Bitcoin Forum

Economy => Collectibles => Topic started by: realsteelboy on February 23, 2023, 12:27:13 AM



Title: Casascius Coins
Post by: realsteelboy on February 23, 2023, 12:27:13 AM
I have recently peeled 2 1BTC coins to redeem them. I didn't want to do it but I needed to.

I m going to need 2 peel more soon but I would rather they were sold for their value, also not peeling a piece of history. It just seems that finding a safe way to sell and handover the coins isn't worth the risk and maybe just selling the peeled coins afterwards makes more sense.

What could I expect for a standard 1BTC coin right now? How about a peeled coin?

Thanks


Title: Re: Casascius Coins
Post by: CARIBBEAN_TREASURES on February 23, 2023, 12:47:43 AM
Depends what specific coin you have. Post pics :)
2011 error will bring more than a 2012 brass
Do you have the 2013 silver 1 oz?


Title: Re: Casascius Coins
Post by: MoparMiningLLC on February 23, 2023, 01:06:08 AM
A safe way is to use one of the trusted forum escrows such as minerjones


Title: Re: Casascius Coins
Post by: blucepheus on February 23, 2023, 02:44:39 AM
Yes to all of that. We should be able to get you in the ballpark with photos.


Title: Re: Casascius Coins
Post by: markinaz on February 23, 2023, 02:47:31 AM
Out  of curiosity, what did you do with the most recent peeled coins?  


Title: Re: Casascius Coins
Post by: minerjones on February 23, 2023, 03:02:49 AM
I have recently peeled 2 1BTC coins to redeem them. I didn't want to do it but I needed to.

I m going to need 2 peel more soon but I would rather they were sold for their value, also not peeling a piece of history. It just seems that finding a safe way to sell and handover the coins isn't worth the risk and maybe just selling the peeled coins afterwards makes more sense.

What could I expect for a standard 1BTC coin right now? How about a peeled coin?

Thanks

If by standard, you mean "brass"... you can expect anywhere from 1BTC to 1.3BTC depening on the date, condition, etc....
A peeled coin w/ the hologram intact will fetch around $500-$1000, again depending on date, condition, etc...
Happy to help out if needed :D


Title: Re: Casascius Coins
Post by: realsteelboy on February 23, 2023, 09:29:59 AM
Out  of curiosity, what did you do with the most recent peeled coins?  

Just kept them in their case with the hologram half peeled off



Title: Re: Casascius Coins
Post by: krogothmanhattan on February 23, 2023, 10:04:56 AM
Out  of curiosity, what did you do with the most recent peeled coins?  

Just kept them in their case with the hologram half peeled off




   Good thinking and doing!  As a collector I prefer to have the hologram and private key provided with the coin as it keeps collectable item more desirable and also gets a greater price if ever sold down the road again! ;)


Title: Re: Casascius Coins
Post by: cygan on February 23, 2023, 10:14:47 AM
never peel your coins that you then want to sell. if you then sell them in their original condition (i.e. not peeled), you will definitely make more profit than just the nominal amount.
and of course you will also have less expense

just my 2 satoshis :)


Title: Re: Casascius Coins
Post by: Coin_trader on February 23, 2023, 10:23:42 AM
I have recently peeled 2 1BTC coins to redeem them. I didn't want to do it but I needed to.

I m going to need 2 peel more soon but I would rather they were sold for their value, also not peeling a piece of history. It just seems that finding a safe way to sell and handover the coins isn't worth the risk and maybe just selling the peeled coins afterwards makes more sense.

What could I expect for a standard 1BTC coin right now? How about a peeled coin?

Thanks

I do the same in the past by peeling coin when Bitcoin at peak price around 60K rather than sell it because you will need to wait for the courier to arrive that sometimes took months if overseas that result to long waiting especially if you need the cash badly. I just sold the peeled coin to @minerjones to recover some of premium cost when I purchased but still worth since the price of Bitcoin now is almost just1/3 of the amount I get when I peeled it.

I suggest to use @minerjones as an escrow or a shipping forwarder to guarantee safety of your coin. He made a lot of successful deals involving this kind of coin.



Title: Re: Casascius Coins
Post by: realsteelboy on February 23, 2023, 08:09:52 PM
Depends what specific coin you have. Post pics :)
2011 error will bring more than a 2012 brass
Do you have the 2013 silver 1 oz?

Sorry I missed the question. Yes I do have the silver.



Title: Re: Casascius Coins
Post by: OgNasty on February 23, 2023, 08:58:37 PM
never peel your coins that you then want to sell. if you then sell them in their original condition (i.e. not peeled), you will definitely make more profit than just the nominal amount.
and of course you will also have less expense

just my 2 satoshis :)

This seems to always be a point of contention between collectors.  The premium on these sorts of coins honestly doesn't seem worth the risk to me currently, but some of them still do fetch decent premiums.  The thought of losing such value in the mail is heartbreaking to me, but I'll admit I've shipped some pretty insane things.  I guess it comes down to risk and the individual, but it's no easy decision to sell instead of peel.  If you bought a Casascius coin for $10 a long time ago, you might be more than happy with peeling, but I could see someone who is at a loss in USD terms wanting to try and get back as much as they can.  Timing could also have a lot to do with it.  Imagine missing the top of a market because you wanted to negotiate a sale.  These Casascius coins are selling for around $30K now even with the premium, so a buyer peeling when BTC was over $60K instead of waiting for the right sale arguably made the right decision. 

TL;DR - A bird in the hand...