In a positive manner I offer the following objective information & thoughts.
A nice piece indeed.
Note: All of this information is speculation within reason formed from many extensive hours of research.
. . .
This took me some time & is a working process.
This did not take me very long at all.
Most of them belong to just one person, who, relatively recently, had sold 1 for 14 Bitcoins! Cementing a bottom floor price for such a coin.
You fail to mention that the one person is Charlie Lee, who alone commands a premium on items he sells, not just some random Joe slinging gold eagles. Charlie sold his in March 2017 for 14
BTC when BTC was about $1200
Thread. 1200*14 = $16,800.
But actually the most recent public sale for the 1000 gold Casascius coin was a graded MS66 sold by Jackbauerscsg in Sept 2020 (which he bought from Charlie) for 2.0
BTC when BTC was around 11,000
Thread. 2*11,000 = $22,000. So the floor was not really "cemented" at 14
BTC.
The original physical Bitcoin maker, Mike Caldwell, produced 5 gold Casascius coins loaded with 1000 Bitcoins. Each weighed 1 oz. It is said that 3 of the coins have been redeemed. Only 2 are left that still contain the 1000 Bitcoins.
I found 3 are active
Casascius Analyzer_______________________________________________________________________________ __________
The coin you are offering was originally sold direct from Denarium in Sept 2018 to BitcoinNewsMagazine for 0.128
BTC when BTC was about $7,200
Thread. 0.128*7,200 = $921
#4/100 sold in the same auction to comit for 0.123 and was considered for sale at 0.04
BTCrecently, not sure actual sale price if sold.
Thread.
I am not trying to put words in your mouth, but it seems you are trying to increase the value of your coin by piggybacking off the value of the 1000
BTC Casascius coin which seems disingenuous.
1 of which I am selling for 1 bitcoin.
You can list it for whatever you want, but I fail to see how the value of your coin has gone from 0.128
BTC ($900) to 1.0
BTC ($42,000) from 2018-now? I am not trying to suggest your item is not valuable, but it is certainly not on par with Casascius coins, and even those did not appreciate that much from 2017 to 2020 as listed above.
Not to convince anyone but there is 21 million bitcoins to be minted. There is only 1 2018 1/2 OZ .999 GOLD DENARIUM BITCOIN #2/100 Physical Bitcoin!
Rarity is not the only factor that determines value. I have many items that are numbered, less than 100 made, produced by more trustworthy makers than a Denarium coin, and I would not expect to get such a high price simply because if have a 1/100 item.
Therefore, is is my belief that Denarium takes 2nd place in the top 3 of physical Bitcoin Producers.
You are free to believe what you wish, but agree to disagree.
_______________________________________________________________________________ __________
I wish you luck with your sale as others have, but please do realize that the people here on this forum are well established in this very niche area. Most here are willing to help, but it also is nice if you help yourself by looking here for information not just google, eBay sales, and Jamie Redman articles. Many collectors on this forum have been around a LONG time and understand what holds value. You simply may not get the premium you want here on this forum. Other outlets have sold BTC items for much higher premiums, but don't expect to get that same premium here.
I don't want to purchase this item from you but would be willing to trade it. Check out my [WTT] and see if you are interested.
[WTT] 0.01 Microsoul & BTCC 5K chip Geophphreigh
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