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Topic: Official Auction For Our 2 Ounce Solid Silver (2 BTC) Coin #1 - Ends 30th Nov - page 3. (Read 4312 times)

legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
Really cool coin, but I think the premium is way too high on these 1.21 BTC for 2 ounces of silver...

This coin is so much more than the spot price of silver;

Production costs – including producing artwork for the tooling, making a mould and dies.
Unique hologram production – Including producing artwork and creating shims for the production.  The de-metallization process to make the clear window is also an extra cost
Handmade solid wood boxes – Our boxes are individually hand made from solid oak – Not Cheap!
Hallmarking – Each coin is individually hallmarked and the quality of the metal is tested on every single coin
Plaque & Coin laser engraving – Each box and coin is uniquely numbered
Booklet production – The booklet and COA that comes with each coin, comes at a cost
Free Worldwide shipping – P&P to any destination worldwide is also included in our price

If you take all that into consideration, you will discover our mark-up on the product is very modest. 

Hope that helps!


Perhaps you could make the Wood boxes an add-on for additional cost, so those who are trying to save some money and dont need the box, may be able to save a little.  Just a thought. 

I do think they add to the overall presentation, and should be included for the gold.

Cryptolator does something like this for their copper coin on their website, where several things are a la carte.
full member
Activity: 238
Merit: 100
Physical Digital Currency
Really cool coin, but I think the premium is way too high on these 1.21 BTC for 2 ounces of silver...

This coin is so much more than the spot price of silver;

Production costs – including producing artwork for the tooling, making a mould and dies.
Unique hologram production – Including producing artwork and creating shims for the production.  The de-metallization process to make the clear window is also an extra cost
Handmade solid wood boxes – Our boxes are individually hand made from solid oak – Not Cheap!
Hallmarking – Each coin is individually hallmarked and the quality of the metal is tested on every single coin
Plaque & Coin laser engraving – Each box and coin is uniquely numbered
Booklet production – The booklet and COA that comes with each coin, comes at a cost
Free Worldwide shipping – P&P to any destination worldwide is also included in our price

If you take all that into consideration, you will discover our mark-up on the product is very modest. 

Hope that helps!
legendary
Activity: 1162
Merit: 1001
Is it funded with 2 BTC?

What are the increments of bidding?

Yes this coin is funded with 2BTC

0.01 increments in bidding please

Thank you

Really cool coin, but I think the premium is way too high on these 1.21 BTC for 2 ounces of silver...
full member
Activity: 238
Merit: 100
Physical Digital Currency
Is it funded with 2 BTC?

What are the increments of bidding?

Yes this coin is funded with 2BTC

0.01 increments in bidding please

Thank you
legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
Is it funded with 2 BTC?

What are the increments of bidding?
newbie
Activity: 124
Merit: 0
full member
Activity: 238
Merit: 100
Physical Digital Currency
We are pleased to announce that today our 2 ounce silver  (2 BTC) Limited edition coin has gone into production.  You can read more information about the coin on our website - http://www.coinographic.com/2-btc-silver

This is the offical auction for Coin #1.

Coin #2 - #500 are available to pre-order from our website - http://www.coinographic.com/2-btc-silver.

We are due to have the coins in stock before the end of November. 



This auction will run from now until 22:00 (forum time) on the 30th November.  Please be sure to read our Auction Procedure below before you place a bid.

To place a bid please use the following format;

I Bid 2.8 BTC


The above would mean you have bid 2.8 Bitcoins on the coin (Limited Edition #1) of our solid silver bitcoin - http://www.coinographic.com/2-btc-silver.




Auction Procedure

1) You are only permitted to bid once per post

2) The minimum bid is 2.8 BTC.

3) The Auction will close at the 22:00 (forum time) on the 30th November provided there are no new successful bids during the 5 minutes immediately preceding 22:00 on the 30th November.

4) Any successful bids within 5 minutes of the auction close time (21:55 – 22:00) will extend the auction by a further 5 minutes; the auction will continue to extend in 5 minute increments until there are no more bids within the 5 minute refresh period. 

For example;

A bid placed  at 21:58 will extend the auction for the coin until 22:03.  If a further bid is placed before 22:03 it will extend by a further 5 minutes.  This will continue until there are no more bids within the 5 minute refresh period.  At that point the auction  will end and the winner will be allocated.


5) If you are the Winning Bidder of this auction, you will be obliged to complete the transaction and purchase that item within 72 hours of the auction close.





Processing and Technical Errors

In the event of errors in processing and/or site downtime or any other errors or delays caused to the site and/ or Service as a result of unforeseen technological difficulties associated with servers, data hosting or any other reason, we hereby reserve the right to:

a)   decide (prior to or after the original time set for conclusion of the online auction) to extend an online auction for a period of time (determined at our discretion); and/or,
b)   void that entire online auction transaction and open the auction again at the original start prices

I Leave you with these fantastic renders of the coin...







Thank You
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