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10 Won Austrian Schilling

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2002
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Value 10 Won
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Obverse lettering 조선민주주의인민공화국중앙은행
1 OZ 999
10 WON
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Edge Reeded
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Additional information

This piece belongs to a series of North Korean collector issues that repurposed the coinage designs of foreign nations — in this case, Austria — for hard currency export. The DPRK began issuing silver and base-metal commemoratives aggressively from the 1990s onward, targeting Western coin dealers and collectors as a source of foreign exchange the regime could not obtain through conventional trade. The Austrian Schilling itself had ceased to be legal tender by January 2002 when the euro replaced it, making this issue a commemorative of a currency that was already extinct at the time of striking.

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