Version 1 coins are genuine casascius aluminum coins with a hologram covering a private key. There is a face value of 10 mbtc (0.01 btc) but no value is loaded. These coins came with a business card stating the unique number listing, plus a separate certificate of authenticity with the public address and firstbits printed.
These coins are identical to the original funded Serpcoins but have extra markings around the hologram. These coins could potentially be more vulnerable to counterfeit copies.
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