Just like in China, Korean gold is generally high quality, 24 karat gold. During Doljanchi or Dohl, where the family comes to celebrate a child’s first birthday party, Koreans will bring gold jewelry as a gift – usually little 24 karat gold rings and bangle bracelets.
Just how important is gold in South Korean society? During South Korea’s 1997-1998 financial crisis, the Korean government started a fundraising campaign called, “Collect Gold for the Love of Korea”. By the end of the campaign more than $100 million in gold had been donated by more than 100,000 South Koreans.
South Korea is known for another type of gold jewelry: Mass produced gold jewelry
South Korean gold jewelry that is inexpensively mass produced on machines is generally 10k or 14k. This type of gold plated jewelry is usually produced specifically for export. Korean gold tends to use copious amounts of gold solder so even when this gold is stamped as 14k (for example) it is more accurately a 12k in its true fineness. This is the jewelry that you will see in the stores at malls. It is low quality but it serves its purpose.
South Korea has a history of producing gold and silver coins and bars that are valuable to collectors. Below is a list of popular 2020 coins and bars:
Also, South Korea produces a variety of different sized gold bars, which are produced for retail as an investment. The sizes of South Korean gold bars include 10g, 50g, 100g, 500g and 1kg.
South Korean gold is generally high in purity: 24 karat, 22 karat and as low as 21 karat. It will usually be at least within the 22 karat range.
Korean gold should be within the 22 karat range. You may see a stamp on the gold piece, marking its purity. For example you may see “.999”. To see if the gold is real you can test it with a magnet. Real gold will not be attracted to the magnet because real gold is not magnetic.
Why choose us? Crown Gold Exchange holds the utmost respect for you and your valuables. When you visit one of our locations, we make sure that you feel welcome, and that your property is protected. We use industry-standard equipment to ensure accurate measurement of your valuables, and we have a special process to keep your valuables safe. Our accuracy enables us to offer you top dollar, and we have several different payment methods available for your convenience, so you won’t be waiting around to get paid.
Crown Gold Exchange will purchase any kind of gold you bring us, including 8-karat, 10-karat, 14-karat, 18-karat, 21-karat, 22-karat, 24-karat, or anything else. We buy gold bars, gold bullion, gold jewelry and some gold plated items like pocket watches. If you happen to be in possession of an exclusive piece made by a top gold designer such as Cartier, Tiffany, Rolex, or Patek Philippe, we will often pay more than the weight of the item. Such special pieces often command a higher price on the secondary market due to their superior craftsmanship