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1000 Won 40 Years of the D.P.R.K.
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 1988 |
| Type | Non-circulating coin |
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| Obverse lettering | 조선민주주의인민공화국창건 1988 40돐 (Translation: 40th anniversary of the founding of the Democratic People's Republic of Korea 1988) |
| Reverse description | A dynamic depiction of the Chollima statue, a celebrated North Korean monument representing a winged horse in full gallop, mounted by a heroic figure brandishing a rifle and document aloft. The statue rises from a stepped stone plinth occupying the left and lower portions of the field. To the right, the denomination '1000원' is inscribed in Hangul. Along the lower rim, within a beaded border, the Latin legend 'FINE GOLD 1 OZ. 999.9' attests to the coin's gold content and fineness. |
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Issued to mark the fortieth anniversary of the Democratic People's Republic of Korea, founded September 9, 1948, this gold piece appeared during one of the regime's most economically precarious decades. By 1988, North Korea had already begun defaulting on its foreign debt — a crisis that had been building since the mid-1970s — while simultaneously pouring resources into the Seoul Olympics it refused to attend, following a failed bid for co-hosting rights.
The .9999 fineness places it among the purest gold issues of the period, almost certainly produced for hard-currency export rather than domestic circulation, where gold coinage had no practical role.