I agree, will check back in 5 years to see how things are looking.

Here's the problem with selling these as I see it. A short essay.

The coin is worth 1 BTC because 1 BTC always = 1 BTC.
The forks are worth $1K roughly, depending on current BTC prices, plus your ability and willingness to extract and deal with them.
The numismatic value is $1K-$5K, maybe more depending on a number of factors.
--The seller reputation, the provenance, rarity, condition, graded or not, ect.
Peeled coins seem to be about $500 to $1000, also based on additional factors.

Shipping and payment has risk.
Personal delivery has risk.
Escrow helps with the payment risk, but adds cost.
The added risk of selling caries a premium, but no one wants to pay it.

Now figure all goes fine, then add that you might get someone's mixed, stolen or laundered BTC, so there's risk there too. Chain analysis exists, and in some places (Europe, for one) is starting to be important. You might receive the BTC you agreed to in the sale but find that you can never cash it out because it is flagged for some reason. Coins that have been mixed have a taint.

There is no way anyone is interested in selling a coin for face value, and anyone offering face or a tiny bit higher is only serving to help keep premiums low.

Now on the flip side say that you just keep the coin. Now you have the custodial risk. That is on you to keep it safe and secure, in the form and condition it is in.

There's 1 and only 1 private key and it's printed in tiny letters on a paper behind a fragile hologram stuck to a piece of brass. You can put the coin in a clear coin case, put that into a small watertight holder, and maybe a metal enclosure so there's some fire resistance. Or you put the whole watertight setup into a firesafe, or bank vault or whatever scheme you have. You can't backup the key, and you can't setup multi-sig or anything else. What if you move across country, or to a new country, or want to travel and take your bitcoin just to have access. Custodial risk has many forms specific to the custodian, and therefore no certain price. It does lower the premium a bit when selling, I would think.

I'm not even going to address all the potential benefits and potential issues with dealing in graded and slabbed coins.

So it seems like there are 2 options in the current market. The current market being that the premiums are low. Hold onto the coin and keep it safe, or peel it and do as you wish. I don't consider selling the coin for near face value to be a viable choice given the shipping and payment risks already outlined.

I've peeled a coin, documented the process and came away with 2 things. First, the coin looks pretty nice still, because I used a very careful process to extract the private key with as little damage to the hologram as possible. I'm hoping that the coin I redeemed holds a higher value in the future compared to other redeemed coins. I'll just keep it as a collectors item and enjoy the fond memories. It's barely worth the effort to sell a peeled coin. The second thing is piece of mind that I can now secure the bitcoin however I deem best. I know that the address trail from redeeming the coin still links back directly to the coin, and that I hold new key and no one else. I'm not factoring in the possibility of trading, or trying to sell the top and buy back lower. That's a whole other form of risk and outside the scope of this writing.

I'm not advocating redeeming the coins, but I am pointing out why people would choose to, in this market right now. If there is really an interest in keeping the coins intact for historical significance, there would be a higher premium.

For everyone that already has a loaded coin and no plans to redeem, then every coin that gets redeemed increases the future potential value of unredeemed coins.

it's worth about 1 BTC plus $1K for the forks, and $1K+ for the numismatic value from what I've seen lately, so roughly 1.02 to 1.07 BTC at current prices. The market for these has just collapsed. All the potential buyers are holding off expecting BTC to continue higher. That means not spending BTC. Plus the risk to ship if anything goes wrong, the overall value is a lot to lose.

I'd say these are a 5+ year hold now, wait for someone to list some at a major auction house and sell them to the ultra rich using legal escrow and an official appraiser. Or peel it and move the BTC to a more secure cold storage if you don't want to take the custodial risk.

bump

bump

.005 BTC is too low to even deal with the shipping and escrow and everything.

.01 isn't all that interesting either, may as well hang on to it for the history.

Anyone interested at 1.15 BTC ?

Might just have to peel another one. 

Hi,

Up for sale is this Casascius coin in very good condition. Has been stored inside of a clear coin case for protection.


UPDATE: No longer for sale.

removed

That is a really nice set you have there.

Still up for sale. Please don't offer less than the peel off value, including forks.

still for sale

Here is some info about the 5 BTC BitBill.

I cannot verify the initial count of 144, but let's assume it's close.

This figure was provided by Charlie Lee himself back in a much older forum post when he sold off his collection of Casc and BitBills. I failed to properly quote it in my prior auctions. But, it's safe to assume he would have used blockchain transactions to figure it out.

https://bitcointalk.org/index.php?topic=199785.0




This 1 transaction starting from an even 1000 BTC funded most or all of the 5 BTC bitbills. Perhaps a 1st or 2nd smaller batch is out there too.

https://blockexplorer.com/tx/9f9c271886e860898ca3781b21e20b734fda44c2c5e712bb936da61ca56bfe91

As of May 1, 2018, there are 50 Unspent, and 76 spent outputs. The total count of 5 BTC outputs is 126 on the above transaction, which is pretty close to the 144 presumed in existence.

From this then it's safe to assume that there are probably at least 50 left intact, and probably not more than 68 of the 144 presumed to exist.

Not in a hurry. I could peel it and exchange all the forks, plus initial BTC value for 1.138 right now, not including the collectors worth.

The address above contains 1 bitcoin and can claim:
1   Bitcoin Cash   Value BTC:   0.12224600   Value USD:   1,248.90
1   Bitcoin Gold   Value BTC:   0.01160460   Value USD:   118.52
0.5   Bitcore   Value BTC:   0.00101269   Value USD:   10.34
4.60545574   Clams   Value BTC:   0.00256321   Value USD:   26.19
1   Super Bitcoin   Value BTC:   0.00206068   Value USD:   21.05
1   Segwit2x   Value BTC:   0.00040658   Value USD:   4.15
0   United Bitcoin   Value BTC:   0.00000000   Value USD:   0.00
Total value BTC:   0.13989376   Total value USD:   1,429.15

yikes, those damn decimals

update bump, .125 BTC

weekend bump

Thanks, I fixed all my typos.

price updated

bump