Chiwoo CheonWang South Korean Silver Coin

Hi Everyone,

I got an email from Gainesville Coins (see link below). The design looks interesting so I'm going to order one!!

http://www.gainesvillecoins.com/pro...orea-1-oz-silver-1-clay-chiwoo-cheonwang.aspx

 

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It's a nice looking coin or at least the side they're showing is. I might even order a few if South Africa doesn't get the lead out with the fat guy and leopard chow coin.

 

Hey that's a cool looking piece of silver. I may just have to buy one.

 

I believe they are only minting 50000 of them too.

 

Gainesville received my check last week so now I just have to wait until the coin is released

 

They had 2300+ in stock, spot took a dip and when I went to order some of these *POOF* the presale had sold out or they took down the listing. At least I got some 2016s LOL

 

I figured it would be a popular coin so I didn't wait. I just ordered lol


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I just received the coin on Saturday. Really nice looking coin. I ended up getting the 2016 coin on Ebay as well. Very nice looking coins. Glad I got them!!

 

Says sold out

 

Bullion Exchanges has them, but the price is higher:
https://bullionexchanges.com/2017-1-oz-south-korea-silver-chiwoo-medal-bu

MCM also has them and their price is even higher than Bullion Exchanges:
https://www.moderncoinmart.com/2017-south-korea-chiwoo-cheonwang-1-oz-silver-medal-ii-gem-bu.html

 

Has the 2016 version been relatively more expensive since release, or has that price gone up by that much?

And, I'm waiting for a turtle ship version, if they ever come out with one

 

The 2016 went up greatly. I believe the major sellers had them for under $30 (maybe around $22-$27) at first. They sold out and have taken off in the aftermarket.

 

Was looking for the price, what are they selling for ?

 

I paid $23.46 for it.


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not bad at all !! cool design and not to far from spot price !

 

They are nice looking coins. I think the average price is around $30 now. Maybe a little less if you look around.

 

Is there a schedule out for future designs and their timeline? I checked the KOMSCO site and there's nothing about these 1 Clay medals/coins. Maybe a news report somewhere?

All I see is a Reddit post that the "1 Clay" denomination designation may be removed due to pressure from the Korean Bank and other Korean authorities. So, it'll just be more of an art medal than a denominated issue. If a change does occur, then the 2017 and especially the 2016 first issue should be relatively more expensive than the rest of the series! That said, I bet the 2018 designs are at or near their finalized form.

 

I wonder why there would be pressure to remove them. The designs seem to be popular.


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Is a "clay" an actual denomination for ROK money? I thought it was a fantasy denomination from KOMCO.

 

Maybe that's why they want it removed.

If it has historical basis, I can see why they used it.

I thought it was similar to the Isle of Man's "Angel" designation.

That may be official though, whereas the Clay may be more fantasy as you say.