Topic: Official Auction For Our 2 Ounce Solid Gold (5 BTC) Coin #2 - Ends 30th November (Read 4506 times)
December 23, 2014, 06:04:26 PM
me want
November 30, 2014, 06:15:00 PM
I would like to bid , but it is expensive for me . I'm only watching who will win.
Agreed. Beautiful coin, but too rich for my blood. The 15 BTC auction went without a bidder both here and litecointalk IIRC. I'd be very surprised if someone bids 18 BTC for this considering its not a #1 and they could have bought one then for less.
To the OP..if you lower your prices for these considerably, I have no doubt they will sell better. Its a gorgeous coin that many have stated.
TitanBTC sells gold coins for about $475 premium, but these are give or take 6 BTC extra after taking away the gold and BTC value. Coupled with the fact that not everyone has 18 BTC they are willing or able to spend. The physical coin market isnt that hot either at the moment.
I would like to see an auction where the minimum bid is something like $10 then you will see what the actual true value people are willing to pay for your coins is when you use an auction.
Perhaps you get people to buy coins from your website. I certainly do. But it is nice to give the market a chance to set the price as well. That is what an auction to me was designed for.
Hopefully coinographic considers doing something like this which I do on a weekly basis with my auctions.
November 30, 2014, 04:33:28 PM
I would like to bid , but it is expensive for me . I'm only watching who will win.
Agreed. Beautiful coin, but too rich for my blood. The 15 BTC auction went without a bidder both here and litecointalk IIRC. I'd be very surprised if someone bids 18 BTC for this considering its not a #1 and they could have bought one then for less.
To the OP..if you lower your prices for these considerably, I have no doubt they will sell better. Its a gorgeous coin that many have stated.
TitanBTC sells gold coins for about $475 premium, but these are give or take 6 BTC extra after taking away the gold and BTC value. Coupled with the fact that not everyone has 18 BTC they are willing or able to spend. The physical coin market isnt that hot either at the moment.
November 30, 2014, 04:23:47 PM
I would like to bid , but it is expensive for me . I'm only watching who will win.
November 30, 2014, 04:17:06 PM
Less than 1 hour left!
November 27, 2014, 09:19:51 PM
Bump
November 07, 2014, 09:51:38 AM
bump
October 17, 2014, 11:31:07 AM
Due to requests we have started an action for coin #4 - https://bitcointalksearch.org/topic/official-auction-for-our-2-ounce-solid-gold-5-btc-coin-4-ends-19th-october-826528
This auction will be much shorter and run for only 3 days. The starting bid on this auction is only 15 BTC.
We will also be running this experiment over on litecointalk for coin #5
The purpose of these auctions is to try and gauge the public opinion for the pricing of the coin.
If its apparent that people are not willing to pay the listed price on the website then we will have to change suppliers for some of the coin's components and try and reduce the production cost, in order to pass the savings onto our customers
Thank you
This auction will be much shorter and run for only 3 days. The starting bid on this auction is only 15 BTC.
We will also be running this experiment over on litecointalk for coin #5
The purpose of these auctions is to try and gauge the public opinion for the pricing of the coin.
If its apparent that people are not willing to pay the listed price on the website then we will have to change suppliers for some of the coin's components and try and reduce the production cost, in order to pass the savings onto our customers
Thank you
Good call. Glad to see you're listening to your customers.
I still think 15 BTC minimum still leaves a high premium of 4 BTC, but its a step in the right direction.
I appreciate the quality in your coins and boxes, but hope you find some way to save costs so the prices are more in line with the market. There's probably only a handful of people who can afford to pay what amounts to $6000 (give or take) on a coin, but nobody wants to feel like they're overpaying too much.
October 17, 2014, 11:18:35 AM
Due to requests we have started an action for coin #4 - https://bitcointalksearch.org/topic/official-auction-for-our-2-ounce-solid-gold-5-btc-coin-4-ends-19th-october-826528
This auction will be much shorter and run for only 3 days. The starting bid on this auction is only 15 BTC.
We will also be running this experiment over on litecointalk for coin #5
The purpose of these auctions is to try and gauge the public opinion for the pricing of the coin.
If its apparent that people are not willing to pay the listed price on the website then we will have to change suppliers for some of the coin's components and try and reduce the production cost, in order to pass the savings onto our customers
Thank you
This auction will be much shorter and run for only 3 days. The starting bid on this auction is only 15 BTC.
We will also be running this experiment over on litecointalk for coin #5
The purpose of these auctions is to try and gauge the public opinion for the pricing of the coin.
If its apparent that people are not willing to pay the listed price on the website then we will have to change suppliers for some of the coin's components and try and reduce the production cost, in order to pass the savings onto our customers
Thank you
October 17, 2014, 08:35:16 AM
I personally cant justify spending the premium. If I wanted a gold coin, TitanBTC sells one at a $450 premium or so, less the box. The other costs are similar I believe. Thats roughly 1 BTC at TitanBTC vs 7 BTC premium here.
This ^
I agree the premium is way out of whack. Great looking coin though!
The problem is we don't know what the exchange rate will be on Nov. 30. It is too far away. Most likely someone will get hosed if they bid early on this. Either you bid early and end up paying too much, or someone will simply out bid you when it is close enough to the end of the auction.
OP, please change the end date of this auction.
October 16, 2014, 08:20:18 AM
I personally cant justify spending the premium. If I wanted a gold coin, TitanBTC sells one at a $450 premium or so, less the box. The other costs are similar I believe. Thats roughly 1 BTC at TitanBTC vs 7 BTC premium here.
This ^
I agree the premium is way out of whack. Great looking coin though!
October 15, 2014, 11:45:39 PM
Nice coin but the premium is very high. 18 btc is like $7k but this coin is only 2 ounces of gold, which is $2500 plus 5btc.
Awesome design. very nice coin. But premium is too high. The premium is definitely not high. It's about 3.15BTC per ounce of gold. Multiply that by 2, that's 6.3BTC. Then add 5BTC face value. 11.3BTC. Then there is the mould, the hologram, the box, mint costs and mark up. It's extremely reasonable.
I personally cant justify spending the premium. If I wanted a gold coin, TitanBTC sells one at a $450 premium or so, less the box. The other costs are similar I believe. Thats roughly 1 BTC at TitanBTC vs 7 BTC premium here.
It seems that maybe they've sold 3+ in total according to their website, so perhaps the market agrees. Its a lot to begin with, but the premium doesn't help.
I do get that. But I guess their target market for this coin is different to their target market of other coins. I would definitely love to buy this coin, but we'll see how things go
October 15, 2014, 04:26:20 PM
Nice coin but the premium is very high. 18 btc is like $7k but this coin is only 2 ounces of gold, which is $2500 plus 5btc.
Awesome design. very nice coin. But premium is too high. The premium is definitely not high. It's about 3.15BTC per ounce of gold. Multiply that by 2, that's 6.3BTC. Then add 5BTC face value. 11.3BTC. Then there is the mould, the hologram, the box, mint costs and mark up. It's extremely reasonable.
I personally cant justify spending the premium. If I wanted a gold coin, TitanBTC sells one at a $450 premium or so, less the box. The other costs are similar I believe. Thats roughly 1 BTC at TitanBTC vs 7 BTC premium here.
It seems that maybe they've sold 3+ in total according to their website, so perhaps the market agrees. Its a lot to begin with, but the premium doesn't help.
October 15, 2014, 10:06:40 AM
Nice coin but the premium is very high. 18 btc is like $7k but this coin is only 2 ounces of gold, which is $2500 plus 5btc.
Awesome design. very nice coin. But premium is too high. The premium is definitely not high. It's about 3.15BTC per ounce of gold. Multiply that by 2, that's 6.3BTC. Then add 5BTC face value. 11.3BTC. Then there is the mould, the hologram, the box, mint costs and mark up. It's extremely reasonable.
October 15, 2014, 08:00:06 AM
Nice coin but the premium is very high. 18 btc is like $7k but this coin is only 2 ounces of gold, which is $2500 plus 5btc.
Awesome design. very nice coin. But premium is too high. 
October 15, 2014, 12:15:05 AM
Nice coin but the premium is very high. 18 btc is like $7k but this coin is only 2 ounces of gold, which is $2500 plus 5btc.
October 14, 2014, 12:03:49 PM
This is easily the best physical coin design I have seen yet. Very good work.
October 13, 2014, 01:18:53 PM
Beautiful coin. Wish I could afford it.
Same here, that's a stunning coin!
Thank you for your comment. We are very excited to be producing this coin
October 08, 2014, 03:11:10 PM
Beautiful coin. Wish I could afford it.
Same here, that's a stunning coin!
October 08, 2014, 08:39:49 AM
Beautiful coin. Wish I could afford it.
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