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Live Spot Prices:

Spot Prices:
Gold Ask 1,297.10 0.05 Open: 1,297 High: 1,300 Low: 1,284
Silver Ask 17.39 -0.02 Open: 17.41 High: 17.46 Low: 17.11

South Korean Silver Chiwoo Cheonwang from JM Bullion

There’s no shortage of diversity in the precious metals industry at the moment. A world that used to revolve around gold and silver bars for centuries, now includes everything from silver and gold coins, to silver rounds and medals from sovereign mints and private refineries around the globe. One of the newest annual-release silver products comes from KOMSCO, or the Kore Minting and Security Printing Corporation.

The Silver Chiwoo Cheonwang Medal is like many other products released by a national entity in that it features designs based upon images that are culturally or nationally significant to a group of people. In this case, the legendary Chiwoo Cheonwang is the focus of the annual-release program that launched in 2016. Now available from JM Bullion, you can learn all about this beautiful new silver series from KOMSCO.

Chiwoo Cheonwang

Korean lore talks of Chiwoo Cheonwang as the God of War. He is a fearsome deity who wears a demon-like mask, possess the ability to cast magical spells, and carries a large shield around with him and wears a mask engraved on the front. It is also said that Chiwoo Cheonwang has the power to control the weather. In the modern era, South Koreans know him as the Red Devil, or mascot of the national soccer team for South Korea. Fans of the team will wear a mock of his mask as a sign of support for the squad.

The Chiwoo Cheonwang Series

KOMSCO launched the South Korean Silver Chiwoo Cheonwang Silver Medals in 2016 with just a 1 Troy oz weight offered. The design features of that original release depict the fearsome God of War standing on the ground bearing his traditional shield, wearing his feared mask, and brandishing a long spear in his right arm. On the face of his shield you’ll notice a depiction of the mask that traditionally covers his face.

Flip the silver medal over and you’ll find a close-up, detailed depiction of Chiwoo Cheonwang’s shield. The image is surrounded by identifying engravings that include the year of issue, metal type, purity, nation of issue (Republic of Korea), and the phrase “1 Clay.” The original striking of the Chiwoo Cheonwang Silver Medal had a limited mintage of 30,000 pieces.

The 2017 South Korean Chiwoo Cheonwang Silver Medal

Based upon the massive success of the 2016 issue, KOMSCO released a second annual medal from the program. The reverse side of the medal includes the same detailed, close-up design of Chiwoo Cheonwang’s shield and the same set of engravings encircling it. The obverse of the medal, however, underwent a slight change that served to bolster the imposing depiction of the God of War.

On the obverse of the 2017 South Korean Chiwoo Cheonwang Silver Medal you’ll find the God of War himself, still clad in his traditional gear and brandishing his shield and spear. This time, however, he is featured astride a powerful war house that has its front legs raised in the air as Chiwoo Cheonwang stares down the viewer.

This second issue of the medals not only has a modified obverse design, but also an increased mintage figure. Given the massive success of the first year of issue, the 2017 silver medals have a mintage maximum of 50,000.

What is a Clay?

You may have noticed in the description that the Chiwoo Cheonwang is referred to as 1 Troy oz, but also 1 Clay. KOMSCO introduced the use of Clay for the first time with this series. The use of 1 Clay refers to a concept of measurement meant to relate a certain amount of land. The mint describes it as “soil, earth, dirt, ground, or land.” The Chiwoo Cheonwang medals have no legal tender denomination attached, but the 1 Clay relates a value of 1 Troy oz of silver to a certain amount of land instead.


KOMSCO was founded through full investment from the National Treasure of South Korea under a special law enacted in 1951. Today, the mint is the sole currency manufacturer for the Republic of Korea, and it operates under the direct control of the government in Seoul. The primary function of KOMSCO is to manufacture banknotes, coins, national bonds, and various other securities issued by the government of South Korea. Additional services included the manufacture of currency safety bonds issued by the Bank of Korea, postage stamps, special government certificates, and any other special printed items for the government.

The mint operates a highly sophisticated facility in Daejeon, South Korea, where it places high priority on research and development, as well as innovation and evolution in security technology. The Silver Chiwoo Cheonwang medal is just one of the many brilliant products manufactured by KOMSCO on an annual basis.

Purchasing Chiwoo Cheonwang Medals from JM Bullion

The silver coins for sale from JM Bullion are easy to purchase online through our streamlined purchasing process. You can get your Silver Chiwoo Cheonwang medals online today by using one of the many payment methods available to you from JM Bullion.

We accept major credit/debit cards, and you’ll notice that credit/debit card purchases process in one business day on average. Bank wire and PayPal transfers are the fastest way to get your products, with immediate processing. Paper checks are accepted, but take upwards of six business days to process. If you pay via bank wire or paper check, we offer a 4% discount on the purchase price.

All JM Bullion orders come with free standard shipping and insurance. Products are packaged in discreet boxes and delivered via the United States Postal Service or UPS. If you’d like expedited shipping for your products, it is available at an extra cost.

If you have any questions about JM Bullion products and services, please don’t hesitate to ask us. You can reach one of our team members on the phone at 800-276-6508, online using our live web chat, or via email. Don’t forget you can turn to our website to find today’s silver price before you buy.