Original 5 BTC Casacius market value

[Platzman]

Hi Folks,

I bought a Casacius 5 BTC coin  about 5 years ago. I was about to transfer it into a hardware wallet but I was told it might have a higher value as a loaded chip. Further research (at https://casascius.uberbills.com) showed me that I may well have the very last 5 BTC in circulation. I'd like to know from you experts, what can be the expected premium for a 5 BTC Casacius (2012). 

Thanks !

[Lesbian Cow]

What do you mean by the last in circulation?  There are still over 700 active Casascius 5btc.

The premium is somewhat dependent on condition - horrible condition around 5.6 mint condition maybe 6.5 ungraded.

Do you have good photos?

Edit to add - don't peel it, someone (maybe even me) will purchase it from you.

[Platzman]

Quite right - I misread and interpreted 1.008 as one+fraction so forget this comment.  So this is only one of *many* 5 BTC Casacius. Here are some photos taken a minute ago.
https://ibb.co/iD9AO6
https://ibb.co/ncPoAm

Forgive what may seem like a newbie mistakes on this site .

[Blazed]

I assume it was out of the case and or handled? It is worth more than face value for sure either way. I would offer you 5.75BTC shipped

[Lesbian Cow]

I assume it was out of the case and or handled? It is worth more than face value for sure either way. I would offer you 5.75BTC shipped

Solid offer!

[WinterParker]

thats a steal!

[Blazed]

I assume it was out of the case and or handled? It is worth more than face value for sure either way. I would offer you 5.75BTC shipped

Any interest in my offer?

[Platzman]

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

[Blazed]

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

[owlcatz]

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

Not only that, but I can't imagine sending a coin worth 5 btc right now in the mail, especially to ANACS who will only guarantee a $100 return insurance amount.

(I'd rather peel it or sell it in person, or to someone reputable such as Blazed here, especially if I lived in CA).

Just my opinion, ofc, cheers!

[Blazed]

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

Not only that, but I can't imagine sending a coin worth 5 btc right now in the mail, especially to ANACS who will only guarantee a $100 return insurance amount.

(I'd rather peel it or sell it in person, or to someone reputable such as Blazed here, especially if I lived in CA).

Just my opinion, ofc, cheers!

I escrowed a deal 2 weeks back where 2 x Cas 10 coins were mailed uninsured. If you pick a reliable mailing service the risks are extremely low.

[Platzman]

OK I get it. ANACS not really an option. I would't mind travelling but I have a border to cross and traveling with an excess of 10K$ in monetary instruments is a problem as it requires a declaration (ever heard of CBP 6059-B/FINTRAC ?). And not to declare is not an option as I do have to cross this border very often. I guess I have to get at ease with the shipping risk...

[Blazed]

OK I get it. ANACS not really an option. I would't mind travelling but I have a border to cross and traveling with an excess of 10K$ in monetary instruments is a problem as it requires a declaration (ever heard of CBP 6059-B/FINTRAC ?). And not to declare is not an option as I do have to cross this border very often. I guess I have to get at ease with the shipping risk...

Honestly shipping them is pretty safe, but I understand the fear. If you decide to take the plunge and have it graded and need help with the form feel free to msg me and I will help you.

[wheelz1200]

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet?  I haven't heard of one.

[Blazed]

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet?  I haven't heard of one.

None that I have ever heard of.

[Gatorelf]

I shipped USPS priority with tracking and signature some high $$ coins and always went pretty smooth

nice coin !

[FFrankie]

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet?  I haven't heard of one.

None that I have ever heard of.

A package I sent to FL got lost by USPS, at the time the BTC to USD I would have receieved was about $300 if I recall correctly, not much but still something

[wheelz1200]

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet?  I haven't heard of one.

None that I have ever heard of.

A package I sent to FL got lost by USPS, at the time the BTC to USD I would have receieved was about $300 if I recall correctly, not much but still something

That does suck.  Anything of value you can send registered usps and you should be pretty safe as I think that's under lock and key

[Platzman]

OK will mostl likely use FedEx + Escrow and prepare for an Auction as I am not much of a coin collector.
Thanks to all for this info.  Now I just have to learn about auctions on this site...

[Lesbian Cow]

OK will mostl likely use FedEx + Escrow and prepare for an Auction as I am not much of a coin collector.
Thanks to all for this info.  Now I just have to learn about auctions on this site...

Auctions are great here, very popular and gets you the market price.

Just take a look around the collectable section and you will see many examples of how to set them up.