London, England -- (SBWIRE) -- 04/28/2015 -- Infinitum Bitcoins has confirmed the 25th May as the order and shipping date for the Da Vinci Ingenium Physical Bitcoin.
Infinitum Bitcoins first announced the new physical Bitcoin earlier this year. The coin made form two troy ounces of pure silver featuresa portrait of Leonardo Da Vinci.
Alec Johns from Infinitum said in an interview:
"We expect all 2,222 physical coins to be minted by the 20th of May, final preparations will take us to the 25th for pre-registered customers,and wewill have coins ready to ship immediately".
Other physical Bitcoin providers usually take pre-orders so they can gage a sense of volume and help them fund the rather expensive minting processes. Infinitum bitcoins is going against the norm by minting all 2,222 coins in advance and then waiting for the orders.
When asked about this somewhat risky strategy of minting every coin in advance Alec Johns responded:
"Pre-registrations have been very encouraging, even though the pre-registration requires no commitment to purchase, the process has presented some key metrics into consumer response and demand".
Johns went on to say "Paying for items weeks in advance should be done with great care, external factors such as suppliers or shipping can cause unexpected delays to the promised delivery dates. We on the other hand will have all the coins ready to delivery".
The coin is available in a number of options including BIP38 Two Factor Authentication should the customer wish to have more control and security over the private key. Alex Johns explains the three options available.
"The coin can be purchased in three modes, first one being BIP38 Two Factor Authentication mode which allows the customer to generate an Intermediate code with a passphrase using a site such as bit2factor.com or their own generator, then send that to Infinitum during the ordering process. We will then generate encrypted private key and public address send the public address and the Confirmation code to the customer so they can check that we have used their Intermediate code to generate the address.There is no extra charge for BIP38 and we recommend people take advantage of it.
The other two modes are much simpler, we send the customer three stickers and they can implement their own address and private key,finally the most common for physical bitcoins manufactures is that we implement a private key and address under strict supervision in our facilities."
The company confirmed that it had received from its American suppliers the final batch of security holograms also the draft coin showing the obverse side of the coin and all papers and stamps need to produce the various certificates . The company expects in the final coin minting dies will be ready in the next two weeks and then minting can begin.
Pre-registration is a simple expression of interest by submitting your email address, no actual payment is required. Once registered, Infinitum will contact you 22 hours and 22 minutes in advance of the coins going on sale to the general public. The big perk is pre-registered customers can choose their own number starting from 2 to 2222 and expedited shipping Non-registered customers will be able to choose a number starting from 101 to 2222.
About Physicl Bitcoins
Physical bitcoins have proven to be very lucrative investment, the very first coins where produced by Mark 'Casascius Caldwell he no longer makes coins, now they are collectables. The original Casascius series of coins from 2011 made with nickel-brass alloy today sell on ebay for anything between $1,800 and $2,200.
Premium physical bitcoins such as the Da Vinci Ingenium coins from Infinitum carry potentially a large a premium in the future,the use of precious metals, and limited mintage makes the coins rare thus should appreciate in value over time.
Whether you are a collector or an investor, this luxury physical Bitcoin may be worth a closer look.
Contact:
Infinitum Bitcoins Limited
Alec Johns, Sales Director
London, UK
hello@infinitumbitcoins.com
Website: https://www.infinitumbitcoins.com/