Bitcoin Forum

This is one of only 3 known Casascius 0.1 silver coins known to have received an MS-68 grade. The 0.1 is one of the rarest Casascius coins, with only 800 produced. A very highly desirable coin.

Starting Bid: 2BTC
Bidding Increments: .01BTC
Sniping: Auction ends 15 minutes after last bid, after deadline.
Ending Date: 07/22/2015 8:00PM EST
Shipping: Paid for by auction winner
Escrow: Paid for by auction winner (if desired)

https://i.imgur.com/WQjKhCL.jpg

https://i.imgur.com/7DyOG8F.jpg?1

https://i.imgur.com/S58cnLJ.jpg?1

I'll get it started...

BTC2

2.1

2.15

That was my first time participating an auction here. Had a mild heart attack when I realize that all entries are final - no edits allowed!

The morale is, bid with confidence! This is a beautiful coin...

Time to sweeten the deal:

The photograph in my coming book for the 0.1 Casascius coin will be of this particular coin.

Why? Its the most perfect specimen I get to photograph; of course!

Buy the coin that will be most famous :) The first bits will also be visible in the photo; so maybe a future selling point?

2.16

Under 7 hours left!

I'll bid 2.17BTC

Figured there would have been more interest

Is it over? I'll do 2.18 if not

:/ i think it was a mistake to use 0.01 as the min. increment.

TheAnalogKid, i suppose you win. I really think it should have gone higher. Please PM me with details

Wow, I am very surprised how low this sold for!

I'm almost certain that some ppl who meant to bid, forgot (atleast ill keep telling myself..)
Was assuming it would go to 3.5 at a minimum (nearly put reserve at 3, but thought eh why not)                       

Well the forum did go down for a little while so it is possible that some people were unable to bid.

Just finding out about this now.
 if true, then it should be extended with a small grace period

I could not log in for the last 20 minutes of the auction....

It is your auction, although this happened to someone else as well at roughly the same time and they ended the auction:

In that case, it is only fair that we set an extension.

To ensure complete fairness (so that prior bidders have an opportunity etc), i propose a solid 24h extension to 8pm EST tomorrow. Thoughts on this?

It's up to you and AnalogKid, but it is fine with me.

Will the extension keep the same bid increments of BTC0.01 or will the bid increments be increased to BTC0.10?

Alright; I am announcing an extension.


Ending Date: 07/23/2015 8:00PM EST
Starting Bid: 2.20BTC
Bidding Increments: 0.10BTC

AnalogKid; PM me if you are unsatisfied and I will try to make it right.

No matter which way I respond, I'm damned if I do, damned if I don't. 

If I don't agree to extending the auction and argue that by the stated rules technically I won, I'm perceived a sore winner and a prick because I am seen as trying to preserve an auction win for a coin that sold for even what I agree is a good deal below probable market value.

If I do agree to extend it, I stand a very good chance of losing out on the coin completely.

At any level, I object to a full 24-hour extension.  To me, that feels like the auction didn't end where you wanted the price to, so you're adding on hoping that others will jump in in this extended period and get you more for the coin.  This was an auction.  When you auction, you are gambling and risking both sides - you could get more than you hoped, or you could get less than you hoped.  If you wanted a better guarantee for the former to happen, list the coin for a higher start, and put a reserve in, and make it a 5- or 7- day auction.  That part isn't my fault.

In the end, whether I or anyone else agrees with it or not, it is your auction and your terms.  Do with it what you wish, and I will abide by the decision either way.

As an observer here, I agree with TheAnaolgKid,  Extending it 24hours for a 20 minute outage is excessive, but also changing the bidding rules looks just plain shifty.

I would agree with this 100%. I was similarly affected by the forum going down, and my auction did not go the way I was hoping for (even though I agree that both my coin and your coin are worth far more then the high/winning bids), however I honored the terms of my auction.

I think that extending your auction might lead to you get maybe 1 or 2 extra BTC for your coin, however the damage to your reputation will likely be much greater, at least it will be in my eyes.

I have offered to personally compensate AnalogKid, and hopefully make this right. I want to make sure everyone walks away with the feeling that a fair decision was made.

I would say that as long as your winning bidder (TheAnalogKid) is happy then I don't see an issue with the auction restarting, however I don't see a scenario where both TheAnalogKid is made happy and you end up as a net in a better situation.

Meh...
I would have just accepted his bid and been done with it. I do not agree with changing the increments and adding 24 hours. I guess if he is good with it, but to me that is lame.

I think you had misunderstood what I was saying via PM. I was saying that I have seen multiple people honor the original terms of the auction even though unforeseen events made it impossible for additional bidders to bid, resulting in unfavorable prices for sellers, and more favorable prices for the buyer (who placed their bid early)

If that is indeed the precedent in these sorts of situations, I will honour AnalogKid's bid. I apologise for the confusion

Elianite and I settled this via PM, to I believe both our satisfaction.  We negotiated a deal for what I think is a more fair price for the coin, and, more importantly, includes a copy of his upcoming book which I'm quite anxious to see...  8)

The final price was indeed higher than the auction end, but it will be kept private at both our request.  The next public sale can happily establish the market.  Or not... ;D

As I said in our PM exchanges, the way it ended felt like it was Game 7 of the World Series, one team up 1-0, and the game was declared over in the 8th inning on account of rain.  Not the way you want to end something exciting, as it should have happened.

Elianite is a stand up dude, and I have no issues with him, or the way this was eventually handled.  And no, I'm not saying this because I ended up with the coin either.  ;)

I'm cool with it.  No bigee.  Grats on a very nice coin ;)

I'm sure we were all hoping for an interesting sniper-duel in the final seconds.
You were a great sport. Look forward to its safe arrival. Regarding the book; some exciting news is coming out soon! stay tuned :)

thanks for your understanding LazerViking. Hope to trade with you in the future :)

I am glad that you both were able to reach an agreement that everyone was able to walk away happy

I'll second that.  I'm sorry it came at your expense, and I appreciate the graciousness.

Hey, you never know, with the way ANACS is going with these grades lately, you might get one sooner than later, for less... :)

Np!  I think I'm going to go ahead and reserve of the books you are putting together.  Please put me down for whatever is the smallest available serial number.  Thx

So you were swayed from extending the auction by the only other person selling a M68 0.10 casascius coin at the moment..

I hadnt made that connection ! Made me chuckle.  :D

Auctions being affected by forum outages, or incomplete auction rules are always very tricky to handle. It is impossible to please everyone.

Auction bidding tactics ... get in early and see if you snag a bargain if noone else bids (or the forum goes down !). Get a fairly high bid in early and scare off the competition, but risk paying mnore than you should
Or
Wait till the end and snipe, hoping timezones mean you get a cheaper coin as your competition is asleep, or just plain forgets about the auction


I kind of miss the crazy days before the no snipe rules were common place, and people would auction multiple coins on the same auction without a sniping policy .... all added to the forum 'lockout' when a post had changed while you were writing your own post. Those were the days. ::)

While I do like your snarky comment, me swaying him this way was probably harmful to me. If he had not sold the coin to TheAnalogKid at the price he did then there is a good chance that I would have sold it to TheAnalogKid, likely at a much higher price (then the high bid amount). Now, I have a coin that I am interested in selling and the only point of reference is a high bid amount that I think is much below the market value.

Should be noted that final price was above the final bid. I have an ms67 version of the same coin. I might auction it also.