Platzman (OP)
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October 29, 2017, 09:03:51 PM |
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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 !
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Lesbian Cow
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October 29, 2017, 09:06:47 PM |
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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.
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Platzman (OP)
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October 29, 2017, 09:43:41 PM |
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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/iD9AO6https://ibb.co/ncPoAmForgive what may seem like a newbie mistakes on this site .
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Blazed
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October 29, 2017, 09:57:08 PM |
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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
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Lesbian Cow
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October 29, 2017, 10:00:27 PM |
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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!
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Blazed
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October 30, 2017, 07:57:40 PM |
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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?
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Platzman (OP)
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November 01, 2017, 11:07:24 PM |
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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 ?
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Blazed
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November 01, 2017, 11:11:36 PM |
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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.
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owlcatz
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November 01, 2017, 11:22:12 PM |
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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!
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Blazed
Casascius Addict
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November 01, 2017, 11:24:51 PM |
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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 $100 return insurance amount. (I'd rather peel it or sell it in person, or to someone reputable such as Blazed here, especially if I lived in CA). Just my opinion, ofc, cheers! I escrowed a deal 2 weeks back where 2 x Cas 10 coins were mailed uninsured. If you pick a reliable mailing service the risks are extremely low.
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Platzman (OP)
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November 01, 2017, 11:40:25 PM |
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OK I get it. ANACS not really an option. I would't mind travelling but I have a border to cross and traveling with an excess of 10K$ 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...
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Blazed
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November 02, 2017, 12:43:56 AM |
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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.
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wheelz1200
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November 02, 2017, 01:03:29 AM |
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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.
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Blazed
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November 02, 2017, 01:04:32 AM |
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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.
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Gatorelf
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November 02, 2017, 01:13:53 AM |
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I shipped USPS priority with tracking and signature some high $$ coins and always went pretty smooth
nice coin !
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FFrankie
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November 02, 2017, 01:14:56 AM |
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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
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wheelz1200
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November 02, 2017, 01:16:34 AM |
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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
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Platzman (OP)
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November 02, 2017, 05:21:31 PM |
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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...
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Lesbian Cow
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November 02, 2017, 06:14:07 PM |
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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.
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