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Topic: 1 gram .999 fine silver "bitcoin" rounds *********type 2*********** - page 10. (Read 56197 times)

legendary
Activity: 1096
Merit: 1067
I'm hopeful the next block Cheesy will be with me in about 3-4 weeks , I'll post when i have a tracking number , and will probably be listing them a few days after that . 
sr. member
Activity: 464
Merit: 250
Mick. Don't know if you answered this already. But how long before the second block is mined (sorry wanted to keep it with the bitcoin theme Smiley )

is it the same 6 to 8 weeks from the last lot ?
member
Activity: 147
Merit: 11
The day to rise has come.
PM me!
I will be at the office tomorrow and might be able to send rightaway.

I am sorry, thirdlight already made a deal with me.

I will be sure to contact you when/if i need more  Smiley
legendary
Activity: 2058
Merit: 1005
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I will pay 1BTC for one coin of those, shipped to Egypt  Cool Grin

PM me!
I will be at the office tomorrow and might be able to send rightaway.
member
Activity: 147
Merit: 11
The day to rise has come.
I will pay 1BTC for one coin of those, shipped to Egypt  Cool Grin
full member
Activity: 238
Merit: 100
kgo - good point !

Zerokwel -   Grin

2weix - glad to hear they arrived , the die makers agreed to make fresh dies at no charge , if there had of being a cost , I would have been happy to keep them as they are . Maybe there might be someone who would like to buy 50 from you?

Jbdive - if anybody who has the silver rounds , has a way of accurately testing the rounds for purity. I will offer a few free rounds from the next batch to cover chemical tester costs (wiithin reason). I know there .999 fine silver but a post regarding this from a respected member can only be a positive thing in view of the recent issues with scams and dishonest practices etc .

Naypalm : thanks for posting there arrival  Cheesy   



Certainly not suggesting you are scamming anyone but any type of certificate from a known source or a trusted minter can only add value. The only thing that's kept me from buying silver in bulk from various sources vs. strictly minted US coins is with US coins you can trade outright vs. having to have silver rounds assayed. Ditto for gold.

Case in point I have a 2002 and 2003 American Silver Eagle, Uncirculated Dollars. These are 99.93% Silver. Bought for the overpriced value of $12 each, now worth $50+ or $40 in melt value. Typically with US coins, some foreign ones as well such as Krugerrands, there is no need to have an assay or certificate when trading. If selling for melt it would depend on who you traded with but unless silver explodes in pricing there will remain more valuable as coins than as silver melt. On the flip side I have silver coins in bulk that would be traded for their simple melt value and not as a 1959 dime for example, kind of sad actually.

Have you considered using a known mint and doing bars with a certificate?

sr. member
Activity: 404
Merit: 250
I might have a test kit sitting around from ebay silver buys (I don't trust ebay). Will dig it out as I moved house and its packed somewhere. The coins sound right for being silver (if you know what I mean) they have a different sound than normal coins. (don't worry about the extra coins)


Yes, this is why I generally only bought US Currency on there, normally not in pristine condition. I do not trust the really sterling looking rounds on ebay AT ALL
sr. member
Activity: 464
Merit: 250
I might have a test kit sitting around from ebay silver buys (I don't trust ebay). Will dig it out as I moved house and its packed somewhere. The coins sound right for being silver (if you know what I mean) they have a different sound than normal coins. (don't worry about the extra coins)
legendary
Activity: 1096
Merit: 1067
kgo - good point !

Zerokwel -   Grin

2weix - glad to hear they arrived , the die makers agreed to make fresh dies at no charge , if there had of being a cost , I would have been happy to keep them as they are . Maybe there might be someone who would like to buy 50 from you?

Jbdive - if anybody who has the silver rounds , has a way of accurately testing the rounds for purity. I will offer a few free rounds from the next batch to cover chemical tester costs (wiithin reason). I know there .999 fine silver but a post regarding this from a respected member can only be a positive thing in view of the recent issues with scams and dishonest practices etc .

Naypalm : thanks for posting there arrival  Cheesy   

legendary
Activity: 1272
Merit: 1012
howdy
I just received mine via sirky and these are AWESOME. I was surprised by how small they are, but then again they are just a gram! The detail is fantastic! I can't wait for the next batch!
full member
Activity: 238
Merit: 100
I quite agree that a 1 gram round wouldn't be the product to build a core position in silver , also as these are shipped from the uk , they have also being subject to 20% v.a.t. which we pay across the board over here on our silver bullion  Angry
By way of a comparison Monarch precious metal in the US produce a 1gram round , admittedly this appears to be hand rolled hand stamped etc. http://www.monarchpreciousmetals.com/.

There pricing is -
Quantity   Price
1 - 249   $2.83 (£1.72)
250 - 749   $2.51 (£1.53)
750 - 9999   $2.19 (£1.33)

As the rounds are designated with weight and purity, they could be considered investment grade  , each round has metal value + premium , the metal value may rise or fall depending on the Market , the premium in effect is paid for when you buy and is passed on when you sell , as the price of silver rises the the premium portion will look less apparent. it could be classified as jewellery perhaps if it were drilled and hung on a chain ( I did design the text on the round to allow for a small hole to be drilled avoiding the text on both sides)

Im in general agreement with the view of the post above , I hope that this 1 gram silver round acts as an introduction to silver for somebody who up to this point is unfamiliar with the idea of storing away bullion  , which may prompt that person to begin a collection.
And to anyone who already has there core position in place , a 1 gram round could in the future, in a worse case senario of world economic meltdown , fiat money implosion , be a very handy tradable size .



Don't forget that there is some just reasoning for a premium on price. If your buying these with BTC which were mined on your own rig then you know the cost of those BTC and it's not likely the current BTC price so say your cost is $4/BTC and the going rate is $9BTC your already to the good. Second your transferring those BTC more or less anonymously to a third party in another nation who is converting those bits of data into a solid physical item which you can then resell. Lastly you can sell that silver and unless your doing it in bulk to can do it just like the rest of this entire transaction, under the radar. There is some value in anonymity.

Has anyone had these coins appraised for purity and weight?
legendary
Activity: 2058
Merit: 1005
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my 100 rounds arrived today.
looking marvellous.
each round packaged individually!

had i known there'd be another batch, I would've opted for 50/50.

sr. member
Activity: 464
Merit: 250
yea I think its fantastic that the first "block" of silver coins are different from the second lot.

Damm but now I will end up buying some of the second lot.. DAMM YOU MICK  Cheesy Cheesy


kgo
hero member
Activity: 548
Merit: 500
this does not mean batch 1 were in error rather they were a Mark 1 , with a run of 1000 , with the next being Mark 2 , run?.........


I don't care if it's an error or not.  I actually think it's a good thing that I can now prove I have a batch from the first 1000!
legendary
Activity: 1096
Merit: 1067

Above is a very close up image of one of the rounds from the 1st batch of 1000
The image below is my original artwork
The red and blue areas are where the die makers deviated from the design . The second batch should have the area marked in blue removed and the area in red included . The die will also be given a mirror polish which will be reflected on the rounds surface (unlike batch 1), which in turn should make the "B" stand out more. . I will post fresh pictures of the next batch when they arrive. I was keen for the die makers to make new dies for the next batch , this does not mean batch 1 were in error rather they were a Mark 1 , with a run of 1000 , with the next being Mark 2 , run?.........
I have made enquiries about a 1/4oz silver round , sizing on those would be approximately 1 inch , minimum production run is 500 , (125oz total) this would require an approximate outlay of over £4000 or $6500.

sr. member
Activity: 404
Merit: 250
If anyone wants to see a few more pictures, or is interested in purchasing a number less than 10 in the United States, please check out my thread here: https://bitcointalksearch.org/topic/fs-1-gram-999-silver-bitcoin-rounds-35778

And if you want to buy 10 or more, I suggest you go to Mick. These rounds really are very beautiful!

Kyle
full member
Activity: 154
Merit: 100
Another picture...

On a business trip this week.  Thought I'd take two of them with me.



Cheers,
Kermee
full member
Activity: 126
Merit: 100
Oops, right -- I got the wrong ounce in the calculations.  :-)  However, the right ounce actually makes the silver bitcoins a bit worse as an investment.  

I didn't check prices on silver by the gram as actually available from dealers, but I did check the prices of coins as available from dealers and delivered to you.  (In other words, you own not pieces of paper saying that you own them, but the objects themselves.)  So at least at the 1 oz level, the premiums on individual coins are not all that steep.  They probably would be steeper for smaller purchases, however.

At any rate, that was a good exercise in using a spreadsheet, something I don't do as often as I probably might. Wink
legendary
Activity: 1096
Merit: 1067
I quite agree that a 1 gram round wouldn't be the product to build a core position in silver , also as these are shipped from the uk , they have also being subject to 20% v.a.t. which we pay across the board over here on our silver bullion  Angry
By way of a comparison Monarch precious metal in the US produce a 1gram round , admittedly this appears to be hand rolled hand stamped etc. http://www.monarchpreciousmetals.com/.

There pricing is -
Quantity   Price
1 - 249   $2.83 (£1.72)
250 - 749   $2.51 (£1.53)
750 - 9999   $2.19 (£1.33)

As the rounds are designated with weight and purity, they could be considered investment grade  , each round has metal value + premium , the metal value may rise or fall depending on the Market , the premium in effect is paid for when you buy and is passed on when you sell , as the price of silver rises the the premium portion will look less apparent. it could be classified as jewellery perhaps if it were drilled and hung on a chain ( I did design the text on the round to allow for a small hole to be drilled avoiding the text on both sides)

Im in general agreement with the view of the post above , I hope that this 1 gram silver round acts as an introduction to silver for somebody who up to this point is unfamiliar with the idea of storing away bullion  , which may prompt that person to begin a collection.
And to anyone who already has there core position in place , a 1 gram round could in the future, in a worse case senario of world economic meltdown , fiat money implosion , be a very handy tradable size .

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