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mr1030

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About mr1030

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    Male
  • Location:
    California
  • Stacker/Collector:
    Stacker & Collector

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  1. mr1030

    Gold testing

    The basic model will do what you want. It tests gold, silver, platinum and palladium in various purities. The cost goes up if you get it packaged with the different sized wand sensors which do a better job then the main sensor for very small or larger items. The newer Pro version is twice the price but has sensors to examine two sides of an item at the same time, and with the additional sensors can do specific gravity measurements, and tell you how much the item should weigh in ounces. I have the original one and I really like it. I've seen videos of the pro being used and have watched the guy at my LCS use it and it is pretty cool.
  2. mr1030

    Largest

    Bigger then what? How big have you found in your research? Off the top of my head, I think the biggest I've seen are the 10 kilo (22 lbs) Lunar 2 coins made by the Perth Mint.
  3. mr1030

    Yale of Beaufort - Queen's Beasts

    I think it looks great. Seems to be a faithful version to historical drawings. And it continues the style of the previous coins well. Something tells me this will look quite special in proof versions.
  4. mr1030

    Today I Received.....

    2019 Proof Britannia 6 coin and 1 oz sets. 2017 Proof QB Unicorn. 2019-P Lowell National Historical Park 5 oz ATB. 2018 1/4 oz gold South Korean Tiger. And from Provident Metals, the Spartans from the new Warriors series, and The Welsh, 2nd release in the World of Dragons series.
  5. mr1030

    Kinesis Gold and Silver currency

    When I first started looking into Kinesis, one difficult point I had was coming to the realization that KVT have to be looked at as separate from the rest of the system. All KVT's are is a funding token to get Kinesis up and running. Think of it as venture capital, and KVT's as stock. Kinesis needed 15k KVT tokens sold to launch the system and they have sold roughly 61k so far. We have been told that there are some big whales waiting to buy the rest of the tokens, but the founders of the company have held off doing so because they wanted as many individuals to buy KVT's as possible as they are then invested in the idea and would be it's biggest and most passionate promoters. KVT ownership is not required to mint coins or participate in the system as a user. So in that regard, it doesn't matter if there are 629 KVT owners, 5000, or 10 big whales buying all 300,000. KVT owners are just investors in the company.
  6. mr1030

    Kinesis Gold and Silver currency

    The idea of the cycles is that you repeatedly re-invest your capital in minting more coins. Let's say I'm going to mint $5k worth of coins. I qualify for the minters yield as soon as I spend the coins, send them to someone, or sell them to someone else on the exchange that wants the coins but doesn't want to or can't mint themselves. In my case, I plan on selling them on the exchange. As soon as I do so, I will use that $5k I receive from selling the coins to mint another $5k wotth of coins. Sell those on the exchange, and repeat as quickly as I can. Each cycle is adding more coins to the system, increasing market cap, and generating more fees as they circulate. All happening with just an initial $5k on my part. The limiting factor is how quickly can you off load the coins on to the market. In the beginning, I have no idea how quickly that will be as the system isn't live yet. But Kinesis is aiming for a global market. I'm anticipating as we approach May, they will be increasing their advertising and marketing to get as much exposure as possible come launch. As the system starts being used, the hope is that demand will grow and cycle durations to re-mint will shorten.
  7. mr1030

    Kinesis Gold and Silver currency

    I think you are right. A better price spread and it provides a more efficient means of transactions and storage for the big players. Also from what I've read, KWG and KWS actually assign a specific numbered bar to the digital coin. In the case of KAU and KAG, the currency grants you ownership of the equivalent weight in metal, but the currency isn't specifically attached to a specific bar.
  8. mr1030

    Kinesis Gold and Silver currency

    I would agree if the aim was just to go after the tether market. What I find interesting is that their system can appeal to a wide variety of markets. Stable coin that pays yield for crypto traders. Fee-less bullion storage that earns yield for bullion banks, retirement funds, hedge funds or anyone that currently vaults their bullion for a monthly fee. Banking via mobile for those without convenient banking in their area. Preservation of buying power in those countries that have run away inflation or otherwise crappy currency. The convertability via the debit card to local currency at point of sale makes it easy to use. There are many different use cases that it could appeal to people. Just like any new system, wide spread adoption would take time, but even if their velocity is a lot less then projected, the % yearly return on KVT purchase price should be good. One of the Ambassador's on the community channel programmed a spread sheet to calculate KVT returns based on any velocity % value you want to enter. Even much lower velocity numbers gives nice returns. The system as a whole can be hard to take in and comprehend in just one sitting. I had to go back and look at the blue print and follow the questions that were raised in the Telegram channel for a while before I was able to appreciate just how big a system these guys were creating and the potential it has.
  9. mr1030

    Kinesis Gold and Silver currency

    The Tether comparison is made as Tether is probably the best known so called stable coin. And your right that Tether is used mostly by crypto traders to get in an out of other crypto's when their price plunges, and then trade back in on the rise. Kinesis is aiming at that market (as well as others). Given the choice, would someone who is temporarily exiting the bit coin market due to a down market rather hold their dollars in Tether, or Kinesis and receive a yield while doing so? And now that the KAU and KAG can be bought with Tether directly they have made it easier to do so. Can convert directly to Kinesis from bit coin or tether.
  10. mr1030

    Today I bought.....

    Just picked up a 2011 American Eagle 25th Anniversary 5 coin set at the LCS near work today. The W proof had incredible toning on it, and was a big reason I bought this set rather then continue looking for a blast white set. I'm not one of those collector's that goes for toned ASE's usually, but this proof is striking with a beautiful dark blue to violet toning across the mirrored fields and Lady Liberty.
  11. mr1030

    Today I Received.....

    A 1978 1 oz gold krugerrand, and the first of 3 limited prints made by the U.S Bureau of Engraving and Printing and sold by the U.S. Mint to coincide with the release of the 50th Anniversary Apollo 11 commemorative coins.
  12. mr1030

    Today I Received.....

    1947 Swiss 20 Francs
  13. mr1030

    Today I Received.....

    Latest issue from the EC8 series. 2018 Anguilla 1 oz silver. 6 of the BU and 2 of the colorized proofs. 6 issued so far, 2 to go.
  14. mr1030

    To break out or not?

    I would think it wouldn't be an economical option unless you have some extensive experience in grading yourself that makes you believe the coin was under graded in the first place. The way your op read, it looks like you are just looking for a hail mary in the hopes that the coin will come back a 70. That doesn't sound like a good odds proposition.
  15. mr1030

    Today I Received.....

    Received all of my Apollo 11 50th Anniversary coins today. 5 oz Proof 2 each of $1 Proof and BU $5 Proof and BU 5 of the 50 Cent /Reverse Proof Kennedy sets