BitcoinPenny is selling his pre-ordered 1/4 oz platinum coins for $568 based on today's bitcoin price. Each of those coins contains $210 worth of platinum so I did not order any ... the premium over spot platinum is too high for me. Don't see those coins holding good resale value TBH ... no offense to CJBianco intended, just my opinion. I can buy two 1/4 oz BU Platinum American Eagles for about $518 in bitcoin from APMEX. As long as your premium over spot platinum is reasonable I would be a buyer.
I respect that opinion. While I've strived to keep the binary rounds as affordable as possible, my upcoming platinum rounds put no emphasis on affordability whatsoever and have nothing to do with the binary rounds (so a bit off topic). I actually had to pay for tooling so that Sunshine Minting could produce the blanks (first mentioned on the forum here back in March) in the needed size which was not cheap by any stretch of the imagination. It was my intent to make the greatest physical crypto coin ever produced. Costs did not play a role, and price was not considered. If there were 5+ interested buyers in a platinum binary round, I could look into how much it would cost to have new designs made and the coins minted. Left to myself though, I doubt I will pursue it at this time. Thank you. Checking I see you have already sold 5 2018 bitcoin gold binary rounds @ $2000 or 1.62 times spot gold. 1.62 times spot platinum would be $1360. Seems reasonable that you could easily sell 5+ one ounce platinum bitcoin binary rounds as that price would be lower than the gold rounds. Depends on whether the numbers work for you. It would also complete the set: bitcoin binary rounds in silver, gold and platinum. As for your ultimate coin in platinum I would have to see it for myself to judge if the premium over spot is matched by collector value; I suspect it will knowing the quality of your coins. Sorry for derailing the thread. |
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BitcoinPenny is selling his pre-ordered 1/4 oz platinum coins for $568 based on today's bitcoin price. Each of those coins contains $210 worth of platinum so I did not order any ... the premium over spot platinum is too high for me. Don't see those coins holding good resale value TBH ... no offense to CJBianco intended, just my opinion. I can buy two 1/4 oz BU Platinum American Eagles for about $518 in bitcoin from APMEX. As long as your premium over spot platinum is reasonable I would be a buyer.
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OgNasty should be commended for selling high quality bitcoin precious metal rounds at a very fair markup. I hope you consider selling limited edition one ounce platinum bitcoin rounds. Silver-Gold-Platinum set would be awesome!
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Finally Genesis still exists while Hashflare, wich claimed to be a competitor, exit-scamed. Genesis seems to have a much better basis of operation like costs and strategies. Hard to imagine it's a scam, running for so many years and I also saw videos of the miners.
Are you shilling for GM? They are proven to be a poor investment all that matters. If you have to scratch an itch for mining buy some GPUs and mine at home. This guide might help. |
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Very, very nice! You seldom see even one Silver Satoshi ever come up for sale. Good luck with the sale!
There are only 10 of the Silver Satoshi's in existence and they are spectacular. I would not let mine go for less than 1 btc. That said, I believe one auctioned last year for around 0.5 btc, though my memory has been known to fail me. The original 10 Silver Satoshi (400 - 409) from BG4 went for 0.90 to 0.24 in March 2017. The prototype first sold for 0.71 in January. After that 405 auctioned back in June 2017 for 0.55 and 402 in December for 0.26 (sounds low but recall bitcoin price was $14,500 at that time.) This is an outstanding collection for sale here. |
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I used to never consider Genesis Mining a scam; just a very bad investment that would never ROI. Reading the latest posts gives me pause. Consider that Genesis Mining is selling one TH/s of bitcoin cloud mining for $285! Only someone who just fell off the banana boat would pay that much. Right now pool.viabtc.com is selling one TH/s of hosted S9 bitcoin mining for $79. Mining starts this August 1. Big difference eh? They also have an internal market where you can sell your TH/s to buyers if you choose. Once you buy at Genesis Mining there is no option to sell. |
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MJ can you talk to a moderator; this outage or change in policy is not good for collectors:(
Edit: found the workaround as posted above. Why the forum now has a problem with images on private servers is not being shared.
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From the Encyclopedia:  Odd today images hosted on my own sever are not displaying; looking into it. Does not appear to be a problem on my end may be the forum. Someone mentioned private server pics or similar don't display anymore?? Well that sucks now all the images I have ever hosted no longer display here. Why on earth would such a change be made? |
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From the Encyclopedia:  Odd today images hosted on my own sever are not displaying; looking into it. Does not appear to be a problem on my end may be the forum. Solution: upload to imgur then select bbcode option to paste in post the code between image tags should end in .jpg |
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My interpretation is ETF hype + perceived triple bottom vs traders taking profits at resistance
Resistance is at $7700? There is a Fibonacci 23.6% at $9053 but the serious overhead resistance is at $11688 (red line.) But first we have to get through the psychological barrier at ten grand.  |
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Thanks @phishead and @chronicsky.
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Paid, PM sent and thank you!
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Received the bitcoin gold round won at the auction OgNasty held last week. Shipping was quick and the coin is beautiful! It is a gold round, not a proof as you can see some very minor pressing flaws around the visible edge of the coin which don't concern me at all. The coin edge proper is reeded. No other defects on the obverse or reverse faces the finish is very fine. I might send it in for grading. I also took the coin out of the Air-Tite and it weighed exactly one troy ounce (31.1 grams.) Thanks to OgNasty for making these gold rounds, working with a mint on a small order has to be a challenge. I also appreciate that he went with 24 karat rather than 22 karat. 22 karat gold coins may be more durable but are not as beautiful as .9999 fine gold. |
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