[WTS] Crypto Imperator & PR1MAL CYPHER Coin #58 SOLD

[Mrstacy]

Asking 0.025

This is for the number 0058 of the coin done in Collaboration with the artist PR1MAL CYPHER  (https://twitter.com/primal_cypher) these coins were sold on Twitter, and are currently sold out. (Limited to 100)

https://imgur.com/a/3JMnwdb

Weight: 1 Troy Oz .999 Fine Silver. (40mm diameter)

Design: PR1MAL CYPHER!

Quantity: 100 (Numbered)

Denomination: 0.01 BTC

Payable in BTC to this address: 3B6mTzHRn7NATpfu7PzJtvUFwvPMybkWJo

Amount includes free priority shipping in USA (signature required).  International buyers, please work with MinerJones to coordinate your shipping needs.

[dozerz]

number 1 sold for 0.025, open to offers?

[Mrstacy]

number 1 sold for 0.025, open to offers?

Oh. that was unfunded price.  this price includes funding.  no offers at this point.

[MoparMiningLLC]

I am not familiar with these coins, but can you explain why - if the coin is loaded with .01 btc why would there be a 150% premium on top of that? seems a bit high. would need btc to be near 200k just to break even if peeling it sometime in the future was pursued.

[Mrstacy]

I am not familiar with these coins, but can you explain why - if the coin is loaded with .01 btc why would there be a 150% premium on top of that? seems a bit high. would need btc to be near 200k just to break even if peeling it sometime in the future was pursued.

Im not familiar with the Pr1mal Twitter group either.  Im only going on sales history.  Im in price discovery phase and best to start high. Not trying to price gouge.

[MoparMiningLLC]

I am not familiar with these coins, but can you explain why - if the coin is loaded with .01 btc why would there be a 150% premium on top of that? seems a bit high. would need btc to be near 200k just to break even if peeling it sometime in the future was pursued.

Im not familiar with the Pr1mal Twitter group either.  Im only going on sales history.  Im in price discovery phase and best to start high. Not trying to price gouge.

same here, I just cant see paying 3 to 4 times load value for any collectible unless its worth that much on it's own and I just am not familiar with these coins at all - CI's coins are usually way out of my price range.

[selassiesoildier]

I am not familiar with these coins, but can you explain why - if the coin is loaded with .01 btc why would there be a 150% premium on top of that? seems a bit high. would need btc to be near 200k just to break even if peeling it sometime in the future was pursued.

Im not familiar with the Pr1mal Twitter group either.  Im only going on sales history.  Im in price discovery phase and best to start high. Not trying to price gouge.

same here, I just cant see paying 3 to 4 times load value for any collectible unless its worth that much on it's own and I just am not familiar with these coins at all - CI's coins are usually way out of my price range.

There could be two reasons why this is happening and this is just my two cents.
PR1MAL is an NFT artist and we all see what is going on in that space when it comes to premiums, this coin sold out quickly on Twitter and was not offered to seasoned CI collectors from here in the forum.

I believe this opened up the physical coin collecting world to a new batch of collectors who appreciated the novelty of the coin and let’s not mention to some this too can be considered art.

This is a secondary sale and we should
Let the free market decide. Seeing a $1 digital art piece resold
The next day for over $100k must really hurt you then. Not if you were the seller 

[Mrstacy]

I am not familiar with these coins, but can you explain why - if the coin is loaded with .01 btc why would there be a 150% premium on top of that? seems a bit high. would need btc to be near 200k just to break even if peeling it sometime in the future was pursued.

Im not familiar with the Pr1mal Twitter group either.  Im only going on sales history.  Im in price discovery phase and best to start high. Not trying to price gouge.

same here, I just cant see paying 3 to 4 times load value for any collectible unless its worth that much on it's own and I just am not familiar with these coins at all - CI's coins are usually way out of my price range.

There could be two reasons why this is happening and this is just my two cents.
PR1MAL is an NFT artist and we all see what is going on in that space when it comes to premiums, this coin sold out quickly on Twitter and was not offered to seasoned CI collectors from here in the forum.

I believe this opened up the physical coin collecting world to a new batch of collectors who appreciated the novelty of the coin and let’s not mention to some this too can be considered art.

This is a secondary sale and we should
Let the free market decide. Seeing a $1 digital art piece resold
The next day for over $100k must really hurt you then. Not if you were the seller 

Thanks for your insight.  Now we know the rest of the story. lol.

[Edits]

approx 2.5x loaded value is around the historical auction price for second hand CI coins.

Depends on mintage though, but that seems to be the norm. All his recent BTC coins are a mintage of 100, .999 silver, nice designs and well made.
Seems over time his coins are getting a really good reputation and becoming more desirable.

eg:

https://bitcointalk.org/index.php?topic=5320975.0  (0.006 for 0.16)

https://bitcointalk.org/index.php?topic=5318778.0 (straight to 3x)