[FIRE SALE]: Casascius 1 BTC Coins - ENDED

[molecular]

randrace, you overpayed by 5 millibits.

[thoughtfan]

Wow, that's astoundingly complicated for a 'fire sale' where I assume the primary objective is to sell off stock.

I was about to make a Casascius order then got excited by the possibility of cheap coins only to find your pricing is designed to discourage people from buying more than one and to reward those who happen to see the post first.  I don't get it!  You appear to be maximising the odds you'll have loads of tiny orders to pack in loads of little envelopes each of which needs to be sent to a different address. I'm intrigued by your reasoning - would you share?

For those who do want more than a few, Casascius is currently offering 10 physical 1BTC coins for 11BTC including international shipping.  Not that I'm intending to throw a wet cloth over your fire sale Molecular but I thought I should point out the obvious to those who want more than a couple, and/or who are late and/or may be struggling with your pricing algorithm!

This deserves an answer. Yes, it's a pretty complicated way to sell off stock, but I want to learn about different selling modes and just get some experience as to what works and what doesn't. Some psychology involved here, I guess.

As for shipping small quantities: That's the idea. Look as the pricing structure casascius has: 1 Coin: 1.50, 10+ coins 1.08 each. So I can only really compete below 10 coins for that reason alone. Add to that some shipping and insurance complications (shipping from germany) and I can't really compete below 5 or so (weight and contraints and insurance limit on postal service letter, UPS/DHL/... are prohibitively expensive sending packages).

Mike wanted to offload small order shipping and he did that by way of pricing. It clearly works and I'm taking some load off him. If you want 10+ coins you should probably order from him. For 3 to 10 coins we can always talk and I can work out a price for you if you tell me the destination, but it's probably more economical (assuming you're in the states) to have it shipped from a reseller on the right side of the pond.

Appreciate your going to the lengths of explaining to me thank you Molecular.  Sorry if I came over as critical - was more perplexed really.  Thanks for the offer but I went with Plan A - especially bearing in mind your purchase price was more than I'm currently needing to pay.  Good luck with your experiment.

[molecular]

Appreciate your going to the lengths of explaining to me thank you Molecular.  Sorry if I came over as critical - was more perplexed really.  Thanks for the offer but I went with Plan A - especially bearing in mind your purchase price was more than I'm currently needing to pay.  Good luck with your experiment.

Your criticism (doesn't have to be negative) is welcome. There are many other ways I could've done this. Also, the goals are not always as clear-cut as one thinks.

Sometimes I do things not only for the profit. Feels good to distribute these beautiful coins to many people

[lebing]

I will take 1 if you still have one left mol, thanks

[Otoh]

I'll take 3 with EU shipping please, also I would be happy to make an offer for any that may remain unsold after everyone has finished buying if there are any left overs.

[molecular]

I will take 1 if you still have one left mol, thanks

order accepted, please pay BTC 1.25 to 1Q21VNh5Tz1FSpC7EhHFvUsuPWU178DDai to confirm and PM shipping address

[molecular]

I'll take 3 with EU shipping please, also I would be happy to make an offer for any that may remain unsold after everyone has finished buying if there are any left overs.

order accepted, please pay BTC 3.8 to 1AHD5wmEv9w5csP8zCkYsekMF9F9UCN54g to confirm and PM shipping info.

let's PM, I'll delay your shipping for now.

[Coinapult]

How many are still available?

[molecular]

How many are still available?

32 left. We're in the BTC 1.30 category (6 left).

see here: https://docs.google.com/spreadsheet/ccc?key=0Au-mVSBh0PA4dGlEQnVEbWI1NkhCb2MwOVMwdEp5anc

[molecular]

just had some fun opening a new roll and putting the coins in bags:

[Otoh]

I'll take 3 with EU shipping please, also I would be happy to make an offer for any that may remain unsold after everyone has finished buying if there are any left overs.

order accepted, please pay BTC 3.8 to 1AHD5wmEv9w5csP8zCkYsekMF9F9UCN54g to confirm and PM shipping info.

let's PM, I'll delay your shipping for now.

I should have read the thread through fully before hand, I'm more interested in bulk & as you mentioned that's better direct from Casascius, please cancel my request, most impressed by what you're doing here btw with this!

[nethead]

Lemme get one of those then, pm me more info pls

[johnniewalker]

If I didn't miss the boat I'll take 3

edit**: no offense molecular, but after reading your terms I'm out (I'm sure you know what I'm referring to lol)

But everyone else: molecular is a stand up guy, buy your coins from him.

[randrace]

randrace, you overpayed by 5 millibits.

Put that in the mailing fund. 

[molecular]

Lemme get one of those then, pm me more info pls

in case this is to be considered an order, please pay BTC 1.234 to 18GdUP69ViTibtKZc2mLqFacgh6oEVKoLX and PM me shipping info.

(see below why the weird price)

[molecular]

If I didn't miss the boat I'll take 3

edit**: no offense molecular, but after reading your terms I'm out (I'm sure you know what I'm referring to lol)

But everyone else: molecular is a stand up guy, buy your coins from him.

No offense taken, thanks for your criticism.

I admit it was a really weird pricing/selling mode, encouraging to buy only one, preferring early customers and all that. I learned a lot. It's not a good way.
Maybe some spotted where I was going: I wanted to make things a little fun and cater to the little devil in you guys that tells us to "buy now, because it will be more expensive later". I also wanted to find what's an acceptable price for a coin including shipping and I think I found one.

Everyone got a good price so far I would say (noone payed more than BTC 1.25 per coin including shipping).

I suggest you don't buy from this thread any more coins since I will put up a new (and simple) offer shortly.

Whoever bought from this thread at a higher price than the new offer will be reimbursed the difference.


EDIT: here's the new offer: https://bitcointalk.org/index.php?topic=154083.0

[molecular]

I'll take 3 with EU shipping please, also I would be happy to make an offer for any that may remain unsold after everyone has finished buying if there are any left overs.

order accepted, please pay BTC 3.8 to 1AHD5wmEv9w5csP8zCkYsekMF9F9UCN54g to confirm and PM shipping info.

let's PM, I'll delay your shipping for now.

I should have read the thread through fully before hand, I'm more interested in bulk & as you mentioned that's better direct from Casascius, please cancel my request, most impressed by what you're doing here btw with this!

No problem at all. I was expecting you to do cancel .

When ordering >5 coins I suggest to order either from casascius directly or from another reseller, preferrably in your country. Import VAT tax risk is an issue here and Mike solved this problem in a way only he can (reseller can't do this) by no loading the coins until they are in the hands of the recipient.

[molecular]

You're better off using this offer from now on: https://bitcointalk.org/index.php?topic=154083.0

[molecular]

The following people payed BTC 1.25 per coin and are elligible for a reimbursement of the differnce to my new offer (BTC 1.234) of BTC 0.016 per coin:

• peterepeat (3*0.016 = 0.048)
• lolwut (0.016)
• lebing (0.016)

please give me addresses so I can send the coins.

EDIT: lolwut hasn't payed yet, so I crossed him from the list. He can confirm his order by paying BTC 2.468 to address given above.
EDIT2: lebing said I should consider it a tip, so I crossed him, too.

[molecular]

lol, I can't even execute my own rules. I undercharged Bitcad (he accidentally got all 3 coins from group1). Well, it's on me.