Okay, okay... 5 ounce Bitcoin Bar project is under funding stage!
https://bitcointalksearch.org/topic/cancelled-pre-order-5oz-999-fine-silver-bitcoin-bar-1043188
Topic: Gauging demand for next line(s) of physical coins - please vote! (Read 1136 times)
April 29, 2015, 09:17:41 PM
5oz with gilt BTC and some other gilt bits might look really good depending on design.
April 29, 2015, 07:17:54 PM
Voted on Bitcoin bars...coins are all over the place, but bars are not.
April 29, 2015, 06:41:14 PM
I'm fine either way. I do like the limited runs of 25 and I would like the bar to look nice. Not sure how many ounces are needed for that Casascius bar look. I like Gold highlights on Silver personally. This could be a very special and unique piece that could prove popular.
April 29, 2015, 06:34:23 PM
More Bitcoin bars are needed if you ask me.. cassicius only made a few and not enoughg
April 29, 2015, 06:23:46 PM
Quote
How about if I name my first born "GATOR"...can I have #1?
lol, no
Quote
Seriously though, I'm in for one of these. Would it be a 5 oz solid silver Bitcoin bar? Maybe with a Gold Plated B? Hmmm?
Solid silver Bitcoin bar, yes. Gold plated B is doable of course but would probably add about $25 to the cost. Perhaps worth it?
Quote
What about a 2oz bar? That would be cheaper to make and would then allow you to create a slightly higher mintage. You could still ask for down payments but they'd not be anything near the $325 total as less silver is being used.
Good point, however a higher number minted would require more customers in order to complete the project. I think 50 customers at a lower cost (2 oz bar) may still be more difficult than 25 customers at the higher price (5 oz bar). Something to consider and open to feedback...
April 29, 2015, 04:15:10 PM
What about a 2oz bar? That would be cheaper to make and would then allow you to create a slightly higher mintage. You could still ask for down payments but they'd not be anything near the $325 total as less silver is being used.
April 29, 2015, 04:05:24 PM
Ok guys. I have dove a little deeper into this to determine more accurate pricing. I think 50 pieces will be too many and take too long to get commitments to proceed so am thinking more along the 25 piece range. This means it will be a bit more expensive per piece as there will be less minted to absorb the overhead cost but will allow for quicker project funding/progression and of course the pieces will be more rare.
As I crunch the numbers more, it looks like pricing for this smaller batch would be closer to $325 per piece + shipping and handling. Each would come with a custom stamped leatherette presentation case, plastic protective capsule and also a new hologram design. I am thinking of requiring $200 down per piece on pre-order with the balance of $125 plus shipping and handling due when product is ready to ship.
Also, before it comes up, I would reserve #1 for my son.
Let me know if there is interest and if it sounds like enough, I will get some designs put together and start a formal thread.
As I crunch the numbers more, it looks like pricing for this smaller batch would be closer to $325 per piece + shipping and handling. Each would come with a custom stamped leatherette presentation case, plastic protective capsule and also a new hologram design. I am thinking of requiring $200 down per piece on pre-order with the balance of $125 plus shipping and handling due when product is ready to ship.
Also, before it comes up, I would reserve #1 for my son.
Let me know if there is interest and if it sounds like enough, I will get some designs put together and start a formal thread.
How about if I name my first born "GATOR"...can I have #1?
Seriously though, I'm in for one of these. Would it be a 5 oz solid silver Bitcoin bar? Maybe with a Gold Plated B? Hmmm?
April 29, 2015, 03:57:28 PM
Ok guys. I have dove a little deeper into this to determine more accurate pricing. I think 50 pieces will be too many and take too long to get commitments to proceed so am thinking more along the 25 piece range. This means it will be a bit more expensive per piece as there will be less minted to absorb the overhead cost but will allow for quicker project funding/progression and of course the pieces will be more rare.
As I crunch the numbers more, it looks like pricing for this smaller batch would be closer to $325 per piece + shipping and handling. Each would come with a custom stamped leatherette presentation case, plastic protective capsule and also a new hologram design. I am thinking of requiring $200 down per piece on pre-order with the balance of $125 plus shipping and handling due when product is ready to ship.
Also, before it comes up, I would reserve #1 for my son.
Let me know if there is interest and if it sounds like enough, I will get some designs put together and start a formal thread.
As I crunch the numbers more, it looks like pricing for this smaller batch would be closer to $325 per piece + shipping and handling. Each would come with a custom stamped leatherette presentation case, plastic protective capsule and also a new hologram design. I am thinking of requiring $200 down per piece on pre-order with the balance of $125 plus shipping and handling due when product is ready to ship.
Also, before it comes up, I would reserve #1 for my son.
Let me know if there is interest and if it sounds like enough, I will get some designs put together and start a formal thread.
April 29, 2015, 03:27:32 PM
Not sure if you guys realize but running a small batch of 50 pure silver bars would be pretty expensive. The end price point for each would be around $250 for a 5 oz bar or $500 each for a 10 oz bar.
If this revelation didn't kill 99% of the interest in such a product I would be shocked - but this is why you do not see such a product in the market at this time. I am as always willing to do this but would have to go the preorder route as I would not be willing to devote this much capital into such a project - plus my wife would kill me lol.
If this revelation didn't kill 99% of the interest in such a product I would be shocked - but this is why you do not see such a product in the market at this time. I am as always willing to do this but would have to go the preorder route as I would not be willing to devote this much capital into such a project - plus my wife would kill me lol.
Well Ognasty is selling 5oz silver rounds for 400$ each. At 250$ for a 5oz bar, that still sounds like a reasonable deal.
Thats true. There were 20 or so preorders for the 5oz from Ognasty. These are priced at $400. So you may get some interest in a 5 oz or less solid silver bar. And if gilt plated for just the B as well....that would be great.
April 29, 2015, 03:26:54 PM
Voting for the Bitcoin bar... 
April 29, 2015, 03:13:12 PM
Not sure if you guys realize but running a small batch of 50 pure silver bars would be pretty expensive. The end price point for each would be around $250 for a 5 oz bar or $500 each for a 10 oz bar.
If this revelation didn't kill 99% of the interest in such a product I would be shocked - but this is why you do not see such a product in the market at this time. I am as always willing to do this but would have to go the preorder route as I would not be willing to devote this much capital into such a project - plus my wife would kill me lol.
If this revelation didn't kill 99% of the interest in such a product I would be shocked - but this is why you do not see such a product in the market at this time. I am as always willing to do this but would have to go the preorder route as I would not be willing to devote this much capital into such a project - plus my wife would kill me lol.
Well Ognasty is selling 5oz silver rounds for 400$ each. At 250$ for a 5oz bar, that still sounds like a reasonable deal.
April 29, 2015, 02:56:29 PM
Not sure if you guys realize but running a small batch of 50 pure silver bars would be pretty expensive. The end price point for each would be around $250 for a 5 oz bar or $500 each for a 10 oz bar.
If this revelation didn't kill 99% of the interest in such a product I would be shocked - but this is why you do not see such a product in the market at this time. I am as always willing to do this but would have to go the preorder route as I would not be willing to devote this much capital into such a project - plus my wife would kill me lol.
If this revelation didn't kill 99% of the interest in such a product I would be shocked - but this is why you do not see such a product in the market at this time. I am as always willing to do this but would have to go the preorder route as I would not be willing to devote this much capital into such a project - plus my wife would kill me lol.
April 29, 2015, 01:51:13 PM
I am looking into a BTC bar option now but it would be copper/brass alloy that is plated in either gold or silver like the Ether and DRK pieces. Size would be 2" in diameter. This does not exactly match the described ideal that I have seen in this thread so far so please let me know if this is of interest or not. I will elaborate on price point as I work out more details but shouldn't be too much more than the Ether and DRK lines (will be a bit more due to larger size and shape).
Just my 2 bits. A gold plated copper alloy bar doesn't sound bad, but 2" is pretty small. A 6" by 1.5" sort of shape/size is good. thoughts?
I think a Casascius bar was 80mm or a little over 3" in length. Even these looked a little small. I think 2" is way too small and too similar to the CGB bars made by F*D. I'm fine with any material, but prefer a polished silver or gold, or gilt silver plate. I'd like to keep the edition size to 100 or less to keep these limited.
April 29, 2015, 01:19:28 PM
I am looking into a BTC bar option now but it would be copper/brass alloy that is plated in either gold or silver like the Ether and DRK pieces. Size would be 2" in diameter. This does not exactly match the described ideal that I have seen in this thread so far so please let me know if this is of interest or not. I will elaborate on price point as I work out more details but shouldn't be too much more than the Ether and DRK lines (will be a bit more due to larger size and shape).
Just my 2 bits. A gold plated copper alloy bar doesn't sound bad, but 2" is pretty small. A 6" by 1.5" sort of shape/size is good. thoughts?
April 29, 2015, 01:07:43 PM
Gold bars are pretty hard to trade around here. I know cryptoimperator was trying to get a 10 coin 1m doge gold coin funded. he has sold 6/10 so far.
Yes, very few collectors in this space are interested in purchasing gold pieces so tough to justify that at this time. Silver has interest but people want to pay little over spot which is only doable via production of very large batches which a) require large capital and b) require market demand which is not currently there.
I am looking into a BTC bar option now but it would be copper/brass alloy that is plated in either gold or silver like the Ether and DRK pieces. Size would be 2" in diameter. This does not exactly match the described ideal that I have seen in this thread so far so please let me know if this is of interest or not. I will elaborate on price point as I work out more details but shouldn't be too much more than the Ether and DRK lines (will be a bit more due to larger size and shape).
April 29, 2015, 12:16:49 PM
Gold bars are pretty hard to trade around here. I know cryptoimperator was trying to get a 10 coin 1m doge gold coin funded. he has sold 6/10 so far.
April 29, 2015, 12:13:36 PM
I would go for silver bar
April 29, 2015, 12:04:54 PM
I'm thinking a bar would be something new, because like I said, I feel there is too many coins. Maybe a silver version and gold version. 1 oz silver, 1 gram, 5 gram, and 10 gram gold. That would be neat.
All of BTC though
All of BTC though
April 29, 2015, 11:30:09 AM
Something a little different. A bitcoin bar. Casascius was the only one to make these, I'm sure you could up the game!
Ok, added to the poll. Thank you for the suggestion
Technically, F*D made a bar with their Cryptogenic Bullion. But perhaps a bar in a different form...more Casascius-looking in that its longer, and gold plated
Longer, bigger, heavier with a nice big bitcoin sign. Glit silver would be pretty nice I think.
+1
I would also go for that.
Jump to: