Korea Imperial Coinage (3) - SCARCE Yr 501 1892 Silver 1 Yang
These series of post will primarily focus on the Machine Struck Coinage of Korea in her Joeson, Empire, and Protectorate Periods.
Today's post is about a scarce Korean Silver 1 Yang struck during the Korean Empire Era. It was minted at the Inchon Mint.
Country: Korea (Empire)
Date: 1892 (Undated) - 開国五百一年 aka Opening Year 501.
Dynasty: Korean Empire "대한제국 or 大韓帝國"
Catalog: Krause: KM 1112
*I personally love the dual dragon design of these Korean Empire Coins! Reminds me of Yin and Yang!*
The Korean Empire was proclaimed in 1897 by the King Gojong of the Joseon Dynasty. This was in light to the recent Qing Chinese defeat against the Japan during the First Sino Japanese War of 1894-1895. Historically, Korea has been a vassal state to the Chinese for many centuries. However, with Qing defeat and the resulting Treaty of Shimonoseki, Qing China relinquished its Korea as her vassal state. Seeing that, Korea declared itself a sovreign nation with the newly proclaimed King Gojong as the Emperor Kwangmu. He is the first emperor of this new empire! (For the rulers during the Korean Empire, refer to the post titled "A Short Primer on Korean Kings (And Emperors) and their coins!").
Moreover, the proclamation was due to the subsequent Donghak Peasant Revolt and the Gabo Reforms (Referring to the Sexagenary Year) that soon took place. The Korean Empire was a short lived one, and is widely underrated in modern history. The Korean Empire had diplomatic ties with many foreign nations, including the United States, Italy, Japan, Great Britain, Russia, France, and so on.
For more information on the Korean Empire, visit:
and a short YouTube Video: