Litecoin Collectibles Now Sold In Auction By Charlie Lee

Litecoin collectibles are now auctioned by the creator of Litecoin Charlie Lee after he liquidated his portfolio in 2017. However, there is a catch and in the altcoin news below we will explain what exactly it is.

Lee is selling more Litecoin but the coins are not of digital nature. The LTC creator calls the Litecoin collectibles as ‘’unique collectibles’’ which are basically physical coins that are signed by Lee himself. He stated:

 “I got some of my Lealana 25LTC & 10LTC coins graded by ICG. The labels of these coins are signed by me. There are a total of 5x 25LTC coins and 8x 10LTC coins. I have no plans to do any more of these. The 10LTC are the first issue ones with the bump in the back behind the hologram.”

A ‘’BTC enthusiast’’ on Twitter, explained that he purchased one of the Lealana Litecoin collectibles at the Magical Crypto Conference in New York. He tweeted:

 “It’s loaded with 10 LTC. There is a private key concealed with a tamper-proof hologram on the obverse of the coin.”

Lee had the coins pre-assessed by the Independent Coin Grader which rates the coins based on the features. Similar to the altcoin, Lee only signed a set amount of coins which of course, bolsters their value. Litecoin, for example, has a finite supply of 84 million coins while Bitcoin has 21 million. Bidding for the litecoin collectibles starts at 0.1 LTC and Lee says he will also accept BTC payments. The auction will end on May 15.

Lee has been trying to remind the crypto market that he sold his Litecoin portfolio during the peak price when a coin was worth $300. Now that the portfolio is empty, he moved to the litecoin collectibles. However, as noted in the latest cryptocurrency news, some users are now agreeing with his idea:

 “I am sorry but I think this auction is in poor taste. The guy made millions and had 1000’s and 1000’s of litecoins and sold them all at $300 and he has the audacity to sell these coins for his own profit? Donate the proceeds or something. I’m sorry, I don’t mean to be rude but this just doesn’t sit right with me.”