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Question: What's a justified auction price for an unfunded 1000 BTC coin
More than 50 BTC
Between 25 and 50 BTC
Between 12 and 25 BTC
More than 8 BTC
Worth nothing

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Author Topic: [WTS] [Experiment] Auction of an unfunded 1000 BTC coin  (Read 1310 times)
realediston (OP)
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June 26, 2017, 06:55:00 AM
 #21

ridiculous to me

Lol. Those who cannot afford use those words. Here this painting was sold for $188 million
https://en.wikipedia.org/wiki/No._6_(Violet,_Green_and_Red)

Check here for more : https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

It's the rarity that counts.

Best regards
Edi

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dazedfool
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June 26, 2017, 07:02:59 AM
 #22

ridiculous to me

Lol. Those who cannot afford use those words. Here this painting was sold for $188 million
https://en.wikipedia.org/wiki/No._6_(Violet,_Green_and_Red)

Check here for more : https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

It's the rarity that counts.

Best regards
Edi

Lets see some photos of your coin
Mitchell
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June 26, 2017, 07:23:04 AM
 #23

ridiculous to me
Then get out of our section. Roll Eyes

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June 26, 2017, 04:30:22 PM
 #24

They are desirable, but definitely not 14 BTC desirable to me. Even more so when future BTC appreciation is taken into account.

How many gold ones are out there in total?





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June 26, 2017, 04:50:07 PM
 #25

 You really need to split "gold ones "up.

 There are in band releases. Then there are extras.

 So the mintage of loaded 1000 bitcoin bars is extremely low. Less than 10.

 These coins being made available, we're not known to have existed until Charlie lee announced it. Mintage is not known, but they are a separate collectible.

 There are direct parallels with the unfunded casascius bars.
 These are both different from an in band release which has been redeemed but still has its collectible unique first bit hologram.

 We can look at how much low mintage items have sold for in the past.

There was a first day coin - 1 btc -  which sold for 50 bit coin.
 There is a series to stick a coin with a mintage of only 45. Those have sold for, I forget now, let's say 20 bit coin for a one bit coin coin.

 When you get to mintages lower than that the sample size is smaller.

 The 100 bit coin bars now have a mintage of about 16 left. I have sold those for premiums of...more than 50 bit coin.
  The 1000 bit coin coin's have a vintage of five or six. I believe Goat set the record , when he sold a 1000 bit coin coin for $1,250,000 or 1250 bit coin.
 Rarest is the 500 bitcoin bar, of which only one exists for each version.


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June 26, 2017, 07:33:27 PM
 #26

There was a first day coin - 1 btc -  which sold for 50 bit coin.

Interesting. Got more info about this? What was the first day?

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June 26, 2017, 07:34:40 PM
 #27

Im HIGHLY interested in this, If you are seriously willing to sell it i will shoot you a PM
krogothmanhattan
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June 26, 2017, 09:49:12 PM
 #28

How about 10 million for a small piece of paper like a stamp?

  http://www.nbcnews.com/news/world/british-guiana-stamp-sells-record-9-5-million-n134161

         

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krogothmanhattan
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June 26, 2017, 11:33:44 PM
 #29

There was a first day coin - 1 btc -  which sold for 50 bit coin.

Interesting. Got more info about this? What was the first day?

I believe the first funded coins were on the 7th September 2011. I have an 8th September 2011 Casascius error coin..making it second day funding Cheesy

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June 27, 2017, 03:50:40 AM
 #30

There was a first day coin - 1 btc -  which sold for 50 bit coin.

Interesting. Got more info about this? What was the first day?

I believe SgtSpike was the seller and it was for a 1 BTC.
 It might have even been discussed in the thread I have in my signature, can't remember anymore.

There are neat extrapolations for a valuation of key dates. I always like to draw the comparison of the Saint Gaudens coins.

 You get a sense of what 99% of collectors would settle for, to consider a set. And then at the top, the very few that complete true sets,  and the relative cost for those rarest pieces, compared to the rest of the set.

Key dates are gettin grabbed!

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June 27, 2017, 10:51:26 AM
 #31

There was a first day coin - 1 btc -  which sold for 50 bit coin.

Interesting. Got more info about this? What was the first day?

Here is the link https://bitcointalk.org/index.php?topic=214589.msg2250539#msg2250539

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June 27, 2017, 05:13:35 PM
 #32

There was a first day coin - 1 btc -  which sold for 50 bit coin.

Interesting. Got more info about this? What was the first day?

Here is the link https://bitcointalk.org/index.php?topic=214589.msg2250539#msg2250539

Thanks. First day seems to be 7th Sept. I had some 11th Sept funded coins.

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June 27, 2017, 09:54:12 PM
 #33

https://bitcointalk.org/index.php?topic=256980.0

 Wow. 190 mintage  and it fetched 50 bit coin. You know most of these first days are being held by a few large, strong hands :-)

 For selfish reasons, as well as the good of the collectible community as a whole, I am also greatly looking forward to this auction. We are maturing!
 I anticipate that first wave HNWI  begin to enter after this multi-month correction when we start hitting 5000+. At that point, I expect the focus, finally, to be on true key dates/low mintage.

If that bears out, investments holy based on premium and no spot will win the most. If it never does they lose out fully. The risk must match the reward. And finally the market conditions are beginning to favor the reward scenario :-)

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July 01, 2017, 09:18:27 PM
 #34

I can afford paying 1 BTC for this coin
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July 01, 2017, 09:49:17 PM
 #35

I can afford paying 1 BTC for this coin
You have at least 10 people that would pay more than 5BTC for this coin.

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