Someone else is welcome to make coins smaller than 1 BTC. If there is interest in a combined order of tokens for 0.5 BTC I will try to throw it together. But I will probably stick with 1BTC coins and larger myself.
The 0.5 BTC token will probably need a smaller diameter hologram.
Topic: Now Here: Casascius 1000 BTC Fine Gold Coin - page 8. (Read 27698 times)
A quick question for Casascius:
(I appreciate that a lot of the value in your coins is commemorative rather than functional; it's not like I can put them in vending machines)
You're making some lovely products; but you seem to be making them in larger and larger denominations. With bitcoin prices going up and up, isn't it the low denominations that are missing?
Already the 1 BTC coins are uncomfortably large for pocket change. If we ever hit $30 again, then there will surely be space for $1, $2, $5 equivalents? Perhaps the overheads are too high to make low denominations practical?
The above is not criticism; I'm merely interested.
(I appreciate that a lot of the value in your coins is commemorative rather than functional; it's not like I can put them in vending machines)
You're making some lovely products; but you seem to be making them in larger and larger denominations. With bitcoin prices going up and up, isn't it the low denominations that are missing?
Already the 1 BTC coins are uncomfortably large for pocket change. If we ever hit $30 again, then there will surely be space for $1, $2, $5 equivalents? Perhaps the overheads are too high to make low denominations practical?
The above is not criticism; I'm merely interested.
I think he is aiming more for the collector items rather than pocket change. If you are looking for small potatoes, I have a 0.50 bill, and if the price gets up to $10 I will probably be making smaller denomination bills (I have them planned all the way down to 0.01 BTC).
Mike makes an excellent product and as such it costs him a lot to produce it.
For those who feel that this locks up bitcoins, keep in mind that whatever isn't get locked in the coin is part of a free market exchange for labor and materials (in this case gold) and thus stimulates the bitcoin economy. I also imagine that many of his smaller value coins are used as gifts and thus spreads the idea of bitcoin beyond the tech savvy community.
When someone sees this gold coin on some well-to-do's person office wall, they will know that this bitcoin thing is serious and maybe they should get in on the action.
Just as an update, the gold spot price has risen enough to surpass my reserve, so the coin is now only $200 over gold's spot price (plus your BTC of course).
The coin is also available bare, without hologram or BTC. Same price, just without the BTC. Contact me if interested in this.
The coin is also available bare, without hologram or BTC. Same price, just without the BTC. Contact me if interested in this.
I'm waiting for the day when the gold coin will be in Satoshis. 
Re: smaller denominations
Making smaller denominations isn't practical for me - I have to charge a premium on par with the face value of the coin. But maybe someone else can do it more economically and I invite that.
Making smaller denominations isn't practical for me - I have to charge a premium on par with the face value of the coin. But maybe someone else can do it more economically and I invite that.
Of course your finances are your own business, I'm really only asking because it's interesting...
Surely as the dollar value of BTC goes up; the par you charge (is it called seigniorage?) measured in bitcoins comes down? (I notice that that is already the case, that 1 BTC used to cost 1.65 BTC, and now costs 1.32 BTC -- unsurprisingly .65 BTC at $3.5 is approximately .32 at $6.5).
At $30, that's .06 BTC. Therefore a 0.1 BTC Casascius coin (assuming a similar design to your current 1 BTC) would be 0.16 BTC?
Anyway... I'm just being pedantic. I like the idea of your coins, but just felt that nobody is going to tip with a $30 value coin, should that price ever happen again.
Hello Casascius, do not speak English, I sent you a 7.5 BTC on coins, have you received?
request 17VwgGti
request 17VwgGti
Re: smaller denominations
Making smaller denominations isn't practical for me - I have to charge a premium on par with the face value of the coin. But maybe someone else can do it more economically and I invite that.
Smaller change might be more feasible if it were issued as "X-Mark" tokens (google it) and the bitcoins held in a central bank (antithetical though to the decentralized concept of bitcoin). However it would enable easy vending and easy in-person trade since there already exists high tech acceptors for these coins that can be installed in vending machines.
Making smaller denominations isn't practical for me - I have to charge a premium on par with the face value of the coin. But maybe someone else can do it more economically and I invite that.
Smaller change might be more feasible if it were issued as "X-Mark" tokens (google it) and the bitcoins held in a central bank (antithetical though to the decentralized concept of bitcoin). However it would enable easy vending and easy in-person trade since there already exists high tech acceptors for these coins that can be installed in vending machines.
Re: smaller denominations
Making smaller denominations isn't practical for me - I have to charge a premium on par with the face value of the coin. But maybe someone else can do it more economically and I invite that.
Smaller change might be more feasible if it were issued as "X-Mark" tokens (google it) and the bitcoins held in a central bank (antithetical though to the decentralized concept of bitcoin). However it would enable easy vending and easy in-person trade since there already exists high tech acceptors for these coins that can be installed in vending machines.
Making smaller denominations isn't practical for me - I have to charge a premium on par with the face value of the coin. But maybe someone else can do it more economically and I invite that.
Smaller change might be more feasible if it were issued as "X-Mark" tokens (google it) and the bitcoins held in a central bank (antithetical though to the decentralized concept of bitcoin). However it would enable easy vending and easy in-person trade since there already exists high tech acceptors for these coins that can be installed in vending machines.
That thing is beautiful o.o
A quick question for Casascius:
(I appreciate that a lot of the value in your coins is commemorative rather than functional; it's not like I can put them in vending machines)
You're making some lovely products; but you seem to be making them in larger and larger denominations. With bitcoin prices going up and up, isn't it the low denominations that are missing?
Already the 1 BTC coins are uncomfortably large for pocket change. If we ever hit $30 again, then there will surely be space for $1, $2, $5 equivalents? Perhaps the overheads are too high to make low denominations practical?
The above is not criticism; I'm merely interested.
(I appreciate that a lot of the value in your coins is commemorative rather than functional; it's not like I can put them in vending machines)
You're making some lovely products; but you seem to be making them in larger and larger denominations. With bitcoin prices going up and up, isn't it the low denominations that are missing?
Already the 1 BTC coins are uncomfortably large for pocket change. If we ever hit $30 again, then there will surely be space for $1, $2, $5 equivalents? Perhaps the overheads are too high to make low denominations practical?
The above is not criticism; I'm merely interested.
I straightened you 7.5 BTC on request 17VgGti
accomplish your goal that got
accomplish your goal that got
looking forward to the Casascius 10,000 BTC 1 Kilo gold ingot 
& then eventually the Casascius 100,000 BTC LMBA Good Delivery gold bar of 12.5 Kg 
ps ~ wish that I'd been in the States with the funds pre giftmas to snaffle a couple of those 1 Oz Au rounds
& then eventually the Casascius 100,000 BTC LMBA Good Delivery gold bar of 12.5 Kg ps ~ wish that I'd been in the States with the funds pre giftmas to snaffle a couple of those 1 Oz Au rounds
He is right, I am a terrible marketer... my website is also badly in need of updating (though it works)...
though it's also fair to say that I'm hoping the gold price goes up before I start moving many of these...
I made a 500 BTC gold plated bar.
Awesome, thanks!
What are you classifying the 500 BTC address located here: http://blockexplorer.com/address/1AWTGncUStas3jR2AQHrTgs7PHhyjDWmAF
Silver/Gold coin, Bar, Plated Bar?
Thanks
Silver/Gold coin, Bar, Plated Bar?
Thanks
I made a 500 BTC gold plated bar.
Oh wow, If only I could afford it right now!!
What are you classifying the 500 BTC address located here: http://blockexplorer.com/address/1AWTGncUStas3jR2AQHrTgs7PHhyjDWmAF
Silver/Gold coin, Bar, Plated Bar?
Thanks
Silver/Gold coin, Bar, Plated Bar?
Thanks
He is right, I am a terrible marketer... my website is also badly in need of updating (though it works)...
I expressed interest when these were first mooted & contacted Cass, he doesn't seem to run any update to those who wished to buy one when they became available - at least this shows the reverse behaviour than someone who was up to no good, all being well & the next time I'm in the States I would really love to add this to my bank box there as a compliment to the Chinese gold & MTG Beta slabbed Goxs
Is $200 over spot a normal premium for gold coins? I know this isn't a normal coin, and I'm not suggesting it's not worth it, just wondering how coins work.
The premium over spot for bullion coins (American eagles, Candian Maple leafs, etc) is usually ~$60 to $80 if only purchasing one or two units at retail. When you consider hundreds of thousands if not millions of these are minted each year having a premium of "only" $200 for a custom coin is actually pretty good.
Cascius may be able to provide some insight but I imagine the premium could be cut significantly (maybe even if half) if 100 or so coins were minted at once. The issue ends up being capital. 100 ounces of gold is >$160,000.
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