[LTC] [ANN] Physical Litecoins by CryptoVest (Project on hold)

[CoinHoarder]

I am excited to announce that I am finalizing the designs and talking with a reputable tamper proof hologram company to make a physical Litecoin!!!

Security: I am using a very expensive high security tamper proof hologram to secure each private key. It will be made with a high DPI dot matrix printer with several security features that will make it nearly impossible to forge. On top of that, our hologram will be registered in a database with all the reputable high security tamper proof hologram companies that make these things, and they will refuse to make it for anyone but me.

As an added security protection, there will be a window on the back of each coin that reveals the firstbits so you can look the address up on any block explorer to ensure it hasn't been redeemed. That way you can have peace of mind when buying and selling the coins that it is actually loaded with LTCs!!

All private keys will be created on a freshly installed OS on an offline computer, then encrypted. Also, coin inserts will be printed immediately during the address generation. The private keys and public addresses will be saved after being encrypted on two USB drives, which will be stored in a safe. When each coin is made, the private key data for that coin will be destroyed, leaving the only back up of said private key hidden under the tamper proof hologram. Security is my main concern and be sure it is not taken lightly.

Coin Type:
First batch will be nickel plated. 1 OZ silver rounds to follow shortly thereafter (dependent on the success of the first batch of coins.)

Unfortunately all denominations will not be made at launch as it is too costly for me. However, I plan to get at least every denomination shown above done over the coming months. I plan on making 1000 coins for each denomination, to keep costs as low as possible and pass this down to the customers. So, in the first batch there will be 20000-4000 coins made depending on how much funds we can come up with for the project.

Ordering
No preorders at this time. Check back in the near future.

Expected Release:
Soonish  

What I need from you:
Your opinion on the design and what denominations you would like to be able to buy.

I'd like to thank Casascius for the inspiration to undertake this project! https://www.casascius.com/

UPDATE:
As stated earlier, I have delayed production a little bit so that I could get a better design. I have had 5 designers design something for me. I am interested in hearing your opinions on what you like and don't like about the designs. Thanks:

LikeHero:



Xqisit:


Zinodaur:



Smeagol:




Beefsock:

[Yogi2013]

Any idea on mint cost +spot? Shipping? Looks like a helluva idea.

[CoinHoarder]

Any idea on mint cost +spot? Shipping? Looks like a helluva idea.

I'm just sort of gauging interest- I'm only just now completing the designs, the pictures I posted are somewhat of a rough draft.

I'll have a better idea on costs soon and shipping would be from the US.

[Rawted]

Love the idea. Get rid of the tiny lettering inside the design (five ltc, ten ltc,etc), make it the normal solid grey/silver litecoin logo. increase the whitespace around the outside of the coin, and put your value and lettering there.

Good stuff bud, will be watching and picking some up.

[CoinHoarder]

Love the idea. Get rid of the tiny lettering inside the design (five ltc, ten ltc,etc), make it the normal solid grey/silver litecoin logo. increase the whitespace around the outside of the coin, and put your value and lettering there.

Good stuff bud, will be watching and picking some up.

Thank you for your suggestions. I am definitely interested what you guys think of the designs, as I want everyone to like them. 

Cheers,

Ch

[Bit_Happy]

1 OZ Silver?

[CoinHoarder]

1 OZ Silver?

I was thinking of carrying both a 1 OZ silver coin and a cheaper nickel plated version.

The 1 OZ silver coins would only be available in certain denominations (at least starting out... this stuff is expensive to make.)

Also, the 1 Oz silver coins may not be ready at launch as I might not have the funding for it... nickel plated is much cheaper.

[CoinHoarder]

bump- looking for more constructive criticism 

[CoinHoarder]

<old design>

[wizzardTim]

Do you guys like these better? They're a little simpler.

I like the 2nd.

[matauc12]

You really want most if not all lettering closer to the edge, small, non-numerical and following the edge (sorry, the word to describe thus currently eludes me, but "rounded, not straight")

Also, concerning silver coins, that would be great and personally I'd pay 2-3$ more per 1oz if it was ltc, I'd buy a lot too, and I guess that price premium seems fair, so you could calculate your margin of that price. (I'll also strictly say at 4$ premium per oz, it becomes too much of a bad investment)


NFC chip in them would be so great too (obviously not the silver ones because of the smelting mess)

[CoinHoarder]

You really want most if not all lettering closer to the edge, small, non-numerical and following the edge (sorry, the word to describe thus currently eludes me, but "rounded, not straight")

Also, concerning silver coins, that would be great and personally I'd pay 2-3$ more per 1oz if it was ltc, I'd buy a lot too, and I guess that price premium seems fair, so you could calculate your margin of that price. (I'll also strictly say at 4$ premium per oz, it becomes too much of a bad investment)


NFC chip in them would be so great too (obviously not the silver ones because of the smelting mess)

Thanks for the advice. 

Are these any better? I feel like they're getting worse and worse lol.. and no ones hardly giving me any feed back, so that makes me think that they are all really horrible!

[CoinHoarder]

Do you guys like these better? They're a little simpler.

I like the 2nd.

Thanks. I've been trying to add a little more to the design so it doesn't seem like I just copy and pasted the LTC logo.

I wanted to give the design my own touch. But, if everyone just wants something really simple, then that works works for me I guess.

[matauc12]

You really want most if not all lettering closer to the edge, small, non-numerical and following the edge (sorry, the word to describe thus currently eludes me, but "rounded, not straight")

Also, concerning silver coins, that would be great and personally I'd pay 2-3$ more per 1oz if it was ltc, I'd buy a lot too, and I guess that price premium seems fair, so you could calculate your margin of that price. (I'll also strictly say at 4$ premium per oz, it becomes too much of a bad investment)


NFC chip in them would be so great too (obviously not the silver ones because of the smelting mess)

Thanks for the advice.  

Are these any better? I feel like they're getting worse and worse lol.. and no ones hardly giving me any feed back, so that makes me think that they are all really horrible!

The first ones were too clustered and made them look too cartoon-y thus giving a fisher price look. These ones are much better (the right one). Maybe don't go that descriptive (anonymous decdntrilazed p2p), maybe just decentrallized cryptocurrency?

[wizzardTim]

how about these ones? i found that pic on reddit..

[matauc12]

how about these ones? i found that pic on reddit..

obviously those look good but need slight but added branding. (Similar to last sketch)

[wizzardTim]

Just put a nicely engraved LITECOIN on top,
and something nioce & clever in the bottom.

Also on the round side you can see that the coins have ones and zeross  

[FatMagic]

how about these ones? i found that pic on reddit..

These I would pay for - the other designs need more work, and don't look "professional" enough. We just need a simple, modern clean design - as this photo above shows.

Keep revising those other designs, less is more when it comes to coins. The BTC Cass coins are very well done, and doing a similar style would be great.

[matauc12]

Just put a nicely engraved LITECOIN on top,
and something nioce & clever in the bottom.

Also on the round side you can see that the coins have ones and zeross  

side etch is very neat but extremely expensive (north american coins don't have it for that reason)

[CoinHoarder]

Man, it almost seems like I'm never going to come up with a design that everyone likes :\

To get these made will be thousands and thousands of dollars, so I need something most people will like so I can sell a few and don't waste a lot of money.

So you guys want something that looks.. for lack of better words.. more like a coin?

Ok, back to the drawing board...