Polling the people - Coin questions

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tidalkraken's avatar
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Hey everyone! Thanks for being followers of my little DA page, and to those faithful who purchased one of my bits, I extend a particularly warm thanks.

The one bit coin is actually the topic of this journal entry, and I would like to hear everyone's feedback on a proposal I was recently given by a certain Capt-Light-Shine. Essentially, he is offering to produce the One Bit Coin that I have designed (with full credit) and sell them for cheaper than I was originally charging (due to production and shipping costs). My main concern is that this might devalue the coins that I have already sold, although with the signed certificates of authenticity (THAT I HOPE YOU ALL KEPT BECAUSE I FREAKING SIGNED AND NUMBERED THOSE THINGS INDIVIDUALLY) that should eliminate any collectible value issues. I also wouldn't be getting paid any royalties and would have to trust my design in the hands of a group of strangers producing it. Should that be the case, however, I'd draw up an exclusivity contract and an NDA for all parties to sign.

The reason I am considering this, however, is twofold. First, I know that there are a lot more of you out there that want one of my coins, and I know that I can't personally guarantee that everyone could get one, so this would allow broader distribution of this particular art piece and hopefully at a reduced price (unsure of what all that biz is as of yet). Second, name recognition. Having my name out there on a much larger stage would be beneficial.

So, essentially, I'm asking you, my loyal fanbase, what your opinions are. What do you think should happen? Should I produce another 100 coins and then call it quits on the Royal Equestrian Bit, keeping it as a relatively exclusive collector's item and making (albeit slight) monetary benefits, or should I consider this mass-production, unpaid option?
© 2012 - 2024 tidalkraken
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GhostedToast's avatar
I agree with the people here talking about a mint mark. It makes perfect sense really, maintaining both the rarity of your original run and allowing for greater distribution. I also like the idea of a different denomination produced on a larger scale. However, the first option is much better I think.