N. Korea to issue gold, silver coins in honor of late leader

Korea Herald ^ | 12/31/11

[TigerLikesRooster]

N. Korea to issue gold, silver coins in honor of late leader

2011-12-31 10:37

North Korea said Saturday it will issue gold and silver coins to mark the 20th anniversary of late leader Kim Jong-il's ascension to the supreme commander of the communist nation's armed forces.

Pyongyang's Korean Central News Agency made the announcement minutes after Kim's successor son, Jong-un, took over the supreme commandership in a strong sign that the young son, believed to be in his late 20s, is rapidly solidifying power.

The commandership is one of the titles that the late leader held before his death on Dec. 17, along with the general secretary of the ruling Workers' Party and the chairman of the National Defense Commission.

Kim Jong-un is expected to assume the other posts as well.

KCNA said the coin issuance is to mark the late leader's "immortal achievements" of making North Korea an invincible military power with nuclear weapons that no enemy can dare touch under his "songun" or military-first leadership, and to keep such feats "shining through generations."

The gold coins will be minted 35 millimeters in diameter, 2mm thick, while silver ones will be 40mm in diameter and 3mm thick, KCNA said.

(Yonhap News)

[TigerLikesRooster]

[TigerLikesRooster]

Kim junior now appears on a commemorative stamp wit his dead dad and has his own currency note(5,000 won)

[BIGLOOK]

......and who will end up with both of those newly minted coins?

The new ₩5000 is worth about US $37.00 which is more than most villages in the PRK have collectively.

[panaxanax]

What a beautiful stamp! The designer must be real proud of himself. sarc/

[panaxanax]

There’s probably on a half dozen people in the whole country who could afford either one of these coins, which are most likely counterfeit anyway.

[panaxanax]

on = only

[Beagle8U]

With any luck this will cause Ron Paul to move there.

[TigerLikesRooster]

I agree that Ron Paul needs his own utopia somewhere.

[JPG]

Little Kimmy, the overstuffed Nork asswipe, will be lucky to see 30.

[headsonpikes]

The Norks should issue some cylindrical lead coins with L’il Kim’s name on them - lots of them.

A Ceaucescu-style retirement party would be fun for the whole family.

[COBOL2Java]

Hey! They copied "Tourist Guy"!

[COBOL2Java]

Be interesting coins for a collector. I wonder however, whether they truly will be .999 pure. China has been minting a lot of counterfeit gold and silver coins.

[John123]

North Korea said Saturday it will issue gold and silver coins

Will they be convertible to fake dollars?

[Atlas Sneezed]

I wonder however, whether they truly will be .999 pure. China has been minting a lot of counterfeit gold and silver coins.

---

I think you have your facts wrong. The Chinese fakes are typically the correct metal purity, but duplicates of rare dates of collectible coins.

Plus obvious novelty fakes that are the wrong size and weight.

[COBOL2Java]

I think this story proves my point: Now Chinese Counterfeiters Are Ripping Off Precious Metal Investors

[SevenofNine]

You know what Tiger I think my father who coin collecter wouldn’t mind scoring that just as history item

[SevenofNine]

The stamp is not bad either Tiger would be covert like everybody say to fake US dollar LOL!

[Atlas Sneezed]

Your story does not support its own headline, and looks to bee a re-re-rehash of PR from some company I never heard of.

Again, please quote me the passage that shows evidence that there have been credible fakes (falsely purporting to be precious metal) that are not easily detected with a $5 scale, and a ruler.

If so, you’ll be the first to find it. The headline and your link title are truly false.

And I’m not talking about large bars, which may or may not have been faked on a large scale, but are not an issue with ordinary precious metal investors.

And I’m not talking about precious metal coins that have the metal content, but fake dates to make them appear to be rare coins.

[COBOL2Java]

Is it *really* that important to you? Good grief.