Re: NEM Official Moderated Thread - Crowdsale has begun[Updates & Discussion]

"One asset is convertible to a 1oz 999 pure silver proof bullion coin, with a cold wallet attached containing 100 NEM. Worldwide, insured shipping included in price."

so the coin is worth more than the nem inside ? seems not very smart. i'd have bought some if coin was loaded with 100k nem for fun ("NEM will have a maximum of 4 000 000 000 coins")

my ~~2 cents~~ 100NEM

Considering that the coins are selling for 100k NEM, I don't think it is reasonable to ask for silver/packaging/minting/shipping/insurance for free Wink

http://forum.nemcoin.com/index.php?topic=2368.msg4541#msg4541

Yes, If 100k NEM was added to the gold coin then it would have cost much more than the current price. The idea is to sell a physical commodity and support the development of a "Mobile Wallet and a Fast Exchange". So people buying these coins are not only helping the developers raise some money to help fund the side projects but they are also doing a huge favour to themselves and the whole community. In the end they also own physical assets which are not likely going down in value in the future. Infact in 2-3 years when NEM has reached greater heights, these coins will be highly collectible and will carry a hefty price tag. These side projects are really going to define NEM and make NEM standout from the rest of the Coins currently in existence.

I appreciate that you got the spirit right and that it is not material benefit we are talking about here.

Edit:

If one actually went to Perth Mint and have a look at how much those coins cost (they are priced before shipping and insurance), one will understand that we are not making a killing here. It is more a mutual benefit. Buyer gets coins, we get some money to pursue the project to benefit the community eventually. In fact, the indirect consequence will be an appreciation of NEM, which also will benefit holders of these NEMs.