Catalog
10 Jeon
| Issuer | Bank of Korea |
|---|---|
| Year | 1962 |
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| Currency | New won (1962-date) |
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| Obverse description | Printed in blue on a light guilloche underprint, the obverse centres on a large floral cartouche enclosing the numeral 10, flanked to the left by the Korean denomination 십전 in bold characters and to the right by the Bank of Korea title in Hangul alongside a circular red official seal. Oval medallions bearing the Hangul character 십 occupy the upper corners, and the issuer inscription 한국은행권 runs along the top margin. The printer's imprint 한국조폐공사제조 appears at the foot, with denominational numerals 10 repeated in the lower border panels. |
|---|---|
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| Reverse description | Printed in deep blue on a fine guilloche underprint, the reverse carries the issuer title THE BANK OF KOREA in bold Roman capitals within a dark panel across the top. A large symmetrical four-lobed guilloche vignette at centre encloses the numeral 10, flanked by elaborate acanthus scroll ornaments at right. The Korean denomination 십전 is inscribed vertically at left, and the legend 10 JEON appears in a dark panel along the lower border, with the date 1962 at the lower right corner. |
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| Comments |
The 10 Jeon was part of a low-denomination series issued following the 1962 currency reform — the same reform that replaced the Hwan with the Won at a ratio of 10 to 1. These fractional notes were a practical necessity while the new coinage was being minted in sufficient quantity to meet demand, but their useful life was always going to be short. Most circulated heavily and were retired within a few years.
Surviving examples in decent condition are genuinely uncommon precisely because the denomination attracted no collector interest at the time.