I've been enjoying the quality information in this thread. Many valid points being made for very valid reasons. However I do have to say nothing makes my day better to wake up to and I see several coins have been peeled. Peelonomics!  iBHK8 I know what you mean! As a side question, I have done some research but have been unable to find an answer, does anyone know what kind of paper and ink/toner Mike used in the Casascius coins? It could make a big difference as to how long the private keys will exist for. It could also push the price of older Slabbed coins higher, although I have not been able to find out a way to work out when a coin was slabbed. It appears ANACS and ICG do not give out the information online about the date a coin was slabbed, not sure if contacting them would help, I doubt they want to answer questions like that. |
|
|
|
Lot 1: 0.53 BTC
I assume that bid was invalid according to auction rules: Please bid in the following format:
CORRECT FORMAT: "For lot 1, I bid 1.005 BTC"
To be confirmed by OP, as Im not sure how strict he will stick to the auction terms. ahh, good catch, I have edited my bid for lot 4 to reflect the exact wording |
|
|
|
For lot 1, I bid 0.525 BTC
For lot 2, I bid 0.535 BTC
Hey bavi, I think someone above you already bid 0.53 on lot 1? Although Newbie, so not sure if it counts? |
|
|
|
Wow, really? These things are getting cheap. I wonder if theyll ever get a collectors premium again.
If that's true then it's now less than the value of the shitforks plus selling the empty coin. Throw in security and shipping concerns and you'd have to be a true believer, and somewhat charitable, not to peel it instead of selling. Looks like the peel price on a 0.5 BTC Casascius Coin is currently about 0.525 BTC. Peeling and selling the empty coin would likely be more profitable and less risky but a bit more of a hassle. I'm curious if we're beginning to see a discount for reasons like fear of damaging during peel, being unable to claim correctly, no faith the BTC is really there, etc... Prefork BTC are only becoming rarer as the days pass. You'd think that would make for a premium at some point. Yeah I've been thinking about this ever since the unique hybrid Cas/Lealana sold for face value: https://bitcointalk.org/index.php?topic=5250832.0The risk of shipping is such that I think we will see more and more coins just get peeled. The other side of the argument is that the kind of people that collect coins are probably more likely to take a small hit so as not to destroy part of bitcoins history. What's going on it the world right now is probably also having an effect. I know I didn't bid on the above, purely because I don't trust international postage right now, I've had some 1 BTC coins take nearly a month, it's too stressful. Plus throw in less people with extra bitcoin to spend in uncertain economic times / more people needing cash for one reason or another, bitcoin at reasonable prices historically, especially in non US denominated currencies, lots of headwinds for the time being. I know I won't be able to travel internationally for at least a year, which means certain coins are just off the agenda. If bitcoin does another 10x, I probably would not bid on anything greater than 0.1. Lots of uncertainty right now, which always means people are more conservative with their money. I know I have been tracking a few coins I want to add to my collection, and going through past auctions there have been a few in the last 6 months which didn't sell at auction, and when I look them up they got peeled soon after. |
|
|
|
|
Lot 4: 0.53BTC
EDIT:
For lot 4, I bid 0.530 BTC
|
|
|
|
|
I would be interested in them all too. For past auctions i usually just use google with a site search
ie
[auction] Casascius site:bitcointalk.org
|
|
|
|
You're going to need to know exactly when smoothie stopped funding coins himself.
True, probably be more accurate to say I would prefer a black first bits, with no BUYER FUNDED stamp. I do have green first bits gold hologram .25 and .5, so green would probs be OK too! |
|
|
|
|
Will escrow through minerjones if anyone is looking sell
Prefer funded by smoothie, not buyer.
|
|
|
|
|
Thanks mate. Looking forward to Monday's auction.
Just to let you know I will be using MJ as escrow and international mail forwarding
|
|
|
|
I like the idea of using couriers for the more expensive items - seems like the price of taking care of the couriers travel would be worth it considering the relative safety of worrying about regular shipping and then if something does happen having to worry about the insurance claims.
A trusted courier would be a fair solution for both parties, especially as there are a few well trusted individuals to offer that service.
I couldn't agree more! iBHK8 Agreed! I think COVID is scrambling my brain, I forgot that one day I'll actually be able to leave the country again! |
|
|
|
|
Yeah I've been thinking about this a bit, because I really wanted it, but for this value coin I feel international shipping, and perhaps even shipping in general, is just not worth the risk. Which means coins like this will start getting peeled more and more often, which is a shame. But given the non 0% chance it gets lost/stolen in the mail, and the $2500 extra value in shit coins, I think if I was selling I would want at least a 10% premium over face value, otherwise safer to just peel. Will also make selling smaller denomination coins pretty difficult if bitcoin goes up a lot, need some kind of decentralized insurance solution with a trusted member or something. Like escrow plus. It's a market friction, which means there is value to be offered and money to made somewhere.
|
|
|
|
|
Arrived! Beautiful coin, now I just need the Gold one!
|
|
|
|
|
I was one of the people seriously considering it, but between shipping, Insurance, and the uselessness of Australian customs, it was just too much risk. Good chance I would have had to pay a 10% tax if it arrived safely. Tricky one to sell in these times, if I'd been in the USA I would have been all over it.
|
|
|
|
|
Show Posts
