Casascius 2011 Double Error Coin

[Eodguy149]

Does anyone own one of these or know anyone who does? I'm talking about the 5 2011 error coins that have the first bits printed 3mm higher than normal making them a "double error."

I would be curious what they value it at, if they would be willing to sell one. Any information is appreciated  

[1714143951]

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[mojolama]

Does anyone own one of these or know anyone who does? I'm talking about the 5 2011 error coins that have the first bits printed 3mm higher than normal making them a "double error."

I would be curious what they value it at, if they would be willing to sell one. Any information is appreciated  

I have a 2011 1BTC with double error. Though I didnt even know that was the term till now. Anyway I have'nt a clue what it's worth or how rare they are as not been thinking of selling. Would be interested on what people here value it at, might change my mind.
.

[monkeynuts]

Dont see these available. Its something most would want as part of our collections. I would love one too.

I think Elianite had 1 pictured in his cas book. Unsure if that was a stock pic, or one from Mike, or if he got it from a holder of one. Might be worth an ask.

***Edit, yep its on Page 6 *** http://www.coinfirm.org/ no mention of source for the pic

[Eodguy149]

Glad to see an owner of one possibly pop up. I love this forum 

Anyone else have any info on additional owners or is an owner themselves who might be interested in selling?

[TookDk]

Is there any track on exactly which coins (addy) that is double error?

[Eodguy149]

Is there any track on exactly which coins (addy) that is double error?

Not that I can find. I'm sure Mike would know but I don't think the information has been made public.

Taken directly from Elianite's book:

The specific coins and even load year are unknown, but they are all 2011 v1 1btc ‘Error Coins’

[monkeynuts]

I'm quite intrigued. If it is known that there are 5 (ie a definate number of them), then surely it would be known which 5 .... I am assuming the same printing error was done with a single batch of coins, rather than the same mistake made at 5 different times for a single coin at a time. Perhaps they were made up toghether, but then 'thrown in the mix', and then randomly being funded and released. I cant yet make sense of it.

[TookDk]

Is there any track on exactly which coins (addy) that is double error?

Not that I can find. I'm sure Mike would know but I don't think the information has been made public.

Taken directly from Elianite's book:

The specific coins and even load year are unknown, but they are all 2011 v1 1btc ‘Error Coins’

I am slightly concerned about the potential of fake "double errors".
Replicating a Casascius coin would be hard, but to modify an normal error coin into a double error coin would properly not be so hard. Because of the nature of series-1 coins (addy is printed on top of the hologram).

Think it would be a good idea to ask potential sellers about the background of the coin.

[dazedfool]

Found one.  Taking offers... 

[TheNewAnon135246]

[Eodguy149]

Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find! 

[bithalo]

Nice coin.  Also curious about asking price.

[dazedfool]

Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  

I'll start the bidding at 100BTC 

[TheNewAnon135246]

Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  

I'll start the bidding at 100BTC

Sure, I'll start bidding at 100 mBTC!

[bithalo]

Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  

I'll start the bidding at 100BTC 

dazed...I really hope you're joking.   

Not sure where you came up with this arbitrary amount.  There are possibly the same amount of 0.5B void coins and those command around 5B each.  There are 1000B 2FA Bars (1 made), 100B 2FA Bars (4 made) that are bars, but rarer, and those didn't command anywhere near such asking prices.

[Eodguy149]

Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  

I'll start the bidding at 100BTC 

dazed...I really hope you're joking.   

Not sure where you came up with this arbitrary amount.  There are possibly the same amount of 0.5B void coins and those command around 5B each.  There are 1000B 2FA Bars (1 made), 100B 2FA Bars (4 made) that are bars, but rarer, and those didn't command anywhere near such asking prices.

I kind of get the feeling that starting bid is implying he isn't looking to sell it 

Congrats on a great pick up Dazed 

[Lairew]

I think this kind of "trick" is used to boost the price.
I really can't understand the denomination "double error" ... Are we sure that all old casascius have printed correctly the holograms? (0.001 mm can be a "double error" too maybe?)

And why only 5, who can prove it ?

[monkeynuts]

I think this kind of "trick" is used to boost the price.
I really can't understand the denomination "double error" ... Are we sure that all old casascius have printed correctly the holograms? (0.001 mm can be a "double error" too maybe?)

And why only 5, who can prove it ?

My concern is that there isn't a list of the first bits for the 5 double errors. If the coin addresses are not known, then how can it be known that there were actually 5 ?

Elianite may have spoken with Mike about these coins, before they were added to his original casascius guide. He may have some additional detail not in the ebook perhaps ....

[dazedfool]

I'll start the bidding at 100BTC 

dazed...I really hope you're joking.   

I kind of get the feeling that starting bid is implying he isn't looking to sell it 

Congrats on a great pick up Dazed 

I pulled that number out of a hat, completely arbitrary. Correct that I am not actively looking to sell it... but for a ridiculous offer? Who knows.

I think this kind of "trick" is used to boost the price.
I really can't understand the denomination "double error" ... Are we sure that all old casascius have printed correctly the holograms? (0.001 mm can be a "double error" too maybe?)

And why only 5, who can prove it ?

My concern is that there isn't a list of the first bits for the 5 double errors. If the coin addresses are not known, then how can it be known that there were actually 5 ?

Elianite may have spoken with Mike about these coins, before they were added to his original casascius guide. He may have some additional detail not in the ebook perhaps ....

I have this same concern. Currently reaching out to Eliante to see if he knows where the "five" originated.

That said, I do consider the coin an interesting anomaly. How many have surfaced now? Just two?

[elianite]

I have this same concern. Currently reaching out to Eliante to see if he knows where the "five" originated.

That said, I do consider the coin an interesting anomaly. How many have surfaced now? Just two?

I have been reached!

The information was posted on the Casascius blog, though I have been unable to relocate the information (It is still probably there, though).
Luckily, I do have a saved image that used to be in his blog (image search does not find it posted anywhere else, though..).
I believe that this image is sufficient evidence to declare that 5 of these coins exist.
We do not know the specific first-bits of the coins. at this point, I am aware of two.
Of the remaining three, it is entirely possible (indeed, likely due to the redemption rate) that at least one has been redeemed.

[dazedfool]

I have this same concern. Currently reaching out to Eliante to see if he knows where the "five" originated.

That said, I do consider the coin an interesting anomaly. How many have surfaced now? Just two?

I have been reached!

The information was posted on the Casascius blog, though I have been unable to relocate the information (It is still probably there, though).
Luckily, I do have a saved image that used to be in his blog (image search does not find it posted anywhere else, though..).
I believe that this image is sufficient evidence to declare that 5 of these coins exist.
We do not know the specific first-bits of the coins. at this point, I am aware of two.
Of the remaining three, it is entirely possible (indeed, likely due to the redemption rate) that at least one has been redeemed.

Thank you sir! Now who wants a glorious 1of5 (or less) Casascius oddity?

[Blazed]

I really do not view these as a double error personally. An error to me is something obvious like a misspelled hologram, flaw in the coin, etc... To me he just printed them off center a tad not really seeing how that adds value?

[dazedfool]

I really do not view these as a double error personally. An error to me is something obvious like a misspelled hologram, flaw in the coin, etc... To me he just printed them off center a tad not really seeing how that adds value?

Error coins are just coins that have some sort of mistake or anomaly when compared to the rest of the lot. The definition is wildly vague and open to interpretation (reference Morgan VAM cataloging as one example of the extreme).

You might not consider a text offset an "error", but in this case it is a distinct/unusual characteristic that is recognized and found only on a very small subset of coins.

As for adding value, again very much open to interpretation. Depends entirely on the collector. Do you just want one variety of a coin? Or do you want ALL varieties? Appreciate the input. I think it's a double-error. 

[JackRilley]

i dont see the value in these coins. i agree with blazed, there is no error. even if its a distinction of uniqueness, its hardly a big change. definitely not something worth much money.
i do not believe the market will pay very much for this coin. not much more than the error coin market rate, plus maybe 5-10%, anything else is silly.

I would keep it for your collection.

[dazedfool]

i dont see the value in these coins. i agree with blazed, there is no error. even if its a distinction of uniqueness, its hardly a big change. definitely not something worth much money.
i do not believe the market will pay very much for this coin. not much more than the error coin market rate, plus maybe 5-10%, anything else is silly.

I would keep it for your collection.

Fair opinion. But why 5-10%? Why not 15-500%? Why is one collector's valuation "silly" when compared to another's? The "market" has provided a few very interesting offers thus far

[Fortify]

I pulled that number out of a hat, completely arbitrary. Correct that I am not actively looking to sell it... but for a ridiculous offer? Who knows.

0.123456888, do you accept my ridiculous offer

[gravitate]

This excites me a lot actually. I cant afford one of these but if I had one I wouldn't sell it for the world

[TookDk]

I pulled that number out of a hat, completely arbitrary. Correct that I am not actively looking to sell it... but for a ridiculous offer? Who knows.

0.123456888, do you accept my ridiculous offer

I actually found this comment/offer very amusing, Fortify's has a very dry humor

[mojolama]

Just spotted this post update on second double error to surface.
I've updated my first reply to this thread with a pick of the coin I have.
Useful for future reference etc. 

[Eodguy149]

Just spotted this post update on second double error to surface.
I've updated my first reply to this thread with a pick of the coin I have.
Useful for future reference etc. 

Very nice! 

Are you looking to sell it? If so for how much?

[mojolama]

Very nice!  

Are you looking to sell it? If so for how much?

Dont think I'll be selling now, prices for physicals are a bit subdued at the moment, waiting for the next wave of interest then I'll see.
But if someone offers me a price I cant refuse ...

[A-10]

And what would that end of the rainbow price be at current price if you were to sell now?

[dazedfool]

And what would that end of the rainbow price be at current price if you were to sell now?

I had an offer of 10BTC for mine...

[A-10]

Their offer is a little higher than mine would be. Thank you for priceing it.

[mojolama]

And what would that end of the rainbow price be at current price if you were to sell now?

Seriously...It's a good problem to have, considering Bitcoin will be stamped in world history as the first true digital money. Every collector I've spoken to has advised me to hold onto this one
Sure, A bird in the hand is better than 2 in the bush.
I really don't have a fixed price for selling it now, I was offered 17 BTC a while back.

[dazedfool]

elianite has an ad for one at 25BTC on his site   

https://coinfirm.org/rare-coins-for-sale

[Blazed]

elianite has an ad for one at 25BTC on his site   

https://coinfirm.org/rare-coins-for-sale

2013 called....they want their prices back 

[skibum]

Please forgive me if this is a noob question, which I think it is, but can anyone tell if the printing of the first bits on this coin I have is some sort of error?

https://i.imgur.com/FIQd6Jc.jpg
[not sure why this isn't showing up as an embedded image?]

The reason I ask is that "all" the other coins from 2011 I have seen have had the first bits printed like they are here: https://bitcointalk.org/index.php?topic=1664391.0 . Any helpful comments appreciated. Thank you!

[monkeynuts]

Image of the other side?

Are you selling?

[skibum]

Image of the other side?

Are you selling?

Here's the front of it:
https://i.imgur.com/v0GuETl.jpg

As far as selling goes, I am considering it, but:

1) Am still in the process of researching what I have and how I would go about selling it and transferring it safely and securely (i.e., protecting myself from getting ripped off, either by selling for too little or by have the buyer claim they never received it or claiming something else that negatively impacted me).

2) Believe that the premium on 2011 Casascius coins will rise (in BTC), so am not in a hurry.

I realize point #2 is subject to debate. What I'm most interested in is learning about at the moment is #1.

When I feel confident of that, I expect I will sell one or two 2011 Casascius coins (one of each Series 1 and Series 2).

Any comments and/or links regarding point #1 appreciated. Thank you

[dazedfool]

Apologies for the thread necromancy...

Curious if any more 2011 "double" error coins have popped up?

[PirateHatForTea]

elianite has an ad for one at 25BTC on his site   

https://coinfirm.org/rare-coins-for-sale

2013 called....they want their prices back 

While we're necro-ing threads, I thought I should point out that 2013 prices actually do appear to have come back. $7,100 for a series 1 1btc on ebay a few days ago, and 2.1btc for one on this forum also in the last few days.

I sold an MS-62 series 1 myself for 1.6BTC just a month or so ago, and thought I was getting a great price. Now I'm not so sure!

[andrewbadr]

I gave out 1 BTC Casascius coins to some friends back in 2011. Now, one of them wants to sell, and he asked me what the best to sell it way. Is eBay the best option? Is there a way to safely take PayPal, or would you need the buyer to pay in BTC? These are the series with the typo (single error, I guess) btw.

[wheelz1200]

I gave out 1 BTC Casascius coins to some friends back in 2011. Now, one of them wants to sell, and he asked me what the best to sell it way. Is eBay the best option? Is there a way to safely take PayPal, or would you need the buyer to pay in BTC? These are the series with the typo (single error, I guess) btw.

Dont use paypal.  If i were you i would start a new thread.  I would get pictures of the coin/s, offer escrow and you should be able to sell them here fairly easily

[andrewbadr]

I gave out 1 BTC Casascius coins to some friends back in 2011. Now, one of them wants to sell, and he asked me what the best to sell it way. Is eBay the best option? Is there a way to safely take PayPal, or would you need the buyer to pay in BTC? These are the series with the typo (single error, I guess) btw.

Dont use paypal.  If i were you i would start a new thread.  I would get pictures of the coin/s, offer escrow and you should be able to sell them here fairly easily

Sounds good. Thank you!

[krogothmanhattan]

I really do not view these as a double error personally. An error to me is something obvious like a misspelled hologram, flaw in the coin, etc... To me he just printed them off center a tad not really seeing how that adds value?

  I agree..In the world of Philately that is stamp collecting..an inverted image, inverted color, misspelled words are true errors. Case in point is the inverted Jenny, or inverted biplane of which only 100 exist that command over $800,000 in auctions.

   If there was a color shift or misperf we call them freaks or oddities. So for me the misspelling of Casascius with the missing S would be a true error..just because the ink is slightly higher or lower or sideways is not truly an error.

 But that being said, if physical Crypto coin collectors place such a high price on this type of shift in printing, then they create the market value whether its a true error or not.

[skibum]

Apologies for the thread necromancy...

Curious if any more 2011 "double" error coins have popped up?

I still have mine. As soon I can sell them securely, I will. My ideal transaction would be the buyer meeting me with certified check in the bank and where the safe deposit box is where they are stored and we swapping coins for fiat via escrow agent. Something like that. Coins and bank are in Europe.