Title: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: cletus815 on May 23, 2013, 11:43:17 PM 450 of these 10 BTC silver coins were made. Casascius has stated that there is about an even split of the silver BTC logo coins and hand-painted gold BTC logo coins. This auction is for the silver variety.
I have never opened the case that the coin came in so it is still in pristine condition. The firstbit is 1AgYKnso which can be verified untouched at http://casascius.uberbills.com/?address=1AgYKnsoKJBZQLWFNaXzprSgxQznRbe39J (http://casascius.uberbills.com/?address=1AgYKnsoKJBZQLWFNaXzprSgxQznRbe39J) I have included 3 pictures in this album http://imgur.com/a/SJL0S (http://imgur.com/a/SJL0S) along with another which shows the coin and my forum name to prove this coin is mine. Bidding starts at 15 BTC and bids must be a minimum of .1 BTC increments. Please bid in this thread. The auction will end at 11PM GMT on May 28th. To prevent any auction sniping there will be a 10 minute window after the final bid to allow for additional bids (a bid at 10:58PM will result in the auction ending at 11:08PM. An additional bid at 11:05PM will result in the auction ending at 11:15PM) I will escrow as long as all fees are paid by the buyer. Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: cletus815 on May 23, 2013, 11:54:19 PM This should be the auction end timer (barring any last minute bids)
Timer removed. End time: 2013-05-28+23:00:00UTC Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Nightowlace on May 25, 2013, 05:16:15 PM If nobody bids on this auction I will give you 10.5BTC for it and pay for shipping to US (I don't know where you are located)
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Tirapon on May 26, 2013, 03:28:25 PM I'll start with 15 then
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Nightowlace on May 26, 2013, 05:03:11 PM 15.1
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: PsychoticBoy on May 26, 2013, 09:00:46 PM 15.2
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Nightowlace on May 26, 2013, 09:02:11 PM 15.3
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Tirapon on May 27, 2013, 07:26:11 PM 15.4
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Nightowlace on May 27, 2013, 07:47:09 PM Lets cut to the chase here
I bid 16.2 BTC Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Exoskeleton on May 27, 2013, 07:51:58 PM I have always been interested in the Casascius coins but I don't understand why this one would sell for over 50% its real value. I can see why this coin is worth more than 10BTC, and I want to buy one, but paying $150 for a $100 bill is a bit crazy to me. I understand a 10-15% mark-up but 50% or more seems a bit high to me. Im all for Casascius coins and I was looking to buy a few back at the start, but I just would like to know why they get bid up this high before I can consider buying one again.
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: DM90 on May 27, 2013, 08:07:36 PM It's because they are rare. I paid 100 btc for 30 1 BTC coins and have made a good profit on them even though I paid over 200% markup.
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Exoskeleton on May 27, 2013, 08:19:49 PM It's because they are rare. I paid 100 btc for 30 1 BTC coins and have made a good profit on them even though I paid over 200% markup. Wow. Like a museum piece then. I used to own a bunch of antiques and I like the idea that bitcoin will someday have its own form of those. This just seems too soon in bitcoins history for a collectors item. I could very well be wrong based on the response of bidders so far. Its the 200% mark-up I don't understand I guess. Why so serious? Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Nightowlace on May 27, 2013, 08:28:05 PM It's because they are rare. I paid 100 btc for 30 1 BTC coins and have made a good profit on them even though I paid over 200% markup. Wow. Like a museum piece then. I used to own a bunch of antiques and I like the idea that bitcoin will someday have its own form of those. This just seems too soon in bitcoins history for a collectors item. I could very well be wrong based on the response of bidders so far. Its the 200% mark-up I don't understand I guess. Why so serious? 1 it is very rare 2 it may not be produced any longer 3 it is a good store of value. Today you pay 16.2 BTC ($2106) if/when BTC hits $200, $300, even $500 each your coin that you paid $2100 for is worth $2,000-$5,000 just in BTC value plus the premium for it being so rare. Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: ixne on May 27, 2013, 09:08:36 PM 3 it is a good store of value. Today you pay 16.2 BTC ($2106) if/when BTC hits $200, $300, even $500 each your coin that you paid $2100 for is worth $2,000-$5,000 just in BTC value plus the premium for it being so rare. I generally agree, although consider that since this coin is priced in bitcoin, those x number of coins you paid over the stock 10 value would also have been worth a lot more, possibly more than someone is willing in the future to pay for a collectible coin. There are only a handful of fiat or ancient coins that command 10,000+ USD. Then again, if crypto currency truly breaks into the mainstream over the next few decades I wouldn't be surprised if those remaining intact, handmade Casascius coins reach "priceless" status - even if bitcoin ends up being replaced. The problem then would be dealing with counterfeits, as I don't see a good way of distinguishing a good counterfeit from a real coin without opening it. Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: Tirapon on May 27, 2013, 09:20:21 PM 16.3
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 09:18:46 PM 16.4
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: PsychoticBoy on May 28, 2013, 09:22:07 PM 16.5
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 09:23:04 PM 16.6
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: PsychoticBoy on May 28, 2013, 09:32:20 PM 16.7
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 09:44:00 PM 16.8
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 09:46:03 PM Where in the world are you cletus815 ?
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: PsychoticBoy on May 28, 2013, 09:59:17 PM 17.0
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: cletus815 on May 28, 2013, 10:07:12 PM I'm in Illinois.
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 10:17:05 PM I know you say buyer pays for Escrow, who is paying the postage ? (I am in the UK)
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: cletus815 on May 28, 2013, 10:25:42 PM I can cover postage to the US and Canada. Honestly I didn't think about shipping to foreign countries but how does splitting it sound?
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 10:28:17 PM Cletus815 that sounds very fair. Cheers buddy
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 10:28:52 PM 17.1
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: cletus815 on May 28, 2013, 11:01:20 PM Looks like it's yours monkeynuts. I will pm you to finalize the deal.
Title: Re: [AUCTION] Casascius 10 BTC 1 oz silver physical bitcoin Post by: monkeynuts on May 28, 2013, 11:04:41 PM OK. Just sent you a PM. Cheers
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