Casascius Regret?

[shootersix66]

Hi Guys,

Do you regret buying Casascius back a few years ago? I bought my Cas MS67 0.1btc for 1.2 btc in 2015 when btc was about $500, but the premiums on these coins have squeezed a lot and rightfully so as many people can not afford the heafty price of BTC now a day, but if I held the 1.2 btc, it'd be worth much more than the 0.1 cas I have now.

What do you think will happen going forward? Do you think the Cas premiums will come back? If so, how?

And now with BTC at 10k, what do you think a coin like mine would even get? like 0.4 btc?

[Blazed]

When Bitcoin goes more mainstream the hope was that these draw collectors who do not care about premiums and want these coins. Look at regular rare coins these days...some go for ridiculous amounts. Casascius coins are only 6 years old.

[JUPITYR]

The only regret I have about Casascius coins is not buying a truckload of them 6 years ago.   

[AT101ET]

The same can be said about any transaction in which you previously had spent your BTC over having used FIAT.
Lazlo paid 10,000 Bitcoins for a Pizza but at the time that was the going rate. You can’t look back at it with regret. You never knew BTC was going to explode.
Look at this thread. There is some overlap and could be a little more informative.

https://bitcointalk.org/index.php?topic=2406118.0;topicseen

[hybridsole]

Casascius coins, to me, are like a hedge on BTC.  If BTC skyrockets, the value of Casascius premium will not keep up. However, if BTC remains flat or goes down, the collectors value of the Casascius should still go up over time. 

Let's just do some rough math.  If you paid 1.2 BTC for your Cas MS67 0.1 Silver in 2015 when BTC was at $500, you paid a total of $600 and it contained $50 worth of loaded BTC.  Today that piece is worth approximately 0.4 BTC (I sold two of these in the past 2 months at this price) which is a total of $3880, with a funded value of $970. 

Cost basis: $600 ($50 funded + $550 premium).

Today's value: $3880 ($970 funded + $2910 premium). 

So, even though your investment did not outpace BTC, it still appreciated 600% in two years. That's impressive, especially considering you're talking about a collectible item that will only become more rare and sought after as time goes on (regardless of what happens to BTC). 

[OgNasty]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

[wheelz1200]

These coins to me aren't just a pure investment buy hoping they will increase in value purely.  These mark a start of an era, and yes I do think that they will increase not only in usd but in btc premium over the years.

[iluvbitcoins]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

Mind reselling those to me for 240$?
Double the profit  

[Lesbian Cow]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

If you would like to triple your initial investment shoot me a PM!

[Blazed]

Casascius coins also make you hold your coins if you have weaker hands. Everything about them is amazing when you think about it.

1) Rare
2) Pretty to look at
3) Makes you not impulse spend coins
4) They are offline storage
5) They collect endless shit coins

[JUPITYR]

Casascius coins also make you hold your coins if you have weaker hands. Everything about them is amazing when you think about it.

1) Rare
2) Pretty to look at
3) Makes you not impulse spend coins
4) They are offline storage
5) They collect endless shit coins

Yup, pretty much.

[AT101ET]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

If you would like to triple your initial investment shoot me a PM!

Here come the endless offers 
I'll quadruple it and throw in 3 cows (1 male & 2 female) so you can start breeding calves. 

[shootersix66]

Thanks for the confidence all. Hopefully in 10-20 years, some bitcoin billionaire will buy it from me

[Lesbian Cow]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

If you would like to triple your initial investment shoot me a PM!

Here come the endless offers 
I'll quadruple it and throw in 3 cows (1 male & 2 female) so you can start breeding calves. 

If this deal falls thru I am interested in your 2 female cows.

[AT101ET]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

If you would like to triple your initial investment shoot me a PM!

Here come the endless offers 
I'll quadruple it and throw in 3 cows (1 male & 2 female) so you can start breeding calves. 

If this deal falls thru I am interested in your 2 female cows.

Did you inception me to make that offer? 

[wheelz1200]

Casascius coins also make you hold your coins if you have weaker hands. Everything about them is amazing when you think about it.

1) Rare
2) Pretty to look at
3) Makes you not impulse spend coins
4) They are offline storage
5) They collect endless shit coins

+1 on number 3.  How many times have you spent btc that later go, wish I still had that bitcoin.  Easy way to not spend and pretty secure at this point.

[nubbins]

Casascius coins also make you hold your coins if you have weaker hands. Everything about them is amazing when you think about it.

1) Rare
2) Pretty to look at
3) Makes you not impulse spend coins
4) They are offline storage
5) They collect endless shit coins

If I hadn't bought Casascius coins, I likely would have bought more AsicMiner shares at 5BTC each.

[gentlemand]

No. Not in the slightest.

I can't remember what some premiums were, one was bought direct from Mike Caldwell so it was low, but as soon as I got them I put whatever the premium was out of my mind.

They weren't bought to flip and it was obvious that the premiums couldn't hold as the price rose.

The only one I do regret is a Bitcoin Bowl coin that was 0.3 BTC.

Let's see if they're discovered by collectors outside this space in the years to come. It's easy to forget how rare certain ones are.

If properly executed fakes come along then many will be up shit creek though.

[RealHummer]

Do I regret paying $120 to buy 2x 10 BTC Casascius coins? No.

Ill give you $12,000 each thats a nice return for you  


I only wish I had bought some myself like you guys did years ago. I looked into it 6 years ago and thought it was another paypal. I guess I didnt look deep enough and kicking myself now. Im usually into tech stuff like this.

[RealHummer]

Casascius coins also make you hold your coins if you have weaker hands. Everything about them is amazing when you think about it.

1) Rare
2) Pretty to look at
3) Makes you not impulse spend coins
4) They are offline storage
5) They collect endless shit coins

+1 on number 3.  How many times have you spent btc that later go, wish I still had that bitcoin.  Easy way to not spend and pretty secure at this point.

I have the same regrets in a way like OP but this is also why I bought coins otherwise its easy to try to day trade which Im not good at or sell on the exchange. When they are in the safe its harder to sell IMO and makes you think more.

[owlcatz]

If any of you guys feel better, I paid 2.24 BTC for an MS70 dime a year or two ago. Looking at the txid makes me think the same thing, but then again looking at the coin, I know I or my family will be fine eventually once they hit mainstream.

[TipMePlz]

Hi Guys,

Do you regret buying Casascius back a few years ago? I bought my Cas MS67 0.1btc for 1.2 btc in 2015 when btc was about $500, but the premiums on these coins have squeezed a lot and rightfully so as many people can not afford the heafty price of BTC now a day, but if I held the 1.2 btc, it'd be worth much more than the 0.1 cas I have now.

What do you think will happen going forward? Do you think the Cas premiums will come back? If so, how?

And now with BTC at 10k, what do you think a coin like mine would even get? like 0.4 btc?

I don't mind to regret , but as you say these prices are perfectly good.
It doesn't really have to decrease in regards of bitcoin price stay with the price. Wait.

[Whosull1]

The same can be said about any transaction in which you previously had spent your BTC over having used FIAT.
Lazlo paid 10,000 Bitcoins for a Pizza but at the time that was the going rate. You can’t look back at it with regret.

Agreed.  If we all just sat on the BTC the economy would never have grown.   Best you can do is repurchase BTC after spending it.

I have no resentment when I see my now priced $14,000 Roomba do a half assed job sweeping my floors... 

[krogothmanhattan]

      Never..I bought 1 silver gilt from Mike directly..the other five 2011 series 1 and 2 in 2013.

        These are the first physical incarnation of bitcoin on a coin..to me they are a priceless part of bitcoin history.

         They will never be sold but will remain a part of my collection to be passed on to my children.

[FFrankie]

     Never..I bought 1 silver gilt from Mike directly..the other five 2011 series 1 and 2 in 2013.

        These are the first physical incarnation of bitcoin on a coin..to me they are a priceless part of bitcoin history.

         They will never be sold but will remain a part of my collection to be passed on to my children.

Thats not true, they are not the first.

[naypalm]

The only regret I have about Casascius coins is not buying a truckload of them 6 years ago.  

I do not regret buying a truckload of them. They might have been duds and rejects, but they got me through some tough times. I do regret selling most of them though.  

It is always fun bumping into a fellow collector from time to time.

[krogothmanhattan]

     Never..I bought 1 silver gilt from Mike directly..the other five 2011 series 1 and 2 in 2013.

        These are the first physical incarnation of bitcoin on a coin..to me they are a priceless part of bitcoin history.

         They will never be sold but will remain a part of my collection to be passed on to my children.

Thats not true, they are not the first.

  Yes they are THE FIRST PHYSICAL INCARNATION OF BITCOIN AS A COIN!

   The first incarnation of a physical bitcoin are BITBILLS, as a CARD

   Get your facts straight

[Gatorelf]

well its very much like the guy that sold his 63 split window vett for $1,500 in 1971  ... now about 80k  or the 50 BTC donation here now worth a half a mil.. its all about the value of the day. we have an opportunity every day to manage long term investments just try to pick the right horse.. no regrets live for family value first   

[TwinWinNerD]

I regret nothing. Maybe should have bought more of them.

Think of the premium you paid for them in USD. That premium EXPLODED!