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20 000 Won Crown of the Silla Dynasty

Issuer Bank of Korea
Year 1970
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Composition Gold (.900)
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Obverse description The national arms of the Republic of Korea — depicting the taeguk symbol at centre within a decorative floral wreath — flanked by stylised rose branches. Below the arms, a ribbon cartouche bearing the Korean legend 대한민국 (Republic of Korea). The denomination 20.000 원 WON appears in the lower field, with the issuer's name 한국은행 (Bank of Korea) inscribed beneath in Korean characters. The dual-calendar date 4303 - 1970 is inscribed in the upper field arc.
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Mintage 4303 (1970) - KM#18.1; Valcambi Mint; Proof - 382
4303 (1970) - KM#18.2; Paris Mint; Proof - 52
Additional information

Issued as part of Korea's first gold commemorative series, this piece was authorized during the Park Chung-hee government's aggressive push to project national prestige and attract foreign currency — commemorative coins of this period were sold internationally at a premium well above face value. The Silla Dynasty, which unified the Korean peninsula in 668 AD under King Munmu, provided politically safe iconography: ancient enough to be uncontroversial, prestigious enough to anchor a nascent numismatic export program.

Mintage was extremely low, with production handled under strict authorization from the Bank of Korea. The .900 fine specification aligns it with pre-1933 American gold coinage standards rather than the .999 fine used in later Korean issues.

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