[WTS] Casascius 25btc w Mandarin encipher - Fortuna equivalents [SOLD]

[Blazed]

Jesus 75btc for a 25btc coin that's unreal .

Actually, given that BTC1 casascius coins go for 2-3 times the value of the bitcoin loaded on the coin, the BTC75 price tag isn't that far off for a BTC25 coin. I wish we had more information on what these coins have sold for in the past.

Quickseller stated it above.  Loaded 1BTC casascius coins that sell for 3BTC are receiving a premium of 2BTC for the coin.  The premium is the amount over the face value loaded and not a multiple of the face value.  This coin has to be exceptionally rare, especially in the buyers eye to gain a price of 75BTC with a premium of 50BTC.

I was just reading the casascius threads where the 1BTC coins were sold at 1.25BTC + 1BTC for shipping and 25BTC coins were sold at 28BTC + 1BTC for shipping.  I'm not saying such a premium isn't warranted for this coin as I don't know the specifics of the backstory and previous ownership, but I'm guessing a 3BTC premium back in the day was probably like $30-40?  Right now a 2BTC premium is around $475 which means there is quite a difference and we can just imagine what happens to a 50BTC premium, eh?   (approx. $12,000)

How many of these coins were produced that make them this rare?

I disagree. A valuation multiple is how one arrives at the premium. You or Quicksilver or anyone can say - all casascius coins should be sold for the same nominal amount over face value - it could be BTC1, BTC2, BTC10, whatever. The relationship between that amount and face value is the valuation multiple.

You're right that the premium isn't a valuation multiple (they're different things). But I disagree with how you guys are approaching this. I believe the premium paid over face shouldn't be the same. E.g., by your rationale every Casascius coin should be sold for BTC2 over face value, so a BTC1 coin should sell for BTC3 and a BTC0.10 coin should sell for BTC2.10. That doesn't make any sense!

One thing I do agree on is getting the conversation and debate out there. Here's a link to the mintage -> http://www.spotcoins.com/bitcoin/casascius

It depends on the coin 100%

2013 Brass command hardly any premium due to supply and desirability. Some coins command huge premiums while others do not regardless of how many were minted. Take a look at the 2011 brass singles for example. The 2011 Series 1 (error hologram) has one of the largest premiums while the 2011 Series 2 (much less minted) command no where near the same. 

[wheresmycoin]

Ill give you 27.5BTC + cover all the shipping costs for the 25btc coin

when i received this coin from fedex, there was a tax to pay the courier an additional $83.

it was 27.5btc + $83 tax.

50BTC premium for the rare translations from this coin.

The translations are not worth 50 BTC, in fact they are not worth anything in my opinion

dunno, i think someone might appreciate more about this particular coin.

In theory, someone might be willing to pay a slightly higher premium for the translations, however I don't think it is going to be 50 BTC.

Let me ask you this, if someone was selling a 1 BTC Casascius coin with similar translations would you be willing to pay 51 BTC for it? If not then why do you think your coin deserves such a premium? Remember that any premium for rarity is a flat value, not a percentage/multiple of the denomination of the coin

If the seller wants to sell the 1btc coin with similiar translation with mintage 2-5k, for 50btc. Basically it depends on how willing the buyer wants to pay for it. Rare translation on a common coin is probably less desirable than a rare translation on a rarer coin.

[wheresmycoin]

1BTC error coin still for sale! Offers considered.

Minted in September. Someone needs to put this in a grading slab.

[digicoinuser]

Quickseller stated it above.  Loaded 1BTC casascius coins that sell for 3BTC are receiving a premium of 2BTC for the coin.  The premium is the amount over the face value loaded and not a multiple of the face value.  This coin has to be exceptionally rare, especially in the buyers eye to gain a price of 75BTC with a premium of 50BTC.

I was just reading the casascius threads where the 1BTC coins were sold at 1.25BTC + 1BTC for shipping and 25BTC coins were sold at 28BTC + 1BTC for shipping.  I'm not saying such a premium isn't warranted for this coin as I don't know the specifics of the backstory and previous ownership, but I'm guessing a 3BTC premium back in the day was probably like $30-40?  Right now a 2BTC premium is around $475 which means there is quite a difference and we can just imagine what happens to a 50BTC premium, eh?   (approx. $12,000)

How many of these coins were produced that make them this rare?

I disagree. A valuation multiple is how one arrives at the premium. You or Quicksilver or anyone can say - all casascius coins should be sold for the same nominal amount over face value - it could be BTC1, BTC2, BTC10, whatever. The relationship between that amount and face value is the valuation multiple.

You're right that the premium isn't a valuation multiple (they're different things). But I disagree with how you guys are approaching this. I believe the premium paid over face shouldn't be the same. E.g., by your rationale every Casascius coin should be sold for BTC2 over face value, so a BTC1 coin should sell for BTC3 and a BTC0.10 coin should sell for BTC2.10. That doesn't make any sense!

One thing I do agree on is getting the conversation and debate out there. Here's a link to the mintage -> http://www.spotcoins.com/bitcoin/casascius

Alright, I see a little over 800 for the mintage with ~250 being currently redeemed giving ~550 currently funded.

I wasn't arguing that the premium should be the same over face value for all denominations of casascius coins, if that is what Quicksilver was stating maybe I misunderstood.  The fact is that $12,000 is quite a premium and the buyer really needs to want this coin more than a car or a luxury vacation.  I could almost guarantee that if a serious buyer offered 50BTC for an ungraded 25BTC casascius someone would come out of the woodwork and sell theirs.

In any aspect, good luck with your sale wheresmycoin.   

[monkeynuts]

1BTC error coin still for sale! Offers considered.

Minted in September. Someone needs to put this in a grading slab.

Yep, great early coin. Looks to me like an MS 64 +/- 1 if it was graded by ANACS.

In my mind this coin has a greater premium over face value than the 25 coin does. Every day, of every week,

[Quickseller]

Quickseller stated it above.  Loaded 1BTC casascius coins that sell for 3BTC are receiving a premium of 2BTC for the coin.  The premium is the amount over the face value loaded and not a multiple of the face value.  This coin has to be exceptionally rare, especially in the buyers eye to gain a price of 75BTC with a premium of 50BTC.

I was just reading the casascius threads where the 1BTC coins were sold at 1.25BTC + 1BTC for shipping and 25BTC coins were sold at 28BTC + 1BTC for shipping.  I'm not saying such a premium isn't warranted for this coin as I don't know the specifics of the backstory and previous ownership, but I'm guessing a 3BTC premium back in the day was probably like $30-40?  Right now a 2BTC premium is around $475 which means there is quite a difference and we can just imagine what happens to a 50BTC premium, eh?   (approx. $12,000)

How many of these coins were produced that make them this rare?

I disagree. A valuation multiple is how one arrives at the premium. You or Quicksilver or anyone can say - all casascius coins should be sold for the same nominal amount over face value - it could be BTC1, BTC2, BTC10, whatever. The relationship between that amount and face value is the valuation multiple.

You're right that the premium isn't a valuation multiple (they're different things). But I disagree with how you guys are approaching this. I believe the premium paid over face shouldn't be the same. E.g., by your rationale every Casascius coin should be sold for BTC2 over face value, so a BTC1 coin should sell for BTC3 and a BTC0.10 coin should sell for BTC2.10. That doesn't make any sense!

One thing I do agree on is getting the conversation and debate out there. Here's a link to the mintage -> http://www.spotcoins.com/bitcoin/casascius

Alright, I see a little over 800 for the mintage with ~250 being currently redeemed giving ~550 currently funded.

I wasn't arguing that the premium should be the same over face value for all denominations of casascius coins, if that is what Quicksilver was stating maybe I misunderstood.  The fact is that $12,000 is quite a premium and the buyer really needs to want this coin more than a car or a luxury vacation.  I could almost guarantee that if a serious buyer offered 50BTC for an ungraded 25BTC casascius someone would come out of the woodwork and sell theirs.

In any aspect, good luck with your sale wheresmycoin.  

No the premium should not be the same for all denominations of coins, it should (and does) vary depending on the rarity and desirability (and condition) of the coin. With that being said, the rough premium of one denomination is going to be within a certain range of the premium of another coin. In other words, the premium of all the coins is going to be within a range. It is pretty rare to see a sale price with a premium of more then 3 BTC and one less then .3 BTC  (for brass, if you only count silver coins then the smallest premium would be closer to 1.5 or so) for Casascius coins. If you were to strip out the value of the raw metal in the coin the premium range would be even smaller.

[wheresmycoin]

1BTC error coin still for sale! Offers considered.

Minted in September. Someone needs to put this in a grading slab.

Yep, great early coin. Looks to me like an MS 64 +/- 1 if it was graded by ANACS.

In my mind this coin has a greater premium over face value than the 25 coin does. Every day, of every week,

Thanks. Was wondering what grade it might get from Anacs.

[Quickseller]

Ill give you 27.5BTC + cover all the shipping costs for the 25btc coin

when i received this coin from fedex, there was a tax to pay the courier an additional $83.

it was 27.5btc + $83 tax.

50BTC premium for the rare translations from this coin.

The translations are not worth 50 BTC, in fact they are not worth anything in my opinion

dunno, i think someone might appreciate more about this particular coin.

In theory, someone might be willing to pay a slightly higher premium for the translations, however I don't think it is going to be 50 BTC.

Let me ask you this, if someone was selling a 1 BTC Casascius coin with similar translations would you be willing to pay 51 BTC for it? If not then why do you think your coin deserves such a premium? Remember that any premium for rarity is a flat value, not a percentage/multiple of the denomination of the coin

If the seller wants to sell the 1btc coin with similiar translation with mintage 2-5k, for 50btc. Basically it depends on how willing the buyer wants to pay for it. Rare translation on a common coin is probably less desirable than a rare translation on a rarer coin.

I would have to get back to you on the translations, however I do have a silver plus gold hologram Casascius single that is graded MS-67 by ANACS that I'd sell for a similar premium of 50 BTC, so for 50 BTC, hell I'll even give you a good deal and sell it to you for a premium of 40 btc.