Binary Eagle - Sol Noctis - 1 Bitcoin Cent

[fvs114]

I've found one of these on e-bay and then spotted that i'ts not available yet - will be soon.

The Binary Eagle is a silver collectible coin minted of 1 oz .999 pure silver.








It's bitcoin value is only 0.01 BTC, si is unlikely one will ever remove hologram on the back  

I've ordered one directly from a dealer, I'll post my comments and pics when i get it.

[AT101ET]

Looks quite nice. Can you please post a link to the item page? Thanks

[Blazed]

I want a couple!

[bithalo]

Looks quite nice. Can you please post a link to the item page? Thanks

If you dont want to go the ebay route, I believe this is their official seller.  Its on preorder

http://www.topworldcoins.com/sol-noctis-2014-0-01-btc-binary-eagle-proof-silver-coin

[Blazed]

Maybe he will cut a deal if I buy a roll? You guys want to do a small group buy? I would like a few of these for sure.

[bithalo]

Maybe he will cut a deal if I buy a roll? You guys want to do a small group buy? I would like a few of these for sure.

I would have, but already preordered one. 

[fvs114]

Looks quite nice. Can you please post a link to the item page? Thanks

I've preordered it form topworldcoins.com too for 79,90€. I've tracked also ebay sales and one was sold for 70€ (auction), and others
are selling for around 100€.

http://www.ems-silber.de/1-oz-Sol-Noctis-001-BTC-proof-Binary-Eagle-2014-silver
It's cheaper here - 77,90€,


but Topworldcoins.com is official shop and i assume they will ship out first.

[fvs114]

Coins will be available after December 15th 

[kimosan]

Looking forward to seeing one of these in the wild. I'd like to see how that artwork looks on the actual coin.

[ct1aic]

I bought last week, at eBay, from Spain, a Sol Noctis The Binary Eagle and already received it.

I tried to validate the public key 13SUhXbErJHsVQse11YGLt48njASvowt and I only get a  info that it's a invalid Bitcoin Address.

The seller's page is: http://www.ebay.com/itm/171532912010?_trksid=p2060353.m2749.l2649&ssPageName=STRK%3AMEBIDX%3AIT

Is it a fake coin? I already contacted SolNoctis.com and I'm waiting for a answer. Meanwhile, can anyone help me?

[TookDk]

If you type in the short code "13SUhXbE" in blockr.io then will you get this up:

http://btc.blockr.io/address/info/13SUhXbErJHsVQse11YGLt48njASvowtjV

This cannot be a coincidence.

Funded with exact 0.01 BTC at 2015-02-10 00:50:25

So I believe that the engraving is missing "jV" in the end.

I don't want to comment on why the engraving is missing two digits...

[bithalo]

I you type in the short code "13SUhXbE" in blockr.io I get this up:

http://btc.blockr.io/address/info/13SUhXbErJHsVQse11YGLt48njASvowtjV

This cannot be a coincidence.

Funded with exact 0.01 BTC at 2015-02-10 00:50:25

So I believe that the engraving is missing "jV" in the end.

I don't want to comment on why the engraving is missing two digits...

I can confirm that these are missing the last few letters/numbers at the end.  Same thing happened to me.  I wrote to the maker about it on day one they came out, and they completely disregarded what I said.

BTW...its not fake.

[ct1aic]

Hi, TookDk. Many thanks for your kind help. I was seeking the site to get the whole code using the 8 first digits but couldn't find it.

Yes, It must be not a coincidence. There must be a error of printing or something missing when sending the coin )the full 34 digits of the address in a paper), as the example images at their site have also 4 x 8 = 32 digits and not 34.

Let's wait for the answer from the http://eagle.solnoctis.com/ site.


bithalo, Thanks for your comments. Indeed, it must be a error with some/all coins.

[snarlpill]

Awesome pictures ct1aic! Those look really nice up close, great details. I think it's a pity that the last characters of each Bitcoin address weren't engraved for whatever reason, but as Took pointed out at least you can use the First bits to find the address. And it's only 0.01 BTC, so I think that's a smaller problem maybe than if they were funded with a whole Bitcoin and the address was wrong. I still want one of these for my collection ever since I randomly came across it in an eBay search for "physical Bitcoins" a while back.

Interesting side note for this coin also: APMEX, which is a very large coin/bullion dealer in the US, has this coin available for sale here. That may not seem like a big deal, but APMEX is a Huge, well-known company, and I'm pretty damn sure that is the first physical Bitcoin they've ever sold! This could lead to even more cross exposure between buyers of gold & silver coins and physical Bitcoins/digital Bitcoin.

Also, I am pretty sure this is the first physical Bitcoin coming out of Poland! Physical BTC coins are definitely a worldwide movement.

[ct1aic]

Hi, my great friend snarlpill.

The coin is lovely and don't forget that it's a 1oz of .999 silver. That's better than the 0.01BTC... The only coin I like more than this one is the 1oz silver Casascius 1BTC. Not for the design and hologram, but because the history it represents, as being the first "family" of physical BTC.

I do recommend that you buy one of these Digital Eagles. You can find several @ eBay.

[Fortify]

It's a brilliant looking coin, but doesn't anyone else think the going price of 80 euro is a bit excessive? 0.01 is worth what.. $2.50 and the silver content itself is worth less than $20? I get the whole bitcent thing but 0.10 would have been more appropriate?

[OgNasty]

Interesting side note for this coin also: APMEX, which is a very large coin/bullion dealer in the US, has this coin available for sale here.

Wow.  That is a huge deal.  I might actually buy one from APMEX just to support their decision to begin selling physical Bitcoins.  I thought selling them pre-loaded was illegal and what got Casascius shut down.  Very interested to see how APMEX handles this.

[kimosan]

Nice, those things really do look great. Thank you for posting the pictures ct1aic.

They do seem a bit overpriced for an 'unknown' designer.. unless we factor in the future $1mil per BTC.   $10K would work.

[snarlpill]

It's a brilliant looking coin, but doesn't anyone else think the going price of 80 euro is a bit excessive? 0.01 is worth what.. $2.50 and the silver content itself is worth less than $20? I get the whole bitcent thing but 0.10 would have been more appropriate?

Well, first off you can find them for around $80 USD, which is cheaper than 80 euro. The high price tag compared to its precious metal content and Bitcoin value is due to several reasons:

-The coin has a total mintage of only 2009 coins. Low mintage coin runs like that cost Much more to mint than typical runs of bullion rounds where 500,000+ coins are minted.
-The costs to design the artwork for the coin, and to manufacture the 2 dies needed to mint it are factored in.
-The costs for the 2009 ounces of Silver, and the total 20.09 Bitcoins funded within all of the coins.
-The costs to design and manufacture the custom, tamper-evident security hologram are factored in.
-This coin is a Proof coin, which adds to the costs. Compared to standard "business" strikes, Proof-struck coins take a lot more time and effort to manufacture, and usually after each single coin is struck, the 2 dies are hand-polished to assure its Proof quality isn't flawed.
-Then there is the time needed to securely generate the private keys and assemble each coin with its hologram.
-Also it comes with a COA and custom case I believe, which adds to the costs.
-Lastly, on top of all of that some must be added onto the costs so that a profit can be made, and the manufacturer didn't do all this work for nothing.

Sorry for getting a bit wordy and off-topic there, but I just wanted to try and explain why sometimes coins like these are priced higher than what people think they should be. This was also discussed recently in the Silver Wallets thread and explained by Blazedout419 nicely: https://bitcointalk.org/index.php?topic=983211.msg10835977#msg10835977

Hi, my great friend snarlpill.

The coin is lovely and don't forget that it's a 1oz of .999 silver. That's better than the 0.01BTC... The only coin I like more than this one is the 1oz silver Casascius 1BTC. Not for the design and hologram, but because the history it represents, as being the first "family" of physical BTC.

I do recommend that you buy one of these Digital Eagles. You can find several @ eBay.

Yes, I definitely agree that .999 Silver physical Bitcoins are some of my favorites! Plus they combine Silver and Bitcoin, 2 of my favorite things and 2 separate but equally important stores of wealth and forms of currency! Plus, coins struck in pure silver just have such beauty and luster/shine to them, specially with a Proof minting.
Thanks for the link friend, will definitely have to add one of those to my "Watch List" so I can remember to buy one when I am able to.

[ct1aic]

Well written, snarlpill.

I also love those Silver Wallets, but I can't afford to buy one @ the States, as surely they will go visiting the Portuguese Customs. Right now, I have 2 coins in the Customs and 2 Cascasius coins are almost there...

It's a brilliant looking coin, but doesn't anyone else think the going price of 80 euro is a bit excessive? 0.01 is worth what.. $2.50 and the silver content itself is worth less than $20? I get the whole bitcent thing but 0.10 would have been more appropriate?

Well, first off you can find them for around $80 USD, which is cheaper than 80 euro. The high price tag compared to its precious metal content and Bitcoin value is due to several reasons:

-The coin has a total mintage of only 2009 coins. Low mintage coin runs like that cost Much more to mint than typical runs of bullion rounds where 500,000+ coins are minted.
-The costs to design the artwork for the coin, and to manufacture the 2 dies needed to mint it are factored in.
-The costs for the 2009 ounces of Silver, and the total 20.09 Bitcoins funded within all of the coins.
-The costs to design and manufacture the custom, tamper-evident security hologram are factored in.
-This coin is a Proof coin, which adds to the costs. Compared to standard "business" strikes, Proof-struck coins take a lot more time and effort to manufacture, and usually after each single coin is struck, the 2 dies are hand-polished to assure its Proof quality isn't flawed.
-Then there is the time needed to securely generate the private keys and assemble each coin with its hologram.
-Also it comes with a COA and custom case I believe, which adds to the costs.
-Lastly, on top of all of that some must be added onto the costs so that a profit can be made, and the manufacturer didn't do all this work for nothing.

Sorry for getting a bit wordy and off-topic there, but I just wanted to try and explain why sometimes coins like these are priced higher than what people think they should be. This was also discussed recently in the Silver Wallets thread and explained by Blazedout419 nicely: https://bitcointalk.org/index.php?topic=983211.msg10835977#msg10835977