The Castle of Elf holds the sleeping prince. If you manage to wake him up, he will give you his key. When that happens you can open the vault in the castle, which holds a silver hammer, a copper gauntlet, and a total of 830 gold.
In Elfland, you are able to purchase weapons, armor, items, and white and black magic.
Iron Nunchaku, 200 gold (sell for 100)
Large Dagger, 175 gold (sell for 87)
Iron Staff, 200 gold (sell for 100)
Sabre, 450 gold (sell for 225)
Silver Sword, 4000 gold (sell for 2000)
Copper Bracelet, 1000 gold (sell for 500)
Wooden Helmet, 100 gold (sell for 50)
Iron Shield, 100 gold (sell for 50)
Iron Armor, 800 gold (sell for 400)
Cap, 80 gold (sell for 40)
Heal Potion, 60 gold
Pure Potion, 75 gold
Cabin, 250 gold
House, 3000 gold (worth it)
Soft, 800 gold (also worth it)
All level 3 spells cost 1500 gold per spell.
White magic: cur2, hrm2, afir, heal. Black magic: fir2, lit2, hold, lok2.All level 4 spells cost 4000 gold per spell.
White magic: pure, fear, aice, mute. Black magic: slp2, fast, conf, ice2.Enemies in the general area: