History
- September 30, 2001 The first trackable geocoin released was the Moun10Bike Version 1 Geocoin #002. The Moun10Bike Version 1 Geocoins are the most sought-after geocoins in existence. They are all displayed on geocaching.com as owned by Moun10Bike and he has strictly forbidden their sale; however, unscrupulous or ignorant persons may list the coin for sale on auction sites such as eBay, fetching prices in the thousands of USD. When he finds that a coin has been sold without permission, he has the coin locked so it is no longer trackable.
- 2002 March The first geocoin that was produced and sold to the public to collect and release was the Canadian geocoin.
- 2003 The first USAGeocoin was released for sale, making it one of the first geocoins that one can buy, release, and track online without minting an exclusive personal design. The proposed 2002 design was never made.
- 2005 Geocaching.com permitted any geocaching.com user to purchase tracking numbers for approved designs, fueling a sudden surge in number of coins. Minimum purchase was initially set at 1000 tracking numbers.
- Fall 2006 Groundspeak reduced the minimum purchase of tracking numbers, and the minimum number of coins minted to obtain a unique icon, to 250. The drop in the cost to create a geocoin with a unique icon fueled a 'geocoin craze' with hundreds of new personal, group and increasingly purely commercial designs minted.
- February 17, 2007 The First Annual Geocoinfest was held in Temecula, CA. This event brought hundreds of geocoin collectors together for the first time in a mass event, with many exclusive coins being given away or traded.
- March 4, 2009 Geocaching.com further reduced the minimum number of codes for purchase to 50, and the minimum number of coins eligible for a custom icon to 50.
Read more about this topic: Geocoin
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