1000 Won Banknote Value Guide

This 1000 Won banknote is a significant numismatic artifact issued by the Bank of Korea during the pivotal year of 1950. As a primary currency used at the onset of the Korean War, it represents a tangible link to South Korea's early economic struggle and survival.

What Is 1000 Won Banknote Worth?

The typical price range for 1000 Won Banknote is $15 - $25 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The presence of crisp corners and original paper luster significantly increases the value toward the $25 range.
• Heavy circulation wear, folds, or ink stains can reduce the market price to approximately $15.
• The clarity of the serial numbers and the absence of pinholes or tears are critical for high-grade valuation.
• Historical provenance or evidence of use during the 1950 conflict can enhance collector interest.

How to Identify 1000 Won Banknote?

• Verify the 'Bank of Korea' title printed in Hanja (traditional characters) on the note's face.
• Check for the specific 1950 issue date, which distinguishes it from later post-war denominations.
• Examine the paper quality and intricate engraving patterns typical of early 1950s South Korean printing technology.
• Look for the official red seal of the Governor of the Bank of Korea on the obverse side.

History of 1000 Won Banknote

This 1000 Won banknote was issued by the Bank of Korea in 1950, a significant year marking the beginning of the Korean War. These notes were crucial for economic transactions during a turbulent period, and their survival often speaks to the historical events they witnessed. Collecting these banknotes offers a tangible link to South Korea's post-war foundational economy and its tumultuous past.