Watch List notes:

KOREA: Kwang Mu, 1897-1907, ¼ yang, year 2 (1898), KM-1118, circulating counterfeit, well-executed, except for the word "YANG", which is the giveaway, AU These were made on Japanese machinery and wound up being authorized for circulation by the Korean Government. We believe these are much rarer than the Krause values indicate, as this is the first piece we have handled in the last 10 years.

Estimate: 75-125 USD