This paper suggests that watermarking technique make use of Threshold Values and PN code for preservation of copyright. To protect copyright, six binary images that are generated by a Dynamic Threshold Value to LSB(least significant bit) of wavelet coefficient through wavelet conversion and watermark image use PN code to each frequency sphere-HL1, LH1, HL2, LH2, HL3, LH3, decide coordinates, operate XOR, and insert watermark. They put the sphere except from low frequency which has much image deterioration and high frequency which has weak loss compression in watermark. As an experimental result, we acquired watermark inserting image that has little image deterioration and extract watermark strongly.