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Author Topic: Will the first issue of bitcoin magazine become a collectors piece?  (Read 1315 times)
notig (OP)
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February 18, 2013, 06:58:35 AM
 #1

Just curious on what you guys think. I didn't buy one :T
Zomdifros
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February 18, 2013, 10:44:57 AM
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I'm quite sure the Casascius coins will be collectors items one day, since they're beautiful and coins are already collectors items.

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February 19, 2013, 12:18:56 AM
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I'm quite sure the Casascius coins will be collectors items one day, since they're beautiful and coins are already collectors items.

Well, if bitcoin survives, the Casascius coins will outperform the bitcoin, sure. But do you believe the 25Ƀ coin will be traded for millions on top of the millions in pure bitcoin value? I see somebody is trying to sell them already at 220% but find this rather bold given the fact that you never know if the coin went through the hands of somebody with good radio scanning equipment emptying the coin at any future point. Sure Casascius has to sell them above face value due to production costs but in this example people already try to sell this production costs for $300. Sorry that is a joke.

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Littleshop
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February 19, 2013, 02:27:27 AM
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I'm quite sure the Casascius coins will be collectors items one day, since they're beautiful and coins are already collectors items.

Well, if bitcoin survives, the Casascius coins will outperform the bitcoin, sure. But do you believe the 25Ƀ coin will be traded for millions on top of the millions in pure bitcoin value? I see somebody is trying to sell them already at 220% but find this rather bold given the fact that you never know if the coin went through the hands of somebody with good radio scanning equipment emptying the coin at any future point. Sure Casascius has to sell them above face value due to production costs but in this example people already try to sell this production costs for $300. Sorry that is a joke.

The 1 BTC original series one Casacius is selling for about 2 BTC as well. 

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February 19, 2013, 02:31:36 AM
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I'm quite sure the Casascius coins will be collectors items one day, since they're beautiful and coins are already collectors items.

Well, if bitcoin survives, the Casascius coins will outperform the bitcoin, sure. But do you believe the 25Ƀ coin will be traded for millions on top of the millions in pure bitcoin value? I see somebody is trying to sell them already at 220% but find this rather bold given the fact that you never know if the coin went through the hands of somebody with good radio scanning equipment emptying the coin at any future point. Sure Casascius has to sell them above face value due to production costs but in this example people already try to sell this production costs for $300. Sorry that is a joke.

The 1 BTC original series one Casacius is selling for about 2 BTC as well. 

In which the manufacturing plays an important role. A $30 markup is hefty. $300 for the same amount of work is incredible.

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Zomdifros
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February 19, 2013, 03:50:33 PM
 #6

I'm quite sure the Casascius coins will be collectors items one day, since they're beautiful and coins are already collectors items.

Well, if bitcoin survives, the Casascius coins will outperform the bitcoin, sure. But do you believe the 25Ƀ coin will be traded for millions on top of the millions in pure bitcoin value? I see somebody is trying to sell them already at 220% but find this rather bold given the fact that you never know if the coin went through the hands of somebody with good radio scanning equipment emptying the coin at any future point. Sure Casascius has to sell them above face value due to production costs but in this example people already try to sell this production costs for $300. Sorry that is a joke.

The 1 BTC original series one Casacius is selling for about 2 BTC as well. 

In which the manufacturing plays an important role. A $30 markup is hefty. $300 for the same amount of work is incredible.

Yes but it has to be seen if anyone buys at those prices. But if it is a glimpse of the future value of these coins I am quite content.

n8rwJeTt8TrrLKPa55eU
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February 20, 2013, 04:30:03 AM
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Just curious on what you guys think. I didn't buy one :T

Last I looked, their website was still selling a bundle with the first 5 issues which means there's probably too many of #1 floating around to ever become truly valuable.
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February 20, 2013, 08:25:50 PM
 #8

I'm quite sure the Casascius coins will be collectors items one day, since they're beautiful and coins are already collectors items.
Well, if bitcoin survives, the Casascius coins will outperform the bitcoin, sure. But do you believe the 25Ƀ coin will be traded for millions on top of the millions in pure bitcoin value? I see somebody is trying to sell them already at 220% but find this rather bold given the fact that you never know if the coin went through the hands of somebody with good radio scanning equipment emptying the coin at any future point. Sure Casascius has to sell them above face value due to production costs but in this example people already try to sell this production costs for $300. Sorry that is a joke.
That's me selling those coins Smiley They're not at 220% though: the silver itself is worth about $30, and back when they were for sale you could buy them for about 15 Bitcoins. Since these are now no longer for sale, and as far as I understand, will no longer be produced, I've raised the price. I used to sell them for lower, but they're literally irreplaceable now.

"Good radio scanning equipment" is not going to be able to read the ink on a bit of paper through a reflective sticker. That's not a serious concern.

Will they be worth the price premium if Bitcoin goes mainstream, even with the higher Bitcoin price? Personally, yeah, I think so, but that's up to anyone wanting to buy to decide.


The 1 BTC original series one Casacius is selling for about 2 BTC as well.
Can you point out anyone selling for 2 BTC a piece? I'd like to buy his entire stock.

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February 20, 2013, 08:41:24 PM
 #9

Just curious on what you guys think. I didn't buy one :T

Last I looked, their website was still selling a bundle with the first 5 issues which means there's probably too many of #1 floating around to ever become truly valuable.

The bundle listed on their website does not include issue number one.  It is currently every other issue other than issue one.

Issue number one also has some minor printing flaws that would probably not be reproduced on any reprint.


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