Heritage World Coin Auctions
Hong Kong Signature Sale 3065 28 Jun 2018
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Korea
Russian Domination. Kuang Mu copper-nickel 5 Chon Year 6 (1902) AU58 NGC, KM1122. Obv. Russian eagle. Rev. Value in wreath. The strike is bold, with light gray toning over surfaces showing some remaining luster and a few reverse contact marks. Increased Russian influence in Korea, from 1896-1904, resulted in three types of coins (1 Chon, 5 Chon, and 1/2 Won) being struck with a Russian eagle in place of the Japanese style dragon. These pieces were one-year types authorized and issued by financial advisor Alexiev of the Russo-Korean Bank. All are very rare. Only 4-5 pieces have been offered at auction in the last 10 years. An extremely rare issue, with none certified finer.
King Kojong assumed the title of Emperor Kuang Mu in 1897 and struggled to preserve Korea's independence during a tumultuous time in history when Korea faced successive threats by China, Russia, and Japan. Predating this was the Sino-Japanese War (1894-1895) when the Qing Dynasty of China and the Meiji of Japan were warring for dominance over Korea and, subsequently, East Asia. Japan prevailed and the loss had devastating consequences in China that would culminate with the Xinhai Revolution of 1911. However, Japan's position was almost immediately threatened by Russian influence which lasted until the Russo-Japanese War (1904-1905), at which time Japan established a direct protectorate over Korea.
HID02901242017
Estimate: 35000-45000 USD
Russian Domination. Kuang Mu copper-nickel 5 Chon Year 6 (1902) AU58 NGC, KM1122. Obv. Russian eagle. Rev. Value in wreath. The strike is bold, with light gray toning over surfaces showing some remaining luster and a few reverse contact marks. Increased Russian influence in Korea, from 1896-1904, resulted in three types of coins (1 Chon, 5 Chon, and 1/2 Won) being struck with a Russian eagle in place of the Japanese style dragon. These pieces were one-year types authorized and issued by financial advisor Alexiev of the Russo-Korean Bank. All are very rare. Only 4-5 pieces have been offered at auction in the last 10 years. An extremely rare issue, with none certified finer.
King Kojong assumed the title of Emperor Kuang Mu in 1897 and struggled to preserve Korea's independence during a tumultuous time in history when Korea faced successive threats by China, Russia, and Japan. Predating this was the Sino-Japanese War (1894-1895) when the Qing Dynasty of China and the Meiji of Japan were warring for dominance over Korea and, subsequently, East Asia. Japan prevailed and the loss had devastating consequences in China that would culminate with the Xinhai Revolution of 1911. However, Japan's position was almost immediately threatened by Russian influence which lasted until the Russo-Japanese War (1904-1905), at which time Japan established a direct protectorate over Korea.
HID02901242017
Estimate: 35000-45000 USD