At what price level do you start peeling rather than selling?

[gentlemand]

I think it's safe to say that the premiums will continue to go down as the price rises. Similarly the risks of selling become ever more alarming.

I have a few ungraded coins. There's no way I'm posting them off to ANACS now and the people flogging them on Ebay must have some type of death wish.

The addition of Bitcoin Cash also rather messes with things too.

At some point in the future what will your plans be if you need to liquidate your Casascius coins?

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[krogothmanhattan]

Never..pass them on to my kids

[Lesbian Cow]

I will probably hold onto the ones I have left until I can auction them at Heritage.  I expect this to still be quite some time in the future.

These ungraded coins you have, if any of them are Casascius please message me before you peel them.

[cwil]

As far as security goes, I've done some face to face transactions in the last couple of years, and I'd likely prefer those in the future.  I go with a friend, he's armed and intimidating.

Anyway, we'll likely see the collectibles market move away from person to person sales and in to the realm of physical auctions as the price continues to move up.  I doubt I'd ever sell off my collection, but if I did, I believe that is the route I'd go.

I'd recommend not peeling any Casascius coins.  Even what you may think of as an ordinary Casascius is really very special.

[AT101ET]

The only point in peeling would be to liquidate your BTC holdings for cash.
That's kind of ironic as it shows that we still have uncertainty relating to BTC and a greater level of trust for FIAT. Having been said, for someone that's in it for the short term and looking to cash out is say that the time will be when the risk is too great to send abroad.
If BTC got to the $10k point then I could understand if someone would only be willing to sell a Cas coin face to face and if a buyer can't be found in person then peeling would be the next best option.

[OgNasty]

At what price level do you start peeling rather than selling?

I can't think of a scenario where I would ever peel a coin.

So you can't of a scenario where you would ever need/want to spend your money?

https://www.youtube.com/watch?v=U0Cky9b6mHY&feature=youtu.be&t=2m10s

[theta]

At what price level do you start peeling rather than selling?

I can't think of a scenario where I would ever peel a coin.

So you can't of a scenario where you would ever need/want to spend your money?

[gentlemand]

The only point in peeling would be to liquidate your BTC holdings for cash.

Not necessarily. I might want to spend it. I might not want something physically accessible lying around. I may want it all installed in a hardware wallet.

I really couldn'tbe arsed with face to face sales and showing up with a sawn off in my panties. I like the sound of a legit auction house but a long wait could be in order indeed.

[Blazed]

It really depends on the particular coin you have. The higher face value coins are already getting to the point where I would be nervous to ship them... Cas 25 = $100k+. Something like a 2013 brass single or half I would continue shipping those until 10k+

[TMAN]

It really depends on the particular coin you have. The higher face value coins are already getting to the point where I would be nervous to ship them... Cas 25 = $100k+. Something like a 2013 brass single or half I would continue shipping those until 10k+

Cas 25's are worth a peel - 25 of the new shitcoin @ 0.072 each puts in the same ballpark as a sale, plus you have the empty coin to sell.

[digicoinuser]

It really depends on the particular coin you have. The higher face value coins are already getting to the point where I would be nervous to ship them... Cas 25 = $100k+. Something like a 2013 brass single or half I would continue shipping those until 10k+

Definitely reaching the upper limits of insurance and sanity for shipping a Cas 25.

[JUPITYR]

For Cas coins, I could consider peeling them all in the next 5 years if the price continues to hold at these levels or increase.  I can't imagine that the ink will not start to fade to the point of illegibility at some point.  Especially for the raw examples that are sitting in a desk draw or other humid environments.  Perhaps the Cas coins in ANACS holders could delay the fading by several years.

Some of the newer physical crypto makers put some more thought into the ink and substrate that they printed the private keys on.  Those might last another 15-20 years, but at some point I would think they are all a risk for fading.   

[Lesbian Cow]

The only point in peeling would be to liquidate your BTC holdings for cash.

Not necessarily. I might want to spend it. I might not want something physically accessible lying around. I may want it all installed in a hardware wallet.

I really couldn'tbe arsed with face to face sales and showing up with a sawn off in my panties. I like the sound of a legit auction house but a long wait could be in order indeed.

For an alternative to the sawed off shotgun idea....US seller, European buyer....both fly to Heathrow arriving around the same time.  Meet in the really fun Polish bar owned by the angry old Polish woman and do the exchange there.  You know the other guy isn't armed because you are still in the terminal of an airport.  Seller can fly with the coin in his pocket the entire trip.  Both get on return flights never leaving the terminal.

[zanzibar]

Never..pass them on to my kids

Same.

[Rmcdermott927]

I don't think I'd peel unless it was a coin with very low premium.   For example, it would just be silly to peel a casascius coin as it would essentially be throwing away money as they all command a worthy premium. 

[dazedfool]

The only point in peeling would be to liquidate your BTC holdings for cash.

Not necessarily. I might want to spend it. I might not want something physically accessible lying around. I may want it all installed in a hardware wallet.

I really couldn'tbe arsed with face to face sales and showing up with a sawn off in my panties. I like the sound of a legit auction house but a long wait could be in order indeed.

For an alternative to the sawed off shotgun idea....US seller, European buyer....both fly to Heathrow arriving around the same time.  Meet in the really fun Polish bar owned by the angry old Polish woman and do the exchange there.  You know the other guy isn't armed because you are still in the terminal of an airport.  Seller can fly with the coin in his pocket the entire trip.  Both get on return flights never leaving the terminal.

I've had individuals fly out to meet me on a few occasions. Always at a location of my choosing.

Never tried meeting halfway behind airport security, that's clever. Will have to give that a go sometime.

[Lesbian Cow]

The only point in peeling would be to liquidate your BTC holdings for cash.

Not necessarily. I might want to spend it. I might not want something physically accessible lying around. I may want it all installed in a hardware wallet.

I really couldn'tbe arsed with face to face sales and showing up with a sawn off in my panties. I like the sound of a legit auction house but a long wait could be in order indeed.

For an alternative to the sawed off shotgun idea....US seller, European buyer....both fly to Heathrow arriving around the same time.  Meet in the really fun Polish bar owned by the angry old Polish woman and do the exchange there.  You know the other guy isn't armed because you are still in the terminal of an airport.  Seller can fly with the coin in his pocket the entire trip.  Both get on return flights never leaving the terminal.

I've had individuals fly out to meet me on a few occasions. Always at a location of my choosing.

Never tried meeting halfway behind airport security, that's clever. Will have to give that a go sometime.

Sell me a couple goldies and silvers at the right price and we can do it!

[dazedfool]

The only point in peeling would be to liquidate your BTC holdings for cash.

Not necessarily. I might want to spend it. I might not want something physically accessible lying around. I may want it all installed in a hardware wallet.

I really couldn'tbe arsed with face to face sales and showing up with a sawn off in my panties. I like the sound of a legit auction house but a long wait could be in order indeed.

For an alternative to the sawed off shotgun idea....US seller, European buyer....both fly to Heathrow arriving around the same time.  Meet in the really fun Polish bar owned by the angry old Polish woman and do the exchange there.  You know the other guy isn't armed because you are still in the terminal of an airport.  Seller can fly with the coin in his pocket the entire trip.  Both get on return flights never leaving the terminal.

I've had individuals fly out to meet me on a few occasions. Always at a location of my choosing.

Never tried meeting halfway behind airport security, that's clever. Will have to give that a go sometime.

Sell me a couple goldies and silvers at the right price and we can do it!

If this rocketship crosses 5k usd, I might try to cash in and trade a few for a kilo brick of gold. Got one of those? 

[M++]

For Cas coins, I could consider peeling them all in the next 5 years if the price continues to hold at these levels or increase.  I can't imagine that the ink will not start to fade to the point of illegibility at some point.  Especially for the raw examples that are sitting in a desk draw or other humid environments.  Perhaps the Cas coins in ANACS holders could delay the fading by several years.

Some of the newer physical crypto makers put some more thought into the ink and substrate that they printed the private keys on.  Those might last another 15-20 years, but at some point I would think they are all a risk for fading.   

This make no sense, you've the public key in the front no? I never see any front public key fading so far, could last forever IMO. If the public key in the front start to effectively fade it can be a problem, but for now no one have ever reported any problem.

(I'm not a pro, but I own some)

[gentlemand]

This make no sense, you've the public key in the front no? I never see any front public key fading so far, could last forever IMO. If the public key in the front start to effectively fade it can be a problem, but for now no one have ever reported any problem.

(I'm not a pro, but I own some)

Maybe it's worth considering the conditions at the time of their creation. They were purely created to shine a light on Bitcoin. The brass ones were manufactured by a car wash token company. They were selling for about $7 when first launched.

If he'd realised just how valuable they'd become he might have put more care into the printing. I assume everything'll be fine but it probably wasn't military grade stuff.