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

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