Bitcoin Forum

This auction is for one 2013 1/2-oz. silver Casascius .5 BTC piece, loaded and in excellent original condition.

It has been kept in its airtite & was bought directly from the creator. I am the original owner.

Starting bid: 1 BTC
Bid increments: .02 BTC
End time: Tuesday 12/15/2015 at 8:00 PM EST (http://www.timeanddate.com/worldclock/usa/new-york)

Sniping: Last-minute bids will cause the auction end time to be extended so that the auction ends 30 minutes after the last bid.

Shipping: US shipping is included. Additional fee may be required for international shipping. Escrow is welcome, but fees must be paid by the buyer.

Reputable bidders only.

https://i.imgur.com/7Af4W0Xl.jpg

https://i.imgur.com/Vhp5DCLl.jpg

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

https://i.imgur.com/QLR6OkKl.jpg

Larger images:
http://imgur.com/7Af4W0X (http://imgur.com/7Af4W0X)
http://imgur.com/Vhp5DCL (http://imgur.com/Vhp5DCL)
http://imgur.com/fSOImik (http://imgur.com/fSOImik)
http://imgur.com/QLR6OkK (http://imgur.com/QLR6OkK)

Proof of funding here. (https://blockchain.info/address/1AgP9P6QwanpPgmVaXvKKAhn3nPZp9nese)

Watch out for scammers & make payments only to this address, which is in my signature: 1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu

1

1.25BTC

1.26

1.27 :D

2BTC

2.05

2.5

3BTC

Could I ask you to write your name and date next to the coin with the holo showing and not just the front.  Thanks, once you do...Im bidding

I'll bid 3.5; I happen to have 4 other silvers with 1AgP prefix, seems like I've found something new to collect  8)

For the record I think these coins are overpriced for what they are...a sticker is a sticker  :D

5BTC - let's bid it up to stupid prices either way

6!

Weee..... 7BTC

LEL. I'm out. This escalator goes too fast.

I wonder if OP had any idea of what he was selling here? I am willing to go a lot higher...so if anyone wants to bid just do it in 1BTC increments and save us all some time.

Makes me wish I still had a roll of these!

I am confused, why exactly is this coin being bid up so high? Is there something special about this cas half?

It's the series 2....only 45.  Check out the difference in the holograms at spotcoins:


http://www.spotcoins.com/bitcoin/casascius

I should've STFU. Jealous of Blazed's deep pockets!

Ahhh, I see. (I am going to be lazy) Are there any historical sales to show how much this coin is worth? (or what is an estimate as to what this kind of coin is worth)

I sold one for 15 BTC a couple of days ago.

...but I have connections as a seller.

I think only 45 created with series 2 sticker. Would bid but too rich for my blood.

Wow that is quite the premium. I don't think I know of any other coins that fetch a 14.5BTC premium, or even have a crazy seller that is asking that large of a premium.

It is really too bad that I did not get actively involved in bitcoin around a year earlier then I did.

I didn't even ask, the buyer came to me!

From the looks (https://bitcointalk.org/index.php?topic=1288536.new#new) of it, that is not even the only one of those coins that you have.

Well good for the OP, and from the looks of it, good for Blazed

Most of them never sold for over 10BTC though...only Nubbins can get that high of a price lol.

As requested, photo of hologram with date:

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

I've received a few questions via PM, so for the record:

A) This is the only silver Casascius half that I have to sell.
B) There is not, nor will there be, a buy-it-now price for this coin. The auction will determine the price.

Let's see where this goes!

I knew what it was as well and was prepared to send it with my bids.

OP, can you do as Wheelz suggested and take a photo with your username and date showing with the hologram.  Once you do I imagine bids will continue to escalate.

Cheers!

Did you know what you had? I was surprised you did not mention S2 hologram in auction...

Nice photo, I should have read further down thread.

So, I bid 8 then....

No, I didn't. I decided to sell a few coins, and was working my way from the smaller to the larger... lol. Apparently my research was a little spotty.

So I feel a little dumb. And I am a bit excited!

Holidays just got a bit better, huh  8)

I completely forgot that this coin was in the first entry on my sporadic, occasional bitcoin blog, in July 2013:
http://object2212.com/?p=1 (http://object2212.com/?p=1)

Mind telling us what you paid for it originally? I hope you got it for something cheap like 1.5ish

2.25 BTC on June 28, 2013.
http://blockchain.info/address/12QqX9cDjPqnW6zQVC4xaPVdwBmKaKE77t (http://blockchain.info/address/12QqX9cDjPqnW6zQVC4xaPVdwBmKaKE77t)

I believe the roll price was 12 coins for 16 BTC, plus shipping. The shipping rate on individual coins was hefty and they cost more too.

I expect OTOH and/or ducatalia to arrive shortly.

I might as well be interested, watch for my bid

Not 100% true !!
The last 2 I sold were for 14 each, both sold in the last 3 months, private sales
The 2 before that both cleared ~10 each, possibly the start of the year (hopeless with timings ...)
Didnt get as much as I could have for the 4 I sold before that, a few folks got bargains !
Wish I'd gotten a full roll of 12, rather than 'just' 9 (and the roll made up with s3s)

This looks a nice coin, good luck with the sale, expecting a few fireworks. Watching, probably not bidding, 'santa-nuts' been too busy spending already  :o

We all wish we got involved in bitcoin earlier haha, unless you are satoshi everyone feels the same way.  Its a real shame though but be thankful you aren't getting in when its $10k and some of mainstream tards are feeling good about their 2 bitcoins.

Just quoting to keep bids straight...so many extra posts here lol.

I bid 8.5BTC

If you are bidding then that is good for you. As a general rule, when there is conversation in auction threads people tend to not bid and/or forget to bid

I bid 9.5 BTC.

Also, if any sellers can find any of the following, this is my current wishlist:

2011 series 2 1BTC
2011 25btc version 1 'error'
2011 25btc version 2
2012 5 btc version 1 error bitnickel
2012 5btc version 2 bitnickel
2012 10btc version 2
2012 10btc version 2 "gold B"
2013 .5btc version 2.5 silver error

Please PM me if you can source any of these.

Dat noob account bidding 9.5 BTC for 4th post ever :0

OP may wish to request proof of funds

Yes please verify that bid is legit. Normally I have them send some coins to prove it (refundable if outbid). I will top his bid if it is legit though  :o

LOL. I love Blazed.

He's pretty much saying 'COME AT ME BRO' to anyone who dares outbid him.

I'd like to clarify that in my OP, "Reputable bidders only" means no newbies and no accounts with poor trust ratings.

No offense to any well-intentioned newbies this might affect, but I want to ensure a smooth and simple transaction that both seller and buyer are happy with, with no complications.

At the moment, the high bid is 8.5 BTC from Blazed.

In other news, whoever posted this auction to Reddit -- thanks!! Very cool.

Some users prefer to stay somewhat anonymous in this matter so that's why you may be seeing  "newbie" bids... Just saying...

Agreed. I am pretty certain that is the case here. Any way around this for them to bid ?

Confidential 'Max bid' placed with a trusted escrow, and the newbie bidder bids upto it ?
or
'Max bid' funds provided to a trusted forum user to use as a proxy with them bidding on the newbie bidders behalf

(I guess you wouldnt even know if the second one was happening, unless they chose to reveal it .... Would just need to consider the shipping angle at the end of it)

CanaryInTheMine and MN are spot on; This is a case of a user who spend little time in front of the PC and values to be anonymous.
 
I have done multiple private deals with JackRilley and have found him to have the means to be good to his word.
I never had any problems when trading with JackRilley - everything went smooth.

Nevertheless, I respect that it is hephaist0s that ultimately decides the rules of this auction.

Thank you TookDk for vouching for me. hephaist0s, if you are willing to accept my bid, I will raise it to 10.5

Best Regards -

Jack

Ok, in this case I'll take TookDk's endorsement of JackRilley as enough to move forward.

Any future newbie bids will be evaluated on a case-by-case basis, requiring either proof of funds, use of an escrow to hold the funds prior to bidding, or at minimum some kind of vouching for the newbie by an established forum member.

My apologies for the mixed messages, I'm scaling a learning curve here.

JackRilley's new bid of 10.5 BTC is the current high bid.

I have 1BTC 2011 series 2 Brass. (gave away the rest of them to family and friends).
How much is it worth? Spotcoins says only 511 were funded so it should be considered quite rare?

Where did he up the bid to 10.5BTC? His last post said 9.5BTC...

Off topic, but if it is clean and not graded probably 2 - 2.25 depending how clean it looks. Send me a picture and I can get you a better idea of value.

3 posts up...

welp in that case Im out.  my max was 9.5-10BTC and I didnt even get to partake in the fun yet   :-[  Good luck to the winner

I will be wondering how close we will get to nubbin's sale of 14BTC, or if it will exceed it.

Best of luck to the winner.

A small correction:


Hot coins, crazy market.

Is that 1 hour to go ?

No action ?

It seems as those these coins tend to max out at 10BTC when selling at auction.

33 minutes left. Deal of a lifetime for JackRilley...

My max bid was 10BTC - 10.25BTC...so I am out.

10.6 BTC

Current high bid is Lairew with 10.6 BTC. Current auction end time is 8:01 pm EST.

Excuse me of being a noob in Casascius coins, but does it come with the PGP chain of custody? I see that you're the first owner so that's doable, right? I'm at the verge of bidding...

I am the first owner, so if Mike still responds to those requests after such long delay, I am glad to set that up. I hesitated to mention it only because I had not already set that up, and didn't want to be making promises.

But I'll be happy to take any reasonable steps to ensure / enhance the value for the buyer.

Actually, come to think of it, I'm not sure OP is in fact the original owner.

There were only 45 of these made, I had 12, I know of another (since-banned) forum user who had 12, and I know of another forum user who had 9. That leaves one full roll of 12 left over, and someone who claimed to be the mystery third owner sent me a PM recently.

OP, did you purchase a full roll or just one coin?

I purchased one single coin, directly from Mike through the website. Why are you asking this only now?!

10.62 BTC . Says .02 increments but if thats not valid then 10.7

... that sniping

10.7BTC

Only now discovering it :)

Strange stuff.

I realize this isn't ironclad proof, but since the hour is late I again point to my blog post from July 2013 in which i talk about this coin:
http://object2212.com/?p=1

That should count for at least something. If any one needs more proof of first ownership, I do have the emails from Mike.

I tried to bid 10.8 before 8:01 but got the following error:

The last posting from your IP was less than 360 seconds ago. Please try again later. The thing you were trying to post was saved as a draft. This limit decreases substantially as your account becomes more established.

I could not post, but I definitely hit submit before 8:01.

either way I thought the auction ended at 8pm as outlined in the original post?

Little frustrated because of the forums limits on my account.  I took a screenshot of the error, of course 5 seconds after my clock turned to 8:01 (I hit submit at 8:00:50)

It's still going on.

It's a valid bid.

10.9BTC then :|

Gotcha, thanks for the confirmation. Just realized that Mike didn't automatically include his signed statement with each and every purchase.

We are now in overtime, and each bid adds 30 minutes to the clock. The current high bid is 10.9 BTC and the current end time is 8:40 pm EST

hephaist0s: is my 10.62 at 7:59:59 or Lairew's bid at 1:00:35 considered the last bid? Trying to figure out which is being used for the 30min. Does it end at 8:29:59 or 8:30:35?

Current end time is 8:40 pm EST and Lairew is high bid. Here's the thing: this auction structure is meant to be proof against sniping, since each bid adds 30 minutes from bid time, so everyone has another 30 minutes to consider. There is no reason to wait until the last minute except for the adrenaline rush and the terror of tempting fate. :)

Bid needed is 11BTC?

Bid increments are .02 as per OP, but I'm sure we'd all rather rounder numbers as a courtesy. Newbie accounts need to prove themselves or be vetted in some way in order to bid, and at the last minute that is probably impossible.

I literally planned my mothers birthday dinner a hour after the end of this auction so that it would not interfere with it. Unfortunately im going to have to bail out of this auction because of this rule. I do not have a means to bid while at dinner with her and I would not insult her by doing so anyways.

Unless you would be willing to extend the end of the auction to be at 10:30pm? A hour and a half should be enough time for me to finish up and get back to bid. Otherwise all I can do is bid before leaving and hope for the best.

Jack, if this coin is really important for you, just bid 11btc and I'll stop bidding.
Promise.

Thank you.  Even though a year old account, I see where this is best for community.  Certainly would love to be be high bidder none the less.  I would like to have to provide someone with my credentials so this isn't an obstacle going forward.

Thanks for responding.  good luck bidders.


bryancwoods on twitter or ebay or facebook

I am sorry for the confusion, I did try to be clear in the original terms. I guess all I can suggest is to make your best bid now and see if it holds.

My apologies if there was confusion.

Lairew: thank you.

I bid 11 btc

Current auction end time is 9:03 pm EST.

hephaist0s: Since it was just me and Lairew that extended it and he has agreed to bow out, could we please consider this auction completed? I will not be bidding any higher because I will not have the means to do so.

I'll try another (maybe) auction.
Enjoy the dinner, family is more important :)

I think it isn't correct to accept other bid in this extratime from other users that didn't bid in time (8:00pm).
But auction is yours and you decide.

I agree it would suck for jack, but you can't just change the rules like that either. I doubt anyone else is after it at this point though.

I disagree. I've had inquiries via PM from other parties who have not yet bid, and there is nothing wrong with watching an auction be extended and taking your time to make a decision of your own.

Don't get me wrong, I am perfectly happy with the price and would be glad to call it a night, but I really would like to stick to the original auction terms. If no one else is interested, then there's nothing to worry about.

This also seems the most fair situation to me as well. The other parties had opportunities to bid during the auction and they did not. Now they are suddenly going to be given a chance? That does not strike me as a fair auction.


Inquiries in a PM are not bids and should not be thought of as so. If they wanted to bid they had their chance up until 8:00pm. They did not bid so they should not be considered as bidders since they did not bid.

I never said that inquiries were bids. It only meant that people were watching the auction. No, I reject the idea that one is  required to bid early in order to bid late. The terms are as stated in the OP. They are not strange terms, they are fairly common. Just a few more minutes anyway.

Ok, 30min officially over.

Time for dinner, bbl.

JackRilley is the high bidder! Thank you everyone for participating.

Great auction, congrats.

I can see why there are more "no sniping" auctions lately  ;D

Congrats guys.  Nice sell and purchase.  I'll get the next one  ;D