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RE: Gridcoin Millionth Block Commemorative Coin

in #gridcoin7 years ago (edited)

The cost and manufacturing process are prohibiting the number of coins we can manufacture. The current proposal suggests giving one coin to The Gridcoin Foundation to do with as it wishes -- auction for funds, hold, auction and burn proceeds, etc -- and the other to the miner of the millionth block. There are proposed contingencies regarding the 2nd coin as we might not be able to contact the miner. Full details can be found in the #branding channel on slack and we'll post a proposal on other community hubs once we gather feedback from this post and the conversation in Slack.

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May I ask what the approximate cost will be? Just out of curiosity :)

the cost for minting is about:

For a 5cm diameter coin, metal print costs, one-offs (material cost):

Stainless Steel - USD$44
Gold Steel - USD$48
Brass - USD$191
Stainless, Gold Plated, 14k - USD$225
Pure Silver - USD$317

And then Gold and Platinum dust prices are just insane. Titanium is out of stock for the printer model...

Printing is thus prohibitively expensive.

Some fun things we can print though:

Sandstone - USD$8
100% Pure Platinum - USD$13,252 (dies)

To clarify, this is for printing coins. The process is you buy substrate dust, and use a laser to melt the coin layer by layer out of the dust.

It would be far cheaper to use a die, for example, for large volumes. Benefit of printing is it looks slick as no matter what the design is, whereas a die has limitations on the models.

this is why i'm a fan of brass cnc or gold plated steel for this set of coins which must be completed and ready to ship by August 17th

1 piece stainless steel then please...you know what, screw it! I'll take a 100% pure platinum! XD

I ll take one from sandstone ^_^

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