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500 Won Barcelona Olympics-Discus Thrower
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | 500 Won |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Korean/Latin |
| Obverse lettering | 조선민주주의인민공화국중앙은행 999 27g D.P.R.OF KOREA 1989 (Translation: Central Bank of the Democratic People's Republic of Korea) |
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| Additional information |
North Korea's Olympic commemorative series occupies a peculiar niche: a state almost entirely excluded from hard-currency international trade producing coins explicitly designed to be sold abroad for foreign exchange. The Barcelona Games were still three years away when this piece was struck in 1989, making it an early speculative issue aimed squarely at European and Asian collector markets rather than any domestic circulation.
The DPRK had been banned from co-hosting the 1988 Seoul Olympics after demanding half the events — negotiations collapsed in 1987, and Pyongyang ultimately boycotted the Games entirely. Issuing coins for Barcelona was, in part, a quiet repositioning.