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100 Won Mandarin Ducks

Issuer Central Bank of the Democratic People's Republic of Korea
Year 1995
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Composition Silver (.999)
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Obverse script Korean (Hangul)
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Reverse description A colorfully enameled central motif depicts a pair of Mandarin Ducks (Aix galericulata) swimming on a stylized blue waterway, the male prominently rendered in vivid green, orange, and white plumage in the foreground, the female shown in subdued grey and white tones behind him. The scientific name AIX GALERICULATA is inscribed in raised Latin capitals along the upper legend, and the denomination 100 WON appears in the lower exergue in bold lettering. The naturalistic, polychrome enamel treatment gives the design a pictorial quality characteristic of North Korean wildlife commemorative issues.
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Additional information

North Korea's foreign currency commemorative program, active through the 1990s, was never intended for domestic circulation — these pieces were produced specifically to generate hard currency from overseas collectors, a pragmatic revenue stream for a state under tightening international sanctions. The Mandarin Duck series sits within a broader run of wildlife-themed issues from this period aimed squarely at the Asian export market.

KM#104 is occasionally found in sealed original packaging, which meaningfully affects secondary market pricing given how rarely the issuing authority's documentation survives intact.

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