PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V9 2006 INDEX       E-SYLUM ARCHIVE




The E-Sylum:  Volume 9, Number 51, December 17, 2006, Article 9

BANK OF KOREA ISSUES NEW COPPER-COATED ALUMINUM COINS

While the U.S. frets over what to do about the cost of raw materials,
the Korea Times reports that "The Bank of Korea said Monday it would
issue new 10-won coins and distribute them to banks next Monday for
public circulation.

"The new coin will be smaller and lighter than the current one. It
weighs 1.2 grams and is 18 millimeters in diameter, while the current
one weighs 4.06 grams and is 22.86 millimeters in diameter.

"The bank has decided to manufacture the coin using copper-coated
aluminum, which is much cheaper and lighter than an alloy of copper
and zinc used for the current ones. The bank said it could save about
4 billion won in manufacturing costs annually by changing the material."

"South Korea is the first country to use copper-coated aluminum for
manufacturing coins. The bank said tests show the material is good
for smaller coins."

To read the complete article, see: Full Story

  Wayne Homren, Editor

Google
 
coinbooks.org Web
The Numismatic Bibliomania Society is a non-profit organization 
promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor 
at this address: whomren@coinlibrary.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 2005 The Numismatic Bibliomania Society.

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V9 2006 INDEX       E-SYLUM ARCHIVE


Copyright © 1998 - 2005 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster