500 WON 1992 PRICE UPDATE

COURTESY:WIKIPEDIA
The 500 won coin (Korean: 오백원 동전; Hanja: 五百원 銅錢; RR: Obaegwon dongjeon; MR: Obaegwŏn tongjŏn) is one of the South Korean won coins issued by the Bank of Korea, the central bank of South Korea.
DESIGN
On the obverse is a Red-crowned crane, one of the migratory birds that lives in South Korea, and the inscription "오백원" (Obaegwon), which means 500 won. On the reverse is the Arabic number "500", which means 500 won, the year of manufacture, and the "한국은행" (Hanguk Eunhaeng), which means the Bank of Korea. The Composition of the coin is Cupronickel (75% copper, 25% nickel), weighs 7.70g, has a diameter of 26.50mm and a thickness of 2.00mm, with 120 reeds carved on the edge. The red-crowned crane drawn on the coin looks like it is flying, which means "second economic leap" and "South Korea leap in the international community".
HISTORY
On January 21, 1982, the Bank of Korea approved a plan to issue 500 won coins to replace the existing 500 won banknotes,and on June 12, 1982, 500 won coins were first issued.On January 15, 1983, the Bank of Korea issued a 1 won coin, 5 won coin, 10 won coin, 50 won coin and 100 won coin that modified the design form to match the 500 won coin.
The Bank of Korea originally planned to issue about 56,000,000 500 won coins in 1998, but canceled them after a campaign to collect coins took place in various regions of South Korea due to the influence of South Korea's request for an IMF bailout on December 3, 1997. Instead, the Bank of Korea has collected large amounts of 500 won coins from various regions of South Korea, while producing only about 8,000 500 won coins for gift sets. For this reason, only about 1,000 of the 500 won coins issued in 1998 are estimated to be circulating on the market, and due to their high scarcity, they are traded at hundreds of thousands of won per coin.

[@pigeonflyvlog7029]

whoww galing salamat sa pagbahagi bagong kaalaman na naman

[@NUMISMATIST-SAM]

Ok po

[@spotlightseenninja1738]

That was awesome thank you for sharing..

[@franciscapascual8300]

Hola qué valor tiene ésa moneda la tengo en Rep dominicana

[@KalimaTumbi]

Waw,,mabibili pla yan

[@chubbylusciousnurse6616]

You're into coin collection? That's a great hobby

[@NUMISMATIST-SAM]

Yes po

[@SquareCoinTalk]

the crane is very cool , nice video SAM stay safe

[@NUMISMATIST-SAM]

Thank you Square Coin Talk

[@dudelemz3759]

magandang collector items yan...

[@NUMISMATIST-SAM]

Oo nga po eh bingay lang po yan sa akin ng tito ko po