Bitcoin Forum

I found this on image search and saved it to my pc, but cant find the link again.

https://i.imgur.com/RY4Hv0n.jpg

They sure do!

I just realized it says silver on it!

so shiney

amazing!

nice :)

I know for a fact that these physical litecoins are for real. These have been in the works for months now. No, I didn't create them, but I know the person who did.
I was expecting a full announcement from him soon and I can't wait to purchase a few.

I want some!

I was torn between buying more Litecoins and buying more silver. Now I can do both.  :)

Awesome. Not sure if the "very expensive high security tamper proof hologram to secure each private key" method is practical...

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.

And that means litecoin would go up in value and it would now be backed by silver... totally negating the concept of digital currency...

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I guess they didnt cost anything to make then. Or have any collectors value.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

I would pay more than that for one. Even just as a souvenir, but I know of several people that would drill a hole and make a necklace and would probably pay ~100$ for it.

Why not just buy a generic silver coin for $20 and drill a hole in it yourself?

Personally I wouldnt wear it at all, but I know others who would. And other coins dont have the L on it :P

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

These are worth the same as any other product or service is worth; what the merchant is willing to sell them for and what the market will pay for them. Personally, I think they look pretty cool and may be persuaded to trade some BTC/LTC for some, depending upon the selling price.

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.

You should shut up now and look at casascius.com.

I think some people missed the part where it's also a pre-loaded wallet with 10 LTC on it. You can open it up, withdraw 10 LTC, then sell the 0.5oz of silver. The "10 LTC" written on it is just telling you what it contains, not an attempt to fix a value on the coin.

Hope one will be able to purchase them for LTC, not USD  ;D

If you compare brand new physical litecoins to 2011 unique and funded Casacius bitcoins, you are going to have a disappointing experience.

If they are solid I dont see why this wont be huge.

Looks like I have competition.

I don't want to get in a bidding war with another physical Litecoin company, so I think I'll just bow out gracefully.

Perhaps I shouldn't of posted my idea here on the forums for anyone to steal... oh well, you live and you learn.

They havent even started selling them yet.

Yeah, but I haven't even had mine made yet. There is about a 3 week lead time at the very least to go from a design to a product.

Profit margins are so small for this type of thing, if there's competition I'll have to lower my prices and it's not worth my time. I make $40+/hr at my day job, I'm not going to work myself silly on this project for peanuts.

I actually think I know who is making them by deducing several things because Coblee knows who it is already... this guy is on the Litecoin dev team so it would make since Coblee was aware he was making them. The guy offered to partner with me when I made my thread, but was going to make me sign a contract and pay for legal fees, etc., so I turned down his deal. I suppose maybe it is my fault, but if I partnered with everyone that asked to partner with me in this deal, I'd have 10 partners by now.

Anyways, I guess I'll just go back to being a lowly miner... life is much less stressful that way anyways. :)

So let's say you buy one @ $40. $20 of that is ltc value the rest is the silver, cost and profit for the minter. 

If one physical coin ..= ltc value for 10ltc ..+ silver value no matter what's done your investment is still solid.  Even if you spent the ltc you could sit on the coin or trade it at market value.

The person is not on the Litecoin dev team and is unrelated to us. I think you should continue with your coins. Yours is really promising too. There's definitely room for more than 1 physical litecoins. I'd buy both and I'm sure many people will too. So there's no need to have a price war.

who made it

Well these really looks awesome, anyone selling them?

Your image is not visible:

http://fotos.subefotos.com/16ed45befb4880e7a3fbb074bda3c509o.jpg

It's funny that when I'm thinking about making physical BTC and LTC the forum get filled with potential competion. I will work on something else instead.  :D

looks really nice and precious! would buy some of these

I would buy one :)

edit: I also want to have a silver 0.1 BTC from Casascius ;)

And.... dosent mean people are buying... They are cool, im just saying, your paying premium, anytime you pay premium on something there a huge risk youll never get that back. Makes more sense to invest more in bitcoins flat out.

Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.

lol, preaching what? I said they looked cool, I would like to have one, im just stating facts based on experience.    Amateur...

You are so experienced and trusted on this forum, I will defer to your great wisdom.

Yes, because its all still brand new... People who invest, or rather, people experienced and good at investing, do it for the long term, not a year or two... of course they are expensive now, but give it some time..

lol, keep making yourself look like an idiot. What does that mean, the date someone joined an obscure forum is the deciding factor on their intelligence and experience. Did you make a quarter million on BTC? Do you trade $10k worth of gold and silver on a weekly basis?  Well, I will check out some other post's rather than waste my time here... lol

I wasn't comparing them; Aquaman is talking about these like they're just silver coins with the Litecoin logo stamped on them, he doesn't appear to understand that they're preloaded with LTC.

It wasnt said they were going to be, if they are, then yes, itll be worth more, otherwise yes its just a silver coin with a logo stamped on it.

That little 10 litecoins written on them must be ambiguous.

When these are being sold will it be announced here or on the litecoin forums? They are way too cool to pass up. (assuming they are loaded with ltc)

this looks good. when the redeemed litecoins make it into the physical silver market then it helps to spread litecoin!

Yes, they have 10 ltc behind a hologram just like the casascius coins. When it's announced, I'm sure someone will post the info here.

lurking started :P

Same

Physical Litecoins... from Casascius???

In that case they wouldn't be Physical LTC at all.  They'd just be silver coins.

Thats true, but his coins are collectors pieces. I don't know if any other coins would command such a premium.

So, without a website selling them.. What are we discussing?

+1

It are 2 different coins, different style and materials, I'd buy them both.

I'll be looking to pick a few of these up  ;D

same

I want one...  bad.

Any updates on who will actually be selling physical LTC coins? I'd definitely like to buy some asap

Damn, every time I see a reply in this thread I hope it's an update on how to get these things! This is a 'shut up and take my money!' if I've ever seen one. 

I think these coins need to be 100ltc each minimum to properly offset the cost of the metal. Having a physical coin with a material cost of $10 and a ltc value of $25 makes for a bad ratio. Judging by the markup on cassius coins I bet they will want around a $10-$20 markup to cover costs and shipping, so that puts the total cost at $50. For something that has a value of only $25 in alt currency.

If this coin was worth 100ltc then it would be worth $250+ in ltc and probably cost about $300. I don't buy ltc and I doubt I will ever buy anything other than btc. But if I feel like getting a little alt currency in the future I think a 100ltc coin would be tempting if I could buy each one for 3btc. These do look nice and I have a feeling that a 100ltc+ coin would collect well. I doubt a 10ltc coin that cost $50 would go up in value very much.

The one thing I think will be the biggest problem by far is trust. It would be too easy to sell thousands of coins and one day...poof. All the unredeemed coins are empty. I still don't even trust physical bitcoins enough to buy one. I doubt I ever will.

I for one am excited for these coins! Can't wait to get my hands on a few :)

It's announced: https://bitcointalk.org/index.php?topic=243341.0

Did you make a quarter million on Gold / Silver?  ;)
Your salty comments are taxidermized here.

Good luck with your $1,800 / oz Gold investment..
While a single BTC is surpassing $9,400 now lol ;D

It completely make sense yes anybody can write or design anything on silver it doesn't increase the value . If somebody real fan of Litecoin then buy one and keep it for them-self as we buy fan t short , Mugs similar kind of apart from no use for litecoin value or blockchain . Its clearly some marketing gimick or the guy who has done this having good marketing strategy.

Oh yes, this physical crypto coin is one of the best that I have ever seen. Better than BTC coin, the effect is amazing. I don't know if it is real or only a photoshopped pic. If you find where to buy it please poste the link that I wanna it in my collection

Yes these physical LTC look awesome. But yes when i go to sell this LTC no one will pay for the plane that i almost had. So i will have someone else's money on hand. It also shows the awesome impact of air power at the tactical level of the war.