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My Latest Pet Project : Getting Silver Back In Circulation

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jbuck's Avatar
United States
188770 Posts
 Posted 08/30/2012  11:33 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Is it odd that I had a dream about these last night? No?
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Schwanke's Avatar
United States
242 Posts
 Posted 08/30/2012  11:41 am  Show Profile   Bookmark this reply Add Schwanke to your friends list Get a Link to this Reply
These are so pretty I would actualy just collect them. I am not so sure they would really circulate. Most people who understand what a silver coin is tend to keep them so making it 'obvious' like this with such pretty packaging would probably cause people to keep them as a neat thing as opposed to an investment.

I also think people are going to assume that since its so well packaged its worth a lot more then 'just a quarter' or whatever (which of course it is) but most people are not going to know how to 'spend' something like this or think its too wierd for other people to understand and so they would just store it again.

Still I think its a great idea and would love to get my hands on some. Even if it means if I ever find my own silver coins getting them packaged somehow hehe. :)
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 08/30/2012  5:10 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Alrighty, was busy today so I wasn't able to upload the pictures as soon as I wanted to.

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation
My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

So the first size was too small for the laminating pouches I'm using, so I had to enlarge the design. This actually gave me lots of room to re-arrange things.

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

I printed it first as a fold-over on cardstock, which was nice and thick, but when I put it through the laminator, it wouldn't seal.

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

The second time I tried it as a fold-over on regular paper, and that seemed to work well enough to pass around. :-)

The only thing I don't like about it is that it's a bit wrinkled around the dime and that I may want to re-arrange the text and flip it on the reverse so that the dime is "right side up" on both sides.

Tonight's experiment will involve making the "window" much smaller, which should strengthen the laminate and stop the wrinkling as well as putting together features that will make larger print runs easier to print in sequence.

Once I can figure that out, it's on to writing the database and then making a run of 10 or 20 for testing if people will accept them. I can see some people hoarding them as you suggest, Schwanke, but I *hope* (and that might be a big hope) that the website will encourage circulation.

(Edit: Also don't mind the nasty rough edge on the circle window. This prototype I made with an exacto-knife. When I really get this going, I'll be feeding them through my CNC paper cutter/plotter which makes a nice clean, professional edge.)

More pics on that soon. :-)
Edited by SteveCaruso
08/30/2012 5:27 pm
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SteveCaruso's Avatar
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 Posted 08/30/2012  5:12 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
@Schwanke - Also, if I can get the process down pat, I don't see any reason why I wouldn't be able to open that up as a service for other people to submit their coins for. :-) *REALLY* cheap, TPG (well.. 'TPA' third party authentication and tracking ;-) ).
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jbuck's Avatar
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188770 Posts
 Posted 08/30/2012  5:49 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Why do I get the feeling that this thread will become a reference link in a Wikipedia page some day?
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 Posted 08/30/2012  6:58 pm  Show Profile   Bookmark this reply Add tzarmarko to your friends list Get a Link to this Reply
Great Job! Can't wait for the distribution. Wonder if ky coin store will accept them....
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 08/30/2012  7:18 pm  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
If I won the lottery, id put some silver 3ps into circulation in the UK - I admire your dedication to handing out your wealth!
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 09/01/2012  03:42 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Update: Ok so it's too late for me to post the results of today's tinkering, but after some trial and error (and error.. and error..) I think that tomorrow's draft is going to be the one I'm sticking with for the first run.

Pictures tomorrow.. as it's too blasted late right now... :-)
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argentum's Avatar
United States
1195 Posts
 Posted 09/01/2012  2:31 pm  Show Profile   Bookmark this reply Add argentum to your friends list Get a Link to this Reply
Perhaps a bit late, but I'd have the box on the lower left of these cards read
"X grams of 90% pure Silver"
The layperson might not understand what .900 means and forget after we tell them.
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 09/01/2012  3:47 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
On the current back of the card it disambiguates, stating: "A silver dime weights 2.5 grams, / 2.25 grams of which is silver (90%)."
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 09/01/2012  7:52 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Blargh, I've been too busy again today to post pics. I now have a prototype I'm happy with, though. It's a little wrinkled, but it looks good and does the job properly. I can also print serial numbers on this paper thickness with little difficulty.

Pics soon, I promise. :-)
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jlgaudlitz95's Avatar
United States
280 Posts
 Posted 09/03/2012  12:42 am  Show Profile   Bookmark this reply Add jlgaudlitz95 to your friends list Get a Link to this Reply
I think that it is a great idea! Piece of advice- make sure it is the exact size and shape of a credit card, because people will be more willing to use them if they are a familiar size/shape and can more easily fit in their wallets. Also, the president on the card should be the same as on the coin, I think. I would be glad to help you start circulating them if you want to send a few my way- people might be more accepting of them if they get them from a kid. Sorry if my response was a bit long-winded. Best of luck to you!
Happy Hunting!
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Igleos's Avatar
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123 Posts
 Posted 09/03/2012  12:52 am  Show Profile   Bookmark this reply Add Igleos to your friends list Get a Link to this Reply
I want one of these for my collection!
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 09/04/2012  01:03 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Ok, so here's the update I finally promised:

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

First, I found a crazy deal on the laminating pouches I needed, so I nabbed 1,000 of them. No sense in running out during the experiments! :-)

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

Above are the prototypes (pre-abuse) made with clad dimes.

After lots and lots and lots of testing, I found out that thicker is not necessarily better. The thicker cardstock (even plastic coated or otherwise 'ruggedized') where it "felt" more substantial, tended to separate when laminated and flexed and bent enough. Thinner paper did the job to keep things flexible, durable, and all in one piece. I also found that thinner paper worked better where the bulk of the card was a hindrance to sticking more than two of these in your wallet.

I calculated out the perfect size ratio to get a nice "blister" bubble around the coin. This way it is hermetically sealed and isn't going anywhere, even if the card is significantly damaged. It's a *real* trick to get the coin out with only your hands as it's tough.

As you can see in the examples on the left-hand side where the collar was too small, there was some unsightly discoloration of the plastic where it couldn't seal to itself (it became cloudy). Also with these, if flexed enough, the paper would give way and separate, regardless of its thickness, making the coin loose and prone to move around in the packaging. The completely-sealed blister was the best choice. :-)

Once I got the overall ratios down, I fiddled with printing. I worked out all of the kinks of duplexing as well with printing blanks and running the blanks through a second time for serial numbers. I also can alter the serial number template so I can outsource the actual printing of the blanks to a local print shop if need be; however, my current setup is more than sufficient for the current scope of my experiment.

I then had to go about cutting them out. Luckily, I have a CraftRobo Pro CNC paper cutter/plotter which did the job perfectly. All of the outlines were programmed in and each paper insert is completely uniform in size with smooth edges. Peeling them off the carrier sheet and stacking them up was quite satisfying. :-)

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

Finally, I assembled the first 26 examples (as they're printed in multiples of 8) and here they are, sequential serial numbers and everything.

All I need to do is finish working on the software end of things (value tracking, etc.), photograph them, and they're ready to be released into the wild. :-)

If it's a 'success' (and I'll call it a 'success' if I'm able to find at least 3 local stores that will accept them at Trade Value, which is over spot) I'll see about offering these somewhere for everyone who has expressed interest.

More pics (and perhaps video of the cutter at work) later!
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SteveCaruso's Avatar
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1796 Posts
 Posted 09/04/2012  10:17 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
And here are pictures of the software under development on an iPhone:

My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation
My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation
My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation
My-Latest-Pet-Project-:-Getting-Silver-Back-In-Circulation

I'm still tinkering with the pricing (there are currently only dummy ratios in there) and I'm still working on image uploads.
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