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Title: What are Casascius coins and why they worth so much ? Post by: OmegaStarScream on August 11, 2015, 06:44:26 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ?
I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things Title: Re: What are Casascius coins and why they worth so much ? Post by: madonnino on August 11, 2015, 07:29:31 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things casascius coined the firsts physical bitcoin , there are different types, from aluminum to gold. More than a material value have a historical value ... these coins are a milestone.... Title: Re: What are Casascius coins and why they worth so much ? Post by: OmegaStarScream on August 11, 2015, 07:32:05 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things casascius coined the firsts physical bitcoin , there are different types, from aluminum to gold. More than a material value have a historical value ... these coins are a milestone.... That's it ? It's a waste of money If you ask me But how to use them exactly , I mean how to spend them :o you can't ? If you want to spend them you just sell them as their value of gold ? also is the value of gold on them = of the BTC ? sort of confusing . Title: Re: What are Casascius coins and why they worth so much ? Post by: madonnino on August 11, 2015, 07:35:48 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things casascius coined the firsts physical bitcoin , there are different types, from aluminum to gold. More than a material value have a historical value ... these coins are a milestone.... That's it ? It's a waste of money If you ask me But how to use them exactly , I mean how to spend them :o you can't ? If you want to spend them you just sell them as their value of gold ? also is the value of gold on them = of the BTC ? sort of confusing . coins have a private key under the hologram on the back, if you want to spend the bitcoins in the wallet you have to remove the hologram and import the private key. So if u want to sell them or buy you have to consider the value of the coin itself + the amount of btc loaded. It's like a physical wallet....I hope I was helpful :) Title: Re: What are Casascius coins and why they worth so much ? Post by: OmegaStarScream on August 11, 2015, 07:37:08 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things casascius coined the firsts physical bitcoin , there are different types, from aluminum to gold. More than a material value have a historical value ... these coins are a milestone.... That's it ? It's a waste of money If you ask me But how to use them exactly , I mean how to spend them :o you can't ? If you want to spend them you just sell them as their value of gold ? also is the value of gold on them = of the BTC ? sort of confusing . coins have a private key under the hologram on the back, if you want to spend the bitcoins in the wallet you have to remove the hologram and import the private key. So if u want to sell them or buy you have to consider the value of the coin itself + the amount of btc loaded. It's like a physical wallet....I hope I was helpful :) Oh I see it make sense then ;D But what makes people think that the company that created those Physical coins don't have copy of those private keys anywhere ? Title: Re: What are Casascius coins and why they worth so much ? Post by: mattiadeabtc on August 11, 2015, 07:51:23 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things casascius coined the firsts physical bitcoin , there are different types, from aluminum to gold. More than a material value have a historical value ... these coins are a milestone.... That's it ? It's a waste of money If you ask me But how to use them exactly , I mean how to spend them :o you can't ? If you want to spend them you just sell them as their value of gold ? also is the value of gold on them = of the BTC ? sort of confusing . coins have a private key under the hologram on the back, if you want to spend the bitcoins in the wallet you have to remove the hologram and import the private key. So if u want to sell them or buy you have to consider the value of the coin itself + the amount of btc loaded. It's like a physical wallet....I hope I was helpful :) Oh I see it make sense then ;D But what makes people think that the company that created those Physical coins don't have copy of those private keys anywhere ? I think this is a central question about physical coins, you have to trust who made it Title: Re: What are Casascius coins and why they worth so much ? Post by: madonnino on August 11, 2015, 07:53:20 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things casascius coined the firsts physical bitcoin , there are different types, from aluminum to gold. More than a material value have a historical value ... these coins are a milestone.... That's it ? It's a waste of money If you ask me But how to use them exactly , I mean how to spend them :o you can't ? If you want to spend them you just sell them as their value of gold ? also is the value of gold on them = of the BTC ? sort of confusing . coins have a private key under the hologram on the back, if you want to spend the bitcoins in the wallet you have to remove the hologram and import the private key. So if u want to sell them or buy you have to consider the value of the coin itself + the amount of btc loaded. It's like a physical wallet....I hope I was helpful :) Oh I see it make sense then ;D But what makes people think that the company that created those Physical coins don't have copy of those private keys anywhere ? I think this is a central question about physical coins, you have to trust who made it Off course you are right, but if u want a physical coins and you want to stay safe you can buy a DIY (do it yourself) coin, so you are able to create a wallet and put the provate key under the hologram, whit this method you have to no trust anyone, only yourself :) Title: Re: What are Casascius coins and why they worth so much ? Post by: Lauda on August 11, 2015, 08:00:23 AM Oh I see it make sense then ;D You can't really know. However, these coins are not meant for storing Bitcoins and thus your question is irrelevant. But what makes people think that the company that created those Physical coins don't have copy of those private keys anywhere ? They have historic, artistic and material value. I have only a Kialara coin and it is great. Just because you do not appreciate physical Bitcoins (who knows when this trend would have started without Casascius coins), that does not mean that their value is not there. People are paying millions for other things that should not even have a artistic value as high as they do. $75M for this. (http://whudat.de/images/top20_most_expansive_paintings_01.jpg) Physical Bitcoins in comparison aren't even that expensive. There are coins made of various materials, and coins that have been graded and ones that have not. Everything contributes to determining their price. Title: Re: What are Casascius coins and why they worth so much ? Post by: mattiadeabtc on August 11, 2015, 08:01:41 AM As the title says , I see a lot of people selling them on the Goods section however I don't understand why they are so valuable , it's simply a coin made of what ? real gold ? I even saw someone selling it for 14.999$ on Ebay :o also where is the source of those things you can find more info about casascius coins here https://en.bitcoin.it/wiki/Casascius_physical_bitcoins Title: Re: What are Casascius coins and why they worth so much ? Post by: OmegaStarScream on August 11, 2015, 09:03:16 AM Thank you for all your answers guys , really helpful , gonna check the wiki link you gave me too .
@LaudaM I hope you didn't feel offended or anything , honestly man . It wasen't my attention I know art is expensive and stuff but I just don't see why (just my opinion) ty again |