What percentage premium over the (then) current market price did you pay for your loaded
physical Casascius bitcoin?
Add delivery costs to the price you paid for the coin. The market price for the calculation should be
MtGox at the time you bought your coin.
For example,
Z BTC in one coin cost you £260.00, and the MtGox price is £85.22 then your premium percentage is:
=((£260.00-£85.22)/£85.22)*100
= 205.09%
Another way of putting it:
% Premium = ((Price Paid - Market Price)/Market Price)*100
So:
- Less than 0% - The seller sold at a loss. You got gained "free" bitcoins through that transaction.
- 0% - You paid the current market value for your coin
- 0-10%
- 10-20%
- 20-30%
- 30-40%
- 40-50%
- 50-60%
- 60-70%
- 70-80%
- 80-90%
- 90-100% - You paid twice the BTC value for the privilege of having it in physical form
- 100-150%
- More than 150%
EDIT:
I neglected to explain the rationale behind this poll. In the context of Gold Bullion, the premium is the "extra", (so to speak) somebody is willing to pay for
having (taking delivery of) the metal in a physical form. For example, a Full Sovereign's premium as a percentage is more than that of a huge 1 kg bar. If you buy your gold in a form of jewellery, then it an even more expensive way of getting hold of the metal. The premium is supposed to account for the production of the Gold coin, bar or whatever. Usually, a smaller "lump" 1g, Half Sovereign attracts a higher premium than say a Full Sovereign, Krugerrand, 1 kg bar etc... Notionally, this is the "fee" for smelting, assay, minting etc.. of the physical metal, and costs more to create many smaller pieces than the equivalent weight in one lump.
Poll
