i dont get it. it cant be pegged to silver, so how does this work?
It's just a pretty token, there's no significant practical use for it. (I suppose you could use it in physical trade but it's packaged more as a collectors item vs something you'd buy lunch with)
While you are paying more than the value of the silver and the LTC held on the coin at it's current exchange rate, it is more akin to an investment than a collector's item. People who purchased the original BTC denominated coins from
www.casascius.com are often exchanging these physical coins OTC at meetups or using localbitcoins, so they have a purpose as a store of value and a means of exchange.
interesting
so in this case, how much do these cost per?
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