Steemit's Own Original 1oz Silver Coin - Be a part of History - Gauging the Interest of the Steemit Community
How much do you love Steemit?
Do you currently own or want to own Silver?
What if I told you could purchase a 1oz Silver Steemit Coin?
This could soon be a reality!!
After talking with a few other Steemians who are as enthusiastic about silver as I am, we have decided to bring this proposal to the Steemit community.
Speaking on behalf of the Silver community on Steemit, we propose to create a custom 1oz .999 fine silver coin that is special to Steemit.
You do not need to be part of #SteemsSilverGold to order this coin as anyone can order it.
The price of silver has been pretty stable over the past year. Now is a great time to make your first purchase of silver or add to your existing stack.
Business Strike vs Proof Strike
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The first option, that must be decided upon is whether to go with a business or proof strike as the mint offers both. The business strike is the cheaper option, but doesn’t have the same finish as the proof strike. For your help, we have included a description for each of them.
With a business strike,
A long shinny strip of silver is fed into a machine. This machine punches out blank silver round. Once punched out the silver rounds travel down a conveyor belt and then they land in a bucket. Each blank after falling from the conveyor belt will clink together in the bucket as they fall in. This action can leave tiny little marks on each blank. When the coins go to press those small marks are typically covered up by the design.
On the other hand, with a proof strike,
This (the tiny little marks on each blank) would not happen, the level or care and time that go into to insuring a perfect finish is extensive. That’s what constitutes most of the price difference. You’re paying for a perfect finish and the time it takes to create it.
You might be thinking let’s go with a proof strike, but the price difference is staggering to say the least (more on this later).
The only downside to the business strike is the minimum order requirement of 1,000 coins.
Price
With most things, when buying in bulk the price per unit decreases. The price per ounce of silver fluctuates on a daily basis so this price may change depending on the price of silver at the time of ordering. Since this is a custom coin there a cost associated with creating a die, but this is included in the cost per coin.
Business Strike (Estimated cost per coin at a price of $17.50 per ounce of silver)
| Quantity | Cost Per Coin | Serial Number on Edge |
|---|---|---|
| 1000 | 23.50 | Yes |
| 2500 | 22.75 | Yes |
| 5000 | 22.50 | Yes |
| 10000 | 22.00 | Yes |
Proof Strike (Estimated cost per coin at a price of $17.50 per ounce of silver)
| Quantity | Cost Per Coin | Serial Number on Edge |
|---|---|---|
| 100 | 42.00 | Yes |
| 250 | 34.00 | Yes |
| 500 | 30.00 | Yes |
| 1000 | 29.00 | Yes |
| 2500 | 27.00 | Yes |
| 5000 | 26.00 | Yes |
| 10000 | 25.00 | Yes |
My thought is to go with Business Strike assuming we reach the 1,000 coin threshold, but I want to hear from the rest of the community.
Minimum Order
There is no minimum order.
Payment
The mint does not accept Bitcoin, but we are willing to accept Bitcoin (BTC), Steem (STEEM), or Steem Dollars (SBD) for this order.
Shipping
Shipping is $20 per order within the United States
Every order is fully insured as the coins will be shipped within the United States using Priority Mail.
International shipping may be possible if some Steemians know the best way to ship silver, but the cost may be more.
All packages over 25 coins will require a signature confirmation.
You will receive an email once your package has been shipped.
Design Contest
If we move forward with this order we will have a contest to design the front and the back of the coin. More details will emerge over the following days to weeks depending on the feedback we get from the community.
Now is the time to get into silver as most of us in the precious metals world believe the price is going to be much higher in the years to come.
Help to spread the word about this idea to other Steemians by Resteeming this.
Are you interested in purchasing some Silver Steemit Coins? If you are, please include the strike type (proof or business) and the number you would want to purchase.
Updated List of Number of Coins by user (if more than 20 coins)
| User | Number of Coins |
|---|---|
| @sevinwilson | 50 |
| @raybrockman | 60 |
| @neoxian | 60 |
| @goldkey | 20 |
| @coolbrowser | 50 |
| @oldman28 | 20 |
| @spicyer | 120 |
This is a great idea @sevinwilson. We would love to be involved if you want any assistance, we are a private Mint and do a lot of overseas transactions, we can likely get a better price and much more reasonable minimum orders. Check us out at www.phelimint.com and shoot us an email if you want.
Seems to be a great idea. The timing appears very good. It is and will be a highly appreciating asset. Price of silver alone, should go up and up and up.
Let's ask the MintMan; can't you use the same dies to create 100 proof rounds and then 1,000 BUs? Most people will want BUs due to financial restraints but for various reasons, the proof rounds are popular among collectors and they tend to appreciate a great deal more in price.
Yes! Should be able to use the same die, which is great news! Working with Phelimint to figure out some of the details!
Unfortunately you cannot use the same dies, the proof dies are highly polished and slightly different.
This is tempting and great news! I will be sending you an email this evening!!
Thank I have replied, I think we can definitely figure something out.
This is all I can think about now.
If I can get them shipped to Australia I'm keen for 10 biz really soon.
If it's still a few months off, then I'll be after 20.
(Not crazy liquid right now)
We can definitely ship them there. It was $25 last time I send coins there, so we'll figure something out.
Yeah I'd be interested in 10 but would have to see what the shipping was to Aus as well
I've never been a stacker, and I'm not particularly bullish on silver, but I can see these, particularly the first batch, becoming real collector's items in the years to come.
Are you on Steemit.chat?
No, I've never used chat, sorry. Is there a group one going on?
Working on getting one, but it may not be necessary! We are trying to find someone to receive the entire shipment in a country that has multiple orders to then ship the small orders to everyone else.
I'm interested. I'll buy 60 of those.
I'll go for business strike.
Edit: 60 instead
Come on get 40
No man, you get 60, like me now.
Alright 60 it is.
Sweet! I will keep you updated!!
So there is 120
880 left to sell,,,who else wants some?
We are well on our way! Once we get to 500, the rest will come!
I'd be in for 50 if it's quick. Silver could go up 10 or 20 bucks overnight if WW3 breaks out. And I'd prefer the business strike this time. But would like to see a proof maybe in future.
The order would be placed in September as long as we have people committed to buying a minimum so the price isn't too much per coin!
I would love to buy one as a novelty. It would end up being like $30+ per coin after shipping so I won't be buying it for silver weight, I can get it cheaper at my local store. It would be a sweet display piece though. As far as the process, business is good enough for me.
That is why you buy 20! :)
I'll commit to 10 coins biz strike.
Great idea!
Awesome! We will keep you updated!
Im in for 120 for sure. Possibly more. I love the idea. @sevinwilson we can email to confirm.
Nice! Are you on Steemit.chat
I'm not, but if I need to I'll figure it out.
We should be fine for now!
Any Update on this?
Yes! We have purchased the metals! Working on design now. We are collecting payments! Email me at [email protected]
Put me down for 60, looks awesome. I would take either strike.can they work out a deal to do half and half. Half of the order from the mint in proof and half in business? I want 40 either way.
Edited: 60
You're in for 60!
This may be possible! Depending on the numbers and the mint we use in the end! :D
Awesome Idea! I'd be down for 10! Business Strike All the way...
Sweet! We are continuing to get closer to our number! Thank you!
@sevinwilson I will take 20 biz plz if you ship to Canada.
The mint very likely may be in Canada! :) I will put you down and keep you updated!
I'd be interested and might organise a group buy for Aussies via www.silverstackers.com if the design looks good. Business strike the way to go I think for any kind of volume.
That would be perfect! I think business strike for this first round will be the decision. Assuming the design is good, about how many would you order in the group buy?
Hard to say. What I would do is post the design up on that site to garner interest and after a few days I'd have some commitments from buyers and a number. That's how group buys work there. I'd probably get a roll/tube of 20/25 myself.
did you get the message on Steemit.chat?
Yes, but I was asleep. Shipping within Australia is usually between $2 and $15 depending on size, weight and urgency. You can find it all out here :-
https://auspost.com.au/parcels-mail/calculate-postage-delivery-times/#/
Sent you another message in Chat