User:Donald Trung/Korean yang (兩) + Moneta-Coins expansion

This page serves as "the editing history" of the English Wikipedia article "Korean yang" and is preserved for attribution and editing history.


 * https://en.m.wikipedia.org/wiki/Special:MobileDiff/919465593...919646509
 * ✅. --Donald Trung (talk) 21:31, 4 October 2019 (UTC).

Old drafts
The yang (양/兩) was the currency of Korea between 1892 and 1902. It was subdivided into 10 jeon (전/錢), 100 bun (분/分) and 5 yang = 1 hwan (환/圜).

Etymology
The word yang is a cognate of the Chinese "tael" (pronounced "liǎng" in Chinese). Fun (pronounced "pun" but spelt with an "f" on the coins), is also a cognate of a Chinese word, fen, which is equal to 1/100 yuan, whilst hwan is a cognate of yuan itself.

History
Just before the yang was introduced, a small number of coins denominated in hwan (환/圜) and mun (문/文) were minted (1 won = 1000 mun). It is unclear whether these coins circulated. The 1 won and 5 yang coins were equal in size, containing 416 grains of silver. However, before 1892, the main currency of Korea was the mun, a denomination based on the Chinese cash (Chinese: 文; pinyin: wén).

The mintage and circulation of modern currency began during the last years of the old Korean Empire as a result of contact with the West, using equipment to produce machine-struck coins purchased from Germany in 1883. The Osaka Copper Works, a Japanese firm foreseeing profit in the coin minting business, suggested to the Korean government to establish another mint in the port city of Incheon. Incheon was selected by the Japanese because it would then be more easy to bring mint machinery from Japan to Korea.

In November of the year 1892, a new mint was established in the city of Incheon which led to the old mint for machine-struck in Seoul to be demolished. New machinery and raw materials used for producing milled coinage were imported from Japan. The new Incheon Mint was entirely staffed by Japanese technicians from the Osaka Copper Works and from the Japan Mint in Osaka. The Incheon Mint prepared a completely new line of coins with very heavily inspired Japanese designs, this series also included the first copper-nickel of Korea.

Around the time of the trial adoption of the gold standard in 1901, gold and silver coins were in circulation along with some Japanese bank notes.

The yang was replaced by the won at a rate of 1 won = 5 yang.

Coins
Coins were minted in the denominations of 1 fun, 5 fun, ¼ yang, 1 yang, 5 yang and 1 hwan. The coins all carried the title of the state, "Great Joseon" (Great Korea; 대조선; 大朝鮮), then just "Joseon" (Korea; 조선; 朝鮮) and then Daehan (대한; 大韓). The name of the country on these new coins, as it had been on the coins issued in the year Kaeguk 497, was "Great Korea". But on the insistence of the Chinese resident-general Yuan Shikai the Chinese character "大" (dae) was removed from coins produced in the years Kaeguk 502, Kaeguk 503, and early Kaeguk 504. The reason why Yuan Shikai demanded this was because Korea, which at the time was a vassal state of the Qing dynasty, said that the inclusion of the character "大" was an affront to the Chinese Empire.

Until 1897, the dynastic dating system was used, where the founding year of the Joseon Dynasty, 1392, was year 1. Starting in 1897, the regnal year of the monarch was used instead.

Banknotes
A series was printed by the Treasury Department but never issued. The denominations were 5 yang, 10 yang, 20 yang, and 50 yang.

Standard reference templates

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 * September 2019.
























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 * May 2019.






 * April 2019.






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 * June 2017.



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