Bitcoin Forum

https://www.topworldcoins.com/en/liberty-united-crypto-states-1-oz-proof-silver-coin-1000-satoshi-2022-united-crypto-states

This is a link to a new physical bitcoin I found recently.
United Crypto States 1oz silver proof coin funded with 1 satoshi (.00001 BTC). Obverse is Liberty facing left / reverse is Coat of Arms with Security Hologram Sticker in the shape of a shield covering private key. Beautiful piece that I think will skyrocket in price once sold out/ released. In preSale now. Price is around 90-105 ungraded and 145 for an MS70 graded example. Just wanted to give a heads up before they sold out! Thanks guys

Thanks for sharing!

Anyone in the US wanting to do a small group order to save on shipping?

Thanks for the heads up!  Ordered a couple ✌🏼

I'd take one or 2

Is this actually funded? Believe these are the same guys who made the Sol Noctis coins correct ? (If so, I would not trust the safety of the btc).  I have to say though they are really nice looking coins.

How many made?

It looks like it's the same mint (Mint XXI) but I don't know if they were the ones who made the keys and screwed it up last time with the binary bulls. Not sure who united crypto states is.

I don’t think the mintage numbers have been released yet but I’m hoping that the mintage is 1000 or less. Would go a long way to up the value to the majority of the numismatic community as well as the physical crypto community

Is it just me or is 1000 satoshis 44 cents today.didnt read in detail

I’m still not sure it’s actually loaded. I also missed the line of “legal tender of the United Crypto States” lmao what in the hell does that even mean..is this metaverse legal tender ?  :D

MoparMiningLLC, if you are doing a group buy, count me in for one ;)

I can set a group buy up - but I personally will not be getting one of these - the coin looks great but way over priced in my opinion for something mass produced that holds 20 bucks worth of silver and less than 50 cents of bitcoin (if you can even trust the load)

LMK if you all want me to set up a group buy - if I get 5 or more that are interested, I will set one up.

i would go for 2 ea...... not that it is sweet deal...

Found this

 https://www.youtube.com/watch?v=YJ_zYF4z6EM

They are asking roughly $102.63 for the coin.

I think the hologram looks great as well as the overall aesthetic of the coin.

Who in their right mind would denominate a coin so low at 1000 sats?

It a nice coin but that price is limiting as I would like to get more than one but not spend a fortune.

I also found another video: https://vimeo.com/670161788

Under the hologram is a general private key format so it is funded.

I count 3 takers - 2 more and I will arrange a group buy.

Can also order from below.  I've used them multiple times before and have no hesitancy using them again.

https://thecoinshoppe.ca/product/liberty-united-crypto-states-2022-1000-satoshi-bitcoin-1-oz-pure-silver-proof-coin/

If I understand it right the coin isn’t funded and if you want to fund the coin you need to destroy the hologram:( On the box is the we code from website, there was good place of public key, I ordered one but I am not excited about it ;( I hope 🤞 I am making coin soon myself in collaboration with cryptoimperator

I understand it to be funded but only with 1000 sats... which you will spend most if not all just to use it. CI coins are beautiful! look forward to seeing what you two come up with. His coins are on my wish list - I just can never afford the heavy premium that comes with them. :( but one day I will!

On the plus side, if the safety of the BTC is a concern, at least there isn't enough BTC on there to really matter much.  Chances are the Bitcoin network transaction fee to send the BTC anywhere would be higher than the actual BTC amount, so it's really just holding BTC to be cool, which it does accomplish.  I agree they do look like really nice coins and will make a great looking addition to a physical crypto collection.  I may end up grabbing one myself to go along with my Sol Noctis coin.  We'll see...

This is correct, this coin is not funded. Which they even state on the website that the labeled or minted on Satoshis amount would be about the same cost as funding the coin itself, which begs the question why did they label it as such. https://ucs-coins.com/#instruction1

Damn I swore it said funded with a satoshi somewhere. Either I’m tripping or there is some false advertising somewhere in there. Either way I’m still getting a few as I suspect the value will go up either way

in the description it states:


I think this is what makes it sound as if it should be funded.

though 45 cents worth of Bitcoin is not a lot - if it is not included with the coin - it just makes it seem that the coin is even more overpriced at least imo.

also - did the price change? I thought it was over 100 euros when I first saw it and now it just under 90 euros.

I would not give one satoshi to this coinmaker...... if this is the same coin maker that made those  Binary Bulls (https://bitcointalk.org/index.php?topic=5231305.0) ones that were sweeped.

Yikes, I missed out hearing that those bulls were sweeped. That's lame :(

OK, I guess you talked me out of it.  I don't think the satoshis held on these coins would be worth anything anyway, so it's more just for looks due to the transaction fees that would be involved in claiming it.  However, it is a cool looking coin, but there are lots of cool looking coins out there with holograms (and cheaper) that aren't from shady coinmakers.  So I struggle to see why this one is special.  So I'm not going to be purchasing, but I'm sure those that do will be happy as it does appear a high quality product.  Just don't fool yourself into thinking you're buying something that holds BTC, because you will never get BTC out of these coins and if you do it will not be enough to be worth your time to claim it.  This is literally the reason why Minted Seats have a payout threshold and that was put in place nearly a decade ago.  Crazy there is still bigtime coin makers who don't know what they're doing.

Yeah that’s the thing, I was thinking of purchasing it but I agree with Mopar that it’s overpriced, and as Krogo said..this company did an unbelievably poor job of getting back to us on the issue with the swept bull. That was a serious issue and they just tried wiping it away quickly. It also seems that they peeled a lot of both eagles and bulls which really makes you wonder what was going on. Perhaps they themselves believe those coins to be compromised so they swept to avoid loss?  I agree w you and Krogo, I can’t support this bs.

on the question of whether the coin is loaded with 1000 sats (or rather whether it is supposed to be loaded with 1000 sats)

direct from their website ucs-coins.com

This begs the question why wouldn't they just include the hologram so it could become a DIY.  This way makes zero sense.  I love how so many coin makers don't get advice from those who know best.

What is the mintage?

I agree ChiBitCTy 100%

And I dod not see anything about mintsge @slimzak

This coin is a Siren song for sure. Beautiful but fraught with problems.

Regarding mintage, I am always surprised that someone would get into creating collectibles but not have a limited mintage. In my opinion this is a line that defines the categorical difference of a collectible and a mass produced novelty item (chotsky).

One thing I wanted to add, TWC does not seem to be great with customer service.   I ordered a couple for the pre-order, as their website states a pretty reasonable refund policy.  In any case, the more I thought about the concerns (which I shared): 

Low Satoshi value
No public key to verify
History of compromised coins

 
I decided to cancel.  I did receive an email indicated they would refund my Paypal on Monday, promising it would be done that day...  Well it did not.  I have an open dispute with Paypal and will let the resolve itself.  I just had to share I am not impressed with their customer service.   I was planning on reducing my order to just one coin, just for the heck of it; however, now I really don't want to even move forward with that.

Thanks,

Mark

TWC made us wait like an extra 6 months for the sol-noctis v2's - I recall having to email them over and over asking about when they would ship.

So... Not a fan of their pre-orders, but do love the original Sol Noctis 0.01BTC coins. :)

I order few , Decide to cancel order after much reading. . I  let it run for a week .  open a dispute with paypa . not so great  :-[

Thanks everyone for the knowledge, history lesson, and help.

A happy ending, I was refunded my Paypal deposit for the pre-order, so at least TWC made good.

Oh I agree, these are some of my favorite coins period, not just in the physical bitcoin world.  They feel heavier than a typical 1 oz, the hologram shape and design is like any other, and just an all around very unique coins/design.  That said, I do not trust the value there long term one damn bit.  These sell for a pretty solid profit on ebay, so why on earth did they sweep so many bulls and eagles and then just sell the silver instead of selling funded and making a higher profit?  Perhaps they were taken by a chargeback or something, but perhaps they don't trust the "team" that funded them, once finding out about the Bulls sweep thing.  I dunno..too much shady shit surrounding these coins now. Such a shame.


Thank you for keeping us updated.  I had little doubt that they wouldn't, they are a big coin dealer, they don't want to damage their image in that way.. However, the pace at to which they respond to customers/issue refunds is a red flag and shows a lack of professionalism that will keep me from ever buying anything from them again.