Bitcoin Forum
April 21, 2021, 12:00:08 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 »
1  Economy / Collectibles / Re: [LAST DAY] [AUCTION] BTCC Mint - Bitcoin Chip 500K on: March 28, 2021, 11:54:07 AM
2  Economy / Collectibles / Re: [Ended] Casascius 2011 Coin V2 1 BTC (Loaded) on: March 12, 2021, 02:09:51 AM
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.

Very well said and it sounds like you definitely made the correct choice for your situation. 
3  Economy / Collectibles / Re: 2013 Lealana 0.25BTC Gold Hologram 1BTCsgQo #9935 Graded ANACS MS68 on: February 22, 2021, 12:45:52 AM
Coin address:

Incredible first bits!
4  Economy / Collectibles / Re: [AUCTION] 2x Post Fork Satori Rolls on: February 20, 2021, 02:27:24 PM
1 & 2 0.041 each

5  Economy / Collectibles / Re: Casascius Loans on: February 18, 2021, 03:54:15 AM
and you forget one part - that you have to trust someone to hold something currently worth 2 million that will most likely continue to increase in value while hoping they dont skip out on you. I would not trust a bank with even half that much money - why would I trust these guys? Not your keys - not your crypto.

In the proposed scenario you also have to trust Blockfi with the 800k USDC
6  Economy / Collectibles / Re: [WARNING] Sol Noctis Bull Coin Keys Compromised / Scam on: February 13, 2021, 03:01:00 AM
Iím confused at what youíre have coins where the funds where also swept? No they could not be fakes like those as fakes donít actually have a hologram/ keys.

It looks like the 0.001 that was put back on the coin I originally purchased has now been swept on January 7th:

I don't know if the coin is back with Lesbian Cow or still with TWC, but I'm more curious now with this new event.

Lesbian Cow on mobile here, the coin is not with me, it was shipped back to TWC some time ago.
7  Economy / Collectibles / Re: [FREE RAFFLE] CypherpunkNow's "Bitcoin Tree" no. 24/40 on: October 12, 2020, 11:44:25 AM
37 - transvestite lamb
8  Other / Archival / Re: . on: October 10, 2020, 01:34:39 PM
9  Other / Archival / Re: . on: October 10, 2020, 12:50:48 PM
0.114 btc

I missed the bid increment on 0.002 earlier and am now on my mobile account. 
10  Other / Archival / Re: . on: October 07, 2020, 03:35:33 PM
11  Economy / Collectibles / Re: [Auction] Coinspot Trading LTD 999 Silver Coin, 80 grams, with COA on: October 03, 2020, 11:42:18 PM
.012 BTC

(escrow with transvestitelamb)

Escrow approved.

Laissez les bons temps rouler!
12  Economy / Collectibles / Re: [INFO]- STORAGE ITEMS FOR YOUR COLLECTABLES on: August 20, 2020, 06:25:25 PM
onfireguy is great for coin capsules and tubes.  They sell on eBay, Amazon and their own site. 
13  Other / Archival / Re: [WTS] Coldkey Silver Halving Sets - NOW AVAILABLE on: August 04, 2020, 05:35:58 PM
14  Economy / Collectibles / Re: Is there any value to this coin? on: July 22, 2020, 05:08:13 PM
I offer 42 usd google wallets inclusive of usps first class tracked shipping. 
15  Economy / Collectibles / Re: [3-DAY AUCTION] BTCC 5 Poker Chips Set! on: May 22, 2020, 03:10:13 PM
16  Other / Archival / Re: . on: May 17, 2020, 06:29:56 PM
1.05 btc
17  Economy / Collectibles / Re: [3-DAY AUCTION] - Unopened roll of 25 PRE-FORK Satori chips! on: May 15, 2020, 04:30:26 PM
0.03 BTC
18  Economy / Collectibles / Re: [3-DAY AUCTION] - Unopened roll of 25 PRE-FORK Satori chips! on: May 15, 2020, 04:23:19 PM
0.01 BTC
19  Economy / Collectibles / Re: [AUCTION] 🌟🌟🌟🌟 2oz NastyFans GOLD Coin - ONLY 10 Coins Minted 🌟🌟🌟🌟 on: March 15, 2020, 08:01:56 PM
3000 usd
20  Other / Archival / Re: . on: March 15, 2020, 08:00:30 PM
0.025 btc
Pages: [1] 2 3 4 5 6 7 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!