Catalog
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| Issuer | Central Bank of the Democratic People's Republic of Korea |
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| Year | 1987-1998 |
| Type | Non-circulating coin |
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| Obverse description | The national coat of arms of the Democratic People's Republic of Korea is centrally displayed, depicting a hydroelectric power station below a radiant red star, framed by sheaves of rice bound with a ribbon in the national colors. The Korean inscription 조선민주주의인민공화국중앙은행, denoting the Central Bank of the Democratic People's Republic of Korea, arcs around the upper periphery. The lower field bears the Juche year designation 주체87 above the Gregorian year 1998, flanked by the fineness and weight indicators 1 OZ and 999, confirming the coin's one troy ounce fine silver specification. |
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| Obverse lettering | 조선민주주의인민공화국중앙은행 1 OZ 999 주체87 1998 |
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| Additional information |
North Korea's hard currency commemorative program, active from the 1970s onward, was designed almost entirely for export — these pieces were never intended to circulate domestically and were sold through foreign dealers and diplomatic channels to generate convertible currency for the state. The Folk Series sits within that framework, targeting collectors in Japan, Germany, and elsewhere with scenes of traditional Korean culture that the regime simultaneously promoted as proof of national distinctiveness.
KM#112.1 denotes the first of two documented variants; a .925 composition issue was struck alongside this .999 example, distinguished in the catalog by the suffix.