• The article discusses the concept of ordinals, which are rare coins with inscriptions that can become extremely valuable.
• An example is given of the 1933 U.S. double-eagle coin, which has an estimated value of $18.9 million due to its rarity and unique inscriptions.
• The article concludes by discussing how Ordinals and inscriptions make a lot of sense in terms of modern Bitcoin values.
What are Ordinals?
Ordinals are rare coins with inscriptions that can increase in value over time due to their limited supply and unique attributes. They have classical numismatic roots, as they represent a way for people to store coins for long periods of time or pass them to future generations who could potentially sell them at higher prices than the original owner could ever hope for.
The 1933 U.S Double-Eagle Coin
An example of such a coin is the golden double-eagle minted in 1933 in the United States – currently worth $18.9 million – making it one of the most valuable collectibles in the world. Its design was proposed by President Theodore Roosevelt and was created by designer Augustus Saint-Gaudens who wanted to improve the shame condition of US money at that time. However, President Franklin Delano Roosevelt took away the gold standard making these 445,000 coins illegal to own and ordering they be collected and melted down – although around 20 pieces disappeared before this happened!
When considering modern Bitcoin values, Ordinals and their inscriptions make perfect sense – as they offer a way for people to store rare coins securely over long periods of time, potentially increasing their value significantly when sold on later on down the line!
It is clear from reading up on Ordinal resources (the handbook, Ordinal theory overview, BIP documentation) that there is a straightforward idea behind this concept – storing rare coins with unique characteristics for potential increased profit later on down the line! This is especially true when considering modern Bitcoin values, as Ordinals offer an interesting opportunity for collectors looking to store their coins securely over long periods of time in order to benefit from potential increases in value when sold on later on down the line!
The takeaway message from this article is that Ordinals offer an interesting opportunity for those looking to store their rare coins securely over long periods of time so that they may benefit from potential increases in value when sold on later down the line – particularly when looking at modern Bitcoin values!