Bitcoin Forum

Description: Special Auction for 3x Denarium 1 BTC Gold Parity Coin
Starting bid: 0.7 BTC
End date and time: Sunday 21st of May at 20:00 UTC and when there have been no new bids in *3 minutes*
Payment methods accepted: Bitcoin
Additional information: Read below

Here is our latest coin, which we believe to be one of the greatest physical bitcoins of all time. This is the Denarium 1 BTC Gold Parity Coin. The weight of the coin is 1oz and it is .999 gold. We are auctioning 3 coins from the first batch. The first batch is in total 23 coins and the rest (20) will be on sale at Denarium.com when the auctions are finished.

The idea behind the coin is celebrating the 2017 price parity event of 1 bitcoin and 1oz gold. Also we believe bitcoin is digital gold and this coin is a great way to combine both traditional gold and digital gold.

This is not a limited edition and we may produce more batches in 2017 if the demand is there. Due to the high price point of these coins we however estimate that the total amount of coins produced will be small.

The coins in this auction are pre-assembled and the serial numbers of the 3 coins in this auction are: A51, A52, A53.

Pictures of the coin

https://denarium.com/wp-content/uploads/2017/05/Denarium-Bitcoin-Parity-Gold-Coin.jpg
https://denarium.com/wp-content/uploads/2017/05/Denarium-Parity-Gold-Coin-A53-front.jpghttps://denarium.com/wp-content/uploads/2017/05/Denarium-Parity-Gold-Coin-A53-back.jpg
https://denarium.com/wp-content/uploads/2017/05/Denarium-Bitcoin-Gold-parity-Coin-promo-3.jpg

Quality of the coin

These are non-polished solid gold coins which have both shiny and matte finished sections in the design. The coins look good to the naked eye and we are happy with the result. This coin is worth the money.

Packaging of the coin

Each coin will be shipped in a special packaging. Note that the design of the packaging is still a work in progress so there might be slight changes compared to this picture.

https://denarium.com/wp-content/uploads/2017/05/gold_parity_package_1.jpg

General information

You are ONLY bidding for the coin itself, not the bitcoin value inside the coin. If you win a coin, you can choose to buy it loaded which will add 1 BTC to the auction price. Or you can choose to buy it empty. To the US we can only sell coins that are not loaded by us. The "empty" coins can easily be loaded with bitcoin value by the customer himself/herself, however.

Shipping cost

Free of charge worldwide! The value of this is around 50 € on average depending on the location, so keep that in mind when bidding. :)

Serial numbers

All the coins have special auction serials (A). The serials reserved for the coins in this auction are A51, A52, A53. These are very special since all the coins sold at the website will have either L (loaded) or E (empty) serials.

The winners of the auction can (in succession starting from the highest bidder) choose which serial they want. It can be the lowest available but also one of the others.

Shipping date

The coins are pre-assembled which means we can ship within a couple of days after the auction payments have been finalized.

How to bid

You can bid for any amount of coins from 1 coin to 3 coins. The bidding format is "Nickname 2 @ 0.8" which means "I'm bidding for 2 coins, 0.8 bitcoins each". If you want to bid for one coin only, post "Nickname 1 @ 0.8". If for all of them, post "Nickname 3 @ 0.8". The auction is conducted by using 2 decimals only. So you can bid "2 @ 0.81" but DO NOT bid "2 @ 0.811".

So if I were bidding for 2 coins and 0.8 BTC each, I would post "Technomage 2 @ 0.8". If you forget to add your nickname, the bid will not count. So don't forget. It is much easier for us to record the bids when the nickname is also posted.

Each winner will pay exactly the amount that they bid. Meaning that if the highest bidder bid 1.5 bitcoin and the lowest winning bidder bid 1 bitcoin, then the highest bidder will pay 1.5 bitcoin for his coin and the lowest winning bidder will pay 1 bitcoin for his.

Auction rules

- When you post a bid, the bids in your previous posts are considered to be automatically canceled. You can put multiple bids in one post, however.
- All bid prices must be evenly divisible by 0.01.
- If two people bid at the same price, the person who bid first will be first in line to win a coin.
- Bids are considered invalid and will be ignored if they do not specify the nickname of the bidder, the price of the bid and the amount of coins the bidder is bidding for, or if they could not possibly win any slots.
- Winning bidders must inform me within 24 hours after the end of the auction which serial number they are choosing. Then the winner has another 24 hours to pay the full auction price.

If these rules are confusing, please ask in the thread and I will answer.

I reserve the right to reject bids, even days after the bid is made. If bids are rejected for any reason, the next bids in line that didn't win originally, will come into play and will have a chance to buy a coin.

Important: Auction payments should ONLY be paid through this BitPay Checkout page: https://bitpay.com/m/750380/checkout. Do not, under any circumstances, make payment to a Bitcoin address sent by PM.

Good luck!

teeGUMES 3 @ 0.7BTC

Monkeynuts 3 @ 0.8

hybridsole 1 @ 0.85

Welshcollectibles 1 @ 0.85

Are the 3 coins going to be the lowest numbers in the series independently on how many are created?

A51, A52, A53... will there be A01, A02, etc, released at a later date?

Great design and nice, chunky gold coin. Be watching how it goes.  :)

digicoinuser 1 @ 0.9

dazedfool 1 @ 0.9

teeGUMES 1 @ 0.9

Oinas 1 @ 1

Welshcollectibles 1 @ 1.1

Currently no plans to auction coins from the potential future batches, but if we did, I can guarantee the serials won't be lower than the ones in this auction.

Also I'd like to additionally note that there is a possibility of a slight design change in the potential future batches. The backside texts of the coin are not aligned compared to the frontside texts (this can be seen from the hologram pic). This can be fixed according to the mint and in that case it would likely make the first batch even more unique.

Current winning bids

Welshcollectibles @ 1.1
Oinas @ 1
JUSTDLISK @ 1

Thanks for letting us know! I'll see how the auction goes.  :)

1 @ 1.2

SwedishBTC 1 @ 1.11

jamesg 1 @ 1.2

This coin had to be good to make a 15 month dormant Legendary VIP account come back to life :D Last post on the forum was February 2016! Welcome back.

Welshcollectibles 1 @ 1.2

It is better if you raise 0.01 each time instead of 0.1... You never know if the BTC is sky high when the auction ends.
Advice: Wait with placing a bet until the last day  ;)

NewkTownTN 1 @ 1.3BTC

1.21 BTC

Welshcollectibles 1 @ 1.4

Hello sir,

Bid disqualified. Please bid using format "nickname 1 @ 1.21" as stated in the rules.

Also, 1.21 not enough any longer anyway.

Current winning bids

Welshcollectibles @ 1.4
Justdlisk @ 1.31
NewkTownTN @ 1.3

jamesg 3 @ 1.35

Not decided yet. We will take the interest in the auction and auction final prices into account when pricing the product at the store. As a general rule it'll be cheaper than in the auction but not significantly. Auction coins are somewhat more valuable due to the special serials.

Current winning bids

Welshcollectibles @ 1.4
jamesg @ 1.35
jamesg @ 1.35

Please use the official bid format, to be fair and clear to everyone I can't accept this bid.

Current winning bids still:

Welshcollectibles @ 1.4
jamesg @ 1.35
jamesg @ 1.35

Absolutely beautiful coin, 1 bitcoin and 1 ounce of gold celebrating the parity. I may be throwing my hat in the ring soon.

Current winning bids

Welshcollectibles @ 1.4
justdlisk @ 1.36
jamesg @ 1.35

dazedfool 1 @ 1.41

edit: qty 1

Meyer @ 1.42

I'd like to win with the "42"  ;D

webwolf86 @ 1.50

888cj @ 1.01 BTC

Some people seems like they dont understand how to bid... Why not just bid +0.01 BTC from the cheapest coin?  ???

Highest bid = lowest serial number. Or maybe they just don't want to play the bidding game ;)

Well it's a valid bidding strategy.. make opponents forget about the whole auction by making strong bids early. Personally I think good strategies are either that or no bids until the very end to keep auction as quiet as possible.

Current winning bids

justdlisk @ 1.51
webwolf86 @ 1.50
Meyer @ 1.42

Added note: this is becoming a high roller auction. Low rollers will have to skippadidoo this one ;D

Are you taking reservations for the rest of the production run?  :D

Not at this time.

Less than 24 hours to go! Good luck everyone.

That's a good looking coin.

domob 1 @ 1.55

dazedfool 1 @ 1.52

Current winning bids

domob @ 1.55
dazedfool @ 1.52
justdlisk @ 1.51

A little more than 8 hours left until the auction ends.

I'd like to add that the final packaging design, which we're finishing on Monday / Tuesday, will additionally include the Bitcoin address, QR code, serial number of the coin AND a mention such as "Coin 1 from Batch 1 which is in total 23 coins". Or coin 2 or coin 3, depending on which auction coin it is.

For the coins ordered from there store we'll probably go for a more general mention such as "This coin is from batch 1 which is in total 23 coins".

Current winning bids

domob @ 1.55
dazedfool @ 1.52
trbittr @ 1.52

jamesg 1 @ 1.56

TL123 1 @ 1.66

Current winning bids

TL123 @ 1.66
jamesg @ 1.56
domob @ 1.55

GMPoison 1 @ 1.67

Current winning bids

GMPoison @ 1.67
TL123 @ 1.66
trbittr @ 1.58

domob 1 @ 1.70

Current winning bids

domob @ 1.70
GMPoison @ 1.67
TL123 @ 1.66

As stated in the OP do not pay to any Bitcoin addresses sent by PM. We use our BitPay account to accept these payments and the official payment link is in the OP. However I'll go through the payment instructions via PM with the winners.

Scammers will definitely try something especially with this high value auction. Be careful.

Current winning bids

domob @ 1.70
justdlisk @ 1.69
trbittr @ 1.68

TL123 1 @ 2.01

I belive you are refering to me as the newbie with the link... I was just asking the current bidders if they might be intrested in buying the older Denarium coins from 2016 (Loaded, Empty & Auction) coins. And the link is just a link to an image with proof of the coins.

Current winning bids

TL123 @ 2.01
domob @ 1.70
justdlisk @ 1.69

jamesg 1 @ 2.05

Current winning bids

jamesg @ 2.05
TL123 @ 2.01
domob @ 1.70

ONE HOUR TO GO!

PM sent. TY.

justdlisk 1@ 2.04

Current winning bids

jamesg @ 2.05
justdlisk @ 2.04
TL123 @ 2.01

10 minutes left (+overtime)! Good luck everyone.

TL123 1 @ 2.06

domob 1 @ 2.07

Current winning bids

domob @ 2.07
TL123 @ 2.06
jamesg @ 2.05

TL123 1 @ 2.75

jamesg 1 @ 2.10

domob 1 @ 2.11

Current winning bids

TL123 @ 2.75
trbittr @ 2.12
domob @ 2.11

james 2 @ 2.15

That escalated quickly. Too rich for my blood.

domob 1 @ 2.20

Current winning bids

TL123 @ 2.75
domob @ 2.20
trbittr @ 2.16

jamesg 1 @ 2.17

Current winning bids

TL123 @ 2.75
domob @ 2.20
jamesg @ 2.17

jamesg 1 @ 2.25

domob 1 @ 2.25

Current winning bids

TL123 @ 2.75
justdlisk @ 2.28
trbittr @ 2.26

Current winning bids

TL123 @ 2.75
trbittr @ 2.29
justdlisk @ 2.28

jamesg 1 @ 2.3

Current winning bids

TL123 @ 2.75
trbittr @ 2.35
jamesg @ 2.3

Current winning bids

TL123 @ 2.75
trbittr @ 2.40
justdlisk @ 2.33

jamesg 1 @ 2.35

Auction is over! Congrats to the winners. I will contact each for serial choice and payment info starting from the top bid.

Winners

TL123 @ 2.75
trbittr @ 2.40
justdlisk @ 2.33

Unfortunately this does not count. As per the rules of the auction this bid was made more than 3 minutes after the last bid by trbittr.

All good. Great auction. Sorry I missed out. All the best to the winners.

congrats to the winners! Impressive high bids!
I like the the design of those coins. Curious how the presentation box will look like.

Wow that sets a high price on the coins, hope it will be closer to spot price once on sale on the website.

Congrats to the winners.  :)

¿ When sales start in https://denarium.com/ ?

We'll publish information on the website sales in the next couple of days. There might be some changes to how we proceed but I'll tell more when it has been decided.

Okay, so we had a change of plan. The initial price levels and interest for our new gold parity coin has surprised our whole team and we are not able to price the coins with sufficient confidence that the pricing is right. That is why we are auctioning more coins from the first batch until we have sufficient price discovery. These coins will of course not have the special A serials but rather normal L/E serials assigned by us.

We may potentially auction all of the coins from the first batch, but at least the 5 for now.

The auction is LIVE: https://bitcointalk.org/index.php?topic=1933218.0

That should be another fun auction. :)