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Author Topic: Would you buy another Physical Coin?  (Read 2467 times)
CrackedLogic (OP)
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March 31, 2015, 03:49:44 PM
 #1

The market seems to be saturated at this point in time with the amount of physical coins out there. Despite this I was looking into starting to Mint my own coins.
The coins would be funded and would have a balance of around 0.1-1btc. I'm hoping to be able to mint 50-100 coins if your response is decent.

Specs would hopefully be something like 1.5" or 1.75". I'm hoping to mint about 10 gold finished coins 80 silver and possibly copper/brass for the rest.
If it's feasible I'll try to get the coins to have an epoxy finish. I'll either have a velvet box or a plastic slab to present and hold the coin.
Regarding the hologram, I haven't thought up on anything yet. I'm not even sure that if I can get somebody here to make them for me. I'll try my best however.
I have no ideas for designs yet but I can think of something that would look beautiful, hopefully something to compete with kialara? Cheesy

There's a 50/50 chance of me doing this, If I am able to free up enough time after my studies I would do this.

Any comments? Or feedback regarding the title?

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andulolika
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March 31, 2015, 04:57:11 PM
 #2

I would like clam on a physical coin, also any coin made of gold would be great.

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CrackedLogic (OP)
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March 31, 2015, 05:00:46 PM
 #3

I would like clam on a physical coin, also any coin made of gold would be great.


Actually, that's not such a bad idea. I'd rather go down the road of altcoins for now since it may prove to be a little cheaper and feasible.
It won't be a solid gold coin, it would have a gold finish.

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andulolika
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April 03, 2015, 12:00:44 PM
 #4


Actually, that's not such a bad idea. I'd rather go down the road of altcoins for now since it may prove to be a little cheaper and feasible.
It won't be a solid gold coin, it would have a gold finish.

Well if you need help with it try jd you could get an idea of what a clam looks like Tongue.

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CrackedLogic (OP)
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April 23, 2015, 03:02:07 PM
 #5


Actually, that's not such a bad idea. I'd rather go down the road of altcoins for now since it may prove to be a little cheaper and feasible.
It won't be a solid gold coin, it would have a gold finish.

Well if you need help with it try jd you could get an idea of what a clam looks like Tongue.

If it's feasible and not too expensive I'll probably get it in the shape of the logo of the Alt or in this case a clam shell.

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April 24, 2015, 03:01:59 AM
 #6

I collect physical coins, so I would be interested in one of each finish.  Not sure how I feel about Clams though.  You want to appeal to a large audience.  If looking only at alts, also consider Dark, Etherium or something popular.

Co-author to the Encyclopedia of Physical Bitcoins.  More details can be found at https://bitcointalk.org/index.php?topic=2767515.0
ObscureBean
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April 24, 2015, 06:36:22 AM
 #7

Sure I would. It would have to be a flawless finish though with attention to details. It would also have to be not too cheap and not too expensive, I'd say $50 for a coin with enough gold would be around what I'd pay. And like someone else said, popular coins would be more appealing than obscure ones.
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April 24, 2015, 07:54:44 AM
 #8

I would buy a physical Bitcoin or Litecoin.
Most people us price as a decisive factor when buying physical coins though.
If your premium isn't too high and the coin itself is well designed and high quality, you should have no problem selling them.
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April 24, 2015, 10:36:32 AM
 #9

I would like clam on a physical coin, also any coin made of gold would be great.


Actually, that's not such a bad idea. I'd rather go down the road of altcoins for now since it may prove to be a little cheaper and feasible.
It won't be a solid gold coin, it would have a gold finish.

A solid gold coin would be ridiculously expensive. I'd also think about not funding them yourself. Doesn't that leave the people who own them to trust you not to have made a back up of the private keys? I'd design something like Silver Wallets have so people can fund the coins themselves.
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April 24, 2015, 12:43:28 PM
 #10

I agree that Bitcoin or Litecoin are the most mainstream choices.  Clams seems so obscure that you risk having a tiny audience.  I don't see why the alt choice or denomination matters on cost if you go unfunded instead.  Based on your country, there are legal issues to fund these.  I also agree that DIY may be preferable or as an option, so there aren't trust issues.

Use a nice simple clean design with a custom holo if possible.  Keep the price under $50 each.  The lower the better it will sell, as people are very price conscious.

If you offer a few different finishes, many collectors will get one of each.

Co-author to the Encyclopedia of Physical Bitcoins.  More details can be found at https://bitcointalk.org/index.php?topic=2767515.0
CrackedLogic (OP)
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April 25, 2015, 09:35:18 AM
 #11

I collect physical coins, so I would be interested in one of each finish.  Not sure how I feel about Clams though.  You want to appeal to a large audience.  If looking only at alts, also consider Dark, Etherium or something popular.

I'll take a look into various alts and do some research on demand for them. What coins do you collect? Just physical Bitcoins?

Sure I would. It would have to be a flawless finish though with attention to details. It would also have to be not too cheap and not too expensive, I'd say $50 for a coin with enough gold would be around what I'd pay. And like someone else said, popular coins would be more appealing than obscure ones.

Yeah, I was trying to get a price around $45-$60 with some gold finishing. I'd like to have more of a flat design for the coins since I'm a minimalist person. Regarding the obscure coins, I won't go full out on them. If I ever do decide to do mint some dedicated to them, I probably won't manufacture a lot.

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CrackedLogic (OP)
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April 25, 2015, 09:45:07 AM
 #12

I would buy a physical Bitcoin or Litecoin.
Most people us price as a decisive factor when buying physical coins though.
If your premium isn't too high and the coin itself is well designed and high quality, you should have no problem selling them.

I'm hoping to have it have a fair selling price. Litecoin seems like a viable option since there isn't as many coins available.


A solid gold coin would be ridiculously expensive. I'd also think about not funding them yourself. Doesn't that leave the people who own them to trust you not to have made a back up of the private keys? I'd design something like Silver Wallets have so people can fund the coins themselves.
As much as I'd like to produce a solid gold coin, I wouldn't be able to do it as it would be hard for me to get the amount of gold required for the coin. It is too expensive which is another reason for why I wouldn't produce one.

If people won't trust me with the private keys then they shouldn't be looking into purchasing the coin. I'd prefer to make a coin wallet much like Silver Wallets, but from what I notice is that people prefer coins that holds a value. Correct me if I'm wrong.

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CrackedLogic (OP)
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April 25, 2015, 09:49:37 AM
 #13

I agree that Bitcoin or Litecoin are the most mainstream choices.  Clams seems so obscure that you risk having a tiny audience.  I don't see why the alt choice or denomination matters on cost if you go unfunded instead.  Based on your country, there are legal issues to fund these.  I also agree that DIY may be preferable or as an option, so there aren't trust issues.

Use a nice simple clean design with a custom holo if possible.  Keep the price under $50 each.  The lower the better it will sell, as people are very price conscious.

If you offer a few different finishes, many collectors will get one of each.

Thanks, I'll definitely look into btc and ltc. I'll look into self funded coins.

Should I have a cap on the amount of coins I produce or should I just produce indefinitely?

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April 25, 2015, 02:37:37 PM
 #14

I collect all physical crypto coins, cards etc...regardless if bitcoin or not, but I would prefer bitcoin or at least some mainstream alt.  Not CLAM.

I would limit the mintage, so a collector feels it has some rarity. 

I don't mind whether the coin is funded or not, and probably prefer its not due to trust issues and lower price.

Co-author to the Encyclopedia of Physical Bitcoins.  More details can be found at https://bitcointalk.org/index.php?topic=2767515.0
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April 25, 2015, 02:40:43 PM
 #15

I would personally only buy either physical bitcoins or litecoins, probably won't go with doge or anything unless it's unfunded.

Also, consider how you would generate private keys. People are becoming more and more cautions when handling private keys.














 

 

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BG4
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April 25, 2015, 04:22:47 PM
 #16

How about a unique paper wallet document that can not be duplicated  and is limited in its production ... that contains public and encrypted private keys......  would anyone buy them???   Why does a physical bitcoin need to be made of a metal..
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April 25, 2015, 04:27:31 PM
 #17

How about a unique paper wallet document that can not be duplicated  and is limited in its production ... that contains public and encrypted private keys......  would anyone buy them???   Why does a physical bitcoin need to be made of a metal..

Just the way it's come to be I guess.
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April 25, 2015, 04:34:08 PM
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How about a unique paper wallet document that can not be duplicated  and is limited in its production ... that contains public and encrypted private keys......  would anyone buy them???   Why does a physical bitcoin need to be made of a metal..

Just the way it's come to be I guess.

Metal is solid and can last some time.

I thought that crazy woodcollector guy did something with wood bitcoins.

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April 25, 2015, 04:37:45 PM
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How about a unique paper wallet document that can not be duplicated  and is limited in its production ... that contains public and encrypted private keys......  would anyone buy them???   Why does a physical bitcoin need to be made of a metal..

Just the way it's come to be I guess.

Metal is solid and can last some time.

I thought that crazy woodcollector guy did something with wood bitcoins.

They were round wooden "lasered" art pieces..... very beautiful I may add.......But I don't think they had Public and private keys that were loadable and redeemable
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April 25, 2015, 04:43:34 PM
 #20

How about a unique paper wallet document that can not be duplicated  and is limited in its production ... that contains public and encrypted private keys......  would anyone buy them???   Why does a physical bitcoin need to be made of a metal..

Just the way it's come to be I guess.

Metal is solid and can last some time.

I thought that crazy woodcollector guy did something with wood bitcoins.

They were round wooden "lasered" art pieces..... very beautiful I may add.......But I don't think they had Public and private keys that were loadable and redeemable

I worked with woodcollector on some prototypes for a wooden physical coin.  I actually have 1 in my possession but haven't completed the engraved private key plates that go inside of it yet.  It's on my to do list.   Tongue

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