Topic: [LTC] [ANN] Physical Litecoins by CryptoVest (Project on hold) - page 6. (Read 13005 times)

Thank you sir 

IMO, definitely between Zinodaur and LikeHero's, i really can't make up my mind between the two to be honest =(

Either way i want 50 of them, gimme gimme gimme!

THank you!!! It is impossible for me to give everyone what they want if they don't speak their mind and tell me their opinions of the designs. So, thank you very much for your opinion. 

Zinodaur and LikeHero are my 2 favorites! 

Leaning more to LikeHero's design.

As stated earlier, I have delayed production a little bit so that I could get a better design. I have had 5 designers design something for me. I know which one I like the best, but I am interested in hearing your opinions.

LikeHero:



Xqisit:


Zinodaur:


Smeagol:




Beefsock:


Please speak up about which design you like, what you you would change, etc.

Thank you,

Ch

Good on u dude...

++ 

Am super interested in some! Keep us posted!

Awesome  


No preorders! My investor and I are taking all risks of this project ourselves. I personally despise preorders from a customer standpoint, especially on a product that hasn't even been made yet, so I tried really hard to avoid this.

Litecoin's going to the moon regardless, but hopefully this will help push it in the right direction!  


PS to everyone: Cost per coin is tied to the US dollar. When I calculated the cost of each coin shown in the images, Litecoin was worth $2.50. So, hopefully Litecoin keeps going up up up, and I can provide these to everyone cheaper (in LTC) than I had planned.

once these become available - theres no stopping litecoin! yeyeyeyeye!

show me the moneyz! LOL

Looks good!  Where do I preorder?

Im interested in some. (:

Great thanks! I think the coins will look better once minted and in a real 3d coin shape and shine.

I made the numbering on the coin a fatter as per someones recommendation, do you guys like it better or should I keep trying or change it back

This sounds awesome. I will be sure to buy some. The 3D renders posted earlier do look nicer, but your new simple design looks good too. Looking forward to this.

I have no clue how he made everything so cheap, and I actually don't believe that it's even possible to do so, no matter what quantity is ordered...

You can look for yourself, custom tamper proof holograms that are at least 800 dpi and secure enough to deter counterfeiting are easily 56 cents each, with about a $5000 minimum order investment. Plus, the cost of the coins which is more expensive per coin than the holograms.. somewhere around $2.50 a coin for about a 1000 of them, the less you order the more expensive per coin it is.

If you can find somewhere to make these this cheap, let me know. I can assure you I have/will shop around. If I charged an $0.80 mark up though, I would be out of business before I even manufactured anything.

I don't know what his costs are, but I bought several of his coins when BTC was about $4 and they cost somewhere around 1.2 BTC each.That's only $0.80 markup and he only made about 3500 of the original run, so I assume it cost him less than $2800.

I would skip the plastic case. If people want to put the coins in a plastic case, it is simple enough the get them. Maybe you could sell the cases separately.

Another thing I wanted to mention.

Everyone wants to measure the quality of my coin to the quality of Casascius' and it is not really fair. Casascius had been making physical Bitcoins for over 2 years and has a lot of experience manufacturing and assembling them... I have never even made a single one before. There will be a learning curve and growing pains that I will work out as things progress. I hope one day I can release a super high quality product like Casascius, but this may not be possible at first due to my inexperience (I hope that is not the case.)

Litecoin is at its core written in the code different than Bitcoin. It is okay IMO if our physical Litecoins are different from Bitcoins' version. The only reason I am making them is because he seems unwilling to make physical Litecoins. Otherwise, I would step back and let the pro do it. I will try to make the prices fair, and the loading process and private key destruction as transparent as possible.

So... I ask you all to please bear with me, I am trying my best.

No, I haven't spoken with him... I'm sure he has probably seen the thread, but has yet to comment. I'm curious how you know exactly how much it costs for him to make his coins? I think it probably costs him a similar amount to manufacture his coins as I have stated it will take me, but he can more easily mask the costs of manufacturing and the mark up, because each Bitcoin is worth about $100. Meanwhile each Litecoin is only worth $2.50, making the manufacturing costs and mark up more apparent (if you get what I'm saying.) He is charging a .25 BTC mark up per coin... this equates to $15+ profit for him assuming his costs of making them are the same. That is more than I would be charging in my example above ($10.62 profit in comparison.) But because a Bitcoin is worth much in USD than a Litecoin, it is not as apparent. So actually my coins would be cheaper than Casascius' if you do the math (maybe I should charge more    ). These numbers I posted are not final and subject to change, I am just thinking aloud.

Also, he is probably making his coins 1000s and 1000s at a time (maybe even 5000-10000+), which brings down costs quite a bit. I could ship without the clear plastic case that would take a dollar each off the cost, but I thought this would be nice to protect the coins and keep them in mint condition. No offense meant, but Casascius is what I call "Old Bitcoin" (IE. Old money)... he has a lot more resources and money than I do that bring down the cost of his product.

I don't think $4.06 manufacturing costs for each coin is really that expensive. Like I said, without the clear plastic case I could bring this down to $3.06, but this is not including the cost to load the LTC. Also the $4.06 costs per coin is not including any profit whatsoever, which is necessary to make this worth my time and for further expansion/offerings of different denominations and silver coins. This will take a lot of my time, I can't just do it for free... also, since my markup is actually lower per USD than Casascius, I think it is a reasonable price.

Cool, consider me in!