Topic: Reopening Orders Titan Mint Gold Coins 2014 and 2016 - page 2. (Read 1815 times)

Exchange fees to convert to dollars I presume?

I need dollars at the moment not BTC so this sale is priced in dollars.

Not sure where the 1% is coming from but Tim is obligated to pay me spot gold at the time of sale + 100$ in US dollars for each coin sold. That is our contract so he is probably just passing on his cost to you.

It seems like an additional fee of 1% of the total amount is being charged when paying with bitcoin, resulting in~$900 in hidden fees for all these coins. This was not mentioned anywhere in this sales thread. On top of that it doesn’t make any sense to me to charge extra for accepting bitcoin on BITCOINtalk.

Really? I've been out of the game for a while, who's actively minting new BTC coins?

Perhaps but I did not want to end up with a bunch of ruined scratched up coins cleaned by someone I did not know. Tim was expensive but I knew that was going to be the case upfront. Sometimes you pay for peace of mind.

Their are substantial cost to bring a order like this to the market. Unlike melting them which requires a single trip to the smelter offering these for sale involved preparation and logistical issues.

I don't have the a history of sales on the forum sufficient to self manage something this large so I had to hire someone to escrow this for me. I also needed other specialized services.

The services I needed were:  

A) Each coin needed to be individually and carefully washed in acetone to remove the residual adhesive. I did not have the experience to attempt this myself.

B) Escrow: For an order of this size I needed a third party escrow.

C) Shipping: I needed to ship these all to California with insurance so they could be cleaned and then prepped for sale.

D) Packaging and sales: It was easiest to have escrow manage the sales, packaging, payments and shipping. However, this involves a tremendous amount of work trips to the post office and multiple e-mails back and forth for each sale.

All told the above represents hours and hours and hours of work. Tim was the most logical person to do this for me and he was gracious enough to agree to it but Tim is an extremely busy professional and his time is not free. All told my expense for all of the above after negotiation was $2700. Given the amount of work involved I was pretty happy with that.

To break even compared to just melting them down I need to sell 50% of these. It looks like that will probably happen with the price point I set. I chose a price I felt would be most likely to make these move without costing me money compared to what I could get by simply melting them down.

It is in my opinion a great price that I very much doubt will ever be seen again for these.

If you don't want to melt them..... why not sell them for melt??  That would make the most sense.

Give it a bit of time. Tim is working through the initial orders. He will probably reply soon.

Sent Pm + email, no reply...

Looks like about 40% of these are sold so far. It was 100% but a huge order did not commit. I will keep sales open until the 19th so hopefully not too many will be melted.

I don’t particularly want to melt them They are beautiful and rare coins and I would much prefer they recirculate back into the hands of someone who appreciates them but gold is gold so one way or another.

If coins are melted down than yep by simple mathematics rarity goes up, i.e circulating supy goes down. 

You got be kidding me my man   I won't be around you with my titan coin any time soon.

Hi Tim, I have contacted you before about this issue, now trying here as you seem to be responding to this thread. 

I have some Titan 0.1 silvers which do not verify on your site.  They appear funded based on public addresses but given that you put "Verify at titanbtc.com" on the coin it is important that they do verify on your site.

I have sent you many examples previously, but here again:  https://bitcointalksearch.org/topic/m.53520151

Verifies funded:  https://www.smartbit.com.au/address/1DehRrcJdv9tkKDxnbYLL62GYyDzsfEx1B

Your site:  https://www.titanbtc.com/verify/1DehRrcJ/

Thanks, I wil look out for the reply.

You mentioned reloading coins as a way to spur interest in Titan coins (which I thought wasn't a good idea in a previous post). Have you thought about actually minting a new set of coins? As of now, there are no real active mints with a solid reputation. Would be a good opportunity.

We've still got some coins left.  I'm replying to PM's and emails currently. 

If you're still waiting on a reply from me, I apologize for the delay.  You'll hear from me within the hour.

I will look out for the reply, thanks

I am pretty sure there are some left.

I know we had potential orders for all of the coins but then someone who expressed an intent to buy a large number of these did not follow through.

It’s the weekend so I suspect Tim will go through e-mails and messages on Monday.

Agreed

Hey are all the coins sold? Sent an email but got no reply

sent you a pm