The Free Talk Live BBS
Free Talk Live => General => Topic started by: Osborne on March 24, 2011, 05:37:38 PM
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So suppose you could order FTL one-ounce silver bars.
Would you rather purchase fancy mirrored-finish ones like the Lakota, or non-fancy matte-finished ones like the FSP?
Fancy costs about $2 more per piece.
(http://opencurrency.com/public/product/101_obverse_200.gif)
(http://opencurrency.com/public/product/101_reverse_200.gif)
(http://opencurrency.com/public/product/030_obverse_200.jpg)
(http://opencurrency.com/public/product/030_reverse_200.jpg)
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Matte.
If we ever get value backed currency, I hope one vendor will think to make the warehouse receipts in a value, size, and durability for use as G-string tips in a strip bar.
In Norway the smallest bill is around 10 bucks. This makes crotch ganders pretty expensive and few, and the girls get mad if you use change.
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Non fancy.
They look better longer.
Poured bars would be best with FTL stamped into them real cool like, but I dont know if that is an option.
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Why bars instead of rounds?
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Matte.
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I answered Neither since, at the moment, I would prefer a more widely minted coin like the eagle. If I thought I could do useful things with less-recognizable silver (and I'd say there's a reasonable likelihood of this in the future), I would rather not be subjected to the production overhead of the shiny coins.
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Why bars instead of rounds?
Coolness?
Maybe that should be another poll.
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Why bars instead of rounds?
I think bars are cooler than rounds, but I'm just one dude.
Harder to use bars in a hooker vending machine though.
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If it comes down to it, bars look less like "currency" and without ornamentation, it will be harder for the government to prosecute for printing as money.
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Perhaps we should start pitching bullion to sex workers. It tends to be used by agorists, who are more likely to treat prostitution as a perfectly respectable profession like any other, and thus more likely to treat prostitutes with more respect.
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Function before fashion.
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I think the answer would depend on why people would want to buy FTL silver. My guess it is that it would be more of a sentimental or collectors motivation in which case it would be better if it was more ornate and fancier. If the reason people would buy it is for trading or stockpiling then the simpler the better.
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Rounds are better than bars because:
A: they are harder to fake with a lead filling
B: they look cooler
C: they can be both weighed AND measured with a caliper for accuracy
D: visually it is easier to spot a fake
E: they fit in my coin flips
(go with the rounds, I'm more likely to buy them over bars)
I agree with the function before fashion. Keep the cost down and we can buy more and you ultimately get more profit as well.
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Rounds are better than bars because:
A: they are harder to fake with a lead filling
B: they look cooler
C: they can be both weighed AND measured with a caliper for accuracy
D: visually it is easier to spot a fake
E: they fit in my coin flips
(go with the rounds, I'm more likely to buy them over bars)
I agree with the function before fashion. Keep the cost down and we can buy more and you ultimately get more profit as well.
Good points. I'm convinced.
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Rounds are better than bars because:
A: they are harder to fake with a lead filling
B: they look cooler
C: they can be both weighed AND measured with a caliper for accuracy
D: visually it is easier to spot a fake
E: they fit in my coin flips
(go with the rounds, I'm more likely to buy them over bars)
I agree with the function before fashion. Keep the cost down and we can buy more and you ultimately get more profit as well.
Good points. I'm convinced.
Sweet. As soon as you take preorders let us know. I spend a certain amount each week on silver (every monday) so I have to know whether to set aside for some of your stuff or to keep spending while prices are lower. Either way, I'm excited.
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How many dollars under spot are these gonna cost us? :P
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How many dollars under spot are these gonna cost us? :P
I imagine that depends on your stripping talents and how amenable you are to waxing.
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How many dollars under spot are these gonna cost us? :P
I imagine that depends on your stripping talents and how amenable you are to waxing.
I was taught by the master, so pretty cheap I'd guess.
(http://www.myspaceantics.com/images/myspace-graphics/funny-pictures/chris-farley-chippendale-dancer.gif)
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What about Shire Silver co-branding?
http://shiresilver.com/
Info on co-branding -
http://shiresilver.com/product/co_branding_fee
Silver rounds are great. But a $35 coin can be difficult to use for small stuff, like drinks or food.
Shire Silver cards fit in a wallet and are easy to use value-wise.
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How does one verify Shire Silver isn't counterfeit? I've heard good points that someone could laminate a strip of aluminum. At the moment, I'm finding the new laminated junk silver coins to be more appealing.
Also, if you're minting coins, isn't that moving away from the concept of Shire Silver and really a very different thing?
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How does one verify Shire Silver isn't counterfeit? I've heard good points that someone could laminate a strip of aluminum. At the moment, I'm finding the new laminated junk silver coins to be more appealing.
Also, if you're minting coins, isn't that moving away from the concept of Shire Silver and really a very different thing?
I don't like the idea of laminating silver pieces at all. It's a terrible idea. The only way to test for purity is to destroy the card! They'll take up way more space in your wallet than just loose coins. And it's extra labor and cost that doesn't add any value at all.
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Silver rounds are great. But a $35 coin can be difficult to use for small stuff, like drinks or food.
Shire Silver cards fit in a wallet and are easy to use value-wise.
You are confusing me by talking about rounds and coins together. You know there is a difference, right?
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Yeah. the difference is that it is illegal to call something a coin unless the government issues it. If it is a private coin then it is a round.
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Yeah. the difference is that it is illegal to call something a coin unless the government issues it. If it is a private coin then it is a round.
True, but thats a minor infraction. The biggest no-no is putting a dollar value on it somewhere. Thats what got Nuthouse in trouble with the goons. Stay away from that.
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How does one verify Shire Silver isn't counterfeit? I've heard good points that someone could laminate a strip of aluminum. At the moment, I'm finding the new laminated junk silver coins to be more appealing.
Also, if you're minting coins, isn't that moving away from the concept of Shire Silver and really a very different thing?
Defining it as "coins" versus "rounds" is something that the coin community does and we'd do best to specifically follow the correct terms. But that is a minor deal. I heard FTL discussing "laminating coins" the other day. Putting the wrong materials around the coin can damage it over time. Usually people (including myself) put all their coins into "coin flips". Walk into a coin shop and you'll see this is what they use. Its two cardboard squares that staple over the coin with a punch-out in the middle that has a piece of slightly stretchy plastic so you can see the coins. They are cheap and easy to put on the coin so you can always take it off to check out the coin. Also, they can be written on with a pen or pencil.
http://spedr.com/iawj
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How does one verify Shire Silver isn't counterfeit? I've heard good points that someone could laminate a strip of aluminum. At the moment, I'm finding the new laminated junk silver coins to be more appealing.
Also, if you're minting coins, isn't that moving away from the concept of Shire Silver and really a very different thing?
Defining it as "coins" versus "rounds" is something that the coin community does and we'd do best to specifically follow the correct terms. But that is a minor deal. I heard FTL discussing "laminating coins" the other day. Putting the wrong materials around the coin can damage it over time. Usually people (including myself) put all their coins into "coin flips". Walk into a coin shop and you'll see this is what they use. Its two cardboard squares that staple over the coin with a punch-out in the middle that has a piece of slightly stretchy plastic so you can see the coins. They are cheap and easy to put on the coin so you can always take it off to check out the coin. Also, they can be written on with a pen or pencil.
http://spedr.com/iawj
thanks for this!
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How does one verify Shire Silver isn't counterfeit? I've heard good points that someone could laminate a strip of aluminum. At the moment, I'm finding the new laminated junk silver coins to be more appealing.
Also, if you're minting coins, isn't that moving away from the concept of Shire Silver and really a very different thing?
Reputation.
You can cut the material out and test if you wanted.
How do you know a laminated dime is really silver either?
How do you know a silver round is really silver?
I also think if one was going to take the time to print, cut, find aluminum strips, laminate, and use fake Shire Silver one would counterfiet something that would actually make profit. That's my theory.
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Some of you guys are making this waaaay too complicated.
A simple .999 silver round would suffice.
Testing silver and gold is a relatively simple and inexpensive process, especially if they are widely being used as currency. If they are not being widely used as currency, theres no incentive to go through all the trouble and expense of making fakes, so until you get to that point there is very little to worry about. You can use electronic or chemical testing equipment to test up to .999 percent purity if you really think someone is scaming you.
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How does one verify Shire Silver isn't counterfeit? I've heard good points that someone could laminate a strip of aluminum. At the moment, I'm finding the new laminated junk silver coins to be more appealing.
Also, if you're minting coins, isn't that moving away from the concept of Shire Silver and really a very different thing?
Reputation.
You can cut the material out and test if you wanted.
How do you know a laminated dime is really silver either?
How do you know a silver round is really silver?
I also think if one was going to take the time to print, cut, find aluminum strips, laminate, and use fake Shire Silver one would counterfiet something that would actually make profit. That's my theory.
Coins are guaranteed by the country they come from. Shire silver cards are so incredibly easy to fake the likelyhood of someone doing just that is quite high.
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If it comes down to it, bars look less like "currency" and without ornamentation, it will be harder for the government to prosecute for printing as money.
This ^^^^^
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Coins are guaranteed by the country they come from.
Sorta. Not like it matters. At one time they were. No countries are putting out precious metals coins, which would be like dumping money from the countries vaults onto the populace.
They'll guarantee mints are accurate in fiscal counting of non-precious metals, turning it into non-important coinage to help the flow of transactions, as part of the delivery of currency into the money stream.
After that, its on its own. They won't guarantee shit. You could forge a nickel out of a perfect alloy, take it to the Washington Mint, and turn it in as suspected counterfeit nickel. Would they issue you a guaranteed good nickel? No. They'd keep the old one for evidence, and probably detain you for questioning.
You could come up with some really dastardly scheme to mint quarters. The implementation of which is really fucking expensive, to mint coins. Big machinery and whatnot. You'd have no way to deliver it into the moneystream. Its a big, cost-prohibitive procedure that the US Mint actually loses money on, bigtime.
Heres how cost-ineffective it is to counterfeit coinage: You could go out in your garage right now, cut off about 10,000 sections of 1 inch black iron pipe, write $10 on them... throw them in the back of a pickup truck. Deliver them to a bank. Don't even get questioned. Don't get busted. Get $10,000 for them. (not $100,000 - because counterfeit money is discounted in deliverable value to scale)
On your tenth visit, you get busted. You do some major fucking time.
Now... The actual counterfeiting would be like, way, way harder than that. And the likelihood of being busted, way better. I'll bet even the mafia discarded the idea of minting counterfeit coins. And they could get all of the shit delivered to an airplane hangar on credit, including the manpower.
The only way the country would guarantee coinage of precious metals, is if the issued value was so ridiculously high it would benefit the government. Like, if they were offering $1,000 silver rounds. You bring $1,000 cash dollars, the US mint would sell you a 1oz coin of .999 pure silver. And really, is anybody that moronic? The Treasury would back that shit up like a bad-ass motherfucker. Until China started minting exact replicas, turning $34 worth of silver into $1,000 immediately. Then we'd have to nuke China, and everything would go very badly downhill in a fireball tailspin. The obvious alternative is to horde metals and allow the retail market argue over the price.
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Any plans for pre-sale? This can help you guys figure out how much interest there really is for these pieces when you go make a deal with Midas. If yes, I would be interested.
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Coins are guaranteed by the country they come from.
Hah!
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Coins are guaranteed by the country they come from.
Hah!
Guaranteed to be a certain specification, marked with the year and mint so you know the full details about the coin. It doesnt mean much but it is what it is.
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Make these bars soon before the price goes up any more!
Silver $40.93/oz UP 1.29
YEAAAAAAAH
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I've been waiting for it to hit 40 for a while now.
Now that it has, its like the party is over and I have nothing to look forward to.
Hell, I've seen all the midget porn available on the planet.
Guess I'll have to look forward to 50/oz....... or look forward to a correction back down to 25 and buy more.
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Guess I'll have to look forward to 50/oz....... or look forward to a correction back down to 25 and buy more.
I'll take either, gladly!