|
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
|
|
|
|
after talking with the people at 4k https://4k.com/market and 2 accountants they said do not peel it in anyway, i was told by those asking for me to do the escrow and then peel it, i can meet at a police station or a similar safe location, im not stupid and these people messaging me are trying to be smart and use whatever credit they have here to twist shit....if any questions, message me and i'll send the telegram messages showing what i am being asked...the coin is 100% real and funded...no one would ever buy it for 1.4 bitcoin but only want the numbers under the hologram....or im stupid and people are buying old bitcoin codes for 1.4 bitcoin.... “after talking with ….2 accountants they said do not peel it in anyway” But what did your dentist advise? 😂 |
|
|
|
Is there a risk of the ink fading over time or the coin becoming generally unusable due to decay? That's my biggest concern when considering buying or selling a coin. Is there any information out there that speaks to the general expected longevity of a casascius coin? What if we hold out on selling a coin only to learn that the BTC on it is no longer accessible which torpedoes the actual total value?
I’m just guessing but I’d be pretty sure that some sort of scanning electron microscope will always be able to read the private key even if it’s not visible to the naked eye. |
|
|
|
I think its reasonable  but the market will have the final say! I mean if someone wants to post or DM me with an offer I'd mull it over but this particular coin with it being series 1 and having the mysterious ERROR I would not even consider selling for the amounts talked about in the previous post. I'll hang onto it for a few years and see if there's a surge of interest from the general public at some point. If btc becomes mainstream as you guys predict I cant see how there wouldnt be The premium for this coin is pretty low because it was produced in relatively large numbers. It’s the most common Casascius to be offered for sale generally. Even then, a premium of 0.05 BTC is still pretty impressive. For 0.05 BTC You could buy a nice little starter collection of European gold bullion coins. |
|
|
|
|
I’ve seen these adverts. They offer returns of thousands of percent. They are quite obviously fraudulent. The response of the FCA is disgraceful. It should be prosecuting these people for fraud. Instead it grants them spurious respect by suggesting that they are just high risk investments. They are nothing of the sort. They are simply theft.
And of course it is worse than that. The vagueness of the FCA warning suggests that investment in crypto assets generally is a bad idea for people with limited assets. To the contrary, it offers many of them the only prospect of getting out of poverty. Instead, the FCA seems to be determined to ensure that only the wealthy are able to invest in crypto. Whilst those who are most in need of joining the new world are excluded from it
|
|
|
|
I believe there will come a day in the fullness of time where it will cost 5 bitcoins/the equivalent value in whatever currency to acquire a funded Casascius 1-bitcoin graded 69, 70.
This seems laughable now but eventually they will come to be seen as royal treasures, Crown Jewels of private and museum collections. It might be 50 years or 100, but these will be wonders to behold someday. The supply will steadily dwindle until there are just a few hundred scattered across the earth
I agree with this premise wholeheartedly. The exacts of course nobody knows for sure but I 100000% agree with the basic premise of your meaning here. I have been saying recently just as a recent example that we're now beginning to see the big larger hedge fund money come in. Well just as a small example often times in those circle those guys are collectors(watches, exotic cars, fine art, homes, baseball/basketball cards, wine, cigars, coins, stamps, yadda yadda, etc...) Once those guys get their BTC access and then begin to understand and discover oh wow wait a minute you mean to tell me that BTC has a collectibles side/section to it as well? And that's when we will likely begin the process of premiums picking back up all the way to getting somewhere where you're pricing it at. Regardless of where it actually lands I believe we all agree that once we get more exposure and that exposure is on it's way then these beauties will absolutely be treasured and appreciated like never before! Cheers! iBHK8 Even a year ago I’d have laughed. Today just took proud delivery of Bitcoin Magazine Issue 16 |
|
|
|
I've got a fully loaded one if anyone knows somebody that wants it.
With say a 10% premium and the forks, must be looking at $1 million for the 25 BTC. Incredible |
|
|
|
Every peeled coin drives up the remaining value. In 10/20/50 years they’ll all be worth 5x BTC price. Leave for the next generation.
If you disagree I’m not sure why you wouldn’t sell all your coins right now.
Damn. Logic versus emotion. I love them so how could I sell them ? Actually thinking about it you might be right. As crypto get bigger and bigger and the number of peeled coins get smaller and smaller, it will only take a small number of serious buyers to keep premiums up. It is kind of weird though but there doesn’t seem to be any commercial retail/broking source for buyers. This place is of course wonderful but ... |
|
|
|
OP made the right choice, v impressive sight to see, almost a million bucks in my local currency (CAD). What a time to be alive  I think we are rapidly approaching (if we haven’t already reached) the time when the 25 BTC is simply unsaleable. The risks for everybody concerned are just too high. And I think it won’t be that long before the same will be true of the lower denominations. Hell, if BTC reaches 100 K I’m not even sure that the one BTC coins will be saleable anymore. |
|
|
|
|
Ah thanks. Fascinating stuff.
|
|
|
|
|
Ah great many thanks. Really interesting. so it’s the very first piece of bitcoin art. I’m pretty sure mine is original.
|
|
|
|
 I’ve had it since about 2014. It seems to be brass and is about the size of a Morgan dollar. I think it got it from Hard BTC back in the day. Just curious to know who made it. It’s quite a cool design ! (apologies for not posting the actual pic - can’t work out how to do it) |
|
|
|
|
Crypto collectables and traditional numismatic collectors are completely different markets (just like stamps and coins). There are a few that overlap (like me) but I think we are pretty few and far between. I don’t expect the traditional numismatic market to show any interest in crypto collectables for many years if at all. On the other hand the crypto collectable enthusiasts are getting more and more and so I suspect the casascius premium will continue to rise (at least in dollar equivalent terms)
|
|
|
|
|
Have you thought of auctioning it here?
|
|
|
|
|
I’m actually not a great fan of capsulation. I had it done for some actual coins in a collection I have, and I actually regret it. You lose the chance to hold these objects in your hand which is part of the joy of owning them.
|
|
|
|
|
I’ll be very interested to see what happens with the 10 !!!
|
|
|
|
|
I was only really thinking about Mike Caldwell’s Casascius coins. I suspect the answer is that they will generally remain unredeemed and will be traded between BTC holders for a numismatic premium Of some percentage of the face value.
|
|
|
|
|
Show Posts
