Hello, Does anyone know how I can redeem the private key from a physical bitcoin? I got the coin, I verified the public key is still valid here: https://casascius.uberbills.com/

Now I'm not sure how to enter the private key to "activate" it so I can sell the 1 BTC. Sounds like this used to be possible on Mt. Gox but thats not an option anymore!

Thanks!

Hey DreamerBT,

Sorry I can't respond since apparently I can only send 2 messages per day and I guess to get a membership I need to buy with BTC which I don't have since I never peeled any of my coins. I think my time limit is up soon. I'm not opposed to Escrow, although I'd really rather meet in person at a bank to verify cash. Colorado is a pretty sweet place to visit, and I would definitely take a lower price for in person (lower than cost of plane ticket + hotel). I'll respond when my time limit is up.

How do you determine if any of the escrow services are going to report to IRS? I literally cannot find a CPA that will give any opinion on how taxes look for this. They are all saying to assume it would fall under income tax, even though it was technically a gift from my brother 7 years ago. Unfortunately using escrow and not doing an in-person cash trade opens the door to get hit with some pretty high taxes. Totally legit though to want escrow, just really takes a big bite out of what I actually get in a sale.

Coin is in Colorado

https://imgur.com/gallery/VVoUhrv
https://imgur.com/gallery/R1Gj7m5

Sorry to the people waiting on me to respond to messages, I can only send 1/hour since I'm not a Copper member....

Really hoping to just get cash and avoid reporting income. I think escrow is legally required to report a goods sale to IRS unfortunately. Are there any buyers out there that would still meet in person and do a cash trade? I sold a few in 2014ish and did it that way but the amount of cash was much lower then.

Thanks JanEmil,

I assume you mean selling online. How do you ensure that I would get paid and the coin safely makes it to its owner? $12K USD is not chump change. I've been trying to find a buyer to meet me at a bank and exchange cash. Is that just not really an option in the bitcoin community?

Hello,

I have a 2011 physical coin, which has been unredeemed and the sticker has not been peeled. I'd really like to sell it but I'm having a hard time finding a buyer that wants the unredeemed coin, everyone just wants the 1 BTC value. I've been told this should be worth more unpeeled to the right person.
Any ideas on how to sell this? I understand its risky for the buyer since there are fakes out there. I've confirmed the code on the front is still good (or at least still not redeemed at this point).