Bitcoin Forum

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

Waant

Nice.

How much premium they charge to make such coin?

Casascius made pure gold coins a few years ago :P

Now that's smart investment. Spread around but still kept very close. Whatever happens, he has something that will have value in forseable future.

True enough but they have been out of market for a while now if I recall correctly
Needs a new mint :)
https://www.casascius.com/

The coins, made of pure gold, weigh one ounce each and have their private keys engraved on the back in 2D barcode, enabling the owners to access them by using smartphones – the images were pixelated for anyone who intend to try his luck. Because each coin contains a unique serial number and unique barcode pattern, they all had to be individually crafted, which made the process quite time consuming. It took the author three months to produce a total of 101 coins.

Still its nice to see some more on the market and they look nice.

I'm going to be pedantic but as far as I know you can't have 'pure' gold but you can have .99 gold and various carats.

>_< aside from the obvious journalism fail they look nice they seem to be a lot like Casascius' coins but fancier, which lets be honest is a bit unusual for the Chinese because they're mainly known for making cheap copies.

Lol, the guy who took the photos now has all the private keys  :D

I'm pretty sure the owner of those coins made those photos for him. One can not be that dumb and be able to make such great coins in the same time.

But with physical coins, btc will lost status of cryptocurrency! Do you really want it, or i missed some facts about btc??

Racist. Well, at least you knew you were being a racist. That's something.

Chinese are known to be gold bugs. Since bitcoin incorporates some of the very core fundamentals of Gold) scarcity, rather predictable supply, etc. it's logical to assume there'd be many people who would want to buy themselves some shiny coins. Think Casascius.

Its a nice idea. I am guessing this would be good for cold storage. I remember a few years ago some guy also sold these, and litecoins, and different divisions of bitcoin, but he got shut down or something.

Am i the only one here thats missing the point in this?!
We're supposed to promote bitcoin, and its use, and store of value vs things like paper money and gold..

You are bonding with the enemy here :P

PSA:  Physical coins are collectors items, and not a good cold storage method.  Especially if you buy them used.

Titan mint is also selling 1 oz. gold physical bitcoins: https://www.titanbtc.com/product/titan-one-gold/

Those gold bitcoins can be sold in the future at collectors, it can be a nice investment depending on the demand and the quantity of the coins delivered.

It isn't racist to acknowledge the fact theat there have been a lot of problems with "gold" that turned out to have a lot of tungsten coming from China. :-)

I think silver is really the way to go right now.   Just think about it...in the event of a complete financial collapse, if gold prices skyrocket...and you have all this gold...how would you plan on dividing it up when you need to make smaller purchases?   Are you going to bite off pieces of gold???  Unless you plan on only making large purchases...silver will be an easier medium of exchange...

Yes, you right. But btc stucture implies all criteria of currency, and i don't think, that physical coins let start to up btc project at all.

I agree.  ;-)

Don't you read the artical carefully? It is not for market consumption and circulation. He was commissioned to do these by businessman friend. His friend will trust him do the job well as he was requested.

nice piece, would buy one :)

Yeah, that's what I call the next generation Casascius coins! But is it really necessary to make those coins from some worthless material? ;)

i estimate sale value as $2000

$1300 for the gold
$600 for the bitcoin
and $100 for the smelting/labour/profit

would be okay for me  :)

It is a nice idea. I really like this. How much charge they are going to take?

Exactly this guy is not the first and I'm sure he won't be the last person either.

Except Casascius gold coins were in a denomination of 1000 BTC:

https://bitcointalk.org/index.php?topic=54845.0

Pretty awesome.  I've like to do similar but using cheaper materials since I'm kinda poor.  

What I would like engraved is the private key encrypted in BIP-38.  I just don't like the idea that the persons minting the coin will have access to the private QRC code.

Side note, I like how Forbes & Bloomberg are Bitcoin friendly media outlets.

Like this?
http://www.tungsten-alloy.com/tungsten-alloy-scan-gold-coin.html (http://www.tungsten-alloy.com/tungsten-alloy-scan-gold-coin.html)

Agreed, thats why you want a significant amount of silver as well. And ammo, gas, food, drinking water, and medical supplies.

That is one helluva a sexy coin!  So correct me if I'm wrong but there is a QR code for both the public and private keys?

I would have bought one.... except the words on the coin are juvenile and amateur as hell sounding.

Full sentences explaining what it is LOL :  "THE WORLDS FIRST GOLD-BACKED PHYSICAL BITCOINS"

Horrible.  You dont put that on a coin.  You put something Latin, or short and awesome and aloof sounding.  That shit goes on the certificate of authenticity.  Not the coin.

"OPEN SOURCE P2P MONEY" <--- you dont put that on the coin itself.   Smh ...

Terrible.

Did anyone notice that the world is backwards on the coin?

If only I was around and bought ONE just one back then
That would be a lifer coin unless I was an idiot and lost it somehow or had the most wild night in Vegas and lost it all but probably not lol.


A joke perhaps if you dig a hole deep enough you end up in China

Does that coin even have any tamper proofing on it?  Laughable that they're claiming to be the first.  Looks to me like they're pretty damn far behind the curve...