Bitcoin Forum

Any reason for me to not peel coins right now? I’m feeling the risk involved with selling and posting isn’t worth the potential increase in value.

Anybody have a helpful opinion?

Well we can't really give you any more help rather than a simple "yes" or "no" depending on who reads this thread and the feeling/opinion that he/she has regarding Casascius Coins.

To better understand your point of view may I ask why is that you're thinking in peeling the coin? Is if for financial reasons? Do you need the money to buy something that is deemed essential for you?

Honestly it's your risk assessment and what you are comfortable with.  Depending on the coin its a great way to see the country(world) and go p2p for the trade.  If you aren't comfortable with an in person transactions, in the US there are police stations you can use to do the transaction.  I've done it multiple times and its about as safe as a transaction can be.

http://www.safetradestations.com/where-to-trade.html

Where are you located and what coins are you talking about peeling? If its silver .1 or .5's it's definitely worth selling to a collector for the amazing premium they hold.
Escrow has been a great alternative to help with the exchange if meeting in person is not an option and you use very good mail service. Hope this helps please post pics if you decide to sell

If you have desirable coins then there are a few people here who will travel to you to buy them.  This removes the risk of mailing the coins and using escrow.  I would post pictures of what you have and state that you are only willing to do in-person trade.

Some good advice. Cheers all. I’m based in the UK and I definitely have some desirables. I do have some silvers as well as some older ones too.

I feel a bit stupid for not selling a little before when the premium was so good. I’m not sure what a silver 1 or 0.5 would go for now.

I’ll get some photos up soon

I should also mention that I have chain of ownership directly from Mike too

Selling it right now considering the value inside versus the premium amount is not worth the risk. I recently peeled 2 of my 1BTC brass casascius coin and enjoy the profit by scalping it. I almost earn more than the premium amount of it.

If you have a lot of coins in your collection, It's not bad to peel some and take profit. You can still sell the peeled coin too in case you want to sell it.

First off, you shouldn't feel "stupid" for any kind of action if you believed in the product that you have been holding/collected trough the years. At least that's my perspective of it, I guess it's worth 1 satoshi? :D
Also, I'm sure there are a lot of members that have successfully sold Casascius coins right there in the forum OP. You could ask them how did the transaction went and what steps they took to keep safe/anonymous as possible during the transaction. Regarding that idea, I've managed to find the recent threads of Casascius coins being sold:

• [WTS] Casascius brass coins 2012/2013 - ANACS yellow slap - high grades *CLOSED* (https://bitcointalk.org/index.php?topic=5150705.0)
• SOLD - 2013 Casascius .5 MS-65 (https://bitcointalk.org/index.php?topic=5070634.0)
• [WTS] Funded 2012 Series 2 CASASCIUS 10 BTC Silver Coin - ICG Graded MS68 PL (https://bitcointalk.org/index.php?topic=5195117.0)
• [SOLD] Casascius 2011 Series-2 (https://bitcointalk.org/index.php?topic=5155641.0)
• [WTS] Casascius gilt 1 BTC (Sold) | FBD gilt 10 PPC (Sold) | Kialara 1 BTC (https://bitcointalk.org/index.php?topic=5158925.0)

I think that it's always good for you to edit your 1st post with decent pictures of the coin to show it's state meanwhile you gather feedback from the previous sellers regarding the methods that they've used in their auctions/selling of this kind of item.

Call me a sap, but Cas’s coins — especially the silver — are something to behold and a key part of Bitcoin history. Lots of trusted folks on this forum in the UK who I’m sure would be willing to travel to you for coins they desire. You’ll capture the premium, and the coin will live on. :)

There are many great resources here who have been around the block, so don’t hesitate to seek advice.

Cheers!

PM me, i can take couple..

Seems to me that the value of these coins has never been higher (unless you ask people who think 1 BTC is 1 BTC). If you’re planning to cash out, I can’t think of a better time in history to do so. Enjoy your riches friend. It takes a strong investor to still be holding these bad boys and you deserve the fruits of your labor.

Dont listen to him lol you peeling just makes his collection more valuable. 1 btc is 1 btc and will always be more valuable than any amount of fiat

Yeah, I’m gonna disagree with him also. IMO, the premium on unpeeled Cas is going to continue to be very significant, if not more so, as we see more institutional interest and widespread adoption. There will be a lot of rich people realizing Cas is a thing and want in on it.

Yeah for sure dont peel a Cas. especially if it's one of the smaller denominations.
If BTC were to crash right now, it would have crashed already. 70k is next.

How much have brass 1s been going for though. I think I got 1.15 for 1 a couple of years back. I don’t think they are going for that any more are they?

I would say it depends on condition but getting 1.05BTC-1.1BTC should be feasible (higher premium on the lower denominations).  Could you post some pictures of your collection; I'm sure it will help push the sale.

Peelingto me is like scribbling on a the first marvel comic ever created or throwing some paint at a Picasso painting. Don’t do it ! Find someone to buy the coin at a premium

I can see why someone would want to peel.  Its much more simple than finding a buyer and then figuring out the safest way to meet and exchange. 

Personally I'm holding onto my coins currently myself and have no plans to peel.  But the allure is there. 

You would have to declare them as monetary instruments if you cross an international border with them. If you can’t sell p2p or with a lawyer’s assistance (don’t be dumb, consider absolute value of transaction and pay a minute fraction of that amount to protect yourself), don’t feel bad about peeling them. That’s what I did.

A very tough question indeed...

If you do peel, I highly recommend for you to get a Ballet wallet and use that to sweep the funds.
Our Ballet wallets will help you split out all of the fork coins, and then allow you to properly send them out (exchange, sell, etc) easily.
We even have built-in integration with Changelly and ChangeNow to allow you to quickly exchange your fork coins to another crypto (such as BTC).

Just my 2 cents.  (Yes, I'm biased about Ballet, but I'm sure many other forum members here can attest to the usefulness of using Ballet wallets as an intermediate tool for peeling & sweeping physical bitcoins.) 

So if you do choose to peel your Cas, please give Ballet a try.  You won't be disappointed; and I'll personally give you a money-back guarantee on the Ballet wallet you buy.   :)

https://store.balletcrypto.com/

Does Ballet offer any sort of free software option or is a purchase required to utilize the sweeping features offered by Ballet? I only ask because if someone is peeling their coins, they’re likely cashing out so buying another storage device (or card) seems like purchasing something they intend to use only once. I could see how a free software option that generated Ballet profits through fee deals with the above mentioned exchanges might be a sought after method of peeling these coins and claiming forks.

We may be able to auction your coins on scarce.city

Email me if interested chris@scarce.city

Chris, GFY!  ::)

It is so frustrating knowing you hold something so valuable and having such limited safe options in which to sell.

I am hoping that in the future some of the larger auction houses will be open to listing some of the rare Bitcoin coins.

I also believe that these coins are a big part of history and will command a nice price once a safe place to list is found.

I wonder OP how did this situation came to an end? Did you decided to hold back on peeling the coin? I've seen that you've used minerjones in the past for some transaction, has it ever occurred to you to use it once again ? Or do you really believe that it isn't worth the effort? I think that selling the coin always brings a benefit to you (in this case) since you don't really seem to care about peeling or not, and you may just want the BTC of it while another person actually cares about the coin itself (not peeled) and it's willing to pay you for it - In the end both parties will get what they need.

Well, I just found this thread and this forum.  I too have a 2012, 1B funded coin.  I'm considering peeling it.  To be honest I don't know what my real options are that are considered 'safe'-   The coin was given to me at the DEFCON security conference back when these were first being created.  Thoughts? 

http://1o57.net/Casascius_Front.jpg

This coin has the added bonus of having been on stage at DEFCON.

-1o57

What area of the world are you?

East Coast, U.S.A.

So I thought at the very least I'd share my experience here on the Bitcoin Forum so far.

I came here looking for advice/discussion on selling vs. peeling vs. holding my 1 BTC fully funded Casascius coin.

I joined and paid for a copper membership so that I could communicate with less latency (limits on newby accounts).

I found two relevant threads on the subject (this one and another), and joined in the conversation.

I had one person reach out offering to purchase with a physical meetup, but did not hear back after agreeing on conditions.

I had a different person reach out to "warn" me off meeting people to sell the coin, and asking if he was too late to make an offer.  I tried to respond and the account had blocked my account so I couldn't.  (Interesting that THAT account was a brand new account as well...interesting.)

A few people sent helpful messages and a few replies to threads were helpful/useful.

In celebration of Elon on SNL tonight I'm just going to peel this and go that route. 

So thanks(?) for the help.

So long and thanks for all the fish.

-1o57

Did you went trough with peeling of the casascius coin? If not you could check back one of my first posts in this thread (here (https://bitcointalk.org/index.php?topic=5331157.msg56804737#msg56804737)) to see that it is not impossible to sell these kind of items in here. I would say, however, that the most difficult thing may be the fact that you won't be able to sell it as fast as you would want it to.

How much is worth 2013 Casascius 1 BTC 1 Oz .999 Silver Physical Bitcoin in bitcoin?