Quickseller stated it above. Loaded 1
BTC casascius coins that sell for 3
BTC are receiving a premium of 2
BTC 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 75
BTC with a premium of 50
BTC.
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 3
BTC premium back in the day was probably like $30-40? Right now a 2
BTC premium is around $475 which means there is quite a difference and we can just imagine what happens to a 50
BTC 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/casasciusAlright, 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 50
BTC for an ungraded 25
BTC casascius someone would come out of the woodwork and sell theirs.
In any aspect, good luck with your sale wheresmycoin.