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Author Topic: [Auction] Casascius Silver/Gilt MS-69 - Starts @ 1BTC  (Read 1413 times)
Blazed (OP)
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July 17, 2016, 03:09:03 AM
 #1

Starting Bid: 1BTC
Bidding Increments: .01BTC
End Date: 07/18/2016 9:00 PM EST -> http://www.timeanddate.com/worldclock/usa/new-york
Shipping: Buyer pays shipping


I do have multiples of this coin all graded MS-69 so if the bids get decent I will let more go!



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dazedfool
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July 17, 2016, 03:09:59 AM
 #2

2BTC
astrocity1981
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July 17, 2016, 06:04:32 AM
 #3

2.1BTC
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July 17, 2016, 03:33:46 PM
 #4

2.16BTC
Blazed (OP)
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July 17, 2016, 07:59:46 PM
 #5

Whoever wins this with a bid of 2.5BTC or more has the option to buy 1 or 2 more at the same price!
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July 17, 2016, 09:48:55 PM
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2.18
Blazed (OP)
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July 18, 2016, 07:33:28 PM
 #7

5.5 hours left for this one...
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July 19, 2016, 12:33:55 AM
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2.19BTC
Hellot
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July 19, 2016, 12:42:03 AM
 #9

Hmmm
SaltySpitoon
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July 19, 2016, 12:59:44 AM
 #10

2.20BTC
Blazed (OP)
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July 19, 2016, 01:04:57 AM
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2.20BTC

Winning bid! I must say I am amazed how cheap this went for.
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July 19, 2016, 01:07:48 AM
 #12

Winning bid! I must say I am amazed how cheap this went for.

Me too! I thought I'd have to duke it out with people in the end. Had multiple tabs up ready to post and everything. Shoot me a bitcoin address via PM, and I'll respond with a shipping address once sent.
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July 19, 2016, 01:14:31 AM
 #13

Winning bid! I must say I am amazed how cheap this went for.

Me too! I thought I'd have to duke it out with people in the end. Had multiple tabs up ready to post and everything. Shoot me a bitcoin address via PM, and I'll respond with a shipping address once sent.

Good buy Salt.

https://AltQuick.com/exchange/ - Trade altcoins & Bitcoin Testnet coins with real Bitcoin. Fast, private, and easy!
https://FreeBitcoins.com/faucet/ - Load your AltQuick exchange account with free Bitcoins & Testnet every 10 minutes.
Blazed (OP)
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July 19, 2016, 01:49:07 AM
 #14

I was going to auction off a few more, but after that sales price I guess not.
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July 19, 2016, 01:53:28 AM
 #15

I was going to auction off a few more, but after that sales price I guess not.

I see it as very valuable sentiment that people value their bitcoin more than we've seen. Smiley
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July 21, 2016, 05:09:39 AM
 #16

2BTC

Starting bid is BTC1, why would you open the bidding at double that? Are you crazy or has a deal been arranged?

2.20BTC

Winning bid! I must say I am amazed how cheap this went for.

Ahhh, more proof that despite the auctions in BTC, the drive of value is still coming from how much fiat one has to unload to buy one.
TommyBitcoin
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July 21, 2016, 05:40:20 AM
 #17

I was going to auction off a few more, but after that sales price I guess not.

Really?  I would think that getting more than double the face value is a pretty good sell.  Add to the tripling of price of bitcoin to fiat since the original minting, and to me, it looks like you did pretty well.

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TheNewAnon135246
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July 21, 2016, 06:05:27 AM
 #18

2BTC

Starting bid is BTC1, why would you open the bidding at double that? Are you crazy or has a deal been arranged?

Ahhh, more proof that despite the auctions in BTC, the drive of value is still coming from how much fiat one has to unload to buy one.

He knows that the selling price will be above 2 BTC anyway, so he decided to place a realistic bid instead of the minimum opening bid.
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July 21, 2016, 06:45:42 AM
 #19

Ahhh, more proof that despite the auctions in BTC, the drive of value is still coming from how much fiat one has to unload to buy one.

You are not correct, sir.

You would be surprised to know that many do not buy BTC for fiat in order to purchase Casascius, they simply use the BTC they already hold.

If you want to present "proof", then do your homework, instead of basing a conclusion of one sample.
I can also present "proof", E.g. I have in the past bough a Casascius Goldie (ungraded coin) for ~2.5 BTC, I have done it both when BTC was 500 USD and when BTC was at 285 USD. Using the later sample as "proof", that's 712 USD or 1.07 BTC in today's rates, please show where I can buy a goldie for 1.07 BTC? We can also do the calculation premium wise (which is properly more fair), then would the premium have been 1.5 or 427 USD. In today's rate then would that have been 0.6 BTC (plus the 1 BTC), 1.6 BTC in total.

I agree that there is some correlation with USD exchange rate and Casascius, but it is much less dominant than you imply. The most dominant factor is supply and demand.

Cryptography is one of the few things you can truly trust.
Anduck
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July 21, 2016, 07:11:58 AM
 #20

I was going to auction off a few more, but after that sales price I guess not.

Really?  I would think that getting more than double the face value is a pretty good sell.  Add to the tripling of price of bitcoin to fiat since the original minting, and to me, it looks like you did pretty well.

These coins sold for 3-3.5 BTC for a long time.

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