NOMISMA

private minting

私鋳 / private-minting — Making

Making coins without authority from the government.

Korea — A Hair's Breadth of Two Sen and Five Fun / A money changer's storefront
Korea A Hair's Breadth of Two Sen and Five Fun / A money changer's storefront

It is difficult to define this simply as 'counterfeiting.' In regions where official currency was scarce, daily commerce would have been impossible without privately minted coins. ⚠ The severity of crackdowns was determined not by the authorities' morals, but by the supply of official coinage.