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Author Topic: [SOLD] Casascius 2011 Coin 1BTC with Error  (Read 1909 times)
austin
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October 22, 2013, 05:03:44 AM
Last edit: November 04, 2013, 08:42:18 PM by austin
 #1

Price reduced to BTC5.75. It includes an air tight case and free shipping.

Firstbits: 1FoKa355

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dozerz
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October 22, 2013, 06:07:10 AM
 #2

why not put it up for auction? ill offer 2.5 btc or swap for silver.

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Chainsaw
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October 22, 2013, 09:00:27 PM
 #3

Frame of reference - Nightowlace recently sold a graded 2011 holo error 1 BTC for 8 BTC.

You're welcome to additionally post a sale offer on my holo error exchange thread, if you like:
https://bitcointalk.org/index.php?topic=214589.msg3365431#msg3365431

Best of luck with the sale!

austin
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October 22, 2013, 11:06:15 PM
 #4

Frame of reference - Nightowlace recently sold a graded 2011 holo error 1 BTC for 8 BTC.

You're welcome to additionally post a sale offer on my holo error exchange thread, if you like:
https://bitcointalk.org/index.php?topic=214589.msg3365431#msg3365431

Best of luck with the sale!
Thanks, I'll add a post in your thread. I think a bit less than 8btc is a fair price because it's ungraded.
nubbins
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October 22, 2013, 11:23:17 PM
 #5

Frame of reference - Nightowlace recently sold a graded 2011 holo error 1 BTC for 8 BTC.

You're welcome to additionally post a sale offer on my holo error exchange thread, if you like:
https://bitcointalk.org/index.php?topic=214589.msg3365431#msg3365431

Best of luck with the sale!
Thanks, I'll add a post in your thread. I think a bit less than 8btc is a fair price because it's ungraded.

I purchased a grubby one for ~4 BTC back in August, which I felt was a fair price: https://bitcointalk.org/index.php?topic=267631.0

No longer buying/selling Casascius coins. Beware scammers.
My OTC Web of Trust ratings / What's a PGP chain of custody?
DM90
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October 23, 2013, 12:41:41 AM
 #6

Don't really think price of BTC is linked to this (unless BTC goes to like $250 each, but it looks like it's headed there anyway). Probably $800 USD is a fair price, and convert that to current BTC spot.

steelboy
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October 23, 2013, 02:55:40 PM
 #7

Is there a deadline for offers? Are you going to auction?
austin
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October 23, 2013, 05:28:28 PM
 #8

Is there a deadline for offers? Are you going to auction?
No deadline yet, I'm just looking for reasonable offers. Dozerz's BTC2.5 offer was pretty low ball, I expect to get quite a bit more than that.
dozerz
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October 23, 2013, 07:41:43 PM
 #9

Is there a deadline for offers? Are you going to auction?
No deadline yet, I'm just looking for reasonable offers. Dozerz's BTC2.5 offer was pretty low ball, I expect to get quite a bit more than that.

bitcoin prices have doubled since one of these was sold on the forums, im interested to know your reserve?

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
█████████████▄  ▄████████████
    █████████████████████████
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  ███████████████████████████
.....
austin
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October 23, 2013, 08:44:59 PM
 #10

Is there a deadline for offers? Are you going to auction?
No deadline yet, I'm just looking for reasonable offers. Dozerz's BTC2.5 offer was pretty low ball, I expect to get quite a bit more than that.

bitcoin prices have doubled since one of these was sold on the forums, im interested to know your reserve?
I was hoping to get around BTC6 or so. With these becoming increasingly more rare, I don't think that's unreasonable, even at the current price.
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October 24, 2013, 01:04:28 AM
 #11

Is there a deadline for offers? Are you going to auction?
No deadline yet, I'm just looking for reasonable offers. Dozerz's BTC2.5 offer was pretty low ball, I expect to get quite a bit more than that.

bitcoin prices have doubled since one of these was sold on the forums, im interested to know your reserve?
I was hoping to get around BTC6 or so. With these becoming increasingly more rare, I don't think that's unreasonable, even at the current price.

Not sure about them becoming increasingly rare as i don't think many of them are being redeemed.

It is an interesting question though. If someone pays 5BTC for a 1BTC coin when BTC is £50 they have overpaid by £200

If price goes to £500 per BTC can you still expect 5BTC?
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October 24, 2013, 01:52:00 AM
 #12

Is there a deadline for offers? Are you going to auction?
No deadline yet, I'm just looking for reasonable offers. Dozerz's BTC2.5 offer was pretty low ball, I expect to get quite a bit more than that.

bitcoin prices have doubled since one of these was sold on the forums, im interested to know your reserve?
I was hoping to get around BTC6 or so. With these becoming increasingly more rare, I don't think that's unreasonable, even at the current price.

Not sure about them becoming increasingly rare as i don't think many of them are being redeemed.

It is an interesting question though. If someone pays 5BTC for a 1BTC coin when BTC is £50 they have overpaid by £200

If price goes to £500 per BTC can you still expect 5BTC?

...they are still getting redeemed. What I think happens is, as the value of Bitcoin goes up, the larger denominations need to be 'broken up'.
About 6 months ago, these were the approximate quantity counts of each of the holo error varieties:

100 BTC holo error 22
25 BTC holo error    227
5 BTC holo error    625
1 BTC holo error    3615

Today, the counts are approximately:
100 BTC holo error  18    (decrease of 4, or 18%)
25 BTC holo error      216    (decrease of 11, or 5%)
5 BTC holo error   595    (decrease of 30, or 5%)
1 BTC holo error   3615    (unchanged, though this makes me question my 1 BTC count)

steelboy
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October 24, 2013, 01:55:12 AM
 #13

Is there a deadline for offers? Are you going to auction?
No deadline yet, I'm just looking for reasonable offers. Dozerz's BTC2.5 offer was pretty low ball, I expect to get quite a bit more than that.

bitcoin prices have doubled since one of these was sold on the forums, im interested to know your reserve?
I was hoping to get around BTC6 or so. With these becoming increasingly more rare, I don't think that's unreasonable, even at the current price.

Not sure about them becoming increasingly rare as i don't think many of them are being redeemed.

It is an interesting question though. If someone pays 5BTC for a 1BTC coin when BTC is £50 they have overpaid by £200

If price goes to £500 per BTC can you still expect 5BTC?

...they are still getting redeemed. What I think happens is, as the value of Bitcoin goes up, the larger denominations need to be 'broken up'.
About 6 months ago, these were the approximate quantity counts of each of the holo error varieties:

100 BTC holo error 22
25 BTC holo error    227
5 BTC holo error    625
1 BTC holo error    3615

Today, the counts are approximately:
100 BTC holo error  18    (decrease of 4, or 18%)
25 BTC holo error      216    (decrease of 11, or 5%)
5 BTC holo error   595    (decrease of 30, or 5%)
1 BTC holo error   3615    (unchanged, though this makes me question my 1 BTC count)

This is pretty interesting, where did you get the info from?
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October 24, 2013, 04:19:43 AM
 #14

This is pretty interesting, where did you get the info from?

I maintain a thread https://bitcointalk.org/index.php?topic=214589.msg2250539 whose aim is to bring buyers and sellers of the holo errors together.  The collectible marketplace is in the birthing stages. I'm hoping that providing a centralized place for buyers and sellers, and some historical price context for the various varieties of coins can provide some stability and definition to that market.  Anything that makes a market easier to get into, and more well defined, should help the market grow, and in turn, values should increase.  I think of the thread as an investment of sorts.

Anyway, there is a public app I've used to track the quantity of holo errors per type. I counted them up and saved them to a spreadsheet about a half year ago. I did it again a few weeks ago, and was surprised at how many had been used. I assume holders not aware of the collectible value, or perhaps redemption out of necessity.  It opened my eyes to the inherent, increasing value through supply and demand both moving in the right direction for price increases.

If I feel motivated some day, I'll throw the result data into a public spreadsheet, so that the counts are more precise, and it would be easy to update.

Anyhow - the site is fun to explore.  If I recall correctly, to get to some views, you have to change by changing the url parameters in the address bar.

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October 24, 2013, 09:43:03 PM
 #15

It may interest some of you that the firstbits include "Foka". It could be a nice vanity address for someone!
austin
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October 31, 2013, 06:06:19 PM
 #16

Price reduced.
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November 04, 2013, 08:42:00 PM
 #17

The coin has been sold!
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November 04, 2013, 08:43:36 PM
 #18

Can i ask what price?
austin
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November 04, 2013, 08:47:37 PM
 #19

Can i ask what price?
I sold it for 4.5btc. I would have held out for more, but the price of btc is rising so fast that I don't think it would've been wise to wait much longer.
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November 04, 2013, 08:47:45 PM
Last edit: November 08, 2013, 07:51:16 PM by Chainsaw
 #20

Can i ask what price?

<-- also interested. If it is above 5, then to my knowledge you've broken the record for highest 1 BTC ungraded holo error:
https://bitcointalk.org/index.php?topic=214589

I'd love to update the 'price guide' section of the thread.  Increasing, publicly-known transactions are healthy to the growth and stability of the collectible bitcoin market.

Congratulations on the sale!

EDIT: Looks like it fell short of the record. The Collectible Marketplace thread has been updated to include this sale in its history.

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