Buying Silver and Gold in South Korea

Gold and Silver are exploding and all indications are that it is going to keep going on into the future. So I hear you say "Where can I get some gold or silver in South Korea?"

What a fantastic question!

Here is what I found while searching google for the answer to this question...

ej105 asked:

I really am frustrated when it comes to investing in South Korea. I want to buy some gold coins or gold bullions but here in Korea, there are no gold coin shops. Banks don’t sell gold. The Korean mint does not make gold coins. Of course this is just the top of the iceberg compared to the problems I am having with investing my money while I am working in South Korea. Did you know that Korean brokers do not give you a prospectus on each stock before you buy it? Also, some dealers just give you a handful of stocks and you don’t know the companies. Yeah, that’s South Korea for you.

Anyway, does anyone know how I can buy or invest in gold in South Korea? Or how about Asia, I am willing to travel anywhere in Asia for great deals in gold, Hong Kong, Singapore, India, anywhere in Asia.
(search for pharmacy technician colleges)

Sorry for being long winded but Korea’s investments strategies are a$$-backwards

Well I agree somewhat. It is not an easy thing to do finding where to buy bullion or coins. And if you are not into buying keys, turtles and pigs you will be hard pressed to find gold in coin or bar form. However after a bit of footwork and internet research I may have a few answers for you.

Jongno 3 (sam) ga - station. This is where "everyone" goes for "wholesale" jewellery. Personally I would rather look elsewhere for fine jewellery as I saw nothing of interesting or unique quality but I digress...

I did find 2 places selling 1000g or 1kg silver bars and another store selling 3.75 - 1oz bars of gold.

This is the store selling silver bars - I was given a price of 2,530,000 W as of 24-04-2011. $US1,518.16 is the spot price today which is roughly 1,639,000 won so that price is a little bit more than I expected over the spot price but considering I was not buying I did not attempt any negotiation.


The gold store gave me a price on 3.75g of gold 245,000 w spot is $US 48.45 = 196,243 w so again more expensive than it should be over spot but I was not intersted in the least.


Outside Namdaemun market next to Namdamunro (?) underground shopping centre. Now this is where Korea becomes interesting because this store has many gold coins in the window from all over the world and yet when I enquired (the store attendant didn't speak much English but a long story short the store manager (who was not there) is not selling the coins......... ?....... what is the purpose of displaying something you are not selling?


If you are into collecting or getting some 90% US silver coins (Liberty ect...) or .999 troy oz Korean coins e.g. APEC or G20 then you may... find some deals here:


By Shinsegae Mall just up from Namdaemun market is this underground shopping centre with perhaps a dozen coin dealers, some with australian gold coins or US coins. My pick is this guy:


There are also guys that deal in coins like this:


1 Troy ounce .999 Made in USA stamped on it with the queens head....... hmmmmm that's interesting : /

Here is that store might be worth a laugh or keep well away from?


There is also the Seoul Flea Market in Sinseol-dong with a couple of coin dealers with an occasional rarity e.g. a mercury dime.

However.... this week I am going to see if I can get some silver ounces from Komsco (the Korean Mint). The Korean mint site however is bordering on impossible to use as a foreigner and if you think clicking on "English" will help, as with many Korean websites you are sorely mistaken as it takes you somewhere that you dont want to be.

So to make things easier for you I have this link which will take you to the Korean Mint coin collection where you can buy silver or gold. You may have to play around a little and it would definitely help to have a Korean buddy help you!


I will see how things go this week, see if I can buy and get something delivered and report back on how easy the process was next week so stay tuned.

If you are not into gold and silver, sorry I do apologise for boring you... have a sandrich :)


I almost forgot this one... taken from www.trademe.co.nz (New Zealand's equivalent of eBay)... for a 1978 "silver dollar:...

Hi, I think these are copper/nickle and do not contain any silver, cheers xxxx 3:43 pm, Sun 24 Apr

I have a $2 reserve/start price on this "Silver Dollar" I have NOT said it is made of silver but I do know that

it is known as a silver dollar and that is the colour of the coin which is what I have said in the auction. If

someone buys it for $2 what does it matter what it is made of? I may sound a bit terse but this is the 5th time

someone has told me that the coin is not silver. Frankly I think after this I will withdraw the auction and throw

the coin away. 5:47 pm, Sun 24 Apr

Got to love that "kiwi" spirit! :D


  1. very informative post - thanks

  2. I sold a bag of kennedy 50 cent american to a shop in the Hoehyeon Underground Shopping Ctr around 2 to 3 months ago. That's over 500 coins and a beautiful 1986 50 dollar gold eagle, also. Some shops do sell gold and silver american coins.

  3. KB Gold is now open in S.Korea. KB is a 17 year old financial services company HQ'd in Germany with vaults in Switzerland. They will now ship to S. Korea or store your gold for free in Switzerland. KB sells small denomination kinebars (999.9% 24K gold ingots certified by Swiss Govt.) through referral marketing. KB needs distributors in S. Korea right now. No investment required. If interested email Tim at SwissGoldGroup@gmail.com

  4. I apologize. KB is not yet open in S. Korea but soon will be. You may still register as a distributor (no investment required) and establish yourself for when the S. Korean market does open later this year. Email Tim at SwissGoldGroup@gmail.com

  5. I am an American that collects South Korea coins and currency. I have a very hard time purchasing South Korea Gold and Silver Coins. KOSMO wants to be paid by a Bank Transfer, a very expensive payment method. If you could purchase South Korea Coins or Currency for me, it would be very helpful. Please email me at kaydees@embarqmail.com. I have also been to the Underground coins shop in Seoul and sold to them but never purchased. I found I got a better deal on Ebay.
    Dwight Brown


    1. --
      Good day Sir

      i am coordinating to secured and open business relationship with potential
      buyers of our product, Gold dust/bar and uncut Diamonds

      We have 85 kilos of Gold dust/bars and 4678 carat of Diamonds in stock in
      our communal warehouse now,and capacity for additional supplies, and we can
      easily guarantee an increased supply with time. We offer an asking price of
      28,600 USD per Kg for our 22 carat, 94 percent gold.
      Kindly advice and give me counsel on the possible steps to make this a
      reality and success.
      Looking forward to your positive response
      Warm Regards
      Kourouma Augustine
      Email: augustinepeterfirm@gmail.com
      Tell: +220 28584163

  6. Any of these businesses accept credit card?

    1. The Korean Mint will and I guess these guys will as well:
      However I dont think the underground markets will do credit card transactions but I cant be sure as I have never tried. I would expect the jewelry stores would accept credit cards too. Sorry I cant be more help :/

  7. We are gold mining company based in Ghana, West Africa , we deal on Alluvial Gold Dust and Gold Bars
    we currently have stockpile of gold for supply.

    Commodity........Gold Dore Bars (AURUM UTALIUM)
    Form ......Dust and Bars
    Quality......23 carats
    Price ...... Negotiable

    Interested buyer should contact us on the email below.

    Email: agpius@ymail.com
    Tel: +233271789480

  8. http://www.hkgold.co.kr/

    They only sell silver and gold bars.

  9. Hello
    I am the direct seller and am working with Kourousa Community Development,
    Which is a very large local Mining Company here in Guinea Conakry. We
    mine and sell Gold and we have a very large quantity which will are
    seeking for a partner or Buyer who will go into
    long time business relationship with us.

    We can deliver FOB and CIF to you anywhere you are through our agent,
    the Gold we have is 22.40carat / 94% purity,quantity available is very
    large with good price ,we also have rough Diamonds,

    Confirm this mail and get back to me and let me
    know your interest
    for more details. Best regard and Allah bless you.
    Abdoul Mohamed
    Kourousa Community Development
    BP 20011 C/Riya Siguiri Gold & Diamond Mines
    Republique De Guinee
    Tel :+224-662487932

  10. We are a group of local small scale miners registered by the government of
    Ghana. We have both gold dust and gold bars for sale to a serious buyer.
    Following is information concerning our product:
    Quantity: 250 kilos
    Origin: Ghana ,
    Quality: 22. Karat plus

    Assay reports provided by any refinery laboratories, in Accra, and we are
    prepared to offer the quantity of gold required to your company [or your
    representative] upon their arrival in Ghana.
    Shipment terms shall be based on the quantity of the gold the buyer need..
    Further, we currently seek outside-based serious investors on a partnership
    basis in order to increase our production capacity. If you are interested
    to buy this gold or have any further questions, kindly contact me:

    Mr. Kwaku Djimah

    Email: kwakudjimah@yahoo.com

    Looking forward to doing business with you. We can provide you any
    quantities of gold you need
    get back to me.

  11. Dear Sir/Madam,

    We represent some group of villages local miners in CONGO to assist, source and negotiate the sales of our locally mined Diamond and Gold Dust Au with Potential buyers,With full legal and corporate responsibility and under the penalty of perjury, with full knowledge of the act of fraud and as seller, are ready, willing and able to deliver Au metal Gold and rough/uncut diamond.

    Hence, we are sourcing for prospective diamond and gold buyers, partners and individuals for the sales of our diamond and gold dust AU,investors that can invest in providing modern mining equipment or buy mining fields,as well as establishing more business relationship that will be durable and viable.

    We are ready to start with any amount of quantity to build trust and a better relationship for the business to grow higher.

    Any amount of quantity can be sold depending on the capability of the buyer i.e. (small or higher quantity) and the price is negotiable to be favorable to the buyer and the villagers. FOB trial order can also be transacted between the buyer and the villagers.

    Find bellow the specification of our products
    PURITY............92+% or more
    QUALITY..........22 Karats or plus.
    Price.........................$25,500usd [Gold Dust]FOB
    Price................$28,500usd[Gold Bars] FOB
    ORIGIN............... Republic of CONGO

    The door is open for your visitation to CONGO or KENYA, to inspect the products and to hold meeting with the villagers/communities heads,samples can be send to buyers based on genuine agreements for the interest of future transactions and so many communities projects.

    Kindly revert back to us.
    TEL no:+254717967323
    skype id:kisimaminerals