Topic: 1 gram .999 fine silver "bitcoin" rounds *********type 2*********** - page 9. (Read 56200 times)

Ok , in my case the .95p per gram you stated was £1.11p this last batch of 1000(ordering in batches of 3000 would reduce this a little) including the vat is £1.33 per round , the vat does I fear put me at a geographical disadvantage I'm afraid (which has been covered previously in the thread) , but I didnt let it put me off having a round produced , I'm making them available worldwide payable in bitcoin , not just to the uk.

The first batch of 1000 would have just covered the silver cost and die fees , had it not been for a couple of unfortunate incidents , one involving my bitcoin , the other due to not moving funds out of Britcoins exchange quickly enough and getting caught out with the bitcoin price drop a couple of weeks ago. 

oh, well i didnt coint tax and other fees

I think you would if its a legal tender coin but not if its just a silver round. I could be wrong tho

I'm going to look Into further sizes , and the possibility of gold , as I say it's the minimum mintage , Ive previously made enquiries about a 1/4 oz silver round which would be approximately 1 inch in diameter , the minimum mintage is 500 or 120oz heading up towards £5000.00 .

Counter marking , that i hadn't thought of , I wouldn't get into hot water defacing legal tender so to speak, something like this 

Emm ok sticking with the cheap acid test it is then .

few drops if it goes creamy its 90%+ silver if it does something else its not. I like keeping things simple for me

what about coutermarked coins? overstrike of existing coins would be cheap and had no minimum mintage
... and you could overstrike any size (1/4 oz, 1 oz)

and the fun. wouldn't it be nice to have the liberty walking towards the shining bitcoin? or the eagle holding a bitcoin in each claw. lots of space for countermarks on coins.

Mick,

Just sent you an e-mail to reserve at least 50 for me, possibly 100 from the '2nd mined block'.

Also, if you do any larger rounds than 1 gram silvers, (1/2 oz., etc), I'm definitely interested! -- Same goes for any Gold rounds you may or may not decide to do

Cheers,
Kermee

i'd be more worried about the size then. gold almost 2 times heavier, they would be thinner and smaller if we talk about 1g.
if the weight could be more, let's make them at least 1.55 gram, the diameter could be the same and only have them thinner (not the same volume). dies could be reused (hope so) so the premium could be a hair less % than for silver coins. if the company does also gold coins : )

nay, only cheap kits around. there's an elegant method involving acids, that would separate silver from copper and other base metals and results in silver powder that you can weight. it depends on your skills and tools (precise scales, working methods)
downside is that destroys the coins (or what ever you dissolved) and has some toxic gases as byproduct (to be done rather on balcony or garden then in a cellar). the pH of the waste solution can be easily neutralized and the waste is safe enough to be disposed at a communal recycling facility without alarming the firefighters and police. the base metals can be also recycled from the solution. i don't have the equipment to trustworthy essay the coin (could be 101 % if some dirt makes into the dish with final powder ). mick mentioned the manufacturer, i believe they have a kind of quality control in place and guarantee the silver content

Hi echo2 , if you could give me details of where I can get 1 gram silver rounds here in the uk for .95p each . Does that price include our uk 20% tax on silver bullion , I would be very very  interested .

im bored and have bitcoins sell me a coin of something you still have eagles ? or got anything else nice ?

Yeah, gold has higher density than silver, so for the same weight, it would be smaller.
What about 4 grams?

Absolutely !! It would a great addition , the only issue is minimum mintage as these would be struck at a mint rather than myself , I'm not clear on what that mintage is as yet on a 1 gram gold round but the outlay would be substantial . I was toying with the idea of a quarter gram gold round but this would probably be 5-6mm  which would nearly require a microscope 

sooo you buy 1g of silver @ £0.95/g print it with dies front and back each around £75 usually prints 3000 coins
nice $$$$ technique

Well, just saying it should be an option 

  in theory a 1 gram gold bitcoin would be £50.00+ die fees 

Great!!

And a side question, how much would those cost, if it's in pure gold?

Well done ! Thanks for doing that, at least it's an indication of purity , hopefully a more accurate result is possible at some point , I'll send a couple extra as I said when I've got the next lot, hopefully a week or two tops.

..... Im working on a site that accepts bitcoin (only) for bullion, bitcoinAg.co.uk  , Where I'm hoping these silver bitcoins and larger ones will be available, it not live yet , just a work in progress.

About 250 of the 1000 have been reserved from the next lot , which will be dependent on people accepting the quote once they receive it .

As the silver price is on th Move , There's a distinct possibility that the next batch will be 5-7p more than the first lot ,

................I've just been emailed an image of the next batch just this second , I think even though the image isn't as clear that the couple of changes have made a big difference, what does everyone think? , Just waiting for a reply on when there shipping .

Damm What's this thread doing on page 3.

Anyway Found my test kit and burst the bottle after standing on it whoops. Anyway after making a mess on my floor I can say these coins are high grade silver.

I did not have a doubt anyway regarding the quality of the metal.

EDIT it was a cheap test kit I used and showed 90 to 100% silver due to the colour of the liquid. So if anyone knows of a better test kit let me know as I need one for my ebay buys

so anyway Mick sell me something

  it's a dirty job but someones got to do it 

amazing, you mine 20x more bitcoins per block and w/o a powerful GPU
i think i'll order some more : )))