Lawful Money, Not Fiat Money
I think we're all know what REAL money is. We also know what it is not. It's not a token that I can print out of thin air... what gives this token value is that unlike most tokens, this is backed by Historic US 90% Silver constitutional lawful money. Yes, that's right. These tokens are silver-backed.
Updated November 17, 2019
Is silver recovering? Is time running out?
The Silver Penny Project
When silver prices drop, enthusiasts run to their local coin dealer with fiat in hand. But what if you wanted to purchase AG using STEEM? Do you know any silver dealers who accept STEEM? One does... it's the Silver Penny Project!
Actual Redeemable Silver Quarters
Silver Penny
TOKEN: SLVP
INITIAL SUPPLY: 1,000
MAX SUPPLY: 100,000
INFLATION: 0%
- Each SVLP is redeemable for 1/25 of a pre-1965 silver quarter (a silver "penny")
- Token selling price is pegged to 0.007232 OZT silver + premium
- Tokens are redeemable for silver quarters beginning January 1, 2020
Send a minimum 25 SVLP to @thesilverpenny and contact us on discord here for shipping arrangements. We will send a randomly selected pre-1965 silver quarter and mail it to your address. Postage is negotiated at time of redemption. Redemption is available within the continental US only.
One Of The Few Tokens Backed With REAL Silver
This is a great opportunity to easily convert your STEEM into historical "junk" silver coins you can hold in your hands and add to your stack. Dates vary from "unreadable" to 1964. Which silver quarters will you get? Who knows! It's random!
The initial sale will be for 1000 "Silver Penny" tokens (40 Silver Quarters), a full silver quarter roll.
Please considering following @thesilverpenny for updates.
New Lower Prices Coming Soon!
With the rise of STEEM up to $0.15 prepare for some discounted SLVP coin! I can't tell you exactly when the refresh will happen, or what EXACTLY the prices will be, but if it happened RIGHT NOW, it would look something like this.
It's been noticed that with STEEM up, current premiums are high. The STEEM investment works out to about $0.16 per silver penny making it about $4.00 per silver quarter plus shipping. It's a little high and sales are understandably down.
However, a price refresh is coming up soon (sometime tomorrow) bringing the SLVP down below 1 STEEM each! Pay attention to the buy/sell prices on steem-engine.com tomorrow and pick up some Silver Pennies for a GREAT price.
If you have any questions contact us on discord.
All token prices are subject to free-market conditions.
https://steem-engine.com/?p=market&t=SLVP
Conclusion
I hope this post has been useful in explaining the Silver Penny Project and that you can see the investment opportunity here. This is an easy way to "ride the wave" when silver prices recover, which some predict will be very soon.
This token gives you the potential of holding physical silver in your hand, for STEEM. I'd like to chat more, look me up on discord here.
These are the actual silver quarters backing the SLVP token.
Silver on!