Korea: Yi Hyong (Kojong) white-metal Specimen Pattern 5 Niang Year 495 (1886) SP64 PCGS,...
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Yi Hyong (Kojong) white-metal Specimen Pattern 5 Niang Year 495 (1886) SP64 PCGS, Incheon mint, KM-Pn16, Jacobs/Vermeule-AA103. Of exceptional rarity, this Crown-sized Pattern represents Korea's early efforts toward modernizing its currency, as well as a trophy for the Korean specialist as the largest denomination in the nation's machined coinage era. Yielding an impression of quality due to an exacting strike and prominent reflectivity, this representative is set to stun the viewer while the turn of the wrist unleashes shimmering underlying brilliance. The finest of this type we've yet handled, besting even the Norman Jacobs example we handled in 2011 by a full point, and certainly worthy of an equally quality-conscious steward. Traditionally, commerce relied on square-holed copper "yopchon" coins, which served domestic trade but were often refused in international markets. Seeking broader acceptance, the Korean government appointed German advisor Paul Georg von Möllendorff to lead the Chonwankuk Government Mint. Working alongside engineers from Osaka, the groundbreaking 1886 Pattern series was developed. This experimental series included coins struck in gold, silver, and copper, with denominations ranging from 20 Warn down to 1 Mun. Although Patterns were produced across all denominations, only the 1 Warn, 5 Mun, and 10 Mun were ultimately released for circulation, marking a significant transition from traditional coinage to a modern monetary system. HID07901242017 www.HA.com/TexasAuctioneerLicenseNotice
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