North Korea P-10b / 5 Won 1947 – UNC

The original series of 1947 was printed by the Soviet Union and had watermark of a symmetrical pattern.
In the 1990s the North Korean government realised there were very few remaining banknotes of this series, which had made them very valuable. The government then decided to make an enormous amount of reprints in order to make a profit from foreign collectors. These reprints do not have a watermark.