Bitcoin Forum

Auctioning this rare https://casascius.uberbills.com/?address=1CakkUiJZo5yzLgdPXQXZr4Amv84wgmhQn 1 BTC Casascius Physical Bitcoin 1btc Coin, Version 2, 2011

It is interesting to note that these coins are in fact much more rare then the ‘error coins’ of v1.

same as listed here: http://www.spotcoins.com/bitcoin/casascius/variety/1-btc-brass-series-2-2011

or on page 7 from https://coinfirm.org/wp-content/uploads/2016/06/The-CoinFIRM-Casascius-Guide-v0.11-4.pdf

STARTING BID: 3.0 BTC
MINIMUM BID INCREMENT: 0.1 BTC
END TIME: OPEN
COIN LOCATION: Europe

SHIPPING: EU: 0.01 BTC / World: 0.02 BTC

QUESTIONS: Please PM

escrow if needed

Coin Pictures:
https://s27.postimg.org/noov9rklv/1_Cakk_Ui_J.jpg
https://s30.postimg.org/6040kiild/1_Cakk_Ui_J_2.jpg

Edits: Auction increment reduced to 0.1, added coin picture, added second coin picture. End time is now open.

COIN IS STILL AVAILABLE

Quoting for future reference and.

Can you provide pictures and the 0.25 btc increment is very steep, you might get more interest with a little lower increment.

we need photos with your product to see if we like it,the bid increment i say its ok if you say that it is extreme rare

Thank you all for the good advises. I've made the requested changes.

Is the pic in the OP a pic of the coin before it was graded? :) Because the title says that the coin is MS64.

The coin is from the MS-64 reference type but not officially graded, sorry for the confusion.

Thank you! could not integrate it in the post due to forum restrictions.

Can you post a picture that proves that you have the coin in hand? Like coin next to a piece of paper with handwritten forum name and date.

Something like this https://s30.postimg.org/6040kiild/1_Cakk_Ui_J_2.jpg

if @minerjones could integrate in the post, ty

Perfect! Thank you.

You're more than welcome, thanks for the help!

It is a nice coin but i think 3btc is a bit high on your starting price.  Is that the lowest you are willing to take?

For now yes, I told myself I would sell one when the price hit 1000 USD again. I don't have to sell it. It actually pain me to but I stick to my investment plan.

What do you consider a "fair" price?

My fair buying price is a lot lower.  I repect your plan though, its just tough to guage prices when btc is whaling out.  Good luck im sure there will be people interested as its a nice coin.

Thanks for your feedback. Pricing of such coins is quite difficult due to the lack of price history and very limited market places for such goods.

Nice coin indeed!
Previous coins have sold for about 2 btc, 3btc is too hight.
Might need to reconsider your pricing.

If looking at the "scarcity" of this coin compared to the v1 error coin is around 1 to 10. A 1 BTC premium over the 2 BTC auction price of v1 seems not too excessive to me or do I miss something?

Premiums on casasius coins dropped like crazy. Silver singles went from 3BTC to around 2BTC

The v1 or "errors" always generally sold for more just because they were the first of the kind.  I do agree that the v2s have a scarcity thing going for them.  I think in the near future they will both be selling for about the same no matter where btc is at.  My 2 cents.

You know the reason or it's just because of the price increase of BTC compared to other currencies? Maybe we just need to wait a little longer for the price appreciate. If compared to rare gold coins the premium does not seems very high.

I've very little knowledge about collectibles but I'm eager to learn more about it.

If you definitely want this sold, you should start the auction at 1BTC and you'll get some bids in for sure.

I totally agree with you. If we look at the table published at http://www.spotcoins.com/bitcoin/casascius this coin is the rarest small denomination coin from the inception year 2011

https://s24.postimg.org/ty569gpg5/Casascius_Coin_Varieties.jpg

For my understanding the price should be way higher...

I can start at 1 BTC with a reserve price of 3 BTC but it's not really what I'm looking to accomplish. It's not that I'm in a rush. I'm mostly curious of which price this coin would be valued at. Also as explained previously it's part of my BTC portfolio money management strategy.

I think its the ebb and flows of markets.  This is still a small niche market and its just the way it is right now, maybe people are looking to get some digital back.  Maybe with the price rise we will get more influx of new people interested.

I sold one of the same kind of coins via auction about a month ago.  Same condition based on the pics.  (your coin's holo looks a little decayed, and the other side has a couple of nicks).  It sold for 1.3 btc.  If you are looking for 3 btc as a reserve, I doubt you will get it, but good luck.

Yes, fully agree with you.

Usually best to start a little lower than the price you want it sold for, the price is determined by people who are really interested in this coin at the time it is available and how much they'd be ready to bid for it.
Also MS64 is your own estimate, not one of the highest ratings to start with, I see your finger on the coin itself in the picture, has it been handled correctly?

A lot of small details can make a coin more valuable to the eye of a potential buyer.

And yes, the BTC pump is also influencing the current physical btc market, negatively.

Thanks for the insider information.

Since the day I received the coins from casascius first hand (in a simple enveloped between 2 pieces of carton, if I recall right). I've stored them  in my safe in a plastic envelop. I guess this is how those coins age. I would not know how to best handle physical bitcoins.

Thank you for taking the time to respond.

I really love this community! Being away from bitcoin for some times I remember now how fascinating this new eco system still is. 

I cringed when you posted the picture with your finger on the coin.  Rule of thumb is to never ever touch a collectible coin with your bare hands.

Will follow your advise and put gloves on in the future! Thx.

Beautiful coin as there were so few of that specific series minted, I'm sure you'll get some nice offers!

Thank you for your support, unfortunately no bid yet at the starting price. Will need to wait some more years I guess.

I agree, the v1's seem to go for higher in general, but I think that may change in the long term as collectors become more familiar with the series and mintages.  I agree with OP that the 2011 S2 should be valued more than the S1, but prior sales indicate otherwise.