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250 Won 40th Anniversary Central Bank
| Issuer | North Korea |
|---|---|
| Year | 1988 |
| Type | Non-circulating coin |
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| Reverse description | The celebrated Chollima Monument is depicted in bold relief at the centre-left of the field, portraying a heroic worker astride the legendary winged horse Chollima, rearing dramatically atop a stylised stone plinth. The figure raises a document aloft, symbolising the revolutionary spirit of the Korean people. A beaded border frames the design. The denomination '250원' appears to the right in the field, with the fineness and weight specification 'FINE GOLD 1/4 OZ. 999.9' inscribed along the lower portion of the field in Latin characters. |
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| Mintage | 1988 - Proof |
| Additional information |
Issued to mark the fortieth anniversary of the Korean Central Bank, founded in 1948 alongside the formal establishment of the Democratic People's Republic of Korea. North Korean gold commemoratives of this period were produced exclusively for foreign currency earning — never intended to circulate domestically, where hard currency was prohibited from private ownership. Most were sold through Vereinigung, the East German state trading company, or through Tong-il, Pyongyang's own export arm, to Western collectors and dealers willing to engage with the DPRK market during the late Cold War.
KM#29 is genuinely scarce; survivorship is poorly documented precisely because the distribution channels were informal by design.