Physical Crypto General Discussion

[gentlemand]

Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

Pretty darned warped I'd say, but Casascius ain't making any more and you would've had to have been slightly hard core to have bought some back in the day.

Those who invested then or now deserve to reap future rewards.

[stereotype]

Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I used to think this around 1 year ago. I would have thought the earlier holders have all they want by now, less the odd special coin that comes along.
I think we were trying to get a collection like Goat, no? 

[TookDk]

Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I used to think this around 1 year ago. I would have thought the earlier holders have all they want by now, less the odd special coin that comes along.
I think we were trying to get a collection like Goat, no? 

New collectors join the community once in a while, it normally align with jump in BTC exchange rate or some big public event. This is very good, because transaction and trade of goods is good for the bitcoin ecosystem. I also have a theory that most bitcoiner would like to have at least one Casascius coins, be because of the historical significance, but when they will buy "their coin" is more or less random.

[nubbins]

Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I purchased several dozen Casascius coins in 2013 and have been slowly selling them since. I've purchased *maybe* five coins from other collectors since my initial spree, and four of them have either been resold or are currently on auction.

At one point I owned almost 60. Once my current auction is finished, I'll have 7 Casascius coins and 3 Kialara bars (one of each, natch) left in my collection.

I'd hoped to get a full collection of sub-10btc Casascius coins, all with PGP docs, but it's proven to be a fruitless endeavor so I've mostly given up on it.

[wheelz1200]

Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I purchased several dozen Casascius coins in 2013 and have been slowly selling them since. I've purchased *maybe* five coins from other collectors since my initial spree, and four of them have either been resold or are currently on auction.

At one point I owned almost 60. Once my current auction is finished, I'll have 7 Casascius coins and 3 Kialara bars (one of each, natch) left in my collection.

I'd hoped to get a full collection of sub-10btc Casascius coins, all with PGP docs, but it's proven to be a fruitless endeavor so I've mostly given up on it.

Just wondering, why are you dumping all of them?

[nubbins]

Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I purchased several dozen Casascius coins in 2013 and have been slowly selling them since. I've purchased *maybe* five coins from other collectors since my initial spree, and four of them have either been resold or are currently on auction.

At one point I owned almost 60. Once my current auction is finished, I'll have 7 Casascius coins and 3 Kialara bars (one of each, natch) left in my collection.

I'd hoped to get a full collection of sub-10btc Casascius coins, all with PGP docs, but it's proven to be a fruitless endeavor so I've mostly given up on it.

Just wondering, why are you dumping all of them?

What else am I gonna do with 20 of the same coin 

[gentlemand]

What else am I gonna do with 20 of the same coin 

Sit in your grand hall and covet them from across the room.

[nubbins]

What else am I gonna do with 20 of the same coin 

Sit in your grand hall and covet them from across the room.

Heh. Somewhat related, here are the cases my 2013 silvers came in:

[Possum577]

Since all of us are in some state of acquisition or liquidation of Casascius coins, we all are maintaining a BTC balance.

I'd love to get all of you to respond to a bitcoin wealth distribution poll I just set up in the main Bitcoin forum -> https://bitcointalk.org/index.php?topic=1133078.0

This poll has been done in the past, my new version overlays geographic region so we can see wealth distribution around the globe.

Please take a minute to share (anonymously) where you fit in the wealth distribution and may you all see good fortune come your way!

Thanks.

[SgtSpike]

Just curious - how do you all think the market is for physical coins these days?  I still have a few left, but am unsure if this is a bad time to sell because I haven't been keeping up on it much.

[gentlemand]

Just curious - how do you all think the market is for physical coins these days?  I still have a few left, but am unsure if this is a bad time to sell because I haven't been keeping up on it much.

Seems far more buoyant than it was a few months ago. Lots are changing hands and there are some hefty premiums popping up for the lower denominations.

[cyclops]

Just curious - how do you all think the market is for physical coins these days?  I still have a few left, but am unsure if this is a bad time to sell because I haven't been keeping up on it much.

Seems far more buoyant than it was a few months ago. Lots are changing hands and there are some hefty premiums popping up for the lower denominations.

*Talking about Casascius*

[monkeynuts]

I have just recieved a new grading form from ANACS. They wont be publishing it on their website for a week or 2, but they have given me the green light to share here. Its been talked about for a little while, but it has finally happened.

Its a bit special, in that they are recognising the physical crypto coins as their own distinct category on the submission forms. Thats a real step forward in my eyes ... mainstream here we come 

I cant let it pass without restating what a shame it is that ANACS will give us our own section, but the forum wont. (Mods, please take note)

I have put a copy of the form on PDFy
https://pdf.yt/d/vA7tlh6CBIvV23PJ
You can download, or print straight from there

The ANACS office manager has said
"They decided to go with the verbiage of “Physical Cryptocurrency” instead of “Private tokens and medals”, however these are the changes we discussed previously.  Max value of $100 per token. The only additional change is a max submission value for international orders of $5000.  Meaning the total value for the entire submission is capped at $5000 in insurance value."

Any discounted rates negotiated previously will also be honoured. But having a 'base rate' of $19 is also positive for submitting lower numbers of coins

Please feel free to use this, share this, and reference it in any other threads. Lets get this form out to those of us who do submit coins, return some of the faith that ANACS have placed in physical crypto.

It will be really interesting to see if given this change by ANACS, if any of the other big grading organisations take note, and reconsider their stance wrt cryptocoins

[Quickseller]

$19 per coin is more then what they had been charging their "normal" customers in the past. They were charging $14 (plus $7 for verification). Or does the $19 include verification?

[monkeynuts]

$19 per coin is more then what they had been charging their "normal" customers in the past. They were charging $14 (plus $7 for verification). Or does the $19 include verification?

Dont believe it will include verification. The price before depended on the value of the coin and also the speed of turnaround. Some will win, some will lose. If you have any volume, they will generally negotiate a discount

[goose20]

Guys, when pricing/valuing coins do you take the market exchange rate into account at time of trade? Or is it strictly btc amount?

I.e. As of now, the exchange rate is ~10% lower than a week ago - if an MS68 Cas coin sold for 4btc a week ago, all other things being equal, would another same MS68 coin be worth 4.4btc today, or still 4btc?

Opinions on exchange rate...

[TookDk]

Guys, when pricing/valuing coins do you take the market exchange rate into account at time of trade? Or is it strictly btc amount?

I.e. As of now, the exchange rate is ~10% lower than a week ago - if an MS68 Cas coin sold for 4btc a week ago, all other things being equal, would another same MS68 coin be worth 4.4btc today, or still 4btc?

Opinions on exchange rate...

Casascius is mostly traded in bitcoin not dollar. Interesting enough is the price more or less constant in terms of bitcoins.
E.g. 1 BTC Silver cost 2.2-2.5 BTC now at 1 BTC = 265 USD, the price was the same 1 year ago when 1 BTC = 500 USD.

There is a trend; when bitcoin exchange goes up, then does the price of Casascius also go up a bit.
This is because, higher bitcoin prices attracts new bitcoiners - some of them will look to buy Casascius coins, thus increasing the demand.

[goose20]

Guys, when pricing/valuing coins do you take the market exchange rate into account at time of trade? Or is it strictly btc amount?

I.e. As of now, the exchange rate is ~10% lower than a week ago - if an MS68 Cas coin sold for 4btc a week ago, all other things being equal, would another same MS68 coin be worth 4.4btc today, or still 4btc?

Opinions on exchange rate...

Casascius is mostly traded in bitcoin not dollar. Interesting enough is the price more or less constant in terms of bitcoins.
E.g. 1 BTC Silver cost 2.2-2.5 BTC now at 1 BTC = 265 USD, the price was the same 1 year ago when 1 BTC = 500 USD.

There is a trend; when bitcoin exchange goes up, then does the price of Casascius also go up a bit.
This is because, higher bitcoin prices attracts new bitcoiners - some of them will look to buy Casascius coins, thus increasing the demand.

Thanks for that...makes sense
Always interesting to follow the differing thoughts ... its similar to the arguments about taking a loan in btc and then price rises (as in the kingofsports saga).

[mattiadeabtc]

I think that we need a section on the forum for the physical coins,  can we maKe a pool? Or a formal request?

[stereotype]

Trying to get my head around, what happens to perceived value of Casascius coins if XT eventually gets its 75% miner adoption.
I guess Casascius coins will be the least, crypto has to worry about.