Topic: [WTS]/[WTT] Lealana 1 LTC Physical Litecoin Brass Coins *PRICES LOWERED* (Read 1694 times)

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Haha let me know.

Every time I see this pic it makes me wanna buy a few  but maybe when I start racking up some more BTC.

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Ha, that's a great response from the seller. So "the lower the LTC value, the higher the impact of the physical product" - the higher the impact of what?

Is there any actual reason why the collector value of Lealana coins should exceed the the collector value of Casascius coins? That's what we're talking about. The physical product has little value, the coin isn't made of silver or gold or platinum, so the physical product is just the collector value.

Saying "because people are willing to pay that much" IS a fair response...it just isn't a reason why.

Thanks and good luck with the sale, they are nice looking coins.

Just because people have been paying higher relative prices for Lealana coins doesn't mean they should, it doesn't mean it's a fair price. People used to buy "snake oil" with the promise that it fixes whatever ails you, but that doesn't mean it was a fair or informed purchase.

As I mentioned, I'm new to this, so I'll have to answer your question with a question - Please show me how or why Lealana coins are more valuable compared to their monetary value than Casascius coins?

E.g., In commodity markets silver isn't more valuable than gold...

Exactly, the lower the LTC value, the higher the impact of the physical product, grading and 'isn't sold anymore' fact.

How many LTC for a 1 LTC Physical

Please find a Lealana coin being sold somewhere currently for significantly less.
I doubt you can do it.
thats how the market works.
The digital value is very different then the collector value, which depends on supply and demand.

Seriously... Hook me up with this place that sells $14 lealana's

To the OP, with absolute respect, I think your pricing is very inflated. Allow me to share my logic and then I hope you'll be willing to share yours. I'm new to BTC and Litecoin so perhaps there's something I'm missing about the Lealana coins.

The Casascius coins are the undisputed crypto-currency tangible coin that has immediate value beyond the BTC value. Lealana coins are a great and beautiful homage to the original Casascius coins for the more affordable Litecoin. It's realistic that they may warrant value for the coin itself (beyond the value of the LTC funded.) My issue is that you're offering these coins at a premium to the price of LTC that exceeds (significantly) the premium Casascius coins demand above the price of one BTC.

One Casascius coin is being offered on this site for 2-3 BTC and on eBay for 1.5-2 BTC, let's call it an average multiple of 2x BTC for a standard issue Casascius coin (not the error coin, not the silver coin, etc.)

You're offering one Lealana coin for .1 BTC (or $63.50 or a multiple of 9x LTC), why does a Lealana coin deserve a multiple/premium that's over four times greater than the multiple/premium that Casascius coins have commanded?

If, IF Lealana coin deserved the same amount of premium as the Casascius coin you should be selling these for 2 LTC or .022 BTC (not .10 BTC) - $14 each.

And I think we can all agree that Lealana coins do not have the same originality, historic, or collector value as Casascius coins, so an even multiple may not even be appropriate. That point, however, is where I may not have complete information. Is there something inherently unique about Lealana coins that command a higher premium than Casascius coins?

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Yep. That's just what I buy into.  I also ignore all alt currencies. Only believe in bitcoin.  That's just me.  I think all else is just hype and others wishing to strike riches like the early bitcoin adopters.  You are absolutely correct about trust.  And I trust Mike.  He's well documented. Plenty of media coverage. Seems like a gentlemen.

On the other point, just see the feedback and posts in the scam accusation section of the forum. Also talk to OgNasy and hear his story as well as numerous others that filed complaints.  They scammed me too in the past.  Just be grateful it didn't happen to you... yet.

Please do enlighten me bitmarket.io
How am I supporting scammers?

@Smoothie - couldn't have said it better!

Thank you for your opinion.

Last I checked physical coins were not a religion. Trust is a factor for all physical coins that do not have some sort of 2FA.

You are entitled to your opinion and choose not to buy any physical coin types. That is the beauty of the free-market. You get to choose.

On your other point why are those people scammers? Link?

I don't believe in any physical coins other than Casascius.

And the poster above me needs a new signature and stop supporting scammers.

I'm interested in 1/2 series one and a couple series 2.
Can you PM me the best price?
Thanks

Sell them on ebay as a lot

Prices lowered by ≈25%. 

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