Wednesday, January 23, 2013
III: 1 ounce silver coins
Jamie had what I think is a fabulous idea, and she has done a lot of legwork in finding out how viable it would be to design and have a 1 ounce silver bullion round (.999 of course) minted.
Forget the 30 second artwork I added to the silver blanks above - if we do it we'll do something awesome.
My question: Is a III silver bullion round something you would buy to support III efforts?
My thinking is that the first one purchased would have some profit built into it - it is a fundraising vehicle, afterall. But after you've bought the first we would try to be as close to market prices as possible for all future purchases. Part of that market price would have to include the cost of striking our own designs - we could never mint enough to get the same price breaks as the US Mint, for instance.
Of course if the bottom falls out of the economy you'd be holding a silver bullion coin and the value would skyrocket.
Is this an idea worth pursuing? We actually have the resources to do an initial run if there is serious interest.
PS: IIIGear folks - a boatload of gear went out Saturday (remember Monday was a holiday and nothing was moving) and more went out today. If you are waiting on gear it is probably en route right now.
Posted by K at 10:03 PM