Are redeemed coins valuable or a waste of an investment?

[hoffmabc]

I am not sure if this is where to add this question, but I am purchasing some Casascius coins (redeemed) because they're cool as a novelty. I am wondering if they also have any value beyond this?

[1714773410]

1714773410

[1714773410]

1714773410

[1714773410]

1714773410

[RaTTuS]

no

[hoffmabc]

no

So the actual material that it's made out of and interest in them due to the fact that they will probably be discontinued hasn't really impacted the value at all? Or was that a no in a different direction?

[gentlemand]

Hell yes. People want and need images to attach to concepts and a Casascius coin is one of the iconic ones.

Considering the lack of complexity in some of the designs there'll be an avalanche of fakes in the years to come. If you can prove when you bought it and any other evidence that it's an original then that will count for a lot.

Obviously they won't go for vast sums but it would still be a desirable thing to have for keen collectors.

They seem to go for fairly respectable amounts at the moment.

I picked up a redeemed 5BTC 2012 coin for about $10 because the seller hadn't included Casascius in the listing. That type has sold for over $100 quite a few times now.

[BurtW]

Even the opened ones may become more valuable now:

http://www.wired.com/wiredenterprise/2013/12/casascius/?cid=co15653054

So if you have or just bought an opened coin - hold on to it and see how this all shakes out.

[hoffmabc]

What's the best way to ensure the coin is real?

[luke.watson]

What's the best way to ensure the coin is real?

Buy from legit reseller and check the code is part of casascius's official list of funded addresses

Not fool proof but it's a good way to be sure

http://casascius.appspot.com/

[gentlemand]

The coin I bought didn't have a code. More than half of the redeemed ones I've seen for sale are just for the coin itself and don't include the remains of the hologram or what was underneath. That might well count for values in the future too.

Unless there is a hologram or a shipping note or receipt from the man himself, I think the biggest help would be being able to prove when you bought it. There've only been rumblings of counterfeits for the first time in recent days and that might only be the holograms. If you can show anyone that you eventually sell it to that it was bought around now or before that clears up a lot of doubts.

If you get one off Ebay take a screenshot of the sale. If you get one from someone on here then save that thread somehow. Perhaps the best combo is a sale from a trusted person on here.

[johnniewalker]

If you have any redeemed coins please contact me-I'll give you 1 oz+ per basic coin, more depending on what you have.

I will tell people on here (since its a community) that it probably isn't worth it to buy a redeemed coin as a collector's item. Why? You won't find them for cheap anywhere! I collected redeemed coins starting a long time ago, foreseeing a desire for them from eBay bitcoiners (aka n00bs x 1932423). Sure enough, I've recently sold 3 BLANK, redeemed coins on eBay for over $100/ea. They read about bitcoins in the news and they want to grab their piece of it. Little do they know : /

[luke.watson]

If you have any redeemed coins please contact me-I'll give you 1 oz+ per basic coin, more depending on what you have.

I will tell people on here (since its a community) that it probably isn't worth it to buy a redeemed coin as a collector's item. Why? You won't find them for cheap anywhere! I collected redeemed coins starting a long time ago, foreseeing a desire for them from eBay bitcoiners (aka n00bs x 1932423). Sure enough, I've recently sold 3 BLANK, redeemed coins on eBay for over $100/ea. They read about bitcoins in the news and they want to grab their piece of it. Little do they know : /

I've seen a better waste of money, there are copper physical bitcoins

http://coppercave.com/copper/index.php?_a=viewProd&productId=744

They're selling, yes actually being sold at £500 here in the UK

Just had a look on ebay to find them - either listing removed or he managed to shift all 10

Either way last time I checked he had sold 2 of them, probably close to £990 profit if not more...

[BurtW]

Even if FinCEN prevents Mike from selling the coins with BTC on them there should be nothing they can do to prevent him from selling the blanks.  I am sure he has thousands of blanks.  So, in my mind, blanks will not be worth that much.  An opened coin, with the sticker still available in the opened state might be worth something.

[gentlemand]

I don't think a blank will ever be a proper investment. They will always have a value as an interesting collectible though. 100 trillion dollar Zimbabwe notes were worth around 15p. They sell for about £5-10 on Ebay all day long.

I saw one person selling copper bitcoins was adding 0.01 of the real deal to 'sweeten' the transaction.

[The 4ner]

I am not sure if this is where to add this question, but I am purchasing some Casascius coins (redeemed) because they're cool as a novelty. I am wondering if they also have any value beyond this?

What redeemed coins do you own? I'll purchase one or two if you have any. PM me.

[DrahogErusiel]

ill take a few to  (see how worthless they are)

[bitmarket.io]

Sex sells.