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20 Won Horserider

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2005
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Currency Second Won (1959-2009)
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Obverse description The national arms of the Democratic People's Republic of Korea displayed centrally within a mirror-polished proof field, comprising a hydroelectric power station and mountain landscape surmounted by a five-pointed star with radiating rays, flanked by sheaves of rice bound with a ribbon inscribed with the state name in Korean. Two crossed sprigs of grain appear in the lower field. The Korean legend of the issuing bank curves around the upper periphery, with weight specification '31g' and fineness '999' to either side of the arms, and the denomination '20 WON' inscribed along the lower border.
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Reverse script Latin
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Additional information

North Korea has issued commemorative silver pieces through state trading companies since the 1970s, almost exclusively for hard currency export rather than domestic circulation — no ordinary citizen would encounter one. This horserider type belongs to a wave of issues produced in the early 2000s targeting foreign collectors and numismatic distributors in China and Europe, with the Central Bank acting as issuer in name only.

KM#1054 is one of dozens of near-identical format pieces from this period, making population data essentially meaningless — export quantities were never disclosed.

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