Bitcoin Forum

What percentage premium over the (then) current market price did you pay for your loaded physical Casascius bitcoin?

Add delivery costs to the price you paid for the coin. The market price for the calculation should be MtGox at the time you bought your coin.

For example, Z BTC in one coin cost you £260.00, and the MtGox price is £85.22 then your premium percentage is:
=((£260.00-£85.22)/£85.22)*100
= 205.09%

Another way of putting it:
% Premium = ((Price Paid - Market Price)/Market Price)*100

So:

• Less than 0% - The seller sold at a loss. You got gained "free" bitcoins through that transaction.  ;D
• 0% - You paid the current market value for your coin  :)
• 0-10%
• 10-20%
• 20-30%
• 30-40%
• 40-50%
• 50-60%
• 60-70%
• 70-80%
• 80-90%
• 90-100% - You paid twice the BTC value for the privilege of having it in physical form
• 100-150%
• More than 150%

EDIT:
I neglected to explain the rationale behind this poll. In the context of Gold Bullion, the premium is the "extra", (so to speak) somebody is willing to pay for having (taking delivery of) the metal in a physical form. For example, a Full Sovereign's premium as a percentage is more than that of a huge 1 kg bar. If you buy your gold in a form of jewellery, then it an even more expensive way of getting hold of the metal. The premium is supposed to account for the production of the Gold coin, bar or whatever. Usually, a smaller "lump" 1g, Half Sovereign attracts a higher premium than say a Full Sovereign, Krugerrand, 1 kg bar etc... Notionally, this is the "fee" for smelting, assay, minting etc.. of the physical metal, and costs more to create many smaller pieces than the equivalent weight in one lump.

Bought 10 at once directly from Casascius, so I got a discount. Haven't received them yet.

i paid around 29 btc for 10 btc silver coin when btc traded around $3-4, so 1/3 is face value, 1/3 is silver ounce and 1/3 premium

my first Bitcoin transaction was buying Casascius coins, I sent BTC9 to the wrong address. So can I add a premium for ignorance to the calculation?

That was unlucky.  :o
Work out the premium for the price you actually paid for the coins you got, but for your own calculations, you can factor your losses in too.

The premiums added to the physical bitcoins by some "Casascius Resellers" on auction sites are horrific!
If you did manage to buy direct in the end, and included your losses in the calculation, how did it compare to such resellers today who set a fixed "Purchase Now" price?

Whilst looking at other commodities like Gold coins, the typical premium is 5-15% (depending on the mass of the coin)... not sure why it is so high for BTC.

Bump!

Since the drop in price of Bitcoins lately, has the premium dropped too?
A quick look on online auction sites suggest not... what about your experiences?