Topic: Now Here: Casascius 1000 BTC Fine Gold Coin - page 7. (Read 27698 times)

Wish I had the fiat back then!

Any free samples? 

You can count me as a preorder if you do decide to make a 100BTC gold coin. Although I wish it would be 2012 instead of 2013 to match the other coins I've collected 

Now that is a piece of true art

Sounds like a good idea, maybe do a 100 or 500 BTC Gold coin

I think I have a crazy idea: I think I might melt my remaining Casascius 1000 BTC gold coins (with year 2012) and do a new gold coin round with a different denomination.

If I do that, I think I might sell more of them.  The thing is, 1000 BTC are getting harder to come by.

If I were to make a special offering of my 2012 1000BTC gold rounds AS-IS (no hologram or private key) for $50 over spot, who'd be interested?

More like tripled. Bitcoin was at about $3 in late December. Casascius was saying the coin would cost about $5000 total. Now it would be worth $13,300 (value of coin) + $1,689 (value of gold) = $14,989.

Nice coin, did anyone buy these around the time thread was made? Would have doubled their money?

You really should have a picture of this on your website! 

WOW beautiful coin!

The Gold Coin is now available in a two-factor version at no additional charge.

Two-factor means that two private keys are needed to redeem the funds from the coin.  I generate one private key, and you generate the other.  Simply put your copy of the private key inside the presentation box, such as in the void spaces behind the fabric (which you can pop out with a credit card).

This completely eliminates any requirement to trust that I don't have the private keys to your coin.

Current owners of the gold coin can upgrade for just the actual shipping cost using the method of your choice - or if you know you'll meet me in person some time, arrange for me to bring a sticker and a new key.  Before doing so, you peel the label and hold on to your bitcoins, and I will resticker just the unfunded coin with a new private key.  I'll also provide a paper certificate with the new public key so you can compute/verify the correct two-factor funding address.

I pay around $60 a troy oz for a quality gold coin like a Canadian maple.

I can understand the need for such a high premium for a limited run coin, custom coins are not cheap.

Famous last words, but congrats on landing one anyway - not obvious to turn a Casascius 1,000 coin into one of these watches, but may be interesting if Cas took it up with Corum for a feasibility/market study

Request for a 100,000 LTC (Litecoin) 1 oz platinum Casascius coin run, say $6,000 - $10,000 for the coins depending if you can get good OTC bulk prices (prob more as there's only about 9M out there atm I think), plus $1,400 for the platinum + $200 mark up & maybe more for first run tooling etc, $10,000 to $12,000 a pop perhaps

Also 10,000 LTC, 1,000 LTC etc would be cool too

btw OP could be updated to > $12,500 just for the BTC atm + $1,850 ($1,600 gold + $250 to your min gold price) + $200 Cas = $14,550

edited 15th Aug

So we pay around $1900 for the Coin's material worth, and another 1000BTC ? Making it worth $6900 ? How do we then reclaim the BTC back ?

That is such a cool idea!! now I need one 

That's a wicked idea, that would be the most 1337 watch on earth!

I must say that I would still love one of these, but now with some pretty reliable guaranteed funds payback borrowers - say paying the least risk 2% per week, then the effective holding or opportunity cost of these beauts is their own bitcoin value in one year 1,040 BTC uncompounded, but for absolute cold storage then still hits the sweet spot especially if it's to be generational, lets hope that their collectable/rarity value increases eventually at the same 100% or so per year that putting the coins out to work would do

here's what I really, really wants though - one of these, but made out of a 1,000 BTC Casascius coin

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=270980470752

would need some different tech to house the private key inside (or somewhere) tamper proof & drool proof, but would be sweet  

edit, actually maybe on the inside of the backside of the coin protected by hologram same as now would work simply & be fine

edit 2, a 80's style digital watch window inset in the face would make for lower production costs, I'd still prefer the Corum Swiss movement & hands myself, though either would be cool, the digital version you could have so it can click up to show your BTC balance in cold storage or interface with an Armoury wallet or something - once a day every time the time was 13:37 it would also make a leet sound of course, tra la  

edit 3, some pics:









feel free to photoshop them to 1,000 bitcoin goodness 

Only when the price of gold puts it above my stated reserve of $1850.  And in particular, only when it's going to the US.

If it needs to go outside the US, I am resorting to an undisclosed but unusual and novel way of getting it there safely, which adds a bit to the cost, and that's reflected in the posted price.

dollars cost 9c to make and last 2 yrs.

I will make 1 satoshi coins.  Bad news is they will cost $3 each.   Total cost 1 satoshi + $3 USD (or equivelent BTC). 
Still someday you may break even.

Seriously I think some people forget that Bitcoin has no central bank.   Printing & coining is expensive however in a central bank those costs are simply absorbed by taxpayers and not seen directly.

A penny costs about 4.2 cents to make.  I guarantee you if people had to pay 5.2 cents (1 penny in value + 4.2 cents in minting cost) to get a penny they wouldn't be minted anymore.  We likely wouldn't even mint nickles or dimes either.