The title says it all really.
The problem is that the values involved are so high that All sorts of issues arise.
So I’m thinking my choices are basically just redeem them (But that seems a real shame) Or a numismatic commercial auction Or selling here (But I’m just wondering whether at these value levels it’s practical to do an online sale)
Thanks all
Just my 2 bits here as I was in a similar position for a long time. Every week or so I was on the fence. In the end a highly respected member of this forum gave me his advice when I asked and it went something like this and I'm paraphrasing here but .... "The longer that goes by the more it becomes like Schrodinger's cat meaning basically ya never know might go wrong even with zero malice intent from the makers". So I ended up peeling most items. That's a lot of money so I feel your pain although hey it's a great pain to have. All the best regardless of what you choose! iBitcoinHongKong8 |
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Hi All,
Wow sorry about not checking in on my own thread but after the first few days nothing happened in this thread and it nearly hit page 2 and I just received PMs only. My bad. Lemme PM folks here who are asking for PMs. That's my fault entirely regardless I should have confirmed my own thread activity or inactivity etc....
iBitcoinHongKong8
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8 - iBitcoinHongKong8
Thanks brother. This looks fantastic and I for one appreciate the continued community love.
iBHK8
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5 - iBitcoinHongKong8
Thanks Krog! Appreciate it as always. Good luck to all.
iBHK8
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Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.
Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.
Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels Thanks for sharing...another thing I forgot to mention about my 100 plus year old stamps....is that these stamps also have a sticky substance on the back we call the gum...SO imagine having this gum that when wet allows the stamps to stick to envelopes on the stamp paper, and even then they are in pristine condition....also stamps that were use thru the postage system on envelopes are still intact as well. Under the hologram is like encapsulating your paper away from the elements and the light....even better! I also see down the line, the BTC from Cas coins and Bitbills...2011 era will itself be a collectable BITCOIN separating itself from the later Bitcoins mined. So please keep on peeling them cas coins ye all...makes mine rarer.  This is a great point about stamps lasting for so long. I'd like to add the few Cas and BTCC items I peeled not one of them had any issues whatsoever with me redeeming. Everything was beautifully intact and easy to read/redeem.  iBHK8 |
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Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.
A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point. There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase. I couldn't agree more with this sentiment. I've done extensive research on this very topic having discussed it with many people and the more time goes on the more it proves true that the higher value the item the less risk others are willing to take and rightfully so. I truly understand both sides having been on both sides and there's little to zero chance I'd buy or expect to sell anything above 1 BTC in a physical item these days. Take that for what it's worth it's just my 2 sats. iBHK8 |
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Sold price of $312k, seems decent, except when you consider we're likely one good bull run away from this being a $ million coin.
It sold for 260k then add the 20% SB takes. So for everything you see on the sales page minus 20% for the actual sale price. Lower denominations did quite well. iBHK8 |
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8 - iBitcoinHongKong8
Thanks brother!
iBHK8
And we have a winner! https://mempool.space/block/00000000000000000003d039254ded5ee12f66972832b3a3b2964eb1169a308e The blocks finally reached out and grabbed a winning number. Please reach and out tell me what you want me to do.... Free shipping in the USA to you or MJ. Overseas you will need to cover or I can ship to MJ for free then you pay from there on Thanks to the rest for participating and will see you for the next free raffle soon ye all!! Sweeeeeeet! Thanks so much. Will reach out with my details soon. Thanks again as this is awesome. iBHK8 |
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8 - iBitcoinHongKong8
Thanks brother!
iBHK8
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8 - iBitcoinHongKong8
Thanks Krog!
iBHK8
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8 - iBitcoinHongKong8
Thanks Krog!
iBHK8
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10 - iBitcoinHongKong8
Thanks Krogoth! Much appreciated.
iBHK8
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8 - iBitcoinHongKong8 Thanks Krogoth! |
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10 - iBitcoinHongKong8
Thanks Krogoth. Always keeping the kindness rolling. Great to see. Good luck all.
iBHK8
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5 - iBitcoinHongKong8
Thanks per usual Krog!
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8 -iBitcoinHongKong8
Thanks Krog. Always appreciated.
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8 - iBHK8
Thanks as always.
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No worries. I figured you'd get it once you thought about it |
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