Bitcoin Forum

Hi guys.
I'm brand new here, just made a user name to post about this.
I have an unopened 2011 25 btc Casascius with the hologram error.
Would like to avoid destroying it's collectible value by opening it.
I feel this should be in a whale's collection, or even a museum one day.
Looking to trade in person under some sort of 3rd party supervision for btc.
Not sure of what the collectible value is on this, as they keep getting rarer, but hoping to get 30 btc for it.
Original owner, in NYC area.
Please PM to discuss if interested.
Thanks!

Pic w/ username & date:
https://i.imgur.com/sbWxa11.jpeg

Thanks friend.
I couldn't figure out how to do that.

Nice coin you have there.  The picture thing has to do with being a newbie on the forum.  Dont know the exact rules but I think you have to hit a certain rank before you can post pics.  Good luck on your sale 30btc might be a bit of a stretch at this point, the buyers market is low on this one due to the amount (or lack there of) of people able to buy this.

Thanks.  Ah ok that makes sense about the picture.
I was afraid it might be a bit much to hope for, but it can't hurt to try.

beautiful coin! I keep kicking myself for not having picked these up years ago when it was affordable. Hindsight is 20/20 though right?

as wheelz stated 30 btc might be a reach but still any premium will pretty much beat just a regular peel and redeem. There are several trusted escrows that have done such deals and larger ones as well and have done courier services as well. So, you are definitely in the right place if you are wanting to sell it.

glws.

It's a great coin but probably best just keeping or peeling. You'll never get a $100k premium. The more $ BTC is worth, the less BTC premium Cas coins demand.

I am curious where these people what they pay millions $ for old coin. They probably did not hear and Casascius

Have you thought of auctioning it here?

  High old Numismatic value coins are sold mostly through auction houses such as Heritage and Sotheby's, those collectors prefer government issue coins. These collectable crypto's have a numismatic value as well but the market demand is far less than the well established generations of coin collectors.  I think eventually ( 20 yrs IMO) these collectables will carve out a niche for a new generation of investors/collectors. The demand is at a 30 year low and peaked around 1991.     

Crypto collectables and traditional numismatic collectors are completely different markets (just like stamps and coins). There are a few that overlap (like me) but I think we are pretty few and far between. I don’t expect the traditional numismatic market to show any interest in crypto collectables for many years if at all. On the other hand the crypto collectable enthusiasts are getting more and more and so I suspect the casascius premium will continue to rise (at least in dollar equivalent terms)

Thanks for the replies guys.
I see that auctions happen on the site, but I am brand new here and unfamiliar with how that works.
Also, I don't really trust that this can be mailed somewhere safely, so was definitely looking for someone local to NYC area.
I get it that it will definitely be less hassle and much less possible risk to just peel it and redeem, especially since I'll most likely walk away with well less than 1 btc on top..
Additionally I have no idea how much I'll lose in escrow fees, and then there's taxes to consider..

General question to anyone, how much do btc escrow services typically cost here?

I cannot speak as to what the other escrow guys charge for the fees, my escrow fee is 1% -- As for the courier services, I would love to offer the service know that I could do it easily enough with no issues, I freely admit that I have not done any for deals on these forums.  I know that anonymousminer has and I believe that minerjones has as well. I am pretty sure there are a few others that have as well.

Hi, so I'm in the NYC area, in case you need assistance selling your coin, I've worked with:

minerjones : https://bitcointalk.org/index.php?action=profile;u=346731 (https://bitcointalk.org/index.php?action=profile;u=346731)
anonymousminer : https://bitcointalk.org/index.php?action=profile;u=1668017 (https://bitcointalk.org/index.php?action=profile;u=1668017)
and krogothmanhattan: https://bitcointalk.org/index.php?action=profile;u=1000199 (https://bitcointalk.org/index.php?action=profile;u=1000199) 

I can vouch for them as trusted escrows.

Please make sure you check the user profile of whoever contacts you for this coin as there are scammers lurking who may attempt to impersonate another member on this forum. Always check the proper spelling of their username and link to their profile.

Some people will misspell or add a special character to the username of a valid member which you may not notice in their impersonation attempt to steal your coin.

If you need any logistics help, please let me know and ill see if I can assist.

Good luck with your sale, its a great coin :)

thanks,
Buck

Absolutely beautiful coin,  if it was me I'd get a hold of Anthony "Pomp" Pompliano on twitter he knows the big boys ( whales ) in the space and i bet he would git you in contact with a big boy buyer, just my 2 sat's . 

Thanks for even more useful replies everyone.
Still mulling over how I want to handle this, and watching in awe as we all watch what is happening.
Much appreciated information & suggestions.

Have to disagree. Many people who collect here were numismatists/traditional coin collectors first. There are traditional coin collectors entering this space all the time. I get messages often on my Instagram “physicalcryptocurrency”account from traditional coin collectors inquiring about these types of coins/wanting to enter the space. This will only increase as time goes on.

OP- heck of a coin. Great job not peeling it over the years. If you’re looking to sell this sooner than later Id post it all over every social media account letting people know  ( Facebook, Reddit, Twitter, youtube, etc ). 

I have to agree here as we see the big money players begin to enter the space many of them are collectors(fine art, watches, cars, wine, homes, baseball cards ,etc......) There will be in my honest opinion a handful or 2 that once discovered will be all over owning some of these masterpieces of BTC history! Hang on fellas it's about to get AWESOME!


iBHK8

There is no question. Many people simply are unaware of these at the moment. They are starting to hit auction houses,  which will only further drive this hobby. Like bitcoin, it’s just getting started. https://www.liveauctioneers.com/search/?keyword=Bitcoin&page=1&pageSize=24&sort=-relevance&status=archive

Looks like this coin was just peeled. Can't say I blame anyone, a lot of money to trust when you can just peel and take your money.

Kinda sad 😞

I believe  you are correct -

https://i.ibb.co/VqGHrc1/image.png (https://imgbb.com/)

RIP 1Pv1qfdU

Would love to own one, wish this one had been in my league  :D

Peel baby Peel.....Peeling Inferno!

Not sure about you fellas but nothing makes my day like waking up to see massive amounts of peelings taking place.




iBHK8

OP made the right choice, v impressive sight to see, almost a million bucks in my local currency (CAD). What a time to be alive  ;D

I think we are rapidly approaching (if we haven’t already reached) the time when the 25 BTC is simply unsaleable. The risks for everybody concerned are just too high. And I think it won’t be that long before the same will be true of the lower denominations. Hell, if BTC reaches 100 K I’m not even sure that the one BTC coins will be saleable  anymore.

correct like me  :)  some here know of my buys and sells of these gems however many don't know my past is of over 40 years of coin and comic collecting.  I also wrote articles for investors like ( Investing in The New Year) for over 15 years who were subscribed to my IR business (Equity Research IR and or Equity Movers both of which I sold years ago) . Since just before BTC broke $700 I had been introducing coins like these to investor friends for their numismatic potential as well as the BTC potential. Its still a matter demand into an emerging market. The risk increased dramatically when BTC crossed $2,000.  So its still a delicate balance of gaining Numismatic value in a highly volatile market place.

Once stability has been established for a longer period of time numismatic values should increase. 

 

I’m a similar tale. Collected coins and cards since I was a kid. Picked it up more so as an adult. I’m an investment advisor so I’m always looking for new finance products. Found btc and shortly after bought some of those copper anonymous mint Coins. Then I came across kialara Casascius and bitcoin Penny and I was hooked. Many others w similar story.

Every peeled coin drives up the remaining value.  In 10/20/50 years they’ll all be worth 5x BTC price. Leave for the next generation.

If you disagree I’m not sure why you wouldn’t sell all your coins right now.

Damn. Logic versus emotion. I love them so how could I sell them ?

Actually thinking about it you might be right. As crypto get bigger and bigger and the number of peeled coins get smaller and smaller, it will only take a small number of serious buyers to keep premiums up.

It is kind of weird though but there doesn’t seem to be any commercial retail/broking source for buyers. This place is of course wonderful but ...

I've got a fully loaded one if anyone knows somebody that wants it.

cool ChiBit nice to meet you, I think all the original non loaded collectibles will continue to gain in numismatic values over the years. A lot of these guys like wheelz had some great collectible idea's as this market emerged.  I really liked his limited supply of Geneses coins, Fun stuff. Took a while to get my son interested in crypto's but I found a slick way to do it.  I had him open a coinbase account a few years back and I gave him some LTC... he is pretty happy now and interested lol...  on a side note I am hoping this sustained increase in the price of silver will spark an interest back in MS slabbed coins again like Morgans.   

good luck all in the new year with your investments !

@OP:  If you want to sell the peeled coin, shoot me a PM.

With say a 10% premium and the forks, must be looking at $1 million for the 25 BTC. Incredible

I recently peeled too 1 of my Casascius collection and having good profit on scalping daily, it’s profitable form me to just peel rather than risk on mailing it overseas so I understand the decision of OP to just peel considering the current price of BTC. The premium and the fork value decrease overtime in terms of BTC value. OP can just simply re buy any 25Cas coin available in case BTC price dump soon for less $.

Btw I have 2 peeled cas brass coin with holo. Just PM me your offer.  ;)

Yes, I hate to report, the deed was done.
As was said, it's a lot of money to be risking out there in the world when you can just peel it at home and be done with it.
Life changing amounts.
Thanks for the good discussion everyone, I look forward to what the future holds in the btc space.

It's completely understandable and congrats on holding on as long as you did! Happy New Year to you!

iBHK8

I believe there will come a day in the fullness of time where it will cost 5 bitcoins/the equivalent value in whatever currency to acquire a funded Casascius 1-bitcoin graded 69, 70. 

This seems laughable now but eventually they will come to be seen as royal treasures, Crown Jewels of private and museum collections.  It might be 50 years or 100, but these will be wonders to behold someday.  The supply will steadily dwindle until there are just a few hundred scattered across the earth

I agree with this premise wholeheartedly. The exacts of course nobody knows for sure but I 100000% agree with the basic premise of your meaning here. I have been saying recently just as a recent example that we're now beginning to see the big larger hedge fund money come in. Well just as a small example often times in those circle those guys are collectors(watches, exotic cars, fine art, homes, baseball/basketball cards, wine, cigars, coins, stamps, yadda yadda,  etc...) Once those guys get their BTC access and then begin to understand and discover oh wow wait a minute you mean to tell me that BTC has a collectibles side/section to it as well? And that's when we will likely begin the process of premiums picking back up all the way to getting somewhere where you're pricing it at. Regardless of where it actually lands I believe we all agree that once we get more exposure and that exposure is on it's way then these beauties will absolutely be treasured and appreciated like never before! Cheers!

iBHK8

Even a year ago I’d have laughed. Today just took proud delivery of Bitcoin Magazine Issue 16

Another one bites the dust this morning

https://www.blockstream.info/address/1GLW4TByqGhHQsq4vMJVGWZh9aC9HZiRNi

Thanks, it's been an intense decade long rollercoaster ride.
Happy New Year to you as well.

Could happen but I don't think premiums will ever be that high. If BTC drops to $100 in 50 years, then yes. If it's the reserve crypto currency, then no way someone will pay $500k (example) for a $100k worth coin.