Bitcoin Forum

Hi

I have an unfunded 1000 BTC gold coin. What base price shall I auction it at?
Example pic: http://imgur.com/a/9GAnx
Coin has it's own value of '1 troy oz .999 gold'

Best regards,
Edi

One of coblee's 2FAs? Give you a thousand bucks over melt for it

I guess this is bought/given by Casascius, to OP.

I'd give you $5k for it

I will give you $8k right now

$8.1k in BTC

$12k in BTC + shipping insured

Ohhhhh alright moneybags... I'm out, hope you get it dude

Fine....yours

lol is this a real auction or just a poll?

Coblee was selling some of these not too long ago. His were the 2FA unfunded ones. I think he's still selling them but can't remember the price exactly. Either way seems like you've had some very nice offers.

Hey guys

Thank you for the interest. But as I said this is an experimental poll.

Also, if it was a real auction my starting bid would be 8 BTC (no interest in USD even if 8BTC  = 1 USD, hypothetically ).  And I would use Minerjones/Blazed as an escrow for this.

Best regards,
Edi

Is this a 2FA coin like the ones coblee sold not so long ago?

Is coblee still selling his for 14 BTC? Because if that is the case than this is a steal!

Why would you pay 14BTC for an empty 1k btc physical round? Seems like idiot logic.

Welcome to the Collectibles section, where people have bigger bags of money than brains. ;)

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When someone tells me that Kialara premiums are high (I like blazing fires).. ::)

Why do people pay millions of dollars for a stamp? A small piece of paper really? Because its a rarity and demand is greater than the supply. Besides these coins are a big part of Bitcoin history.

Two signs of market maturation:
1. Set Collectors emerge
2. Spot + Premium sales emerge where Spot = 0.

 Years ago the statement was - who on Earth would pay more than $1000 for - insert random crypto collectible with premium, collectible value only.
 Now we have specimens selling for $40,000, and only 2000 of that can be attributed to the spot value of gold.
 From the people I have spoken with, my understanding is that these are being snapped up quickly.

ridiculous to me

This painting is the highest sold painting ever. This painting was sold :
https://upload.wikimedia.org/wikipedia/en/5/5f/Photo_of_Interchanged_by_Willem_de_Kooning.jpg

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Take a look around. People pay for the rarity. That 1000 BTC coin is very rare.

Best regards
Edi

Lol. Those who cannot afford use those words. Here this painting was sold for $188 million
https://en.wikipedia.org/wiki/No._6_(Violet,_Green_and_Red) (https://en.wikipedia.org/wiki/No._6_(Violet,_Green_and_Red))

Check here for more : https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

It's the rarity that counts.

Best regards
Edi

Lets see some photos of your coin

Then get out of our section. ::)

They are desirable, but definitely not 14 BTC desirable to me. Even more so when future BTC appreciation is taken into account.

How many gold ones are out there in total?

 You really need to split "gold ones "up.

 There are in band releases. Then there are extras.

 So the mintage of loaded 1000 bitcoin bars is extremely low. Less than 10.

 These coins being made available, we're not known to have existed until Charlie lee announced it. Mintage is not known, but they are a separate collectible.

 There are direct parallels with the unfunded casascius bars.
 These are both different from an in band release which has been redeemed but still has its collectible unique first bit hologram.

 We can look at how much low mintage items have sold for in the past.

There was a first day coin - 1 btc -  which sold for 50 bit coin.
 There is a series to stick a coin with a mintage of only 45. Those have sold for, I forget now, let's say 20 bit coin for a one bit coin coin.

 When you get to mintages lower than that the sample size is smaller.

 The 100 bit coin bars now have a mintage of about 16 left. I have sold those for premiums of...more than 50 bit coin.
  The 1000 bit coin coin's have a vintage of five or six. I believe Goat set the record , when he sold a 1000 bit coin coin for $1,250,000 or 1250 bit coin.
 Rarest is the 500 bitcoin bar, of which only one exists for each version.

Interesting. Got more info about this? What was the first day?

Im HIGHLY interested in this, If you are seriously willing to sell it i will shoot you a PM

How about 10 million for a small piece of paper like a stamp?

  http://www.nbcnews.com/news/world/british-guiana-stamp-sells-record-9-5-million-n134161

         

I believe the first funded coins were on the 7th September 2011. I have an 8th September 2011 Casascius error coin..making it second day funding :D

I believe SgtSpike was the seller and it was for a 1 BTC.
 It might have even been discussed in the thread I have in my signature, can't remember anymore.

There are neat extrapolations for a valuation of key dates. I always like to draw the comparison of the Saint Gaudens coins.

 You get a sense of what 99% of collectors would settle for, to consider a set. And then at the top, the very few that complete true sets,  and the relative cost for those rarest pieces, compared to the rest of the set.

Key dates are gettin grabbed!

Here is the link https://bitcointalk.org/index.php?topic=214589.msg2250539#msg2250539

Thanks. First day seems to be 7th Sept. I had some 11th Sept funded coins.

https://bitcointalk.org/index.php?topic=256980.0

 Wow. 190 mintage  and it fetched 50 bit coin. You know most of these first days are being held by a few large, strong hands :-)

 For selfish reasons, as well as the good of the collectible community as a whole, I am also greatly looking forward to this auction. We are maturing!
 I anticipate that first wave HNWI  begin to enter after this multi-month correction when we start hitting 5000+. At that point, I expect the focus, finally, to be on true key dates/low mintage.

If that bears out, investments holy based on premium and no spot will win the most. If it never does they lose out fully. The risk must match the reward. And finally the market conditions are beginning to favor the reward scenario :-)

I can afford paying 1 BTC for this coin

You have at least 10 people that would pay more than 5BTC for this coin.