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

[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.   

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)

Exactly.  For now most of them are likely just fine.  My point is what their relative condition will be in 5 years time or more. 

Yes, you would likely have some warning when the fading begins, but it's not a matter of if they fade, but when. 

Denarium prints on plastic paper, which likely offers a longer shelf-life. 

Of course no one knows for sure.   But, if you have a 25 BTC Cas coin are you willing to let that peel value "fade" out of existence.  At some point it would seem a risk. 

[Hellot]

I imagine various forensics methods could get the key if the ink fades.  The ink is still there.  The paper surface is different on a microscopic level.  You might be able to re-dye the ink on the paper using a solution that binds to the old ink and shows up under UV light.  The future value of these coins kind of insures we will figure this out if it becomes a problem.

[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!

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?  

325 ounces generic .999 silver, all stamped with mint, purity and weight, for 1 graded Cas Gilt silver.

[digicoinuser]

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?  

325 ounces generic .999 silver, all stamped with mint, purity and weight, for 1 graded Cas Gilt silver.

Now that's a lotta silver!   

To add to the thread, I'd believe it depends on your financing and willingness to accept risk.

[Lesbian Cow]

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?  

325 ounces generic .999 silver, all stamped with mint, purity and weight, for 1 graded Cas Gilt silver.

Now that's a lotta silver!   

To add to the thread, I'd believe it depends on your financing and willingness to accept risk.

I would throw in an extra 10 ounces for the one with the gold heart on it.

[dazedfool]

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?  

325 ounces generic .999 silver, all stamped with mint, purity and weight, for 1 graded Cas Gilt silver.

Now that's a lotta silver!  

To add to the thread, I'd believe it depends on your financing and willingness to accept risk.

I would throw in an extra 10 ounces for the one with the gold heart on it.

325toz at 17/toz is only like 1.3btc @4250usd.  Kinda low bro...  

And the golden heart from our AWOL pal bitmarket isn't for sale. Part of my oddity collection with a 2011 "double" error now

[Lesbian Cow]

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?  

325 ounces generic .999 silver, all stamped with mint, purity and weight, for 1 graded Cas Gilt silver.

Now that's a lotta silver!  

To add to the thread, I'd believe it depends on your financing and willingness to accept risk.

I would throw in an extra 10 ounces for the one with the gold heart on it.

325toz at 17/toz is only like 1.3btc @4250usd.  Kinda low bro...  

And the golden heart from our AWOL pal bitmarket isn't for sale. Part of my oddity collection with a 2011 "double" error now

I could add a 1/10 oz 1985 gold panda and 6 twix bars (or candy bar of your choice).

[iCEBREAKER]

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.  

Don't worry about fading.  When the coins are worth enough we may use advanced scanning techniques to read the keys (unless the collectible value of unpeeled coins makes the option moot).

http://eu.greekreporter.com/2015/01/22/scientists-read-greek-volcano-burnt-scrolls-found-in-italy/

[theta]

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.

Talk about high transaction costs

[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.

Talk about high transaction costs

Not really.  A 10 btc CAS is worth around 13btc = 52,000.  I can fly from east coast USA to heathrow for less than 1500 in business class.  1500/52000 = 2.8%

You also get a few nice drinks from the angry Polish lady and duty free cigarettes. 

[isoneguy]

I think I know a licensed auction house.

Probably schmooze them into listing some cas coins.

but it's got to be me because the ingrates and sheep forget the important details...

[Yoandy10]

...

[nubbins]

An interesting point to note: Casascius 25's have long been selling for 26-27 btc; currently they're the only coin where the BCH is more valuable than the numismatic premium of the coin itself 

Blazed must be eyeing his 25 stash pret-t-t-t-t-y hard these days

[isoneguy]

they sell for that much for a reason.

[nubbins]

they sell for that much for a reason.

Because we're all too cheap to own 25 BTC coins?

[gentlemand]

Dude, don’t peel them. I’ll do you the favor (for a small fee of course) and deliver them in person at ANACS. I live in Colorado Springs and its about an hour drive north for me. I just dropped one off mine last week and it’s getting graded now.

You’ll regret it in the near future if you cash them in!!!

That's a very kind offer. I'd still have to get them across the Atlantic though. May as well restore a Concorde and fly it over. Clear a highway for me.

I've no plans to sell, but the actual options for secure sales get hairier as the values rise. The idea of meeting in an airport is a valid one.

Because we're all too cheap to own 25 BTC coins?

'Cos they look like a dictator's self awarded medal? Just a personal opinion.

[OneNattyLitecoin]

What I think you'll start seeing, depending upon personal situations, is that people will begin peeling them because there will be a dwindling demand or willingness to pay any premium for them. I seriously want a MS69 Gilt 1BTC, but at 2.25-2.5BTC asking price it doesn't make economical sense. That was the going rate when BTC was $1000. A $6000 premium for any thing is pretty baller, but the seller won't take that into consideration. He won't let the gilt go for less that 2BTC. In the end, when BTC goes to $5000, $10000, $25,000 the coin just turns into a safe way to store your BTC and the premium will go to zero in relative terms.

On a totally unrelated note, please PM me if you have a MS69 Gilt 1BTC for sale

[nubbins]

I personally think the golden age for premiums on physical bitcoins is over.

Holders will keep their ask prices steady because they don't want to write up a loss, but you're fucking bananas if you think, e.g., that anyone is going to pay 16 btc for a 10 these days. Seriously, a $24,000 premium for a privately minted round? Get outta here. The only people with that amount of coin to burn are old hodlers, and they've already finished their collecting.

At least the folks who bought 0.5s/1.0s/25s paid a smallish premium. Even the 5s weren't *too* bad, although you'd be looking at a loss of at least 1 or 2 btc selling them today. Can't imagine being stuck with a bunch of 10s.

[OgNasty]

I personally think the golden age for premiums on physical bitcoins is over.

Holders will keep their ask prices steady because they don't want to write up a loss, but you're fucking bananas if you think, e.g., that anyone is going to pay 16 btc for a 10 these days. Seriously, a $24,000 premium for a privately minted round? Get outta here. The only people with that amount of coin to burn are old hodlers, and they've already finished their collecting.

At least the folks who bought 0.5s/1.0s/25s paid a smallish premium. Even the 5s weren't *too* bad, although you'd be looking at a loss of at least 1 or 2 btc selling them today. Can't imagine being stuck with a bunch of 10s.

Those 10s are actually closer to 12s now considering the BCC they hold...  Not to mention if forking is the new trend (already looks like we'll be forking again in ~2 months) we could see premiums rise even further.  Folks that bought 25s are most likely sitting on profits if they were to peel or resell now...

[gentlemand]

I personally think the golden age for premiums on physical bitcoins is over.

Holders will keep their ask prices steady because they don't want to write up a loss, but you're fucking bananas if you think, e.g., that anyone is going to pay 16 btc for a 10 these days. Seriously, a $24,000 premium for a privately minted round? Get outta here. The only people with that amount of coin to burn are old hodlers, and they've already finished their collecting.

Well, there are less than 500 10 BTC coins, but outside of the usual places interest in them doesn't seem to be heating up. Perhaps it'll be a slow burn, but equally prices may be considerably higher by then too. A couple I bought had modest premiums but I discarded them in my mind anyway.