Bitcoin Forum

***Sold but looking for advice on a safe transaction. Please scroll to last message!***


Hi all

I'm an outsider to the btc community who was given one of these coins when they first came out. It sat untouched in a milk jug filled with USD coins for a couple years, forgotten about. Then I found it a few years ago, discovered it was worth something, and put it in an envelope in my safety deposit box where it has resided ever since.

I'm interested in selling the coin but am not comfortable with the process of mailing it to a third party etc. (No offense Mr Minerjones) I am more than willing to travel to a btc convention or to you (especially if you live somewhere warm where I can make a mini vacation of it) to do the transaction. I'm happy to escrow something to minerjones to prove my seriousness about selling, if anyone is hesitant to deal with a newbie.

I would like to put a starting bid of 1.30btc on this, and the auction will end on 1/16 at 10pm EST or when there is a 36 hour period with no bids, whichever comes later. Bids in mulitples of two decimal places please.


Edit: Pics are a couple posts below

Cannot open any of your images...I get this error

 

  Take a pic of the coin front and back with todays date and your username next to the coin to verify you own it. Upload pics to www.imgur.com

  Also read this good thread by Satslife on selling,auctions.etc... [INFO/REFERENCE] AUCTIONS/WTS ETIQUETTE (https://bitcointalk.org/index.php?topic=5273821.msg55139268#msg55139268)

https://talkimg.com/images/2024/01/11/sqsJH.jpeghttps://talkimg.com/images/2024/01/11/sq3bg.jpeg

I went ahead and posted the images for you.  Good luck with your sale.  Be safe and use a trusted escrow.  I'll be watching to see the final result of the auction. 

and here is the full address of this cas-coin
https://blockchair.com/bitcoin/address/1Nx3Eg7wWQE1TbQkJbWCJb92G89VQguswa (https://blockchair.com/bitcoin/address/1Nx3Eg7wWQE1TbQkJbWCJb92G89VQguswa)

what is the spelling error?

The hologram says 'casacius' instead of 'casascius'.

Appreciate the help with the pics guys. Guess I might have gone overboard making a one week timeframe for the auction but wanted to make sure as many people saw it as possible. One thing I want to clarify, my post says auction ends Sunday 1/16. Sunday is actually the 17th.

Auction ends on Sunday 1/17 at 10pm Eastern. Happy bidding

Wow for the first edition with the error? If thats the case I'll hold onto it for another couple years and see if things change. Until then its yours for the taking for 1.3 btc and I'll do whatever is necessary for a newbie to sell on here.  8)

If you are hoping for the bitcoin premium to go up, your only hope is that the price of bitcoin crashes. The btc premium should trend to zero as the dollar value of bitcoin goes up. 5 years from now the dollar value of the premium may be substantial, but most likely less than 5% of a bitcoin.

I would recommend getting it graded which would help your case.

You could always sell it on ebay and hope the buyer does not file a refund after they receive the coin.

Great coin btw. Good luck with the sale.

any interest in lowering your asking price to something more reasonable?

 I think its reasonable  :-\ but the market will have the final say! I mean if someone wants to post or DM me with an offer I'd mull it over but this particular coin with it being series 1 and having the mysterious ERROR I would not even consider selling for the amounts talked about in the previous post. I'll hang onto it for a few years and see if there's a surge of interest from the general public at some point. If btc becomes mainstream as you guys predict I cant see how there wouldnt be

Hey, if anything, you're just making it less difficult to hold onto your coins.

If you truly feel that your coins are worth way more than the current market, then hold onto those thoughts: there's obviously a reason you led yourself to that conclusion and if it's based in pragmatism, there's no reason you shouldn't feel like it's wrong.

---

Most of us hold onto our Bitcoin even if we spend it buying collectibles - you're just doing both at the same time. :)

The premium for this coin is pretty low because it was produced in relatively large numbers. It’s the most common Casascius to be offered for sale generally. Even then, a premium of 0.05 BTC is still pretty impressive. For 0.05 BTC You could buy a nice little starter collection of European gold bullion coins.

Thanks for the comments everyone. All reasonable and fair. That said, I'm happy to hang on to the coin if no one wants to pony up the 1.3 BTC for an opportunity to own a part of the very first series of cascaiscus ever made.

Auction ends at 10pm Eastern tonight!

This could be a great opportunity for a reverse auction. Just sayin :)

Hey if someone wants to make an offer I'll certainly consider it. But 1.05 btc is barely more than if I peeled it and got the btc and the forks. Plus I have to travel depending on where you are or a btc convention or whatever

Lets stop the funny business and start the bidding shall we  ;D

Will check back in 6-12 months or if btc price crashes....thanks for the feedback guys

Hello all

Taking a shot in the dark and putting this up for sale again. Terms the same. Will start the bidding at 1.29btc. Open to a method of sale that will be safe and agreeable to all. Can post another pic or do anything reasonable to confirm possession of the coin and my legitimacy once I know there is some interest.

Starting bid : 1.29 BTC

Minimum bid increments : 0.01 BTC

End time : Monday, December 13th, 2021 10pm EST or when there are no bids for 48 hrs whichever comes later

See you guys in  6-12 months  :-[

Hello all

Checking in again now that the price of btc has dipped. I still have this coin and am again looking for a sale price of 1.29btc. I am willing to use minerjones or meet at an agreed safe location. The price is pretty firm, if you give me a good reason to come down I may consider it but Im not sure what the reason could be.


Will be happy to post pics again, and/or do anything reasonable to confirm my legitimacy.

Have you thought about getting it graded? 

some recent sales... https://auctions.stacksbowers.com/auctions/3-Z8XRW/the-winter-2022-auction-session-11-cryptocurrency-anniversary-lots-10001-10104

Ive considered it but was hoping to sell on here without the scariness of sending back and forth to grading company. Even sending to an obviously reputable character like Minerjones is scary to me but I have become more willing to do that since I originally posted the coin a couple years ago. If there was a way to get it graded in person somewhere near me I would be interested.

Anyway not holding my breath but I'm hoping for a no hassle and smooth sale to get rid of this thing. Cant stress enough that I know I am an unknown newbie and am more than willing to do anything reasonable to prove I'm legit and not a scammer

***Price reduction to 1.20btc***

Deal runs through MinerJones or can travel to meet in person. If cash transaction will do for 1.15btc equivalent and will use whatever escrow process is customary here.

Willing to take whatever steps are needed to establish legitimacy as someone with no transaction history.

I have agreed to terms with Mister Av8rJeff for a sale price of 1.20btc cash equivalent via zelle or venmo for an in-person transaction. Can anyone suggest safeguards for the two of us for this transaction? I admit to being nieve about the methods scammers use for stuff like this. I know paypal its possible to reverse transactions so that is not an option, but have to do some research on the others. One obvious thing is to do the deal in a place like a bank or police station but other than that what do smart cryptoers do to protect themselves in these in person transactions?

one easy solution - meet at a police station or a very public place.  Hard part with zelle or venmo is its possible to get transactions reversed so you really need to be able to trust the person paying you to not reverse the payment.

if it is in person, they could simply just buy btc with the fiat and pay you in btc - that will not be reversed then and you can easily verify the txn on your own.

Or a cashiers/bank check would work also

I had a high school friend sell his truck for 48k via cashiers check 6 months ago… yeah that check was counterfeit and his truck was half way across the country 24 hrs later.

I feel safer using Miner Jones as an escrow (as buyer and seller) and shipping registered mail or priority express with 3rd party insurance. Coin really needs to be authenticated and holo looked at (in general when spending that amount of money). And you need to make sure you are safe as well.  When packaged securely and labeled correctly - 99.9% of the time you will be fine.  And it will also be cheaper/safer

I couldn’t imagine meeting some guy off the internet with 30k (does Zelle have limits? Venmo was 2k at one time) or a Cas coin

I've done several large deals! Some in foreign countries.

1. Type up a purchase agreement with them so everyone is on the same page and sign it.
2. To verify the person is serious, you can have them send a fee that goes towards the full purchase price. For example, have them pay 3k. It isn't refundable if they don't show up. This will also help pay for your travel expenses if they waste your time.

3. Buyer was to bring a cashiers check of the total amount minus the 3k that was sent a week earlier. Venmo/Paypal will most likely flag or hold large amounts of money for a period of time. Over $10,000.00
4. If you have a receipt for your original purchase bring it. You don't need to show it to anyone unless necessary. This can help protect against confiscation by TSA or foreign government. 
5. We met at a hotel were we discussed the collection and verified that it was authentic.
6. We made sure that the hotel was within 1 mile of the sellers bank branch. After the collection is authenticated and verified, we both went to the bank together and the cashiers check was deposited.
7. Only after funds were deposited, the bank says everything is good and a receipt was given, did we part ways.

Hope this helps.