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Topic: These physical LTC look awesome! - page 3. (Read 3763 times)

hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 12, 2013, 06:44:36 PM
#28
They havent even started selling them yet.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
June 12, 2013, 06:29:09 PM
#27
Looks like I have competition.

I don't want to get in a bidding war with another physical Litecoin company, so I think I'll just bow out gracefully.

Perhaps I shouldn't of posted my idea here on the forums for anyone to steal... oh well, you live and you learn.
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 12, 2013, 06:13:02 PM
#26
If they are solid I dont see why this wont be huge.
full member
Activity: 224
Merit: 100
June 12, 2013, 05:47:25 PM
#25
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.
full member
Activity: 238
Merit: 100
June 12, 2013, 05:32:00 PM
#24
Hope one will be able to purchase them for LTC, not USD  Grin
full member
Activity: 122
Merit: 100
June 12, 2013, 05:21:25 PM
#23
I think some people missed the part where it's also a pre-loaded wallet with 10 LTC on it. You can open it up, withdraw 10 LTC, then sell the 0.5oz of silver. The "10 LTC" written on it is just telling you what it contains, not an attempt to fix a value on the coin.
hero member
Activity: 938
Merit: 1000
www.multipool.us
June 12, 2013, 04:10:53 PM
#22
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.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
June 12, 2013, 04:02:11 PM
#21
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.
member
Activity: 87
Merit: 10
June 12, 2013, 02:36:29 PM
#20
These are worth the same as any other product or service is worth; what the merchant is willing to sell them for and what the market will pay for them. Personally, I think they look pretty cool and may be persuaded to trade some BTC/LTC for some, depending upon the selling price.

newbie
Activity: 42
Merit: 0
June 12, 2013, 02:30:52 PM
#19
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 $23.79 plus premium to cover manufacturing costs and some profit for the guy making them. Gotta be looking at around 40 bucks each.
Yea but when you go to sell them no one is going to pay that premium you spent, so your losing money on them.. They are strictly souvenir coins. A big enough company puts any design on a coin they want and sell them for pennies above spot... apmex.com  -  providentmetals.com  - I am a gold and silver investor, I never buy anything with a premium, because your just losing money on it, but thats just me...
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 12, 2013, 02:27:36 PM
#18
Personally I wouldnt wear it at all, but I know others who would. And other coins dont have the L on it Tongue
hero member
Activity: 868
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
June 12, 2013, 02:25:29 PM
#17
I would pay more than that for one. Even just as a souvenir, but I know of several people that would drill a hole and make a necklace and would probably pay ~100$ for it.

Why not just buy a generic silver coin for $20 and drill a hole in it yourself?
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 12, 2013, 02:21:30 PM
#16
I would pay more than that for one. Even just as a souvenir, but I know of several people that would drill a hole and make a necklace and would probably pay ~100$ for it.
sr. member
Activity: 397
Merit: 250
June 12, 2013, 02:17:47 PM
#15
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.
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 12, 2013, 02:09:14 PM
#14
I guess they didnt cost anything to make then. Or have any collectors value.
newbie
Activity: 42
Merit: 0
June 12, 2013, 01:59:11 PM
#13
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.
member
Activity: 77
Merit: 10
June 12, 2013, 01:56:55 PM
#12
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.

And that means litecoin would go up in value and it would now be backed by silver... totally negating the concept of digital currency...
hero member
Activity: 742
Merit: 500
Its as easy as 0, 1, 1, 2, 3
June 12, 2013, 01:55:14 PM
#11
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.
newbie
Activity: 42
Merit: 0
June 12, 2013, 01:49:47 PM
#10
Looks nice, but if so, that 1/2 oz silver 10 LiteCoin round is still only worth 1/2 oz silver, about $10 -
sr. member
Activity: 403
Merit: 251
June 12, 2013, 01:46:20 PM
#9
Awesome. Not sure if the "very expensive high security tamper proof hologram to secure each private key" method is practical...
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