These physical LTC look awesome!

[coblee]

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.

[flound1129]

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

You should shut up now and look at casascius.com.

[gnomicide]

I think some people missed the part where it's also a pre-loaded wallet with 10 LTC on it. You can open it up, withdraw 10 LTC, then sell the 0.5oz of silver. The "10 LTC" written on it is just telling you what it contains, not an attempt to fix a value on the coin.

[eddyfitz]

Hope one will be able to purchase them for LTC, not USD 

[TheSwede75]

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

You should shut up now and look at casascius.com.

If you compare brand new physical litecoins to 2011 unique and funded Casacius bitcoins, you are going to have a disappointing experience.

[jasinlee]

If they are solid I dont see why this wont be huge.

[CoinHoarder]

Looks like I have competition.

I don't want to get in a bidding war with another physical Litecoin company, so I think I'll just bow out gracefully.

Perhaps I shouldn't of posted my idea here on the forums for anyone to steal... oh well, you live and you learn.

[jasinlee]

They havent even started selling them yet.

[CoinHoarder]

They havent even started selling them yet.

Yeah, but I haven't even had mine made yet. There is about a 3 week lead time at the very least to go from a design to a product.

Profit margins are so small for this type of thing, if there's competition I'll have to lower my prices and it's not worth my time. I make $40+/hr at my day job, I'm not going to work myself silly on this project for peanuts.

I actually think I know who is making them by deducing several things because Coblee knows who it is already... this guy is on the Litecoin dev team so it would make since Coblee was aware he was making them. The guy offered to partner with me when I made my thread, but was going to make me sign a contract and pay for legal fees, etc., so I turned down his deal. I suppose maybe it is my fault, but if I partnered with everyone that asked to partner with me in this deal, I'd have 10 partners by now.

Anyways, I guess I'll just go back to being a lowly miner... life is much less stressful that way anyways.

[Darktongue]

So let's say you buy one @ $40. $20 of that is ltc value the rest is the silver, cost and profit for the minter. 

If one physical coin ..= ltc value for 10ltc ..+ silver value no matter what's done your investment is still solid.  Even if you spent the ltc you could sit on the coin or trade it at market value.

[coblee]

They havent even started selling them yet.

Yeah, but I haven't even had mine made yet. There is about a 3 week lead time at the very least to go from a design to a product.

Profit margins are so small for this type of thing, if there's competition I'll have to lower my prices and it's not worth my time. I make $40+/hr at my day job, I'm not going to work myself silly on this project for peanuts.

I actually think I know who is making them by deducing several things because Coblee knows who it is already... this guy is on the Litecoin dev team so it would make since Coblee was aware he was making them. The guy offered to partner with me when I made my thread, but was going to make me sign a contract and pay for legal fees, etc., so I turned down his deal. I suppose maybe it is my fault, but if I partnered with everyone that asked to partner with me in this deal, I'd have 10 partners by now.

Anyways, I guess I'll just go back to being a lowly miner... life is much less stressful that way anyways.

The person is not on the Litecoin dev team and is unrelated to us. I think you should continue with your coins. Yours is really promising too. There's definitely room for more than 1 physical litecoins. I'd buy both and I'm sure many people will too. So there's no need to have a price war.

[420]

who made it

[escrow.ms]

Well these really looks awesome, anyone selling them?

[Taxidermista]

I found this on image search and saved it to my pc, but cant find the link again.

Your image is not visible:

[01BTC10]

It's funny that when I'm thinking about making physical BTC and LTC the forum get filled with potential competion. I will work on something else instead.  

[LiteCoinGuy]

looks really nice and precious! would buy some of these

[dnaleor]

I would buy one

edit: I also want to have a silver 0.1 BTC from Casascius

[AquaMan]

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

You should shut up now and look at casascius.com.

And.... dosent mean people are buying... They are cool, im just saying, your paying premium, anytime you pay premium on something there a huge risk youll never get that back. Makes more sense to invest more in bitcoins flat out.

[jasinlee]

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.

Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.

[AquaMan]

Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.

Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.

Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.

Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.

lol, preaching what? I said they looked cool, I would like to have one, im just stating facts based on experience.    Amateur...