Bitcoin Forum

Economy => Auctions => Topic started by: BitcoinMint.US on February 27, 2012, 01:26:18 AM



Title: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: BitcoinMint.US on February 27, 2012, 01:26:18 AM
http://www.bitcoinmint.us/BitcoinMintBanner.gif (http://www.bitcoinmint.us)

BitcoinMint.US (http://www.bitcoinmint.us) is auctioning a 1g Silver American Eagle copy.  Auction ends Sunday, 3/4/12 @ 3:00pm EST.  Free first class shipping in a standard envelope to United States addresses (Canada & UK + 0.25 BTC).  Good luck.


1g Silver American Eagle
http://www.bitcoinmint.us/1gLeaningEagle.gif (http://www.bitcoinmint.us)


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: danieldaniel on February 27, 2012, 01:33:50 AM
I bid .01 BTC.

:)


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: Eveofwar on February 27, 2012, 10:16:09 PM
0.05 BTC, why not.


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: koin on February 28, 2012, 12:08:25 AM
0.2 btc


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: danieldaniel on February 28, 2012, 08:43:27 PM
.3 BTC!


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: grue on February 29, 2012, 01:59:20 AM
0.4


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: crosby on February 29, 2012, 03:22:51 AM
0.420


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: jcpham on February 29, 2012, 11:04:07 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: crosby on February 29, 2012, 11:14:17 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???



Hydro included in rent = FREE
Hacking neighbourhood Wireless = FREE
Clicking a few clicks, typing 4.20 = FREE

Having silver actually arrive from hundreds of miles away to my door and NOT having to pay with VISA = Priceless


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: jcpham on February 29, 2012, 11:17:51 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???


Hydro included in rent = FREE
Hacking neighbourhood Wireless = FREE
Clicking a few clicks, typing 4.20 = FREE

Having silver actually arrive from hundreds of miles away to my door and NOT having to pay with VISA = Priceless

I get it. I was just pointing out where we were in the auction already. Comparing the cost of one item in one currency to its value in another doesn't prove or disprove its value, either.


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: the joint on February 29, 2012, 11:20:11 PM
You could probably resell a 1g silver round (especially in mint condition) for 300-400%


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: crosby on February 29, 2012, 11:36:10 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???


Hydro included in rent = FREE
Hacking neighbourhood Wireless = FREE
Clicking a few clicks, typing 4.20 = FREE

Having silver actually arrive from hundreds of miles away to my door and NOT having to pay with VISA = Priceless

I get it. I was just pointing out where we were in the auction already. Comparing the cost of one item in one currency to its value in another doesn't prove or disprove its value, either.

Local shipping was included with bids. I figured 0.2 for the coin, 0.2 for shipping.. good deal, throw in 0.02 cause im high and excited to win my first silver gram.. sweeet

@ thejoint, 300-400% resale value nice, but im looking to collect for awhile


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: the joint on February 29, 2012, 11:47:07 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???


Hydro included in rent = FREE
Hacking neighbourhood Wireless = FREE
Clicking a few clicks, typing 4.20 = FREE

Having silver actually arrive from hundreds of miles away to my door and NOT having to pay with VISA = Priceless

I get it. I was just pointing out where we were in the auction already. Comparing the cost of one item in one currency to its value in another doesn't prove or disprove its value, either.

Local shipping was included with bids. I figured 0.2 for the coin, 0.2 for shipping.. good deal, throw in 0.02 cause im high and excited to win my first silver gram.. sweeet

@ thejoint, 300-400% resale value nice, but im looking to collect for awhile

I say 300-400% because of the minting costs of producing such a small coin.  Check ebay out and see what 1g pieces are going for (I'm seeing between $2-$5 depending on the shipping).

And good luck, if I don't outbid you   ;D


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: BitcoinMint.US on February 29, 2012, 11:52:35 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???

Spot/melt price on the computer you're reading this on is probably less than $10.  Since I'm feeling generous, I will offer 3 BTC for your computer.  Let me know if we have a deal.


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: likuidxd on March 01, 2012, 12:48:08 AM
Etching a solid value on two highly volatile markets does not work.

1 BTC ≠ $4.85

1g Silver ≠ $1.30


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: BitcoinMint.US on March 04, 2012, 06:45:17 PM
* AUCTION ENDING SOON *


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: the joint on March 04, 2012, 07:58:54 PM
.43 btc


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: BitcoinMint.US on March 04, 2012, 08:11:32 PM
.43 btc

WINNER!


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: crosby on March 04, 2012, 08:22:13 PM
.43 btc

sneaky ;)


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: the joint on March 04, 2012, 08:24:32 PM

:) I'm sorry.


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: crosby on March 05, 2012, 04:35:30 AM

Its all good, worked out best this time.  I'll get the next one perhaps.


Title: Re: 1G SILVER AMERICAN EAGLE - ends 3/4/12 @ 3:00pm EST
Post by: jcpham on March 05, 2012, 03:21:28 PM
0.420

spot/melt price on 1 gram of silver is about $1 US - a little more.

.420 x 4.85 (current market) = $2.037

The last bid was ~200% market value.  ???

Spot/melt price on the computer you're reading this on is probably less than $10.  Since I'm feeling generous, I will offer 3 BTC for your computer.  Let me know if we have a deal.

Now that the auction has ended, I'd like to apologise:

1. for interrupting the auction with nonsense that wasn't a bid.
2. questioning the auction's value in fiat, not bitcoin.

I should've known better on both accounts. I feel ashamed of myself. Everyone should look at what I did as an example of what not to do in an auction thread. Just saying...  ;D

Congrats to the winner!