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Title: How to sell Casascius bitcoins Post by: ObjectInSpace on November 17, 2013, 07:34:36 PM Hi all, first post here.
I own a few of the 2011 misprint Casascius 1 BTC coins and I was thinking about selling some of them. The problem is, I have no idea how to do this. I could use a service like eBay but with fees of 10% plus Paypal plus the risk of chargebacks, I'm not keen on that at all. The only option I can really see is to meet in person or use some sort of escrow service. And even meeting in person would be difficult because of the large sums involved. Does anybody have any experience of this that could offer some advice? Thanks. Title: Re: How to sell Casascius bitcoins Post by: Dragooon on November 17, 2013, 07:36:23 PM Casacius btc are simply normal BTC with their private key in the coin right? Can't you redeem it and sell it online (using escrow preferably)?
Title: Re: How to sell Casascius bitcoins Post by: ObjectInSpace on November 17, 2013, 07:43:52 PM That's correct. But the value of a funded Casascius coin is multiple times higher than the underlying bitcoin, so I don't want to redeem them - both because of the value involved and because it feels a shame to do that. There were only 11,000 of the coins minted so I'd like to keep them circulated if possible.
Title: Re: How to sell Casascius bitcoins Post by: Dragooon on November 17, 2013, 08:05:00 PM Ah okay, well you can try selling them here, maybe a trusted member is interested in buying
Title: Re: How to sell Casascius bitcoins Post by: bitcoin44me on November 17, 2013, 08:38:40 PM Post a topic in the Goods section of Marketplace. You'll have to wait for 4 hours before you can. Yes, you can do that or bitmit or any other website :) Title: Re: How to sell Casascius bitcoins Post by: ObjectInSpace on November 17, 2013, 09:41:44 PM Thanks for the replies.
I realize I can make a post here. But what I'm looking for is clarity on what to do if I find a buyer. How do we actually make the exchange? I wouldn't want to post off the coins without payment first, and I'm sure the buyer wouldn't want to pay without confirming the coins are genuine and unredeemed. This seems to require either a physical meetup or an escrow. I was just wondering if anyone here had experience with buying or selling physical coins and if so how they made the exchange. Title: Re: How to sell Casascius bitcoins Post by: tunctioncloud on November 17, 2013, 09:48:11 PM Post a topic in the Goods section of Marketplace. You'll have to wait for 4 hours before you can. Yes, you can do that or bitmit or any other website :) BitMit doesnt work anymore :( Try ebay for USD Title: Re: How to sell Casascius bitcoins Post by: ObjectInSpace on November 17, 2013, 10:57:46 PM Try ebay for USD As I said in the first post, I don't want to use ebay because of paypal and high fees. I found this post which looks useful. https://bitcointalk.org/index.php?topic=214589.0 |