Gypsy merchants are sellers of equipment in various places all over Shiltz. They sell higher level weapons and armor than merchants in weapons stores. Be aware that the weapons that you buy from gypsy merchants are also given as quest rewards from the Administrator and that those quest reward weapons are +3.
Gypsy Merchant is a girl located in Travia Valley. She is located at E3 on the minimap. She sells the Dusk set and Divine Blade for the Knight class and the Rune set and Loriel's Staff for Mages.
The Gypsy on Crude Mountain Range is accessible from the right of the three road fork, turning right when going up the hill and through a wooden arch. He is at the end of a large field by himself. He sells Warrior class equipment.