The American Open Currency Standard organization allows people to design their own "coins". The cost to produce the die set is listed on their site as $2,500. I believe this gets a set of dies created that they keep - in other words, you give them a design, they build and keep the dies and run their own mint. Our first estimate for building a die set for Shire Silver was around $3,500. That included an initial run of 500 pieces as well as the engineering and testing needed to fine tune the dies to get them to come out to 10 grams. I believe the final cost of additional die sets will be significantly lower. We might even be able to get them down to around $1,000. If the cost of additional die sets is low enough, we should be able to sell a bunch. If the price is too high, they won't sell as well, so we might look into leasing as an option. One problem with leasing is that it would require us keeping track of who has the die sets - when selling them we can do so anonymously. I believe anonymity is a very important aspect of this project, and so I am hoping that most of the die sets can be sold as opposed to leased. Anyone have more thoughts on this issue?
Wed, 12/17/2008 - 16:05#1
Selling or Leasing Dies