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Author Topic: new real tangible physical bitcoin coin  (Read 54523 times)
cypherdoc
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July 20, 2011, 08:18:28 PM
 #201

I wonder how much people would actually
buy these for if there were 100% pure gold.

It would be MORE then collectible.

i asked him if he would melt down one of my Krugerands into a Bitcoin and he said no.
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July 20, 2011, 09:15:38 PM
 #202

I think i'd like the coin better if it didn't have the website stamped onto it.

yeah I feel the same. 

It actually serves a cool purpose, but I agree.  I'd buy one if it weren't for that.  Perhaps the coin creator should make a 2nd type of coin without the website branding on it and sell it for more?  That way he could lower the price on his existing coins (they'll be subsidized by the higher priced ones) or give them away for free to promote his site (1 per order of the new coins?).  A non-numbered coin would also be cheaper to have made, so there would be a much higher profit margin, especially considering he could charge a large premium.  Giving 1 of his website branded coins for free with the order of new coins would also get people like myself (and probably the 2 people I quoted) to give his website a try with their free coin.  I'd imagine that would be a great help to getting this project off the ground.

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RSantana
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July 20, 2011, 09:25:18 PM
 #203

I think i'd like the coin better if it didn't have the website stamped onto it.

yeah I feel the same. 

It actually serves a cool purpose, but I agree.  I'd buy one if it weren't for that.  Perhaps the coin creator should make a 2nd type of coin without the website branding on it and sell it for more?  That way he could lower the price on his existing coins (they'll be subsidized by the higher priced ones) or give them away for free to promote his site (1 per order of the new coins?).  A non-numbered coin would also be cheaper to have made, so there would be a much higher profit margin, especially considering he could charge a large premium.  Giving 1 of his website branded coins for free with the order of new coins would also get people like myself (and probably the 2 people I quoted) to give his website a try with their free coin.  I'd imagine that would be a great help to getting this project off the ground.

Ok, this is not a bad idea. I can understand not wanting my website on your coin. How about this... what if there was no unique code and the url was very small on the back, OR possibly laser-etched on the coin edge. so you wouldn't even see the url if you were looking directly at the front or back of the coin?

Also, would you want the design of the obverse & reverse on the coin to be the same?

Check out the first physical bitcoin at http://CoinedBits.com
cypherdoc
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July 20, 2011, 09:28:06 PM
 #204

I think i'd like the coin better if it didn't have the website stamped onto it.

yeah I feel the same. 

It actually serves a cool purpose, but I agree.  I'd buy one if it weren't for that.  Perhaps the coin creator should make a 2nd type of coin without the website branding on it and sell it for more?  That way he could lower the price on his existing coins (they'll be subsidized by the higher priced ones) or give them away for free to promote his site (1 per order of the new coins?).  A non-numbered coin would also be cheaper to have made, so there would be a much higher profit margin, especially considering he could charge a large premium.  Giving 1 of his website branded coins for free with the order of new coins would also get people like myself (and probably the 2 people I quoted) to give his website a try with their free coin.  I'd imagine that would be a great help to getting this project off the ground.

Ok, this is not a bad idea. I can understand not wanting my website on your coin. How about this... what if there was no unique code and the url was very small on the back, OR possibly laser-etched on the coin edge. so you wouldn't even see the url if you were looking directly at the front or back of the coin?

Also, would you want the design of the obverse & reverse on the coin to be the same?


RSantana,

i JUST put my order thru for 4 coins thru Paypal.  could you please leave off your website URL on my order?  everything else can remain the same.
Zncon
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July 20, 2011, 09:32:33 PM
 #205

I would have to guess that it's not quite that easy to just leave them off. Unless he is using an extreme lean process I'm sure they are created in bulk.

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July 20, 2011, 09:35:56 PM
 #206

I think i'd like the coin better if it didn't have the website stamped onto it.

yeah I feel the same. 

It actually serves a cool purpose, but I agree.  I'd buy one if it weren't for that.  Perhaps the coin creator should make a 2nd type of coin without the website branding on it and sell it for more?  That way he could lower the price on his existing coins (they'll be subsidized by the higher priced ones) or give them away for free to promote his site (1 per order of the new coins?).  A non-numbered coin would also be cheaper to have made, so there would be a much higher profit margin, especially considering he could charge a large premium.  Giving 1 of his website branded coins for free with the order of new coins would also get people like myself (and probably the 2 people I quoted) to give his website a try with their free coin.  I'd imagine that would be a great help to getting this project off the ground.

Ok, this is not a bad idea. I can understand not wanting my website on your coin. How about this... what if there was no unique code and the url was very small on the back, OR possibly laser-etched on the coin edge. so you wouldn't even see the url if you were looking directly at the front or back of the coin?

Also, would you want the design of the obverse & reverse on the coin to be the same?


RSantana,

i JUST put my order thru for 4 coins thru Paypal.  could you please leave off your website URL on my order?  everything else can remain the same.

I'm sorry, we don't do custom coins on demand. I'd like to get to that point :-)

If you don't want the coins please request a refund via our contact form at http://coinedbits.com/about.php

Check out the first physical bitcoin at http://CoinedBits.com
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July 20, 2011, 10:35:26 PM
 #207

It wouldn't hurt If it was missing the website & number. I kind of want a more "classic" style btc coin with nothing proprietary on it.
TYDIRocks
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July 20, 2011, 11:02:19 PM
 #208

I think you should offer both versions. I honestly don't know if I want the code or not.

Also you should maybe make a version with a whole at the top so you could make it a chain or something. I mean I wouldn't just carry around a coin to spread the word Tongue

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July 20, 2011, 11:22:21 PM
 #209

Ok, this is not a bad idea. I can understand not wanting my website on your coin. How about this... what if there was no unique code and the url was very small on the back, OR possibly laser-etched on the coin edge. so you wouldn't even see the url if you were looking directly at the front or back of the coin?

Also, would you want the design of the obverse & reverse on the coin to be the same?

Even if the website was in invisible ink, it would still be there.  That gives the coin less of a "currency" feel and more of a website promotion feel.  Right now you're the only person (I know of) offering cool cheap bitcoin collectors coins.  Take advantage.  Even if they're brass now, you are in a position to corner the market, which after some profiting could lead to silver coins, then gold...

I say you should design a new back and sell them for double the price of the ones on your website.  Then include one of your website coins for free with every purchase of 2 or more.  You'll make more money, your website coins will get to more people, and you could just end up being the exclusive physicial bitcoin supplier once you work out all the kinks in your operation and gather more customers...

I'd definitely buy one made of pure silver without the website listed.  Just sell the brass (gold plated) ones to gather the funding needed to get a batch of silver ones made (then discontinue the brass ones and only use that for your website coins, which you will then give away free with the silver ones).  I'm excited for you.  This is a great opportunity.  I'm just an ideas guy, but would love to partner on this with you somehow if you were interested in building a team for this project.

Or just go ahead and toss me a free coin when you get rich.   Wink

BITSLER                 ▄███
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cypherdoc
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July 20, 2011, 11:32:09 PM
 #210

Ok, this is not a bad idea. I can understand not wanting my website on your coin. How about this... what if there was no unique code and the url was very small on the back, OR possibly laser-etched on the coin edge. so you wouldn't even see the url if you were looking directly at the front or back of the coin?

Also, would you want the design of the obverse & reverse on the coin to be the same?

Even if the website was in invisible ink, it would still be there.  That gives the coin less of a "currency" feel and more of a website promotion feel.  Right now you're the only person (I know of) offering cool cheap bitcoin collectors coins.  Take advantage.  Even if they're brass now, you are in a position to corner the market, which after some profiting could lead to silver coins, then gold...

I say you should design a new back and sell them for double the price of the ones on your website.  Then include one of your website coins for free with every purchase of 2 or more.  You'll make more money, your website coins will get to more people, and you could just end up being the exclusive physicial bitcoin supplier once you work out all the kinks in your operation and gather more customers...

I'd definitely buy one made of pure silver without the website listed.  Just sell the brass (gold plated) ones to gather the funding needed to get a batch of silver ones made (then discontinue the brass ones and only use that for your website coins, which you will then give away free with the silver ones).  I'm excited for you.  This is a great opportunity.  I'm just an ideas guy, but would love to partner on this with you somehow if you were interested in building a team for this project.

Or just go ahead and toss me a free coin when you get rich.   Wink

i totally agree with this premise.  i would also like to be able to purchase ones made of gold.

i was one of the earlier buyers of one of these and i love it.  but i just cancelled an order for 4 b/c i realize i really don't like the URL promotion.

make these in silver and gold w/o promoting and you'll make alot more in profit.
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July 20, 2011, 11:33:44 PM
 #211

Ok, this is not a bad idea. I can understand not wanting my website on your coin. How about this... what if there was no unique code and the url was very small on the back, OR possibly laser-etched on the coin edge. so you wouldn't even see the url if you were looking directly at the front or back of the coin?

Also, would you want the design of the obverse & reverse on the coin to be the same?

Even if the website was in invisible ink, it would still be there.  That gives the coin less of a "currency" feel and more of a website promotion feel.  Right now you're the only person (I know of) offering cool cheap bitcoin collectors coins.  Take advantage.  Even if they're brass now, you are in a position to corner the market, which after some profiting could lead to silver coins, then gold...

I say you should design a new back and sell them for double the price of the ones on your website.  Then include one of your website coins for free with every purchase of 2 or more.  You'll make more money, your website coins will get to more people, and you could just end up being the exclusive physicial bitcoin supplier once you work out all the kinks in your operation and gather more customers...

I'd definitely buy one made of pure silver without the website listed.  Just sell the brass (gold plated) ones to gather the funding needed to get a batch of silver ones made (then discontinue the brass ones and only use that for your website coins, which you will then give away free with the silver ones).  I'm excited for you.  This is a great opportunity.  I'm just an ideas guy, but would love to partner on this with you somehow if you were interested in building a team for this project.

Or just go ahead and toss me a free coin when you get rich.   Wink

I like your idea...except for the double. I think 8.50 may be good for it. But that is just my opinion.

Import new address/private keys with ease: https://bitcointalk.org/index.php?topic=101161
cypherdoc
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July 20, 2011, 11:35:16 PM
 #212

as i said earlier, i would like to be able to send in my Krugerands to be reshaped into Bitcoins and pay a fee to do it.
Kermee
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July 21, 2011, 02:18:29 AM
 #213

as i said earlier, i would like to be able to send in my Krugerands to be reshaped into Bitcoins and pay a fee to do it.

I'm sure I speak for RSantana when I say if I was in his position and someone wanted to send me several oz. of Gold coins, I would not feel comfortable handling them if issues arise.  We're talking about taking on the responsibility of several thousands of USD...

I'm sure it's not personal.

Cheers,
Kermee

cypherdoc
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July 21, 2011, 02:22:12 AM
 #214

as i said earlier, i would like to be able to send in my Krugerands to be reshaped into Bitcoins and pay a fee to do it.

I'm sure I speak for RSantana when I say if I was in his position and someone wanted to send me several oz. of Gold coins, I would not feel comfortable handling them if issues arise.  We're talking about taking on the responsibility of several thousands of USD...

I'm sure it's not personal.

Cheers,
Kermee

good point.  i'd only send one! Wink
Kermee
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July 21, 2011, 02:31:43 AM
 #215

good point.  i'd only send one! Wink

Don't get me wrong... I *LOVE* your idea.  It would be the first 1 oz. Solid Gold 'Bitcoin'...

Cheers,
Kermee

cypherdoc
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July 21, 2011, 03:13:07 AM
 #216

good point.  i'd only send one! Wink

Don't get me wrong... I *LOVE* your idea.  It would be the first 1 oz. Solid Gold 'Bitcoin'...

Cheers,
Kermee

unless RSantana gets into the "clipping" business! 
RSantana
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July 21, 2011, 03:53:46 PM
 #217

folks, you have convinced me I need to come out with a new plain coin with no website advertising. I'll post more details when I know them.

Check out the first physical bitcoin at http://CoinedBits.com
Tx2000
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July 21, 2011, 04:17:17 PM
 #218

Just wanted to chime in and say I finally got mine in. Ordered July 7th, arrived today (15 days).  Toronto, Canada.  As was said many times in this thread, it looks much better in person!  Very happy with it.

Of course, I do not think anyone wants to see a man-peck shot a la MsBitcoin so no pictures.  Plenty in this thread to suffice Tongue

Will definitely purchase more in the future.
TYDIRocks
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July 21, 2011, 04:29:28 PM
 #219

Do you have an idea when the 1 without the website will come out? I want a coin soon but idk if I should wait for that or not Tongue

Import new address/private keys with ease: https://bitcointalk.org/index.php?topic=101161
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July 21, 2011, 04:47:40 PM
 #220

Do you have an idea when the 1 without the website will come out? I want a coin soon but idk if I should wait for that or not Tongue

The soonest you'd see it would be September.

Check out the first physical bitcoin at http://CoinedBits.com
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