My father was in the US military in the late 50's early 60's and I found a bunch of bills from around asian countries. There was only this one from Korea. Was just looking for some information on it.
https://www.reddit.com/gallery/1tzifbn
Posted by GTR224-fret50
5 Comments
Wow that’s cool. 전 is cents if 원 was a dollar, so that’s basically 1/2 원. 1500 원 is 1 USD atm, meaning the face value is worth 0.00032 USD. I’m sure it’s worth a lot more as a collectors item though.
This is the 50 *jeon* bill that was first issued in 1962. A *jeon* is what “cent” is to a “dollar” for Korean *won* – 100 jeon equals 1 won. The series of paper bills that were first issued and circulated in 1962 are the oldest ones in the country that retain the legal tender status. In other words, you can still technically go to a bank and get that money exchanged to a current one. Practically speaking though, you need twenty of these bills first. This is because the smallest demomination currently in circulation is the 10 won coin. 😄 And obviously, this is much more valuable in the collectors’ market.
I personally own a 1 won bill from this series, which is worth twice the one you have at face value. It was handed down to me from my grandfather. So I could recognize the style right away.
Looks nice 👍👍👍👍👍 post more if you have them
I had no idea those existed. This is awesome piece of history, keep it safe and maybe under plexiglass ?
Quite a mint condition for a old paper money!