Quote from: jcoin200 on March 02, 2015, 03:58:05 PM

Quote from: gravitate on March 02, 2015, 03:27:24 PM

Hi so basically that is exactly what I intend to do. The customer pays 270 GBP then when the coin is finished they will send 1 BTC so I will then ship the coin and then fund when the coin arrives to the purchaser. This way there is absolutely zero risk of the volatility of the bitcoin value.

That still doesn't solve the pre-order arrangement, I think that is also a concern. Do you have firm quotes for your fabrication/machining costs? What about variations in the price of silver?

I have firm quotations on travel, machining and other costs incurred. I have done the maths repeatedly so as to make sure everything works out ok. Also the pre sale is the only way to make sure all my efforts do not go to waste. The price of silver is not exactly a major concern as the silver is actually already owed to me by a Mint.

Quote from: bithalo on March 02, 2015, 03:35:24 PM

gravitate...great concept...and very innovative in both the coin design and treasure hunt.

A couple things...

1. The community was badly burned (myself included) on the coinographic fiasco. There will likely be a lot of people averse to doing another big ticket pre-order.

Even before coinographic, it took a while to get 20 people to pre-order for example ognasty's Nastyfans 5 oz silver, though thankfully it was successful. He accepted partial pre-orders of $100 up front.

I fear it may take months to get the 35 pre-orders for a big ticket item again, which makes the buyers wait for a long time with money tied up and worrying if the coin will get made.

2. Though I personally have purchased from you and trust you, may I suggest accepting escrow? Another option is crypto crowdfunding via say startjoin.

3. Any chance not having this coin funded? I cant picture anyone wanting to destroy their coin to get the key inside. Unless the coin can be relatively easily opened and put back together with just a indication of tampering, I don't know how many people will want to do it.

Even if the coin appears tampered with, what stops someone from sending it to ANACS to have it sealed in a holder to hide the fact it was opened?

4. Can you provide any more details about the treasure hunt? For example, how many places / countries you have to visit, to get an idea of the level of effort?

5. The design has a little bit of cryptolator "unchained" in it. Crumbling banks, people, coins, chains. I like it.

Good luck with the effort. I for one will be ordering a coin.

1. I started at an ideal value of how many I would like to sell before manufacture starts. I would possibly reduce this pending on how much interest there is.
2. Escrow- No I don't really want to go down this road as I already have another coin in late design that I will be funding so the pre orders will help with cash flow as the process of making the coin goes.
3. An option would to be sell a small quantity unfunded coins. Like a limited run of the original coins that have no machining done. But the damage to the coin will not be so bad. With some slight semi skilled workmanship (by anyone) you will be able to get the coin to a reasonable state but the evidence of tampering will be there.
4.From asking a few members before the announcement of the coin I did ask and I have made the final gold coin location 1 flight away from where you will be in the world (depending on connections) i.e. you will only have to travel to one location when ever you work out where that location will be and from there navigate to the Gold coin.
5. Yes I really like cryptolator coins. Actually they gave me the idea of having a scene on the back of the coin. In this case there are chained up slaves parading from the bank enslaved by the bankers. All this while the Sun is a bitcoin which is melting the banks and freeing the people, giving them chance to fight the people who enslaved them.

I will think about the pre order status and modify the thread tomorrow.
Thanks for your input!