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 mints to emerge on the global stage with new bullion products is KOMSCO, or the Korea Minting and Security Printing Corporation.
KOMSCO strikes coinage and other bullion offerings for the South Korean government, and has recently introduced a variety of exciting new silver coins. Included in the catalog of South Korean Silver Coins available now are those bearing the images of legends to ancient Korean people. Now available from JM Bullion, you can learn all about these beautiful new silver products from KOMSCO.
KOMSCO launched the South Korean Silver Clay 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 coins.
Based upon the massive success of the 2016 issue, KOMSCO released a second annual medal from the program. The reverse side of the coin 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 coins 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.
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 latest addition to the collection of South Korean silver coins from KOMSCO is the Zi:Sin Series. The collection has two different designs ready for release as of late 2017, and this include the images of Gallus and Canis. The planned 12-coin series features depictions of the Twelve Guardians from Korean cultural lore. Each release will feature the following highlights:
The Twelve Guardians are the battlefield generals of god in Korean culture. These are the individuals who lead the line when god’s army must march out to protect the world against evil forces. Each of the 12 individual guardians are responsible for watching a different direction, offering protection to the world from all directions at all times. Gallus is the first design release in the Zi:Sin Series.
Gallus is known as the messenger of light and he can send off a bright burst of light that blinds and terrifies god’s foes on the field of battle. Found on the reverse of the design, Gallus is dressed in his full battle regalia. His powerful roar also had the ability to instill fear in the most fearsome of evil demons, while it is said the point on his helmet enables him to see into the future to forecast what is going to happen.
Among the upcoming releases in the Zi:Sin Series you’ll find the Canis design. Canis is known as the spearhead of god’s army, standing at the front of the battle line to lead the troops in battle against the forces of evil. Canis is a guider known for loyalty and reliability who faithfully protects god while staying alert to danger at all times.
You may have noticed above that many of the South Korean silver coins have a listing of 1 Troy oz, but also 1 Clay. KOMSCO introduced the use of Clay for the first time with the Chiwoo Cheonwang Series, and continued its use on the new Zi:Sin 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.” These South Korean silver coins 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 Clay Chiwoo Cheonwang medal is just one of the many brilliant products manufactured by KOMSCO on an annual basis.
The silver coins for sale from JM Bullion are easy to purchase online through our streamlined purchasing process. You can get your South Korean silver coins 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 over $99 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.