SOUTH KOREA-1993-100 WON

The won (원) (symbol: ₩; code: KRW) is the currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates. The won is issued by the Bank of Korea, based in the capital city, Seoul. The official currency of North Korea, issued by the Central Bank of the Democratic People's Republic of Korea which is based in its capital city, Pyongyang, is divided into the same number of units, and is known as the North Korean won.

During the Colonial era, the won was replaced at par by the yen, made up of the Korean yen.

In 1945 after World War II, Korea became divided, resulting in two separate currencies, both called won, for the South and the North. Both the Southern won and the Northern won replaced the yen at par. The first South Korean won was subdivided into 100 jeon.

The South Korean won was initially pegged to the U.S. dollar at a rate of 15 won = 1 dollar. A series of devaluations followed, the later ones in part due to the Korean War.

The first South Korean won was replaced by the hwan on February 15, 1953 at a rate of 1 hwan = 100 won. Republic of Korea Banknotes 5th Edition

The won was reintroduced on June 9, 1962 at a rate of 1 won = 10 Hwan. It became the sole legal tender on March 22, 1975 with the withdrawal of the last circulating Hwan coins. Its ISO 4217 code is KRW. At the reintroduction of the won in 1962, its value was pegged at 125 won = 1 U.S. dollar. The following pegs operated between 1962 and 1980.

Until 1966, 10 and 50 Hwan coins, devalued as 1 and 5 won, were the only coins in circulation. New coins, denominated in won, were introduced by the Bank of Korea on August 16, 1966 in denominations of 1, 5 and 10 won, with the 1 won struck in brass and the 5 and 10 won in bronze. These were the first South Korean coins to display the date in the Common era, earlier coins having used the Korean calendar. The 10 and 50 Hwan coins were demonetized on March 22, 1975.

 In January 1983, with the purpose of standardizing the coinage, a new series of 1, 5, 10, 50, and 100 won coins were issued, using the same layout as the 500 won coins, but conserving the coins old themes.

In 1998, the production costs per coin were are as follows: 10 won coins each cost 35 won to produce, 100 won coins cost 58 won, and 500 won coins cost 77 wonThe 100 won coins have exactly the same shape as the U.S. quarter

The Bank of Korea is the only institution in South Korea that has the right to print banknotes and mint coins. The banknotes and coins are printed at KOMSCO, a government-owned corporation, under the guidance of the Bank of Korea. After the new crisp banknotes and coins are printed/minted, they are bundled up in bundles/rolls and shipped to the Headquarters of the Bank of Korea. When delivered, the banknotes and coins are deposited inside the Bank's vault, ready to be distributed to commercial banks when requested. Every year, around Seollal and Chuseok, two major Korean holidays, the Bank of Korea distributes large amount of its currency to most of the commercial banks in South Korea, which are then given to their customers upon request.

The won (원, 圓) was the currency of Korea between 1902 and 1910. It was subdivided into 100 chon (전, 錢).

Won is a cognate of the Chinese yuan and Japanese yen.

The won was introduced in 1902, replacing the yang at a rate of 1 won = 5 yang. In 1909, the Bank of Korea (한국은행; 韓國銀行) was founded in Seoul as a central bank and began issuing currency of a modern type. The won was equivalent to the Japanese yen and was replaced by the Korean yen in 1910 during the Colonial Era. In 1910, the Bank of Korea was renamed the Bank of Joseon (조선은행; 朝鮮銀行), which issued notes denominated in yen and sen.

Coins were minted in the denominations of ½, 1, 5, 10 and 20 chon, ½, 5, 10 and 20 won. The coins all carried the title of the "state", Daehan (대한; 大韓), and the Korean era name, Gwangmu (광무; 光武) and then Yunghui (융희;隆熙), whilst the specifications were equivalent to the coins of the Japanese yen.

This copper-nickel coin with weight 5.42 gram has a  diameter 24 mm and thickness 1.5 mm. This coin was first issued in 1983 with about 130,000,000 coins with small portrait and and 1984 onward large portrait.The coin was last issued in 2015.This coin is of the era South Korean-Republic(1948-present) and head of the state was Kim Young-sam van Zuid Korea(1993-1998), Roh Tae-woo van Zuid Korea(1988-1993).The years coin issued was 1983-2015.This coin was minted in 1993 with about 185,000,000. Theme of the coin is Admirals, Yi Sun-sin.Obverse of the coin shows Admiral Yi Sun-sin(1545-1598), Korean National Hero and reverse shows Value and "bank of Korea in Hagul and lettering 1993(year) and 100 won.

So far about 5,847,000,000 coins were minted. The peak value of the coin is $ 49/25 pound.