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Author Topic: 🧡 Ethereum Collectible Coin from Silver 🧡 [MINTEUS]  (Read 186 times)
damberg
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August 11, 2020, 08:37:49 AM
Last edit: August 12, 2020, 02:15:23 PM by damberg
 #1

Fellow crypto folks, I am happy to announce a small creative hobby project of mine - Minteus.

I decided to design the Ethereum collectible coin from finest silver (.999 purity). It is 1 troy ounce of silver, hallmarked by an official assay office.
I paid special attention to the coin design to make it simple and yet expressing basic principles of Ethereum which I have been a hodling for some time.  Wink
The coin comes with more nice features (see the website below). Local mint was contracted to make the coin in highest possible quality.



So I am offering this little piece of numismatic art to all of you. As a coin to display, as a gift, as an investment, you choose ...
There will be only 1200 coins ever minted. However, there is a basic threshold of 100 pieces required to start the production of the coin. And the sale has just begun.

See more and order at minteus.com.

I would appreciate your feedback, and also sharing would help!  Smiley

UPDATE: After your feedback I decided to lower the price as much as I can to bring it to you. The highest quality of mint remains my first intention, it will never ever change. Hopefully, updated offer is getting more attractive to you.



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btcltcdigger
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August 11, 2020, 09:23:25 AM
 #2

€92 seems a bit steep for 1 oz of silver, specially that spot price is like €15
I understand it's limited edition, but still,  €50 euro more than what i'd be willing to pay for it

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August 11, 2020, 09:26:12 AM
 #3

I like the clean geometric desing of the front of the coin.

Current premium is a bit too high for my taste, though, sorry. Especially considering this is not a funded coin - which in my personal experience justifies some premium if it is well made: hologram, security, assembling, key-mangement etc all take a lot of extra effort.

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August 11, 2020, 09:40:46 AM
 #4

As already mentioned by the previous posts the only thing which hold me off to buy some of these coins is the premium for it.
But I like the clean design, looks HQ.

I hope that actual the premium will level off a bit. Would cop some of these coins in that case  Wink

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August 11, 2020, 11:47:04 AM
Merited by seek3r (1)
 #5

I like to hear that the design appeals to you.

Indeed, the price was my toughest dilemma before starting the project publicly. There is a variety of coin production processes ranging from quick-and-dirty to more sophisticated methods (to put it simply). Quick-and-dirty ones cost considerably less but finalized coins can be easily assessed as 'second grade' = it further negatively impacts the value when you as an actual holder want to sell it again. On the other hand, coins produced with more advanced methods are favourite for numismatic collectors, and every consecutive sale is usually more expensive.

Since you can buy lower quality coins at average Chinese e-shop (yes, I oversimplified it), my decision was to bring higher quality collectible coins with real potential of growing value in time. That being said, I am glad for such feedback from you. I will definitely gather more feeback and think about it.
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August 11, 2020, 12:21:31 PM
 #6

had you added a feature to where it could be used as a funded coin, that would have been more towards making it reach the price you seek. otherwise - no matter how nice it is, it is just a silver coin and I dont know many silver coins that are worth 4-5x spot price.

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August 11, 2020, 12:26:38 PM
 #7

€92 seems a bit steep for 1 oz of silver, specially that spot price is like €15
I understand it's limited edition, but still,  €50 euro more than what i'd be willing to pay for it

Where is this 15 euro spot silver?  I would like 5,000 ounces please.

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August 11, 2020, 12:28:47 PM
 #8

€92 seems a bit steep for 1 oz of silver, specially that spot price is like €15
I understand it's limited edition, but still,  €50 euro more than what i'd be willing to pay for it

Where is this 15 euro spot silver?  I would like 5,000 ounces please.

i think spot is about 20-21 euros atm so yea 15 euros would be sweeet!

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August 11, 2020, 12:30:02 PM
 #9

Yeah, my mistake, it's €23.52 atm per ounce.
Last time i was checking it was around 15, that was cpl of months ago however. Still, if you add 100% premium, it would be less than 50% of what the OP price is

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August 11, 2020, 12:57:39 PM
 #10

Will we be able to verify the supply? Grin
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August 11, 2020, 01:52:40 PM
 #11

Will we be able to verify the supply? Grin

The supply will be clearly stated on a certificate that comes with the coin (e.g. if there is 450 coins minted, you will see 221/450 on your certificate, meaning that your coin is 221st in the emission). Of course you don't have to believe me, but I don't have any interest in spoiling my hobby project.
It just came to my mind - I could have my contracted producer issue some kind of official statement, in which they claim the exact number of coins produced for me. What do you think? Any other ideas?  Smiley
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August 11, 2020, 02:35:41 PM
 #12

I like to hear that the design appeals to you.

Indeed, the price was my toughest dilemma before starting the project publicly. There is a variety of coin production processes ranging from quick-and-dirty to more sophisticated methods (to put it simply). Quick-and-dirty ones cost considerably less but finalized coins can be easily assessed as 'second grade' = it further negatively impacts the value when you as an actual holder want to sell it again. On the other hand, coins produced with more advanced methods are favourite for numismatic collectors, and every consecutive sale is usually more expensive.

Since you can buy lower quality coins at average Chinese e-shop (yes, I oversimplified it), my decision was to bring higher quality collectible coins with real potential of growing value in time. That being said, I am glad for such feedback from you. I will definitely gather more feeback and think about it.

Either the mint is charging you too much.... or you are charging too much.....

And I have not heard of charging more as each coin is sold. Please explain the logic behind this?

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August 11, 2020, 03:26:22 PM
 #13

I like to hear that the design appeals to you.

Indeed, the price was my toughest dilemma before starting the project publicly. There is a variety of coin production processes ranging from quick-and-dirty to more sophisticated methods (to put it simply). Quick-and-dirty ones cost considerably less but finalized coins can be easily assessed as 'second grade' = it further negatively impacts the value when you as an actual holder want to sell it again. On the other hand, coins produced with more advanced methods are favourite for numismatic collectors, and every consecutive sale is usually more expensive.

Since you can buy lower quality coins at average Chinese e-shop (yes, I oversimplified it), my decision was to bring higher quality collectible coins with real potential of growing value in time. That being said, I am glad for such feedback from you. I will definitely gather more feeback and think about it.

Either the mint is charging you too much.... or you are charging too much.....

And I have not heard of charging more as each coin is sold. Please explain the logic behind this?

Maybe I did not explain it well. It definitely doesn't mean that mint is charging more with more pieces produced. In fact, the opposite is true.

I meant selling peer to peer after the sale is finished. If you decide to sell the coin let's say one year after you bought it, you would expect to sell it at higher price than you originally bought it. Wheter or not the price of the coin is going to rise in the future is largely dependent on quality of its minting (and some other factors).
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August 11, 2020, 06:15:57 PM
 #14

When you have some ready to ship I will probably buy one. Looks nice. Love ETH world.

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August 12, 2020, 02:25:47 PM
 #15

I coinsidered your comments and responses, which I am thankful for. Cool  The price is now lower without affecting the quality of mint.


When you have some ready to ship I will probably buy one. Looks nice. Love ETH world.
I would not hesitate, we need at least 100 orders to make it happen.
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