Topic: SOLD OUT. f*D 24k GOLD 1.5 troy ounce BCH Coins (Read 1152 times)
As of today, all of these have shipped out. Please PM me if you did not see you tracking information come through via email.
In stock! Will be shipping out in the coming days!
SOLD OUT
Congrats on another successful offering!
Thanks OG
SOLD OUT
Congrats on another successful offering!
SOLD OUT
Since the previously used BitcoinCash die has been lost to the NWTM bankruptcy, I have decided to redesign the new die being created for this line. I have updated OP and website. Can't wait to see this one in person in April!
What? how is that even possible?
They go into bankruptcy and throw everything away?
They consider the dies as their property. Here is an excerpt from an email communication I received:
Quote
It has been Northwest Territorial Mint’s standard practice that we do not give away our dies. Dies are considered a subset of Northwest Territorial Mint’s tooling and as such the property of Northwest Territorial Mint. Just like any other tools we use to strike a customer’s order - such as presses, polishing wheels, blanking machines, etc – dies are also tools used in the production of product. We go to great lengths to preserve dies in our facility and do so at our own cost; we have never charged customers the cost of die storage and preservation.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
That's a pretty bullshit answer from them..... You paid for the die, You own it.
You could just send the die back to them if you ever wanted more coins minted.
Losing ownership of your dies can be a security issue for the coins themselves, although I don't see that being an issue here because I believe the coins are left to have the end users handle the wallet side of things. However, there is still the chance someone else buys the dies and stamps a bunch out to sell.
I always take possession of my dies to avoid just this type of scenario. I've even had to send a die back to have some stamping done (most mints won't let you do this as dies need to be stored properly to ensure safety while stamping, but my 10oz gold coin reused one of the dies from my 5oz silver coin). The first question you should ask a mint if you're planning on working with them, is if you are able to take possession of the dies after the stamping.
1 more sold. Only 2 left (#8 and #9)
If the dies are that important to you contact a bankruptcy attorney. From public records in September 2017 it looks like a buyer for NWTM is being solicited:
Quote
The Trustee is in discussions with a potential buyer for the estate and continues to entertain offers for the operating
business. The terms are under discussion and we anticipate obtaining a term sheet in the next 30 days. The Trustee
objective as of this point is to sell the company to maximize the recovery for the estate and for creditors. Any party with
an interest in acquiring the business should contact the Trustee. Total filed claims are in excess of $70 million and the
recovery will be limited such that creditors should not expect a high percentage of recovery on their claims. If the tight
cash flow issues cannot be resolved, the Trustee will need to close the business and liquidate the assets on terms that will
provide very little return to creditors.
business. The terms are under discussion and we anticipate obtaining a term sheet in the next 30 days. The Trustee
objective as of this point is to sell the company to maximize the recovery for the estate and for creditors. Any party with
an interest in acquiring the business should contact the Trustee. Total filed claims are in excess of $70 million and the
recovery will be limited such that creditors should not expect a high percentage of recovery on their claims. If the tight
cash flow issues cannot be resolved, the Trustee will need to close the business and liquidate the assets on terms that will
provide very little return to creditors.
Since the previously used BitcoinCash die has been lost to the NWTM bankruptcy, I have decided to redesign the new die being created for this line. I have updated OP and website. Can't wait to see this one in person in April!
What? how is that even possible?
They go into bankruptcy and throw everything away?
They consider the dies as their property. Here is an excerpt from an email communication I received:
Quote
It has been Northwest Territorial Mint’s standard practice that we do not give away our dies. Dies are considered a subset of Northwest Territorial Mint’s tooling and as such the property of Northwest Territorial Mint. Just like any other tools we use to strike a customer’s order - such as presses, polishing wheels, blanking machines, etc – dies are also tools used in the production of product. We go to great lengths to preserve dies in our facility and do so at our own cost; we have never charged customers the cost of die storage and preservation.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
That's a pretty bullshit answer from them..... You paid for the die, You own it.
You could just send the die back to them if you ever wanted more coins minted.
Yeah f that id push back too. I was in talks with them and they claimed yes they store your die forever (which we now know is 2018) but it is always yours, they bragged about how they had molds from decades ago...id fight to get that back you paid for it, its yours
Since the previously used BitcoinCash die has been lost to the NWTM bankruptcy, I have decided to redesign the new die being created for this line. I have updated OP and website. Can't wait to see this one in person in April!
What? how is that even possible?
They go into bankruptcy and throw everything away?
They consider the dies as their property. Here is an excerpt from an email communication I received:
Quote
It has been Northwest Territorial Mint’s standard practice that we do not give away our dies. Dies are considered a subset of Northwest Territorial Mint’s tooling and as such the property of Northwest Territorial Mint. Just like any other tools we use to strike a customer’s order - such as presses, polishing wheels, blanking machines, etc – dies are also tools used in the production of product. We go to great lengths to preserve dies in our facility and do so at our own cost; we have never charged customers the cost of die storage and preservation.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
You would imagine that after paying (at least I did) $1800 for an obverse die you would actually get to own it.. Guess not. This is not what Marty initially said to me, but don't quote me on that.. I'll look through emails.
Since the previously used BitcoinCash die has been lost to the NWTM bankruptcy, I have decided to redesign the new die being created for this line. I have updated OP and website. Can't wait to see this one in person in April!
What? how is that even possible?
They go into bankruptcy and throw everything away?
They consider the dies as their property. Here is an excerpt from an email communication I received:
Quote
It has been Northwest Territorial Mint’s standard practice that we do not give away our dies. Dies are considered a subset of Northwest Territorial Mint’s tooling and as such the property of Northwest Territorial Mint. Just like any other tools we use to strike a customer’s order - such as presses, polishing wheels, blanking machines, etc – dies are also tools used in the production of product. We go to great lengths to preserve dies in our facility and do so at our own cost; we have never charged customers the cost of die storage and preservation.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
We retain these dies in our facility so that should a customer choose to re-order product we can re-strike product without charging the customer new die fees. For most of the production work required to deliver a customer’s product, we charge the customer to create dies just like we also charge the customer the labor to produce their product. However, the customer doesn’t own the labor any more than they own the tooling used to create the product – labor and tooling are resources of Northwest Territorial Mint.
What's the connection between London and BCash? Am I missing something here?
Thank you for your interest.
London is considered by many to be the financial center of the world.
BCash is a financial tool.
Therefore I decided to have BCash rising over London on this piece.
What's the connection between London and BCash? Am I missing something here?
Since the previously used BitcoinCash die has been lost to the NWTM bankruptcy, I have decided to redesign the new die being created for this line. I have updated OP and website. Can't wait to see this one in person in April!
I have just sent out an email communication to all customers who have ordered any of these coins. This communication is to inform of and apologize for a delay in the manufacturing process on these pieces which will push back the completion date to mid-April. I have updated the OP and the listing on my website with the new projected completion date.
New (2018) obverse coin design added to OP. This line will also include 2 'f *D Series 8' (2018 holos which will be posted here once mockups are complete) holograms per coin .
Only 4 left. These are going into production and will ship in about 6 weeks (end of January).
5 sold, only 5 left...
2 more sold, only 6 coins left for grabs.
Considering placing an order as I have the first two coins in the BCH series. If you do not receive the full ten orders I assume you will not be able to go forward with this project and give refunds? Some guidance would be helpful thanks.
7 orders is the threshold point where I will pull the trigger and get the project underway. I anticipate this happening before the end of 2017, however if for some reason the project does not happen, refunds will of course be given.
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