Post
Topic
Board Marketplace
Re: Casascius selling direct again
by
rpietila
on 01/05/2013, 16:28:51 UTC
How about $1000 over spot?  2-factor included free (and if it's 2-factor, it also includes the option to not actually fund the coin...ever...if you so desire...for reasons I've explained elsewhere)

I realize that's quite a jump over my original starting price, but it's still half the markup as measured in BTC as it was months ago.  The flip side is, if I end up establishing that the market is willing to bear this USD price, and I am able to sell off my 2012 supply at it, I suddenly have a business case for another big run of gold coins, which up until now is running at a loss (save for gains related to BTC exchange rate itself, which keeps me happy but won't help me justify another gold coin run by itself).  The folks I have minting the coins don't like doing gold in anything but a big run because they essentially have to deep clean their entire production line twice to switch it from silver to gold and back so as to not compromise product purity...but they'll do it if I'm willing to place a healthy order, and I'll do it if I know that the price I"m charging essentially insulates me from the risk of volatility and covers the relatively high initial production costs.

If you want to place orders and calculate the price using gold spot and MtGoxLast and order them through the auction feature on my website, I'd be willing to accept the order immediately.  Please send 2-factor intermediate code in notes.  2-factor is mandatory if you won't be funding the coin, but you also don't need to send me 1000BTC in that case.  It's also a terribly good idea in any case (just pretend trust only goes so far...for the sake of limiting my own anxiety, I don't want to be trusted with hundreds of millions of dollars in value, honest!)  Suggestions for the passphrase: imagine you might engrave the passphrase on a trophy nameplate and make it part of your presentation display for the coin...something neutral (like X5Ab3kZF1W) or a phrase praising Bitcoin ("It was Satoshi's genius vision in 2008") will maximize the appeal to a potential second owner.  I will provide digitally signed certification of the BIP38 confirmation code so you can prove to a secondary buyer the correctness of your passphrase.

Is this the same guy who complained about the luxury in my summit...?  Roll Eyes What was the talk about the speck...

I will drop a PM soon if you are interested in selling to me also, coins for about BTC1500.