Bitcoin Forum

Selling these two Casascius treasuries:

1 BTC Brass Error Coin 2011. 15xhAPzx. ANACS Reference 4745081. MS67
https://i.imgur.com/SivG2Zmm.jpg    https://i.imgur.com/Vra4pssm.jpg

Created:2011-10-25  :)
Price: 5 BTC

1 BTC Silver Coin 2013. 1AgLtvBv. ANACS Reference 4745083. MS68
https://i.imgur.com/0xkojnVm.jpg   https://i.imgur.com/J1mQkFXm.jpg
Price:  2.9 BTC. (Worldwide DHL shipping included)

Coins are located in Germany.

Please feel free to contact me if you need any further information.
Be weary of scammers trying to request payment, if you show interest in the thread!

Can you take a clearer picture of the holograms, especially that of the 2011 error? The lighting is poor and it looks as if the hologram has been peeled. A better picture would show the hologram clearer and would reassure potential buyers.

Sure, here are some clearer pictures. It's tricky to get a good pictures of those holos. :-\ Hope they are sufficient.
I would never sell a peeled Cas Coin without mentioning it!

https://i.imgur.com/yCWXgKMl.jpghttps://i.imgur.com/ZWR0JYil.jpg
https://i.imgur.com/xfgOQrhl.jpghttps://i.imgur.com/2swPAISl.jpg

I can 100% verify that both of those coins are intact and in excellent shape!

Thanks Blazed!

No one has interest in a MS67 Error Coin? Come on guys!  I'm considering every offer. :)

0.1 BTC as my starting offer; since you're considering every offer. ;D These look very nice though.

Interested in a trade for some Bitcoin art?
https://bitcointalk.org/index.php?topic=1372402.0

Very funny :P
Maybe I should send these Coins to auction?


Nope, sorry only BTC is accepted.

Offer update: 1.0 BTC.  ;D

Do you have a guide price for the 2011 error?

Yes you should. Auctions are fun! ;D

I would guess between 2.5 - 3 BTC would be a competitive offer. 

Well there are only a few MS 67 Error coins out there.

TookDk sold one around 5.2 BTC in january and monkeynuts has one on sale for 5.2 BTC.

So a competitive offer is 2.5-3 BTC? ::)

Good point, I had not considered the grade.  2.5-3 BTC might get a reply, but not a sale  :D  I would guess 3.5-4 is what it might go for at auction. 5 would be a good price to list it at. 

The grade is arbitrary and useless.  You have people around here re-submitting the same coin over and over until they get a grade they like.  ANACS grading is a fools game.

Well that's your opinion. I think the difference in the high range like MS 69 and Ms70 is minimal. But the difference between MS 66 and MS 67 for example is noticeable. Blazed and I guessed a Ms67+ for this coin before sending it to Anacs.

 
I bought a lot of ANACS coins in order to form this opinion, so I think I know what I am talking about.

They ANACS grade should be taken as a guide as to what the condition of the coin is, not a literal stepwise difference between coins with different grades. So a brass MS68 is noticeably in a better condition to what an MS63 would be for example.

 
Except that around here, it is used as more of a stepwise to arrive at the price(by sellers) than a guide.  You literally have people stepping the price from grade to grade and justifying it by saying "ANACS grade!".

As happens with every non crypto graded coin also. If you can find an MS70 silver eagle cheaper than an MS68, or an ungraded round ... please tell me where

 
You are of course right, but I have not noticed the inconsistency that I have seen with crypto coins.

I do believe that things will even out though. I've seen a lot of ANACS haters because of grade differences, but grading these types of coins with different aspects to take into account is new and will even out in time.

3 BTC for error coin.

Thank you for your offer. Imho that would be a decent offer for the silver single but not for the error coin.
There are only 20 error coins with a rating of MS67! So this is a special coin!

I'm open to a reasonable counter-offer.

Coming from someone who had sold plenty of these coins, I think OP's asking price is within market rate. The 2011 errors are very popular but I think the 2011 non-error brass and 2012 brass doesn't get the recognition they deserve. If anyone have an ungraded one let me know.

Great looking coin OP good luck with your sale.

ok counter-offer: 5 BTC

My 3 BTC offer stands. I would rather buy 100g of gold for 5 BTC from jmbullion  ;D

Well if you don't want to spend 5 btc for a nice piece of bitcoin history you can take the silver single for 3btc.:)

Has the error coin been reduced yet?  ;) These will become increasingly more difficult to sell as the BTC price goes up.

No the error coin has not been reduced in price the way you imagine. 3 btc would be a steal for that coin. Please note that cas coins are always priced in btc not in fiat. So 5 btc will still be 5 btc.

Open bazaar opened yesterday so maybe this will be a better place to sell cas coins.

I'm not sure I follow that logic. Higher BTC price = more people who own BTC. More people who own BTC = more collectors.  2011 Casascius coins were the first ever coins minted for Bitcoin and they are becoming rare to see for sale. How does demand for these coins go down if BTC price goes up? 

1 BTC = 1 BTC

What is there not to understand? The higher the BTC price, the more 5 BTC is worth. If BTC goes to $1,200, who would spend $6,000 on a Cas coin. This multiples, the higher BTC goes.

And no one prices 1 BTC = 1 BTC, it is always BTC <-> fiat, which is why forum donations have dried up. No one is willing to put down 50 BTC for a fancy title, but they were willing in 2010-2012.

Logic :)

The physical bitcoin market is properly one of the most true bitcoin economies we have.
It is not completely detached from the USD exchange rate, but the the prices are certainly not proportional, like you suggest they should be.

About you "always" statement, not true. You seam to not get the whole point of bitcoin, I assume you are one those that are here to make a quick dollar?
Beside, it would be naive to believe with certainty that we will have fiat based money in the future. Taken into consideration how short fiat has been the primary form of money in the world and how bad it is performing.

You are correct, I am taking this from a capital gain perspective.

The way I look at it, no matter what you spend on a Casascius coin, you are buying 1 BTC (or whatever the face value of the coin is) and also paying a premium for the collectors value and rarity.  A few years ago that premium would have costed you much less in terms of dollars, perhaps much more in terms of BTC.  It fluctuates with the exchange value of BTC, I will agree with that. 

If BTC goes to the moon, maybe you would be better off holding all of that premium in Bitcoin.  The collectors value of the item would still go up, but probably not 100% equivalent to the increase in price of bitcoin. However if the BTC price remains flat or goes down, it's likely that the collectors value of a Casascius will still increase as we've seen over the past few years.  One strategy is to buy a Casascius and then buy more BTC to replace whatever premium you paid in dollars. That way, you can maximize your ROI while still enjoying to your hobby of collecting coins. After all, these coins are not for everybody  :)

Collectors spend millions of $ for plain blue paintings*. So even $6,000 is nothing for a collectible with this historic background and rarity if bitcoin gains more traction.
So better buy as long as bitcoins are that cheap.   ;)

*http://www.sothebys.com/en/auctions/ecatalogue/2014/contemporary-art-evening-auction-l14022/lot.18.html

would be interested in a trade for a 1BTC Silver/Gold Cas Coin from 2013.

I'll trade you an MS69 Cas Goldie for your MS67 error!   ;)

Just add 1.7 BTC and we have a deal.  

Now available through Openbazaar,too:

ob://58fbdbb56410a69b4180dcc684113e7a3d6c93ef/store

What exactly is the "error" on the casascius error coins i see for sale?

The hologram says: Casacius instead of Casascius.

The holograms are spelled 'Casacius' instead of 'Casascius'.

I dont see that on the pics posted, or am i just blind?

You can see the spelling error on the left side of the hologram (first picture).
The "S" of Casascius is missing there. It is not easy to get a proper photo of the holo but ANACS states the "Error" on the slab, too.

Thanks, I see it now, not on the main Casascius hologram logo but on the side, no wonder they missed it, who first found the error?

His name is Mike Caldwell :D