Author

Topic: [AUCTION] Lowest Serials, BTCC Mint Half Bitcoin in Titanium (Read 2457 times)

legendary
Activity: 3206
Merit: 3596
Oh man.... missed out Sad

Guess I have to wait until next time......
sr. member
Activity: 485
Merit: 294
Oh man.... missed out Sad

Guess I have to wait until next time......

You still have about 13 hours to participate in our photo contest to win a One Bitcoin coin, though! View this thread for more information.
copper member
Activity: 686
Merit: 603
Electricity is really just organized lightning
Oh man.... missed out Sad

Guess I have to wait until next time......

I guess so...

I wonder, is it possible to trade in our higher serial numbers bought on the first day of release for the lower ones that are unsold in this auction?
sr. member
Activity: 485
Merit: 294
The auction is finished. Thank you to everyone who participated. We will post shipping and payment details here shortly.
sr. member
Activity: 485
Merit: 294
The auction ends soon! Have you placed your bid?
sr. member
Activity: 485
Merit: 294
I'll place a total of 9 bids at .65 each.  I already have 3 bids on 11,12 and 13, so the next 6 bids are for the next lowest numbers:
T00014   
T00015   
T00017   
T00021   
T00023   
T00024   
If I'm outbid on any of these 9 slots, just move my bid for the next lowest open slot at no more than .65 and no more than a total of 9 bids.  I will be away for the end of auction so I won't watch it then.  If there are no more spots open at .65 then I don't bid and my up to 9 slots get reduced accordingly.
Thank you!

Will do!  Wink Wink Wink
full member
Activity: 248
Merit: 100
I'm not real
I'll place a total of 9 bids at .65 each.  I already have 3 bids on 11,12 and 13, so the next 6 bids are for the next lowest numbers:
T00014   
T00015   
T00017   
T00021   
T00023   
T00024   
If I'm outbid on any of these 9 slots, just move my bid for the next lowest open slot at no more than .65 and no more than a total of 9 bids.  I will be away for the end of auction so I won't watch it then.  If there are no more spots open at .65 then I don't bid and my up to 9 slots get reduced accordingly.
Thank you!
legendary
Activity: 1554
Merit: 1000
Only a day left; bid now!  Wink Wink Wink
No more plankton left!   Tongue      http://www.otoh.com/
sr. member
Activity: 485
Merit: 294
Only three more days left!!! Bid now Grin Grin Grin
legendary
Activity: 3752
Merit: 1415
T00001   - 0.75
T00003   - 0.70
T00004   - 0.70
T00005   - 0.70
T00006   - 0.70
T00007   - 0.75
T00008   - 0.70
T00009   - 0.70
T00010   - 0.70



.......sigh
donator
Activity: 3108
Merit: 1166
T00001   - 0.75
T00003   - 0.70
T00004   - 0.70
T00005   - 0.70
T00006   - 0.70
T00007   - 0.75
T00008   - 0.70
T00009   - 0.70
T00010   - 0.70

copper member
Activity: 686
Merit: 603
Electricity is really just organized lightning


Hi, thank you for posting a photograph of your coin. We inspect all coins before they are sent out to ensure their quality. At the same time, though, a few scuffs, nicks, hairline scratches or other minor flaws might be visible on the surface of your coins.


Your correct, the otherside - same coin - also got a scratch.
How much worse need it to become before it wont pass inspection ?  This coin also got a dark spot.

It worries me to bid on a coin that will be in the same condition.




I ordered this coin as part of several, for some users of this forum. I did not check every individual coin before sending them on, I just packaged them up and sent them on their way. klaaas informed me of this defective coin when he received it. To be honest, I would not have been happy receiving this coin either, it is obviously defective and should not have passed quality control.

I actually refunded klaaas 0.05 BTC out of my own pocket for this, in effect giving him a premium free coin. I asked BTCC for a refund of the premium or a discount code for this specific coin, and have not received either of those, though I was told I would at least get a discount code. I find this to be poor customer service that I have received neither of these things.

There are some issues that have been raised already, such as the fact that users that bought these coins from you on the first day of release hoping for low serial numbers.. This obviously did not happen - you chose to keep back these low numbers for this auction without informing us of this. This is pretty poor on your part, BTCC.
I also had to wait in excess of 3 weeks for a refund for over-charged shipping, and had to chase this up a few times before receiving it. I am also now 0.05 BTC out of pocket because I chose to be the "good guy", and refund a user the premium for a damaged coin. Sending just one coin back for replacement, when the premium is so low, is just not cost effective. The least you could do is supply me with a discount code for future use.

Anyway, good luck with the auction.

Thanks
BG4
legendary
Activity: 1006
Merit: 1024
PaperSafe
Is there no indication of the coin serial number other than under the hologram? The only problem I see with this is that the coin won't be able to be sold as a premium collectors item once peeled seeing as that there'll be no indication of the coin actually being coin T1. The only way this coin can then retain its value/premium of being T1 is if it remains intact.

That is the whole point of this experiment....
legendary
Activity: 3192
Merit: 1348
Is there no indication of the coin serial number other than under the hologram? The only problem I see with this is that the coin won't be able to be sold as a premium collectors item once peeled seeing as that there'll be no indication of the coin actually being coin T1. The only way this coin can then retain its value/premium of being T1 is if it remains intact.
sr. member
Activity: 485
Merit: 294
Just four more days to go! Happy bidding!
legendary
Activity: 1722
Merit: 1000
Was wanting to know if you would consider auctioning off the damaged coins. If so are they loadable? Just incase I'll bid T2 .65

T2 is not in the list means is not available to be bid on.
member
Activity: 177
Merit: 12
Was wanting to know if you would consider auctioning off the damaged coins. If so are they loadable? Just incase I'll bid T2 .65
sr. member
Activity: 296
Merit: 250


Hi, thank you for posting a photograph of your coin. We inspect all coins before they are sent out to ensure their quality. At the same time, though, a few scuffs, nicks, hairline scratches or other minor flaws might be visible on the surface of your coins.


Your correct, the otherside - same coin - also got a scratch.
How much worse need it to become before it wont pass inspection ?  This coin also got a dark spot.

It worries me to bid on a coin that will be in the same condition.



Looks like inspection failure.  You should replace the coin BTCC especially with a crack in the coin like the picture above.
hero member
Activity: 1568
Merit: 544


Hi, thank you for posting a photograph of your coin. We inspect all coins before they are sent out to ensure their quality. At the same time, though, a few scuffs, nicks, hairline scratches or other minor flaws might be visible on the surface of your coins.


Your correct, the otherside - same coin - also got a scratch.
How much worse need it to become before it wont pass inspection ?  This coin also got a dark spot.

It worries me to bid on a coin that will be in the same condition.



sr. member
Activity: 485
Merit: 294
Quote
(re-post more of your own Half Bitcoins!)

How is your inspection before you send out coins ?


Hi, thank you for posting a photograph of your coin. We inspect all coins before they are sent out to ensure their quality. At the same time, though, a few scuffs, nicks, hairline scratches or other minor flaws might be visible on the surface of your coins. These result from the process of making titanium coins. Titanium is the hardest naturally occurring metal, so striking titanium coins it is very difficult and imperfections cannot be avoided. Please visit our FAQ for more on this topic: https://mint.btcc.com/faq
hero member
Activity: 1568
Merit: 544
Quote
(re-post more of your own Half Bitcoins!)

How is your inspection before you send out coins ?

sr. member
Activity: 485
Merit: 294
Here are a couple of pictures of the auction coins, including the T0001!



legendary
Activity: 1722
Merit: 1000

Thank you for the feedback.  You have outlined your point very well, and I understand.

Sorry this didn't work out the way you wanted.  There was no intent to mislead anyone on purpose, but you're right that we could have done a better job in transparency.  We will work on improving that in the future.  (Please remember that on our sales, we didn't promise that early orders will get the lowest serial numbers.)

We will release more coins in the future, and we will have to balance in when we sell and fulfill orders, versus purposely taking inventory out to sell at auction, for collectors to get the coin number they want.

In fact, we see this as a service to this audience, to sell all of the lowest coins in auction.
If you're willing, you can order and pay for the coin number you like.

Alternately, we could have just not auctioned anything, and even kept inventory for ourselves.

Hope you understand that this is a balance, and though doing very well, we are still new to this business.
Thanks for your understanding, and thanks for writing up the good feedback.

thanks,
Bobby


I'm willing... can I get T00003?  Grin

Sorry, I should have said:
If you're willing, you can bid and pay for the coin number you like.

 Wink

thanks,
Bobby




Ok I'll wait until they get back in the store so they'll be cheaper. Wink
sr. member
Activity: 485
Merit: 294

Thank you for the feedback.  You have outlined your point very well, and I understand.

Sorry this didn't work out the way you wanted.  There was no intent to mislead anyone on purpose, but you're right that we could have done a better job in transparency.  We will work on improving that in the future.  (Please remember that on our sales, we didn't promise that early orders will get the lowest serial numbers.)

We will release more coins in the future, and we will have to balance in when we sell and fulfill orders, versus purposely taking inventory out to sell at auction, for collectors to get the coin number they want.

In fact, we see this as a service to this audience, to sell all of the lowest coins in auction.
If you're willing, you can order and pay for the coin number you like.

Alternately, we could have just not auctioned anything, and even kept inventory for ourselves.

Hope you understand that this is a balance, and though doing very well, we are still new to this business.
Thanks for your understanding, and thanks for writing up the good feedback.

thanks,
Bobby


I'm willing... can I get T00003?  Grin

Sorry, I should have said:
If you're willing, you can bid and pay for the coin number you like.

 Wink

thanks,
Bobby


full member
Activity: 248
Merit: 100
I'm not real
T00003   .65
T00004   .65
T00005   .65
T00009   .65
T00010   .65
T00011   .65
T00012   .65
T00013   .65
legendary
Activity: 1722
Merit: 1000

Thank you for the feedback.  You have outlined your point very well, and I understand.

Sorry this didn't work out the way you wanted.  There was no intent to mislead anyone on purpose, but you're right that we could have done a better job in transparency.  We will work on improving that in the future.  (Please remember that on our sales, we didn't promise that early orders will get the lowest serial numbers.)

We will release more coins in the future, and we will have to balance in when we sell and fulfill orders, versus purposely taking inventory out to sell at auction, for collectors to get the coin number they want.

In fact, we see this as a service to this audience, to sell all of the lowest coins in auction.
If you're willing, you can order and pay for the coin number you like.

Alternately, we could have just not auctioned anything, and even kept inventory for ourselves.

Hope you understand that this is a balance, and though doing very well, we are still new to this business.
Thanks for your understanding, and thanks for writing up the good feedback.

thanks,
Bobby


I'm willing... can I get T00003?  Grin
sr. member
Activity: 485
Merit: 294
I have to say this is a little cheeky as many people rushed to order from the website (including me) expecting coin numbers will be filled on a first come first served basis starting from the lower and instead they were kept (without mention) for a later Auction. The way I see it is: tell people we got a new coin released. Get people to buy as soon as they launch on the website/group buy orders (because you knew that would happen).
Then when sales slow down get their interest back with 85 low numbered coins.

Not ideal, and in terms of trust toward a company... Not good either.

Sad to see this, feel like I was taken for a ride. And the price of lower numbered coins is higher at 0.65 or 0.71 with FedEx, at least make the starting price the same as the website?

What should we do next time you release a new coin? Hold on until you guys decide to make an auction? Check with fellow collectors which numbers they got ordering from the website and wait accordingly if no low numbers are released?

May attract a few extra sales now but you may have lost the trust of many collectors on here for future releases.

I do like your coins, don't get me wrong, just you guys don't do yourselves any favours by selling this way.
Hope you manage to sell all your coins. I suggest in the future let people know when you release a new coin that lower numbers will be reserved for an auction.

Denarium does that, and many other coin manufacturers do too. First 10 coins are reserved for an auction, everyone knows they'll attract more interest. Just say it.
It's just fair and transparent and people knows beforehand what they are getting.
 

Thank you for the feedback.  You have outlined your point very well, and I understand.

Sorry this didn't work out the way you wanted.  There was no intent to mislead anyone on purpose, but you're right that we could have done a better job in transparency.  We will work on improving that in the future.  (Please remember that on our sales, we didn't promise that early orders will get the lowest serial numbers.)

We will release more coins in the future, and we will have to balance in when we sell and fulfill orders, versus purposely taking inventory out to sell at auction, for collectors to get the coin number they want.

In fact, we see this as a service to this audience, to sell all of the lowest coins in auction.
If you're willing, you can order and pay for the coin number you like.

Alternately, we could have just not auctioned anything, and even kept inventory for ourselves.

Hope you understand that this is a balance, and though doing very well, we are still new to this business.
Thanks for your understanding, and thanks for writing up the good feedback.

thanks,
Bobby


legendary
Activity: 1722
Merit: 1000
I have to say this is a little cheeky as many people rushed to order from the website (including me) expecting coin numbers will be filled on a first come first served basis starting from the lower and instead they were kept (without mention) for a later Auction. The way I see it is: tell people we got a new coin released. Get people to buy as soon as they launch on the website/group buy orders (because you knew that would happen).
Then when sales slow down get their interest back with 85 low numbered coins.

Not ideal, and in terms of trust toward a company... Not good either.

Sad to see this, feel like I was taken for a ride. And the price of lower numbered coins is higher at 0.65 or 0.71 with FedEx, at least make the starting price the same as the website?

What should we do next time you release a new coin? Hold on until you guys decide to make an auction? Check with fellow collectors which numbers they got ordering from the website and wait accordingly if no low numbers are released?

May attract a few extra sales now but you may have lost the trust of many collectors on here for future releases.

I do like your coins, don't get me wrong, just you guys don't do yourselves any favours by selling this way.
Hope you manage to sell all your coins. I suggest in the future let people know when you release a new coin that lower numbers will be reserved for an auction.

Denarium does that, and many other coin manufacturers do too. First 10 coins are reserved for an auction, everyone knows they'll attract more interest. Just say it.
It's just fair and transparent and people knows beforehand what they are getting.




 
sr. member
Activity: 296
Merit: 250
Would've loved to pick one of these lower numbered coins up...  If it was known BEFORE the group buy.   Roll Eyes Undecided Angry
sr. member
Activity: 485
Merit: 294
Sorry if I missed this, but are the serial numbers actually engraved onto the coin?


Hi, the serial numbers are printed on a polyester slip that is attached to the back of the coin using a tamper-evident hologram sticker. Please look at the pictures above to see what the coins look like. The serial numbers above are for X00* coins, which are coins that we specially made for marketing purposes. Half Bitcoins for sale start with T***.
hero member
Activity: 912
Merit: 1021
If you don’t believe, why are you here?
hero member
Activity: 679
Merit: 526
How is shipping to US winners being handled??

thanks


Auction winners will receive their coins at their designated shipping address.   Smiley

If you are able to send coins directly to US winners, I would imagine you need to be sending refunds to any US customer who has ordered a coin from you via a group buy, thus having to pay higher fees and shipping costs.

I agree.

I don't agree.  We are all adults who assessed the situation an made the decision to proceed and pay more, there were no hidden costs.  Take responsibility for your decisions.
full member
Activity: 238
Merit: 100
How is shipping to US winners being handled??

thanks


Auction winners will receive their coins at their designated shipping address.   Smiley

If you are able to send coins directly to US winners, I would imagine you need to be sending refunds to any US customer who has ordered a coin from you via a group buy, thus having to pay higher fees and shipping costs.

I agree.
full member
Activity: 238
Merit: 100
Sorry if I missed this, but are the serial numbers actually engraved onto the coin?


I'd like to know this as well.
hero member
Activity: 679
Merit: 526
legendary
Activity: 1736
Merit: 1029
Sorry if I missed this, but are the serial numbers actually engraved onto the coin?
legendary
Activity: 3752
Merit: 1415
T1-  .7btc
legendary
Activity: 2128
Merit: 1119
I love the look of your coins.  I wish I had known you were auctioning lower numbers off...just ordered a bunch of these last week!
sr. member
Activity: 485
Merit: 294
some official photos:

(re-post more of your own Half Bitcoins!)








donator
Activity: 2352
Merit: 1060
between a rock and a block!
.65for#8,#88
sr. member
Activity: 485
Merit: 294
How is shipping to US winners being handled??

thanks


Auction winners will receive their coins at their designated shipping address.   Smiley
legendary
Activity: 2433
Merit: 1642
T1  0.65

Viz
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
I like these very much and will keep my eye on the bids coming in.

It will be interesting to see how much T1 goes for. 
sr. member
Activity: 485
Merit: 294
You've been waiting for this!

We are holding auctions for our lowest serial number Half Bitcoins.  These are the first 85 of the recent new Half Bitcoins ever made, mined on September 27, 2016.

Serial number range: T00001 to T00099
Total coins being auctioned: 85 (Out of the first 100 serial numbers, 15 coins were damaged during the manufacturing process.)

Half Bitcoin details:
  • Bitcoin value: 0.50 BTC
  • Diameter: 39 mm
  • Thickness 3.25 mm
  • Weight: 16 grams
  • Material: Titanium

For more information, please see:

Auction terms:

- The auctions start now and end at 3:00 PM (UTC) on Thursday, October 27, 2016.

- The starting bid is 0.65 BTC.

- The bid increment is 0.05 BTC.

- For your bid, please specify BOTH: (1) the serial number you want, and (2) your bid amount.

- Any unsold coins will go back to the store inventory for sale to the general public.

- The coins come in a premium oyster wove envelope.

- Payment is in bitcoin only. Payment details will be posted here in the OP after the auction finishes.

- No sniping! Every bid (on any coin) within 15 minutes of the end of the auctions, will exetend the full auction (of all 85 coins) for another 15 minutes.

- Winners will have 3 days (72 hours) to make payment.

- Shipping will take place once payment has been received.

- Free economy shipping is included. We will ship to you via China Post (Air), which takes up to two weeks to reach most destinations worldwide.

- Optional: Winners can choose to upgrade to FedEx Priority shipping, by paying an extra 0.06 BTC per coin.  This FedEx Priority shipping will reach most destinations within two days.


Good luck bidding!  Hope you win the coin # you want!

==========

End of Auction Update: Information for winners

For the winning bids by users Otoh, FakeAccount and CanaryInTheMine please send your payment to this address:
1Nhd5a2knhzY1qVmKi3kDYVdiR2cgqJPdG

Otoh and FakeAccount, make  one lump-sum payment, so that we can differentiate your payments.

Private message us your addresses and phone numbers so we can courier the coins to you, and inform us if you would like expedited shipping through FedEx. Default shipping is through China Post Air, which takes up to two weeks to reach most destinations worldwide.

==========



Latest bids, to be updated around once every 8 hours.

Last Updated: 1:29 AM (UTC) on Thursday, October 27, 2016

SerialHighest Bid, Bidder
T00001- 0.75, Otoh
T00003- 0.70, Otoh
T00004- 0.70, Otoh
T00005- 0.70, Otoh
T00006- 0.70, Otoh
T00007- 0.75, Otoh
T00008- 0.70, Otoh
T00009- 0.70, Otoh
T00010- 0.70, Otoh
T00011- 0.65, FakeAccount
T00012- 0.65, FakeAccount
T00013- 0.65, FakeAccount
T00014- 0.65, FakeAccount
T00015- 0.65, FakeAccount
T00017- 0.65, FakeAccount
T00021- 0.65, FakeAccount
T00023- 0.65, FakeAccount
T00024- 0.65, FakeAccount
T00025
T00026
T00027
T00028
T00029
T00030
T00031
T00032
T00033
T00034
T00035
T00036
T00037
T00038
T00039
T00040
T00041
T00042
T00043
T00044
T00045
T00046
T00047
T00048
T00050
T00051
T00052
T00053
T00054
T00056
T00057
T00058
T00059
T00061
T00063
T00065
T00066
T00067
T00068
T00069
T00070
T00071
T00072
T00073
T00074
T00075
T00076
T00077
T00078
T00080
T00081
T00082
T00084
T00086
T00087
T00088- 0.65, CanaryInTheMine
T00089
T00090
T00091
T00092
T00093
T00094
T00095
T00096
T00097
T00098
T00099


The above latest bids were updated through post number: 42
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