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After the success of KOMSCO’s (Korea Minting and Security Printing Corporation) 2016 1 oz. Silver Chiwoo Cheonwang Medal, it may come as a pleasant surprise to many collectors that it was just the first in a series! After an unfortunate production delay, KOMSCO has just announced that this second issue is now released!
Mintage on the 2017 .999 fine 1 oz. Silver Chiwoo Cheonwang is limited to 50,000, and while that is 20,000 higher than the mintage of the last release, KOMSCO has already announced that nearly half of the mintage has been pre-sold! Combined with the fact that the first medal in the series quickly sold out, you may need to act quickly if you want to secure this second release before it sells out.
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Chiwoo Cheonwang is a well-known symbol in South Korea whose mask serves as the mascot of the Red Devils – a club that supports the national South Korean soccer team. Beyond this modern use of his mask, Chiwoo Cheonwang is known throughout Korean lore and legend as a God of War. He wears a demon-like mask, casts magical spells, carries a large shield with his mask engraved on the front and is believed to control the weather!
Like the first medal in the Chiwoo Cheonwang series, this second release carries a detailed design depicting the fearsome warrior in an epic stance.
This powerful figure is depicted in stunning detail on the reverse of KOMSCO’s second medal. Like the first release, Chiwoo Cheonwang appears in full-armor with his mask donned, his large shield and spear in either hand. This time around, he is mounted on a fearsome, rearing warhorse, with his cape billowing in the wind. “CHIWOO CHEONWANG” is inscribed on the designs’ wide border.
The obverse design mirrors that of the first Chiwoo Cheonwang Medal, and besides the year will undoubtedly remain unchanged throughout the course of the series. It is a fantastic, detailed depiction of Cheonwang’s shield, encircled by the inscriptions “2017 FINE SILVER 999,” “REPUBLIC OF KOREA,” "1 CLAY" and at the bottom, the KOMSCO logo. Between the shield and the logo is a special anti-counterfeiting feature – a small lenticular circle with the text “Ag" or "999," depending on the viewing angle.
KOMSCO instituted the Clay for the very first time on this Chiwoo Cheonwang Medal series. While not a legal tender denomination, the concept measurement is meant to relate to a certain amount of land, or as described by the Mint, "soil, earth, dirt, ground and land." In essence, it relates the value of 1 Troy oz. of silver to a certain amount of land - 1 Clay.
Take a look above for the full list of Chiwoo Cheonwang medal offerings currently available at MCM!