DPRK 100 Won Coin: A Numismatic Legacy of North Korea

Historical Significance

The DPRK 100 won coin, introduced in 1978, is a testament to the economic and cultural history of North Korea. Its distinctive features, including a depiction of the country's founder, Kim Il-sung, and the emblem of the Workers' Party of Korea, have made it an iconic symbol of the nation.

Design and Specifications

The coin is composed of bronze and measures 28 millimeters in diameter. Its obverse bears the profile of Kim Il-sung, facing to the right, with the Korean inscription "김일성" and the year of issue below. The reverse features a hammer and sickle, the emblem of the Workers' Party of Korea, encircled by the inscription "조선민주주의인민공화국" (Democratic People's Republic of Korea) and the denomination "100" in Chosŏn'gŭl.

Monetary Circulation

The 100 won coin has been an integral part of North Korea's monetary system since its introduction. It has undergone several design modifications over the years, most notably in 2008 when the denomination was changed from "100 원" to "100" in Chosŏn'gŭl.

The coin's monetary value has fluctuated significantly over time. In 1978, 100 won was equivalent to approximately 0.25 US dollars. However, due to hyperinflation and currency reforms, its value has since diminished considerably. As of 2023, the 100 won coin is estimated to be worth less than a penny in US currency.

Numismatic Value

Despite its low monetary value, the DPRK 100 won coin remains a popular collectible among numismatists and history enthusiasts. Its unique design and historical significance make it a sought-after item for collectors specializing in North Korean currency or Asian coinage in general.

The numismatic value of the coin can vary depending on its condition, year of issue, and rarity. Uncirculated or mint-state coins command a higher premium than circulated coins, and certain years or varieties may be more valuable due to their scarcity.

Counterfeiting and Forgeries

Counterfeiting and forgery of the DPRK 100 won coin have been reported, particularly in the black market and among unscrupulous collectors. Counterfeit coins may be made of inferior materials or have poorly executed details, and they often lack the distinctive milling or edge markings found on genuine coins.

Collectors are advised to exercise caution when purchasing DPRK 100 won coins from unauthorized sources. Reputable coin dealers and certified numismatic grading services can provide assurance of authenticity and value.

Future Prospects

The future of the DPRK 100 won coin as a circulating currency remains uncertain. With the ongoing economic reforms and monetary policies in North Korea, the coin's monetary value may continue to fluctuate. However, its cultural and historical significance is likely to endure, ensuring its status as a collectible and a reminder of North Korea's past.

Tables

Table 1: DPRK 100 Won Coin Specifications

Table 2: DPRK 100 Won Coin Denomination History

Table 3: DPRK 100 Won Coin Counterfeiting Detection

Table 4: DPRK 100 Won Coin Collector Market