The E-Sylum:  Volume 9, Number 4, January 22, 2006, Article 19

KOREAN FANCY SERIAL NUMBERS IN DEMAND

We've mentioned this trend in earlier E-Sylums.  An article
published January 21 in Korea notes the high popularity of
banknotes with unusual serial numbers:

"As new 5,000 won bills with unique serial numbers gain
popularity among banknote collectors, their prices on the
collector’s market have skyrocketed."

The Bank of Korea and Auction, an Internet auction company,
said yesterday that the Bank of Korea began an auction for
new 5,000 won bills with serial numbers from 6,701 to 10,000
at 5:00 p.m. on January 19, and that hundreds of bidders
participated.

The hottest bills at the auction were a batch of 10 bills
with serial numbers from 7,771 to 7,780, which included a
banknote with the unique serial number: AA0007777A.

"At 3:00 p.m. on that day, 36 people attended the auction,
and the price of the lot went up to 4.1 million won, about
80 times the face value of the bills. In other words, 5,000
won bills were being sold for 410,000 won apiece."

To read the complete article, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

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