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Author Topic: [WTS] Casascius coins, unredeemed fully funded  (Read 1302 times)
lucky7slick
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January 07, 2014, 10:02:58 PM
Last edit: January 08, 2014, 06:16:00 PM by lucky7slick
 #1

2011 BTC1 with holo-error, asking BTC3.5

2011 BTC25 without holo-error, asking BTC30

2012 BTC5 with holo-error, asking BTC7.5

2013 BTC1 with Silver/Gold trim, asking BTC3.0


All coins were purchased from "gonefishing510" and I will only use him for escrow or we can meet up locally. I am located in Sacramento California, USA.


Looking for a trusted escrow, anyone?
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phoenixsilverbird
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January 07, 2014, 11:17:05 PM
 #2

A 1 bitcoin casacius is not worth 3.5 BTC.
Plus, you are obviously a scam.
The fact that you will only one person as an escrow shows they are in on your tricks and possibly earning a percentage too.

I don't care what people say but 2000 USD more than the coin's bitcoin value is an absolute ripoff.

I suggest you immediately re-locate to somewhere where it rains 100 dollar notes so people can afford your scam 'collector's items'.

icey
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January 07, 2014, 11:20:12 PM
 #3

A 1 bitcoin casacius is not worth 3.5 BTC.

You're obviously clueless, please move along and take your trolling elsewhere.
melacs
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January 07, 2014, 11:20:28 PM
 #4

What is a holo-error? Embarrassed
phoenixsilverbird
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January 07, 2014, 11:23:24 PM
 #5

A 1 bitcoin casacius is not worth 3.5 BTC.

You're obviously clueless, please move along and take your trolling elsewhere.

This isn't a troll.
What, some people will seriously pay that much for this?
I haven't spent my 2 weeks on here for nothing, I've already made a purchase and provided advice to people.

And so what is a holo error(seconded).

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January 07, 2014, 11:26:08 PM
 #6

A 1 bitcoin casacius is not worth 3.5 BTC.

You're obviously clueless, please move along and take your trolling elsewhere.
And so what is a holo error(seconded).

Casascius is spelt wrong on the hologram on early coins.
phoenixsilverbird
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January 07, 2014, 11:30:55 PM
 #7

Ok. Thanks.
But why are people paying an extra 2K USD for something worth 800 USD?

lucky7slick
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January 07, 2014, 11:48:21 PM
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Obviously most people are clueless about these coins. Even hero members and long time trusted folks on this forum turn out to be scammers. Anyone here knows where John K is right now and what he is doing with other peoples bitcoin that he's holding? Exactly. At least I know I've met my escrow in person.
phoenixsilverbird
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January 07, 2014, 11:55:06 PM
 #9

So why are these coins so highly valued?

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January 08, 2014, 12:07:50 AM
 #10

So why are these coins so highly valued?

They were the first Physical Bitcoins ever made. Casascius Bitcoin value is pegged to BTC not USD, so when they were first sold for around 2 BTC, there was about a $5 Premium, as that was around what the BTC rate was at. They have become more rare as people redeemed them, and they were spread out amongst the growing community's population, and they are still pegged to that BTC value, which as since increased. A few of them have sold for as high as 5 BTC, but 3-3.5 is within reason for them. Casascius has since been shut down for AML reasons, and people are speculating the value of Casasicus coins if he is shut down permanently or not. The 2011 Error coins were a limited batch, sold by the first and most popular physical Bitcoin manufacturer, so they could either be worth a whole lot in the future, or about the same as they are selling for now.

phoenixsilverbird
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January 08, 2014, 12:10:06 AM
 #11

How does one redeem such a coin?

Also, by AML do you mean the type of leukaemia?

MiningBuddy
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January 08, 2014, 10:44:45 AM
 #12

How does one redeem such a coin?

Also, by AML do you mean the type of leukaemia?
You redeem them by peeling the sticker off at the back to reveal a private key which you can import into a wallet and spend the coins.

AML is referring to anti money laundering laws.

phoenixsilverbird
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January 08, 2014, 10:53:10 AM
 #13

How does one redeem such a coin?

Also, by AML do you mean the type of leukaemia?
You redeem them by peeling the sticker off at the back to reveal a private key which you can import into a wallet and spend the coins.

AML is referring to anti money laundering laws.

Oh, OK, thanks.
It puzzles me that people will buy something so small for such a high price and has no value to non-bitcoin fanatics.

geoffreyqp
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January 08, 2014, 10:54:32 AM
 #14

How does one redeem such a coin?

Also, by AML do you mean the type of leukaemia?
You redeem them by peeling the sticker off at the back to reveal a private key which you can import into a wallet and spend the coins.

AML is referring to anti money laundering laws.

Oh, OK, thanks.
It puzzles me that people will buy something so small for such a high price and has no value to non-bitcoin fanatics.

like anything collectible in this world ur statement is true i suppose
phoenixsilverbird
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January 08, 2014, 11:15:04 AM
 #15

Yes, but if I take gold or silver to an ordinary person they will see that it has value (federal reserves) and they'd be interested in buying for a good price

If I take this coin to the same people who are not interested in or do not know about bitcoins, the maximum they would pay is a little bit above the value of the bitcoin on the coin itself (manufacture and profit costs for manufacturers (~20$). This is so they can redeem the bitcoins and keep the physical coin understanding that the fact that it is physical means they must pay a LITTLE extra for its making.


Certainly not 2000$.

geoffreyqp
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January 08, 2014, 11:21:10 AM
 #16

if you take a baberuth signed baseball it's also just a baseball. so what's your point?

i have zero interest in baseball or baberuth. but i would buy it for slightly under marketvalue just so i can resell it to people interested in it.

you sir keep making the same point over and over again, and it's been refuted.
SaltySpitoon
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January 08, 2014, 04:28:36 PM
 #17

Yes, but if I take gold or silver to an ordinary person they will see that it has value (federal reserves) and they'd be interested in buying for a good price

If I take this coin to the same people who are not interested in or do not know about bitcoins, the maximum they would pay is a little bit above the value of the bitcoin on the coin itself (manufacture and profit costs for manufacturers (~20$). This is so they can redeem the bitcoins and keep the physical coin understanding that the fact that it is physical means they must pay a LITTLE extra for its making.


Certainly not 2000$.

I've seen a few silver pieces and many many gold pieces sell for far more than a $2000 premium. It has to do with what people are willing to pay for them.

htspringer
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January 08, 2014, 05:02:11 PM
 #18

A 1 bitcoin casacius is not worth 3.5 BTC.

You're obviously clueless, please move along and take your trolling elsewhere.
And so what is a holo error(seconded).

Casascius is spelt wrong on the hologram on early coins.
You "spelt" is spelled wrong.
htspringer
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January 08, 2014, 05:20:54 PM
 #19

How does one redeem such a coin?

Also, by AML do you mean the type of leukaemia?
You redeem them by peeling the sticker off at the back to reveal a private key which you can import into a wallet and spend the coins.

AML is referring to anti money laundering laws.

Oh, OK, thanks.
It puzzles me that people will buy something so small for such a high price and has no value to non-bitcoin fanatics.
I think your suspicions are warranted.
Casascius coins are approaching their peak in price, because they are too easy to counterfeit.  Six people are bidding on a 25 bitcoin REDEEMED Casascius coin right now on ebay, and the price is over $600.  I can only assume that someone is planning on counterfeiting a hologram and re-selling the coin for a huge profit.
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January 08, 2014, 05:44:24 PM
 #20

2011 BTC1 with holo-error, asking BTC3.5

2011 BTC25 without holo-error, asking BTC30

2012 BTC5 with holo-error, asking BTC7.5

2013 BTC1 with Silver/Gold trim, asking BTC3.0


All coins were purchased from "gonefishing510" and I will only use him for escrow or we can meet up locally. I am located in Sacramento California, USA.



How many 2013 silver 1 btc coins were made?
For someone to pay 3.0 bitcoin for a one bitcoin token, it would need to be rare.
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