Did I sell my casascius coin for less than what it's worth??

[ryanhevans77]

I just accepted an offer for my 0.1 2013 casascius coin. It is a funded coin in perfect condition that I got from Mike Caldwell. I accepted an offer for $1,400 USD, but since I don't have that much knowledge about bitcoin and the casascius coins I wanted to ask and see if others think I got a pretty good deal? Let me know...

[HabBear]

Hi Ryan,

That's not a bad offer. Here's an auction that sold the same coin for 0.45BTC (https://bitcointalk.org/index.php?topic=1896421.0). At $1400 you're getting ~0.52BTC. Nice work!

If you still have time to negotiate you might be able to get more with an auction in the Collectibles section (https://bitcointalk.org/index.php?board=217.0), and then have this $1400 offer as your reserve price. So if you don't get an offer higher than that you can cancel the auction winner and go with this existing offer.

Several people here can help you set up the auction and offer escrow for the purchase. If you go to that board you'll see MANY auctions, nearly every day, that you can fashion yours after. The tenth coin is very collectible, and should warrant a good price if it's in good condition.

You'll want to set a starting price, a minimum bid interval, post clear pictures of both sides of the coin, set a end date and time for the auction, and have some rules on what happens if a bid comes in the last seconds or minutes of the auction (we call this a sniping rule and it usually extends the auction by an additional ## minutes).

You'll get a lot of attention and interest in this coin. Let me know if I can help you further!

[TMAN]

Do not trust this guy for escrow. There are plenty of reputable members who can assist

[FFrankie]

Do not trust this guy for escrow. There are plenty of reputable members who can assist

If you look through his posts you will see he only wants to escrow to build his trust and has offered his escrow services unsuccessfully on almost every thread here.

[Hhampuz]

I just accepted an offer for my 0.1 2013 casascius coin. It is a funded coin in perfect condition that I got from Mike Caldwell. I accepted an offer for $1,400 USD, but since I don't have that much knowledge about bitcoin and the casascius coins I wanted to ask and see if others think I got a pretty good deal? Let me know...

Ask yourself what you paid for it once you got it from Mike and take that in to consideration. I believe $1400 is a solid price for a solid coin. You are more than welcome to keep checking the forum and ask any members if you have questions regarding collectibles. Considering you did buy this coin back in the day from Mike himself I'm guessing there was something in that physical BTC that captured your interest. We could always use new members in here

[Fortify]

The better question is, are you happy with the return that you made on the coin? It seems like a decent sum to raise for this type of coin, but if you somehow paid more than that to buy it - that'd be a bad deal (but might help to cut your losses). If bitcoin were to drop again soon, maybe you could buy another one back and you would have cashed out some money too

[JUPITYR]

Hey Ryan.  Going to 2nd what Fortify said here.  Given what you paid for the coin, I'm sure you realized a very healthy profit on it when it sold.  To me the more critical question you should be asking is what you do with those profits, rather than was it enough.

For instance...... you say you sold a 0.1BTC face value coin.  One idea is that you could take (approximately) $250 or so of the profit right now and put it back into 0.1 BTC via an exchange and then transfer to your hard-wallet or other offline storage option.  That way you still have the actual BTC value of the coin you sold continuing to work for you as an investment while you use the balance of the profits to pay bills, go on vacation, buy a new toy, etc.  

In this sense "the gift keeps on giving".  

**these are just my opinions and should not be construed as actual investment advise**

[HabBear]

Wow, way too much attention devoted to my single post. I don't care about the escrow, honest. In fact, I've edited my post to reflect that there are several others that can provide escrow, all of whom have established trust history here.

Several people here can help you set up the auction and offer escrow for the purchase.

To Ryan, if you reach search "Escrow" on this forum you'll find threads that evaluate their services and history. If you don't want to search for it you can reach out to members Zepher and OG Nasty to see what services they provide, fees, etc.

Each of these members work independently of each other so I've started you off with two viable options.

Always make the decision for yourself and definitely check the trust history!

Thanks guys.

[chronicsky]

-snip-

i do not read your replies ever, since they are mostly STRANGE. i did not read this one either as its too long and not worth it since by you.
the comment below says you're providing Escrow.

Escrow in simple term means a trusted third party which you're NOT.
So kindly stop this non-sensical stuff. Go on with your sig. spamming, its ok
But asking newbies to take your escrow service is like asking for red trust and i know you are trying to build trust here and that's not half bad given how this community is full of people who blindly believe on such stuff but there should be a proper way for it and which would take years.
I personally trust and recommend Minerjones for collectible escrow , he also provides escrow for many alt coins and is awesome at it.
He is also a crypto hub for us all

anyway, just spend 2 years before you even think of escrow


Just to stay on topic!

1400$ is a pretty neat for 0.1 2013 cas
I'd sell mine MS 69 graded for nearly that amount anytime

[Qunenin]

The biggest thing with cryptos and related products is what a person will pay for an item versus its value.  An intangible coin might show a daily price average of $100 per coin, but if no one buys at that price, only at $50, then selling at $50 is not a bad thing, provided that the price is dropping.

[mrayazgul]

The biggest thing with cryptos and related products is what a person will pay for an item versus its value.  An intangible coin might show a daily price average of $100 per coin, but if no one buys at that price, only at $50, then selling at $50 is not a bad thing, provided that the price is dropping.

You are in a little more confusing price/value area because that is a physical item, technically worth very little as it is made of junk metal, but it can be called a collectors item by some.

[BitcoinsGreat]

Holding that might mean you can drop it for twice your investment later or half or nothing, it depends on what another person is willing to actually pay for it and it only takes one person putting a high value on it to make the sale.
 

[jennywhzz]

For stuff like that, check eBay and other sites.  Do not look at the asking price, but the sale history prices.  There are people out there that value this and that collectors item and will pay high for them.  Twenty cents worth of brass is worth $1000's of dollars as an old coin.