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Heritage World Coin Auctions
ANA Signature Sale 3041 Sess. 4  13 August 2015
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Lot 32302

Estimate: 90 000 USD
Price realized: 95 000 USD
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Korea
Japanese Protectorate - Yung Hi gold 5 Won Year 2 (1908) MS66 PCGS, Osaka mint, KM1142, JV-A7. A veritable gem, this offering presents rose-tinged surfaces that absolutely radiate with full, original mint bloom and design motifs that are just as awe-inspiring. The obverse features a stylized dragon clutching the pearl of celestial wisdom and the reverse depicts the imperial seal of Korea atop the vertically positioned denomination, surrounded by wreaths of intertwined flowers and leaves. Upon closer inspection the excellence of this specimen is further confirmed with devices that exhibit pinpoint definition and open expanses that are virtually flawless. As the first year of this two-year series--and the only collectible date at that--the 1908 5 Won claims a reported original mintage of 10,000 pieces; however, according to Jacobs and Vermeule, a sizeable portion of that was melted down by the Japanese in 1910. Regardless of the exact number, it is safe to presume that surviving examples of this type are extremely scarce and incredibly rare.Emperor Yung Hi of the Yi Dynasty was the second and final Emperor of Korea ruling from 1907 until 1910. During the protectorate era, the Won coins of Korea displayed the representative Japanese dragon motif and were struck in Osaka to the Japanese standard. As for the gold coins, the 5, 10, and 20 Won appeared just before Korea's independence was extinguished. Since almost all of the gold coins were melted after Korea was annexed to Japan in 1910, the exact number of surviving examples is unknown, but thought to be extremely small in number.

Estimate: 90000-110000 USD
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