Quote from: molecular on September 19, 2013, 06:23:18 AM

Quote from: casascius on September 19, 2013, 03:15:13 AM

Quote from: PrincessTrouble on September 19, 2013, 01:38:27 AM

Any ETA on the 0.1's?

They are now online! 9 BTC for a roll of 20, and they turned out SWEET.
[SWEET pics of silver coins]

sweet or not, that price tag is ridiculous: BTC 0.45 a piece.

silver value: ~ 0.03 BTC = 6.7% of price
bitcoin value: ~ 0.1 BTC = 22.2% of price
markup: ~ 0.32 BTC = 71.1% of price

So the value you get by "recycling" the coin is roughly 29% of the price (even worse considering reseller pricing will have to be yet a bit higher and also shipping).

This percentage used to be close to or above 80%.

I was truly looking forward to reselling these coins, but frankly, Mike: that markup is preposterous and I'm going to have to let that business opportunity (if it is one to speak of at all) slip by.

+1

Price will drop like a brick on ebay...