Monetary reform came to South Korea in 1962 and old hwan pieces like these were replaced with modern won issues.
These coins are not very valuable. If a piece is in better condition, and if a collector really needs it to complete his or her set, one of these coins might sell for two US dollars or a little more.
worn: less than $1 US dollar approximate catalog value
average circulated: less than $1
well preserved: $1
fully uncirculated: $4
The coin bears a Dangun date, with a calendar starting at the legendary founding of Korea in 2333BC. If you can find a 10 hwan coin with a 4292 date (equivalent to 1959), it is more valuable. Most 4292 10 hwans are heavily circulated. An uncircluated example catalogs for $50 if dated 4292. There are many more 4294 (1961) coins in uncirculated condition and they are barely valuable.
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