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Author Topic: Physical Bitcoin Auction ends Friday - CASASCIUS on ebay  (Read 666 times)
gentlemand
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December 08, 2017, 03:38:08 AM
 #21

OP, I've spotted your auction is far under the Bitcoin price at present so I assume you're not going to accept anything less than face value?

If it does sell for less, which is very unlikely in the current climate but you never know, then you may as well tell the winner to sod off and peel it and sell the Bitcoin and alts off it which will be far less hassle and more secure for you, or offer it up here instead to rescue it.

If it were me I'd only do the sale meeting in a bank and accepting cash or bank transfer straight from them to you. And once again balls to Paypal and triply even more so if a deal is done in person.
luke.watson
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December 08, 2017, 09:13:00 AM
 #22

OP, I've spotted your auction is far under the Bitcoin price at present so I assume you're not going to accept anything less than face value?

If it does sell for less, which is very unlikely in the current climate but you never know, then you may as well tell the winner to sod off and peel it and sell the Bitcoin and alts off it which will be far less hassle and more secure for you, or offer it up here instead to rescue it.

If it were me I'd only do the sale meeting in a bank and accepting cash or bank transfer straight from them to you. And once again balls to Paypal and triply even more so if a deal is done in person.

For reference OP the current price of Bitcoin (not including Bitcoin gold or cash) is £11k - your auction is currently at £6k

Also as you're not so savvy with Bitcoin, it seems like cash / bank transfer is a better route for you. If you go down this route I would definitely suggest meeting in a bank or police station in case the buyer wants to do anything he shouldn't..

Regardless well done for holding on to the coin so long - it might be a little difficult to shift the coin right now due to the constant rising price of Bitcoin - if you do find a buyer make sure you do you due dil with them first, don't rush into a deal you're not comfortable with
madbloke (OP)
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December 08, 2017, 05:33:37 PM
 #23

 useful link

https://n2liquid.wordpress.com/2013/03/09/redeeming-of-a-casascius-coin-aka-physical-bitcoin/

WoW link

 https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2F%2Fwww.ebay.co.uk%2Fulk%2Fitm%2F192390729428
European Central Bank
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December 08, 2017, 06:09:03 PM
 #24


surely more of a WTF link? the highest premium i've seen for one of those is about 5-6 btc when that would've been less than $2000 in total.

or the seller could be a time traveler from the future. maybe he's looking for some fat fingers that can't read but not too many people will have that lying around in their accounts. and customarily having any more than exactly one bitcoin on the balance is less attractive for some buyers.
madbloke (OP)
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December 08, 2017, 06:39:47 PM
 #25

WoW link

 https://rover.ebay.com/rover/0/0/0?mpre=https%3A%2F%2Fwww.ebay.co.uk%2Fulk%2Fitm%2F192390729428


He says he will take pay pal  Cheesy
 whos gonna tell him  Grin
madbloke (OP)
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December 08, 2017, 06:44:55 PM
 #26

RE - " I assume you're not going to accept anything less than face value "

I am, it will sell for whatever the bitcoin gods price it at.
gentlemand
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December 08, 2017, 10:04:35 PM
 #27

So it sold pretty much on the nose of the market Bitcoin price give or take a few hundred quid which is surprising.

I hope the actual exchange of the coin goes smoothly for all.
skecrypto
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December 08, 2017, 10:19:28 PM
 #28

So it sold pretty much on the nose of the market Bitcoin price give or take a few hundred quid which is surprising.

I hope the actual exchange of the coin goes smoothly for all.

Watched the auction closely, it sold below the market price, with min 0.1 BTC Premium is worth around 13.5k at bitpay's rate at the time of the auction ending, sold for 12k with 10% eBay fees, so would be 10.8k net for him...
gentlemand
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December 08, 2017, 10:25:37 PM
 #29

Watched the auction closely, it sold below the market price, with min 0.1 BTC Premium is worth around 13.5k at bitpay's rate at the time of the auction ending, sold for 12k with 10% eBay fees, so would be 10.8k net for him...

Fees are capped at a max of £250 on Ebay.co.uk. He may even have been jammy and been offered a £1 fee offer which I get pretty regularly. I'm surprised it didn't reach more considering the current frenzy but there's a small pool of buyers for such a thing and perhaps the right ones weren't there in time.
skecrypto
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December 08, 2017, 10:33:01 PM
 #30

Watched the auction closely, it sold below the market price, with min 0.1 BTC Premium is worth around 13.5k at bitpay's rate at the time of the auction ending, sold for 12k with 10% eBay fees, so would be 10.8k net for him...

Fees are capped at a max of £250 on Ebay.co.uk. He may even have been jammy and been offered a £1 fee offer which I get pretty regularly. I'm surprised it didn't reach more considering the current frenzy but there's a small pool of buyers for such a thing and perhaps the right ones weren't there in time.

Right, had no idea about that, I thought that'll be 10% no matter the value of the sale, hmm...interesting...and yea about buyers, with the BTC price so high, one CAS is now worth a lot of money...
wheelz1200
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December 08, 2017, 10:45:00 PM
 #31

Some folk offer cash now to stop auction and meet them in a dark part of town :-)
Iv had a few of them.

 But can I ask one more thing – a guy says he needs to spend a few hours with me because it takes that long for the coin to get into his wallet, and only then is he happy to pay.
  Is this 3 hour transfer time correct ?

Dang just read this quote.  The old, yeah It didn't work sorry can't pay you, then out the door he goes.  Amazing how many scammers there are in the world.  

OP heads up, don't know how it is in the uk, but for high value sales for things like this police stations in the US offer their station as a safe trade place for buyers and sellers.  Would recommend checking that out for any in person trades...and never give up the keys before you have money in hand.  If they want to redeem the coin it is a 100% scam.

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madbloke (OP)
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December 08, 2017, 11:58:38 PM
 #32

sold for just under 12.
thanks everybody for helping an old fool through all this

I just missed the £1 ebay deal, it cost £250

the buyers are out there, 5 people gunning for it hard at the end.
I got Email straight after offering me 12500
skecrypto
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December 09, 2017, 12:08:20 AM
 #33

Sell it for 12 and a half LOL and cut the 250 on eBay, cancel the sale but you'll get the negative from your buyer...maybe...you've got 100% positive and selling...I don't know, think about it...
madbloke (OP)
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December 09, 2017, 12:41:37 AM
 #34

I not going to do it , just saying people will pay more :-)
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