EON

Can I get an Opinions on this look for the casing?

Hi Green Dragon, i have put lot of time into the bearings so far, as they are key to the product. We will seal them for dust etc. This product will be built to optimize for longevity. We will offer a service to maintain / replace the bearings if need be, but to be honest I haven’t formulated that yet, I need to do further analysis on what the best approach will be, How ever I will address this question fully before launch. Very good and relevant question, thank you.

Thanks Stefffana, That's probably getting a little too Elon Musk for me 😂 Ady some quick thoughts on your suggested configuration. A Magnet, even a ball magnet has a north and south pole, the magnetic field lines go from one to the other, when a ball magnet rolls on a surface these poles will spin, the emf is generated by the change in the magnetic flux, or the magnetic field lines across the surface of the conductive body. while eddy currents would be generated in this scenario, they would be chaotic, and depending on where the poles of the magnet were when passing the boundaries of the bullion each time the forces would be different. So the equations I'm pretty sure are chaotic, and therefore have no repeatable solution from one set of oscillations to the next. So from one reading to the next the results may differ. Other factors would be the friction along the race, which potentially would be effected by electrostatic charge, temperature and humidity. the parabolic shape would actually be a disadvantage as the ball would come to rest quicker, and therefore the sensitivity would be less. So there would be these things to consider.

While i’m At it the circle dot logo is the alchemical symbol for the sun and gold, hopefully your plumber wouldn’t know this, or if he did maybe he’d be more intrigued than thieving 😂😂 https://en.m.wikipedia.org/wiki/Alchemical_symbol

Hi Captcaveman 😂 That’s interesting feedback, and I can see why that would be the case. I guess this doesn’t matter on the board? As you might just store that away. we could leave the “bullion” off the Back plate on the IOT device. When stored away both the IOT device and the offline device have a platform the slides over the logo on the base of the testing area. So this “bullion” would not be visible. We’d keep the EON. The company is called EON for a few reasons, just to fill you in. The first one is that gold was created EON’s ago in the collision between two neutron stars, this was discovered in 2017 from the LIGO gravitational wave experiments. (very nerdy I know, but I guess i’ve Already nailed my colours to the mast) the second, is the timelessness of gold, as it doesn’t degrade. The third then is the sustainability of a gold based economy versus the unsustainability of a fiat currency based economy, and of course on shorter time scales it has been the predominant currency for all of history, and may well be again. Anyway, I digress, I’d be interested to get other opinions an whether having the bullion visible is a problem. It does make sense what your saying. Thanks for that feedback

Great idea, Thanks

Hi Stackerp Very good question. I originally had developed the IOT tester, and I got this exact feedback from a buddy of mine who is a great enthusiast. Now I can pasture you that we will have maximum security etc on the website, with data etc. However I Realise that’s just not the point, the ultimate safety is no registered data, and for those who have this level of concern that is why I developed the completely offline model that you see in the video. This can be provided with a physical card option, with the data of the readings from all the most well known coins. There will of course be some advantages to being online with an ever growing database, but there is no reason that the cards cannot be updated with this information for physical delivery over time also. How does that sound?

I came across most of these in my research, https://www.thefisch.com I looked at over 70 different testers.

Hi Paul, There is such a product in existence. And it’s a nice idea. I came across this in my research. The coin slide it’s called and someone else from the US patented the terminal velocities on the slide. That invention has a series of magnets in a row lining the slide, consequently with North Pole upward then South Pole upward. Again this would work on eddy currents. Potential problems There may be with the physics is that the friction is may be a very large component, and may behave differently depending on humidity temperature etc. the friction also may prevent testing through packaging. the slide of course needs to be on an exactly flat surface, otherwise the downward vectors will be different. since there are so many magnets employed, it may be difficult to get similar results from one device to another. there may be no way to calibrate out the gravity and frictional forces, that I can see. having said that I haven’t studied it in detail, so I am open to correction on any of those observations. I don’t want to knock someone else’s invention. It is a good idea.

Hi Kimchi Yes of course, @kimchi, @skyfiller, @coverte I really appreciate you guys being potential first adopters on this forum, anything I think to offer to any later people who sign up will be by default true for you too. It is very helpful to me to get some idea of demand, ultimately I will be able to price the testers based off a price demand curve, while still taking into account the cost to manufacture. So it is especially appreciated that you register your interest early. My career has actually been spent in financial risk management, by signing up first, you in way take the most risk, even though you have nothing committed on the line yet, this helps me as I can move forward with reasonable confidence that there are orders in the pipeline. I would like to think of rewarding those who sign up earliest and convert to a sale, in the order for which they sign up. leave this with me, while i think of something fair. There will certainly be a need for a critical mass of orders reached for us to go to manufacture even on a small scale. Thanks Again. Rory

Hi Coverte. Yes, you are are added to the list, The first batch of the featured product will have a limited order, as many of the parts etc will be hand made, I think a nice feature might be to have these first items engraved? let me know what you think of this idea. I will make sure to contact you to ensure you have the priority option of joining this limited order. I will also contact you directly with news, pricing etc, as we progress. I am already working on another render of the tester in a glass or perspex case, that will cover the top of the tester this is based of the feedback I have received here. Thanks Again, Rory

Hi Sovereignsteve, As far as I am aware the company focuses on the American eagle, the buffalo, the Libertad for the moment, I am sure there are other companies doing this, that I have not found. The sovereign has a similar composition to a krugerrand 22 carats with 8.33% copper, the eagle is also 22 carats but has some silver in the mix. As far as I am aware there would be nothing preventing doing a sovereign fake, except that there is a fairly significant plating cost in plating a coin with 60 microns of gold, that may be less viable for a coin that costs less than a Troy ounce, this is pure speculation on my part though. if anyone has come across a better fake, that passes the dimension, weight, look and feel test, I would be interested in testing it, and I will post the results. Thanks for the question

Thank you for that advise Coverte, that is helpful!

Thanks for you support, I have already learnt alot from the feedback here. I want to clarify one or two things, should the physics be brought into question. The video is only a temporary delivery vehicle, that I made myself and I am admittedly not an expert. And eddy current and an electromotive force are not the same thing, the correct way of saying this is the following. The moving magnet induces an eddy current in the bullion, the presence of the conductive body then creates and Electromotive force (or dampening force) on the pendulum. If two coins have the same composition weight and dimensions then they will give the same reading. So there is no doubt as to the physics I am going to upload a paper, this paper describes a conductor moving through a magnetic field, in my case the magnet is moving, and the conductor remains stationary, but the physics is the same. Apologies in advance if this gives anyone nightmares!!. And thanks to the Authors : Catherine Weigel, Jeremy Wachter, Paul Wagoner, and Timothy J. Atherton Paper on the Eddy current Pendulum.pdf

Thank you for your opinions Chards, sorry to have bored you.