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August 5th, 2015: LEALANA-CASASCIUS HYBRID BRASS BITCOIN AUCTION

https://i.imgur.com/EdJonkcm.jpghttps://i.imgur.com/WPjhnbym.jpg


*****Carefully read this auction post in its entirety before bidding*****

Auction ends August 17th, 2015 at 3:00 PM Hawaiian Standard Time

Minimum bid will start at 0.01BTC. Bidding will be done in 0.01BTC increments. Shipping will be $30 for US and $50 for International bidders. This will be added to the winning bid after the auction.(ID will be required upon delivery for pickup) for both domestic U.S. and international customers. Bitcoin is the only accepted form of payment for this auction. Coins for this auction will ship out by August 20th, 2015.

You are bidding for the following unfunded/buyer funded coins:


ONE Brass LEALANA-CASASCIUS HYBRID 5 BTC BRASS coin (GOLD HOLOGRAM) #100 <<<<< -------------- ONLY ONE IN EXISTENCE TO BE MADE



*** There will only be one of these to be assembled/sold.

One other note is that the hologram is off centered on purpose given the difference in the layout of LEALANA coin metal recess under the holograms when compared to CASASCIUS metal recess placement.

By bidding on this auction you are agreeing to the terms listed at: http://lealana.com/tac.php

For this auction THIS COIN MUST BE PREFUNDED with 5 BTC. If you cannot pre fund all of the coins before they ship (which you can take your time on the funding if you wish), please do not bid on this auction.

THESE COINS ARE BUYER FUNDED. The winner by bidding on this auction will accept the risks involved with shipping funded coins through USPS registered mail. The coins will be valued at the price paid plus the bitcoin that is loaded on to them. Winner agrees to hold LEALANA, LLC. and myself innocent of any losses while in transit (in the small event the coin goes missing/stolen while in transit).

Any customs/VAT taxes or fees that are placed on the package while going through customs for international customers are the responsibility of the buyer/winner to pay.

Please bid in the following format (no extra precision decimals):


CORRECT FORMAT
"I bid 1.07 BTC"

INCORRECT FORMAT
"I bid 1.074839282"

Should bids come in at the last minute I will allow for the auction to extended by 15 minute increments between bids. Once the 15 minutes is up and no bidding is done after the deadline specified ABOVE, the auction will end. To be clear on the precision of the auction times in 15 minute increments we are talking about the actual MINUTE and not the seconds that are posted on the forum timestamp.

Payment address:

1LKSmbVEf7k9nD8kxugLVaShyP47rFk5QG

Please do not send payment to any winner address until the winner has been declared which I will post once the auction ends. If you would like a non-public payment address PM me and I will create a PGP signed address for you to send payment to.

Payment is due within 72 hours from the time the auction ends. Should the winner not honor their bid and not provide payment in that 72 period the next highest bidder will be required to honor their bid. By bidding in this auction thread you agree to this stipulation. In other words, please make sure you are able to honor your bid(s) in a timely manner before you bid.

I RESERVE THE RIGHT TO INVALIDATE A BID FROM NEWBIE USERS. USUALLY THIS WILL BE THE CASE IF I HAVE NEVER DONE BUSINESS WITH YOU BEFORE.

AUCTION WINNER INFORMATION SUBMISSION:

*If you win, please send me (IN ONE PRIVATE MESSAGE) immediately ALL of the following information as it is needed to ship you your coins correctly/promptly:

1. The # of coins you want to prefund. Which types and how many.

2. FULL Shipping information:

FIRST AND LAST NAME
STREET ADDRESS & BUILDING/SUITE #
CITY
STATE
COUNTRY
POSTAL CODE
PHONE NUMBER
EMAIL ADDRESS

3. If you are outside of the US and want to insure prefunded coins please send me PM for details.
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0.01

What's up with the slider window in the hologram?  Can we get better pics?

It is nice. But why logo is not centered correctly? Looks a bit unprofessional.
Anyway, I like it, just the logo can be better centered.

Cheers!

He explains this in his first hybrid auction: https://bitcointalk.org/index.php?topic=1117919.0

"One other note is that the hologram is off centered on purpose given the difference in the layout of LEALANA coin metal recess under the holograms when compared to CASASCIUS metal recess placement."
 
I think this might be why the window on the hologram looks a bit funky on this 5BTC coin.

Could I retract my bid? Since nobody has really bid on this.

I didn't notice I would have to fund 5 BTC.

I bid .02BTC.

A raw 5BTC cas coin should be worth well more then that.

I could recenter the hologram but it won't be #100.

If the winner wants me to rehologram the coin to make it more center I have no problem doing that.

Just know that it won't be perfectly centered given the difference in the way Casascius coins are minted (placement of the recess under the hologram).

I'm a bit confused on why you are insisting on having it prefunded with 5BTC?

I would assume:
1) face value of the coin is 5BTC so it makes sense
2) the holo is already applied and can't be re-marked as "BUYER FUNDED", so it would have to be funded to full amount to be able to match both criteria.

I could be horribly wrong tho... ;)

smoothie hand engraves laser etches them after the sticker is applied, so I don't think #2 is right.

The coin has a face value of 5 BTC and has an intact hologram on the back.  If not funded, what's stopping the winner from representing it as funded, and selling it to an ignorant buyer?

I get that it's the face value, but I figured that you could have just left it up to the buyer to decide to fund it.

And I would hope there are no ignorant buyers buying coins of such a high face value.

If there is an ignorant buyer and he gets scammed then smoothie's reputation would get harmed even though he had nothing to do with it. Forcing the coins to be funded prevents this from happening.

If the laser etching is done after than it would be possible to laser buyer funded.  Being this isnt the case with this coin im sure its by design.  Maybe there will only be 1 funded and he will make multiple buyer funded ones later maybe not.  Could be a multitude of reasons that maybe smoothie can share on this thread so possible buyers will understand more clearly.

If there is an ignorant buyer and he gets scammed then smoothie's reputation would get harmed even though he had nothing to do with it. Forcing the coins to be funded prevents this from happening.
[/quote]
Yes. This is the rationale Mick Caldwell used to enforce the integrity of Casascius.

Yes. This is the rationale Mick Caldwell used to enforce the integrity of Casascius.
[/quote]

But smoothie does sell other unfunded coins so why not this one?

I'd like to know his formula for buyer funded versus not, as well.  I have bought many coins from smoothie both buyer funded and not and I'm not sure what it is.  I have noticed that he insists that his more specialty items are funded.  Before he offered the "roll of dimes" I had asked him to put one together for me and I think he insisted I pre-fund them.  I've bought tubes of brass from him and if I don't care what I get, he doesn't seem to care if it's funded or not.  It's hard to tell.
 

I always thought the buyer funded clause was based on a USD threshold being mailed through USPS. I could've misinterpreted that from a long time ago last time this came up, more than likely it's just a personal stipulation of smoothie's.

I bid 0.03 BTC.

1. The reason I am requiring funding of this coin is because there will only be one (which makes it special) and if someone is an avid collector they would have no problem funding the coin. And yes I would not want someone to buy this coin on the second hand market thinking it is funded when it is not.

2. @Hellot, I have no formula on the coins I require funding vs non-funded options. There have been some times when I have been away from my laser engraver and have had to require coins to be funded before they ship out.

bump

I will bid if

a) you ship the coin unfunded
b) you will fund the coin with 5 BTC I will provide AFTER it has arrived. I will gladly send you the 5 btc beforehand.


reasoning:

a) import duties and VAT is insane plus customs officers are a huge nuisance and, for the most part, anal-retentive mentally retarded robotniks with little to no knowledge of just about anything.
b) funding coming from an adress provided by ad associated with you increases the authenticity of the coin.

could you agree?

cheers

This is what is stopping me from bidding on all of Smoothie's auctions. I'd love to buy a roll of dimes/quarters but the VAT/taxes would make it nowhere near profitable for me :(.

The only alternative would be to use an escrow to hold the 5 BTC (as opposed to me) and that person would fund it. Thus eliminating my ability to hold customer funds.

Let me think on this as I'm not sure if I just found a loop hole in the funding process or not. <----- This would require that a 3rd part be trusted..hmm not sure about this.

To be clear given I am in the US I do not want to violate any money laundering (MSB) laws that FinCEN has put into place regarding bitcoin.

this is the current high bid ^

Would they consider the escrow an employee of your company.  If not then bam...trusted escrow recieves the funds , smoothie you ship unfunded.  Once it hits eu escrow funds that address....but then what if they send to the wrong address.  Highly unlikely but look at that .01 casascius lesbian cow had that was accidentaly over funded.  That risk would now be on you.  Interesting though...

smoothie, you already know my opinion on this.  Make it happen!  It would be epic.

I think the major risk here is that the customer receives the coins and then claims that the coins were never received. The buyer would then potentially have possession of a coin that is not marked buyer funded that was never funded.

so this is a casascius coin whit the hologram of a lealana coin?

Yes.

.04BTC https://www.youtube.com/watch?v=ZvCI-gNK_y4

Because I send all packages via registered mail that would likely not be a possibiliy as there is a paper trail (chain of custody) and the coins are under lock and key the entire way until they are delivered and signed for.

So anyone claiming the coins never got to them would likely be lying.

I've never had a package go missing and get reported never delivered.

But I am still on the fence on that idea. It does carry its own risks as another 3rd party would need to be involved.

Yes that is another risk of the escrow funding the wrong address.

Yup I'm not sure using an escrow to hold the funds would be a viable option.

Let's assume a New York customer orders coins from me, then sends funding amount to 3rd party escrow, would I be in violation of the bit license law of New York?

I tend to think so given my association to the transaction. Not a good thing.

high bid ^

~ 5 days left

Added bold to be clear.

I bid 0.05 BTC

just as a reminder to anyone who did not fully read the OP,


this is the only coin of its type I will be selling.

One of a kind.

Happy bidding all!

0.06

To be clear I have not officially accepted your previously posted terms.

Are you still bidding anyway?

ends in ~2.5 days

Ends tomorrow.

I can't believe how low this is going right now. Is there any objection from OP if it takes two weeks to fund the coin before shipping? Of course, the winning bid and shipping fees would be paid immediately.

Has anyone sent a hybrid crypto to be graded? I am curious how ANACS would view this since they seem to ignore the holograms anyway.

0.07 BTC

Smoothie has always said he is fine with a delay in funding. I am sure he will not mind (obviously he only ships after funded anyways).

The tricky thing about these coins is that since there is only 1 coin, it's difficult to compare its price over time since there is only one coin.

And I'm sure this will go for more, but I do think it's kinda funny that the blank itself can go for more than the current bid.

Is it over?  If not, I bid 0.08 BTC.

~40 min left.

This is the highest bid ^.

IF bids come in near the end of the auction the auction extends 15 minutes until 15 minutes passes between bids.

and no I do not have a problem if you take 2 weeks to fund the coin as long as your bid and shipping cost is paid in the period specified in the main post.

bid away.

No objections.

last 10 minutes and


high bid is 0.08BTC by WTF

 

This is the winning bid ^.

PM me your shipping information and I will send you a total to pay.

This auction is now closed.

Congrats on winning an extremely unique coin!  :)

Congrats on the coin, please look me up if you ever decide to sell it.

I feel like I got quite the bargain on this one!  I have many Lealana coins, so I'm very happy to add this one to my collection.

Public address of this coin

https://blockchain.info/address/1BTCAmZgMYFKSwc3Dc6wPwwkKmnJaxgvkV