How does one redeem a Casascius coin?

[Possum577]

How does one redeem a Casascius coin?

Have you done it before? Let's hear stories...

[Quickseller]

How does one redeem a Casascius coin?

Have you done it before? Let's hear stories...

My understanding is that you simply peel the hologram and the private key will be printed underneath. You would then import the private key the same way you would any other private key, although you would need to manually type the private key into your wallet software.

As a general rule redeeming a physical coin is going to significantly degrade the value of the coin, and you would be able to get more out of the coin by selling it as unredeemed verses redeeming a coin then selling it as a redeemed coin.

[OgNasty]

With immediate regret.

[subSTRATA]

With immediate regret.

personal experience?

[Possum577]

With immediate regret.

And we have a winner!


Honorable mention goes to Quickseller with her (sorry man, the picture has sodl me on your gender) with these words of wisdom...

As a general rule redeeming a physical coin is going to significantly degrade the value of the coin, and you would be able to get more out of the coin by selling it as unredeemed verses redeeming a coin then selling it as a redeemed coin.

[FrostStick]

I think all you do is scan the QR code into your bitcoin wallet to import that private key and Voila! you're done.

But the coin's numismatic value is almost certainly greater than the actual bitcoin value itself.

[Possum577]

I think all you do is scan the QR code into your bitcoin wallet to import that private key and Voila! you're done.

But the coin's numismatic value is almost certainly greater than the actual bitcoin value itself.

Haha, there are no QR codes on Casascius coins. It's definitely more of an enter the private key into a transaction platform.

Here's a pic of a Casascius coin - the front and back - no QR code: http://www.spotcoins.com/bitcoin/casascius