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Topic: These physical LTC look awesome! - page 2. (Read 3763 times)

member
Activity: 75
Merit: 10
June 14, 2013, 01:44:21 AM
#48
this looks good. when the redeemed litecoins make it into the physical silver market then it helps to spread litecoin!
full member
Activity: 130
Merit: 100
June 14, 2013, 01:36:53 AM
#47
When these are being sold will it be announced here or on the litecoin forums? They are way too cool to pass up. (assuming they are loaded with ltc)
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 14, 2013, 01:29:24 AM
#46
That little 10 litecoins written on them must be ambiguous.
newbie
Activity: 42
Merit: 0
June 14, 2013, 12:48:23 AM
#45
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

You should shut up now and look at casascius.com.

If you compare brand new physical litecoins to 2011 unique and funded Casacius bitcoins, you are going to have a disappointing experience.

I wasn't comparing them; Aquaman is talking about these like they're just silver coins with the Litecoin logo stamped on them, he doesn't appear to understand that they're preloaded with LTC.
It wasnt said they were going to be, if they are, then yes, itll be worth more, otherwise yes its just a silver coin with a logo stamped on it.
hero member
Activity: 938
Merit: 1000
www.multipool.us
June 14, 2013, 12:22:39 AM
#44
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

You should shut up now and look at casascius.com.

If you compare brand new physical litecoins to 2011 unique and funded Casacius bitcoins, you are going to have a disappointing experience.

I wasn't comparing them; Aquaman is talking about these like they're just silver coins with the Litecoin logo stamped on them, he doesn't appear to understand that they're preloaded with LTC.
newbie
Activity: 42
Merit: 0
June 13, 2013, 06:20:25 PM
#43
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.


Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.
lol, preaching what? I said they looked cool, I would like to have one, im just stating facts based on experience.    Amateur...

Quote
Name:   AquaMan
Posts:   73
Position:   Jr. Member
Date Registered:   June 10, 2013, 01:57:40 AM

You are so experienced and trusted on this forum, I will defer to your great wisdom.
lol, keep making yourself look like an idiot. What does that mean, the date someone joined an obscure forum is the deciding factor on their intelligence and experience. Did you make a quarter million on BTC? Do you trade $10k worth of gold and silver on a weekly basis?  Well, I will check out some other post's rather than waste my time here... lol
newbie
Activity: 42
Merit: 0
June 13, 2013, 06:17:23 PM
#42
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.

Yes, because its all still brand new... People who invest, or rather, people experienced and good at investing, do it for the long term, not a year or two... of course they are expensive now, but give it some time..
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 13, 2013, 06:17:01 PM
#41
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.


Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.
lol, preaching what? I said they looked cool, I would like to have one, im just stating facts based on experience.    Amateur...

Quote
Name:   AquaMan
Posts:   73
Position:   Jr. Member
Date Registered:   June 10, 2013, 01:57:40 AM

You are so experienced and trusted on this forum, I will defer to your great wisdom.
newbie
Activity: 42
Merit: 0
June 13, 2013, 06:07:20 PM
#40
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.


Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.
lol, preaching what? I said they looked cool, I would like to have one, im just stating facts based on experience.    Amateur...
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 13, 2013, 06:02:31 PM
#39
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

Well if casascius silver coins are any indication, you are wrong.

When those first came out, it cost about $80. About 10 bitcoins at $4 each + 1oz silver at $30 + $10 premium.
Check out how much they went for on ebay recently: http://www.ebay.com/sch/i.html?_sop=13&_from=R40&_sacat=0&LH_Complete=1&_nkw=casascius+silver&LH_Complete=1&LH_Sold=1&rt=nc
Granted btc price is >$100 now, but the premium on these are still huge.


Keep on preaching it, no one believes you aquaman, we have seen this all before and the early adopters made out like bandits.
newbie
Activity: 42
Merit: 0
June 13, 2013, 05:30:51 PM
#38
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -

If its current rate of 10 LTC = http://dvcticker.appspot.com/btc-e/10ltc/usd.png at least. Not sure where you get $10.
Current price of silver is $21.81 oz, So that half oz coin is worth $10.90, it dosent matter what it says on it, you can put anything you want on a silver coin, its easy to do and it dosent make it worth anymore, silver is silver. It would be stupid to pay $20 or $30 for a $10 piece of silver.

I'm assuming that these will each be loaded with the private key to 10 LTC - like the Casascius Bitcoins. So $10.90 plus $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...

You should shut up now and look at casascius.com.
And.... dosent mean people are buying... They are cool, im just saying, your paying premium, anytime you pay premium on something there a huge risk youll never get that back. Makes more sense to invest more in bitcoins flat out.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
June 13, 2013, 05:18:15 PM
#37
I would buy one Smiley

edit: I also want to have a silver 0.1 BTC from Casascius Wink
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
June 13, 2013, 07:30:41 AM
#36
looks really nice and precious! would buy some of these
vip
Activity: 756
Merit: 503
June 13, 2013, 04:38:21 AM
#35
It's funny that when I'm thinking about making physical BTC and LTC the forum get filled with potential competion. I will work on something else instead.  Cheesy
legendary
Activity: 1148
Merit: 1001
June 13, 2013, 04:33:21 AM
#34
I found this on image search and saved it to my pc, but cant find the link again.



Your image is not visible:

legendary
Activity: 1274
Merit: 1004
June 13, 2013, 04:28:04 AM
#33
Well these really looks awesome, anyone selling them?
420
hero member
Activity: 756
Merit: 500
June 13, 2013, 04:22:33 AM
#32
who made it
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
June 12, 2013, 10:22:27 PM
#31
They havent even started selling them yet.

Yeah, but I haven't even had mine made yet. There is about a 3 week lead time at the very least to go from a design to a product.

Profit margins are so small for this type of thing, if there's competition I'll have to lower my prices and it's not worth my time. I make $40+/hr at my day job, I'm not going to work myself silly on this project for peanuts.

I actually think I know who is making them by deducing several things because Coblee knows who it is already... this guy is on the Litecoin dev team so it would make since Coblee was aware he was making them. The guy offered to partner with me when I made my thread, but was going to make me sign a contract and pay for legal fees, etc., so I turned down his deal. I suppose maybe it is my fault, but if I partnered with everyone that asked to partner with me in this deal, I'd have 10 partners by now.

Anyways, I guess I'll just go back to being a lowly miner... life is much less stressful that way anyways. Smiley

The person is not on the Litecoin dev team and is unrelated to us. I think you should continue with your coins. Yours is really promising too. There's definitely room for more than 1 physical litecoins. I'd buy both and I'm sure many people will too. So there's no need to have a price war.
sr. member
Activity: 574
Merit: 250
June 12, 2013, 08:05:37 PM
#30
So let's say you buy one @ $40. $20 of that is ltc value the rest is the silver, cost and profit for the minter. 

If one physical coin ..= ltc value for 10ltc ..+ silver value no matter what's done your investment is still solid.  Even if you spent the ltc you could sit on the coin or trade it at market value.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
June 12, 2013, 06:59:06 PM
#29
They havent even started selling them yet.

Yeah, but I haven't even had mine made yet. There is about a 3 week lead time at the very least to go from a design to a product.

Profit margins are so small for this type of thing, if there's competition I'll have to lower my prices and it's not worth my time. I make $40+/hr at my day job, I'm not going to work myself silly on this project for peanuts.

I actually think I know who is making them by deducing several things because Coblee knows who it is already... this guy is on the Litecoin dev team so it would make since Coblee was aware he was making them. The guy offered to partner with me when I made my thread, but was going to make me sign a contract and pay for legal fees, etc., so I turned down his deal. I suppose maybe it is my fault, but if I partnered with everyone that asked to partner with me in this deal, I'd have 10 partners by now.

Anyways, I guess I'll just go back to being a lowly miner... life is much less stressful that way anyways. Smiley
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