigma. High-points for grading include the flower's definition and the crispness of the Hangul and numerals. Fully struck examples show clear separation. Aluminum coins are highly susceptible to circulation damage like dents and scratches, significantly impacting their preservation and grade.