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Author Topic: Turn Your Redeemed Casascius Coin into $100+ Fiat  (Read 555 times)
johnniewalker (OP)
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June 07, 2013, 12:57:46 AM
 #1

SO,
I used to (and still do, to some extent) try to collect all the Casascius blanks I can. By "blanks" I mean redeemed and cleaned coins, or as is the case with the 5BTC rounds you see pictured, rounds that never even had a hologram on them (bought from Casascius as blank "roll your owns"). Each blank I would carefully polish to get looking good again (this is not the same as cleaning; cleaning a coin is bad, polishing it is something different. I know a few things about coins . Then, I would list them in an auction on eBay as "Loadable Casascius Blanks". I would prep the coins for loading and used a tamper-proof hologram on the back, identical in function to Casascius's. I kid you not, each 5BTC blank I sold at auction sold for over $100. They all sold for over $150, except for one that sold for $120 something. Disclaimer: a couple of those auctions included .05 bitcoins (makes sense to load .05 on a 5BTC coin) that I would load once the customer confirmed they got their coin. THAT was my mistake. I listed these under "currency" and on some attached actual bitcoin value. Now my PayPal account is in ruins. It is "limited" and I have done everything to lift the limitations, but they are "still processing it"-fuck PayPal.
BUT, if you sell these under the "collectable" category as loadable bitcoins (include the hologram, all things necessary-maybe a case), and DO NOT include ANY bitcoin value, I think PayPal will leave you alone. Especially if you only sell one or two.

For 0.012 BTC, you receive (via USPS First Class Mail; International cost is 0.02BTC total)
1) Instructions (very detailed)
2) Tips on how to get the coins looking good w/household items
3) 2 Tamper-Proof holograms (in-case you make a mistake!)
4) an archival-quality coin flip
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