pending

[htspringer]

Here is a little guidance on price.....

A redeemed 1000 BTC bar sold for $8600, at the moment somewhere around 10 BTC. 

http://www.ebay.com/itm/Casascius-2011-Gold-Plated-Bitcoin-Bar-1000-BTC-Redeemed-/171207044206?pt=US_World_Coins&hash=item27dcbc2c6e

Thanks for the information.
That is still much higher than I expected for a redeemed token.

[1714777365]

1714777365

[BayAreaCoins]

Here is a little guidance on price.....

A redeemed 1000 BTC bar sold for $8600, at the moment somewhere around 10 BTC. 

http://www.ebay.com/itm/Casascius-2011-Gold-Plated-Bitcoin-Bar-1000-BTC-Redeemed-/171207044206?pt=US_World_Coins&hash=item27dcbc2c6e

Thanks for the information.
That is still much higher than I expected for a redeemed token.

Thank you very much Littleshop! If you have a dogecoin wallet I would sure tip you

[steelboy]

http://www.ebay.com/itm/171207044206

Not as rare but still a decent price. Based on this (remember this was auctioned for charity so would make a higher price), i would say the 500 redeemed is maybe worth 10k. 1100BTC (or anything close to it), is insane

Looks like you must have missed it when I linked to it.

[BayAreaCoins]

http://www.ebay.com/itm/171207044206

Not as rare but still a decent price. Based on this (remember this was auctioned for charity so would make a higher price), i would say the 500 redeemed is maybe worth 10k. 1100BTC (or anything close to it), is insane

Looks like you must have missed it when I linked to it.

Rofl my bad! Same goes to you


Thank you very much.  I am totally stoked to have a opportunity to broker a couple of these coins.

Trying to work out how best to deliver the coin and honestly I'm kind of drawing a bit of a blank.  Is there any members that are very trusted who would be interested in insuring the value of the BTC bar during transportation?  This can totally be through JohnK.

Here is what I am worried about:

If buyer A escrows the money with escrow agent B and seller C issues the bar to myself.  I get on my Delta flight and the fucking plane crashes with the bar and I on it.  I am worried about how the escrow agent would handle this....  I am going to call Lloyds of London (www.lloyds.com) as soon as I can, but I figured I would ask here first. I'm sure there are a million different bull shit regulations that has to do with this and I am not interested in reading it

Thanks guys

Edit:
Best thought I have had is to get a life insurance plan naming the seller the beneficiary... but I really would rather pay someone some BTC on a successful trip rather than fucking get poked with a needle! (But I will if need be I guess)  

[steelboy]

http://www.ebay.com/itm/171207044206

Not as rare but still a decent price. Based on this (remember this was auctioned for charity so would make a higher price), i would say the 500 redeemed is maybe worth 10k. 1100BTC (or anything close to it), is insane

Looks like you must have missed it when I linked to it.

Rofl my bad! Same goes to you


Thank you very much.  I am totally stoked to have a opportunity to broker a couple of these coins.

Trying to work out how best to deliver the coin and honestly I'm kind of drawing a bit of a blank.  Is there any members that are very trusted who would be interested in insuring the value of the BTC bar during transportation?  This can totally be through JohnK.

Here is what I am worried about:

If buyer A escrows the money with escrow agent B and seller C issues the bar to myself.  I get on my Delta flight and the fucking plane crashes with the bar and I on it.  I am worried about how the escrow agent would handle this....  I am going to call Lloyds of London (www.lloyds.com) as soon as I can, but I figured I would ask here first. I'm sure there are a million different bull shit regulations that has to do with this and I am not interested in reading it

Thanks guys

Edit:
Best thought I have had is to get a life insurance plan naming the seller the beneficiary... but I really would rather pay someone some BTC on a successful trip rather than fucking get poked with a needle! (But I will if need be I guess)  

I would suggest that if someone is going to pay that much money they would probably come to you. I would anyway

[BayAreaCoins]

http://www.ebay.com/itm/171207044206

Not as rare but still a decent price. Based on this (remember this was auctioned for charity so would make a higher price), i would say the 500 redeemed is maybe worth 10k. 1100BTC (or anything close to it), is insane

Looks like you must have missed it when I linked to it.

Rofl my bad! Same goes to you


Thank you very much.  I am totally stoked to have a opportunity to broker a couple of these coins.

Trying to work out how best to deliver the coin and honestly I'm kind of drawing a bit of a blank.  Is there any members that are very trusted who would be interested in insuring the value of the BTC bar during transportation?  This can totally be through JohnK.

Here is what I am worried about:

If buyer A escrows the money with escrow agent B and seller C issues the bar to myself.  I get on my Delta flight and the fucking plane crashes with the bar and I on it.  I am worried about how the escrow agent would handle this....  I am going to call Lloyds of London (www.lloyds.com) as soon as I can, but I figured I would ask here first. I'm sure there are a million different bull shit regulations that has to do with this and I am not interested in reading it

Thanks guys

Edit:
Best thought I have had is to get a life insurance plan naming the seller the beneficiary... but I really would rather pay someone some BTC on a successful trip rather than fucking get poked with a needle! (But I will if need be I guess)  

I would suggest that if someone is going to pay that much money they would probably come to you. I would anyway

For sure, but lets say Vladimir Putin wants to buy it for his teenage son (I don't know if he has a son.)  I am sure he could pay someone to fly out to America, get the bar and then fly home to Russia.  What if the son doesn't like it? Now he has to pay for someone to do it all over again!  With me taking the bar as long as the funds are in a safe place for my client to receive the fund then if the buyer sees the bar and decides they don't want it I can happily issue a refund minus expenses.

I would much rather the person comes to us because then I can pick them up from the Airport knowing that TSA has already checked out the dicks and everything

I am actually happy to do the deal on the inside of the security! This means I would have to by a plane ticket and go through security at the airport.  It is totally fine to take large sums of cash on domestic flights. It is just on international flights you have to declare what you have.

I charge $60 a hour counting the cash you bring.  The first hour is free though of course    


Edit:
Bitcoins are obviously preferred.

[htspringer]

The 500BTC bar has been redeemed.

who in their right minds would pay $1m for an empty bar?

Kinda like saying who would pay for rare art is only paint and canvas.  There is only one other 500BTC bar out there besides this one. 

Your prices are laughable.
A redeemed Casascius bar is not "rare art".

By the numbers most people would consider this rare.  1 of 2.  While I find the price high I can not argue with the rareness. 

Rareness alone does not determine that value of a collectible.  That is only one element.  For example, The 10 bitcoin Casascius silver rounds... The gold plated ones are more rare than the all-silver ones, but are fetching less money (by what I've been hearing).

[BayAreaCoins]

The 500BTC bar has been redeemed.

who in their right minds would pay $1m for an empty bar?

Kinda like saying who would pay for rare art is only paint and canvas.  There is only one other 500BTC bar out there besides this one. 

Your prices are laughable.
A redeemed Casascius bar is not "rare art".

By the numbers most people would consider this rare.  1 of 2.  While I find the price high I can not argue with the rareness. 

Rareness alone does not determine that value of a collectible.  That is only one element.  For example, The 10 bitcoin Casascius silver rounds... The gold plated ones are more rare than the all-silver ones, but are fetching less money (by what I've been hearing).

I don't know how to say this without sounding like a dick, but the price of this item is 100% based on what my client wants for it seeing that he is the only one in the whole world with this item!  There is only one 500BTC redeemed gold bar.  If it doesn't sell I imagine he is totally happy keeping it in the secure locations that it is in and passing it as a family treasure.

[calim]

I'm confused by some of the replies in this thread.  Wouldn't most of you, particularly the guy, not BAC, who's a coin seller WANT this to sell for as much as possible as it would help his business out too?  Wouldn't that not only set a market price but help further legitimize the collectibles market?

[steelboy]

The 500BTC bar has been redeemed.

who in their right minds would pay $1m for an empty bar?

Kinda like saying who would pay for rare art is only paint and canvas.  There is only one other 500BTC bar out there besides this one. 

Your prices are laughable.
A redeemed Casascius bar is not "rare art".

By the numbers most people would consider this rare.  1 of 2.  While I find the price high I can not argue with the rareness. 

Rareness alone does not determine that value of a collectible.  That is only one element.  For example, The 10 bitcoin Casascius silver rounds... The gold plated ones are more rare than the all-silver ones, but are fetching less money (by what I've been hearing).

I don't know how to say this without sounding like a dick, but the price of this item is 100% based on what my client wants for it seeing that he is the only one in the whole world with this item!  There is only one 500BTC redeemed gold bar.  If it doesn't sell I imagine he is totally happy keeping it in the secure locations that it is in and passing it as a family treasure.

Which is what will happen as no-one is going to pay 1100BTC for it. Nice thing to own though, hope he/she enjoys it

[htspringer]

The 500BTC bar has been redeemed.

who in their right minds would pay $1m for an empty bar?

Kinda like saying who would pay for rare art is only paint and canvas.  There is only one other 500BTC bar out there besides this one. 

Your prices are laughable.
A redeemed Casascius bar is not "rare art".

By the numbers most people would consider this rare.  1 of 2.  While I find the price high I can not argue with the rareness. 

Rareness alone does not determine that value of a collectible.  That is only one element.  For example, The 10 bitcoin Casascius silver rounds... The gold plated ones are more rare than the all-silver ones, but are fetching less money (by what I've been hearing).

I don't know how to say this without sounding like a dick, but the price of this item is 100% based on what my client wants for it seeing that he is the only one in the whole world with this item!  There is only one 500BTC redeemed gold bar.  If it doesn't sell I imagine he is totally happy keeping it in the secure locations that it is in and passing it as a family treasure.

As I've explained before, rarity is not the only thing that makes something valuable. You've been offered  2 Klyecascius Sparklecoins for your bars... those are rare too. 

[ocean59]

 It is totally fine to take large sums of cash on domestic flights. It is just on international flights you have to declare what you have.

This isn't entirely true, you may want to do some research. While it is in theory legal to do so, there have been several reports over the last 5 years of money being confiscated on domestic flights from businessmen, gamblers, etc. and then they have to go through a very long and uncomfortable process to get it back.

[Gatekeeper]

1,100 btc for an empty 500btc bar is absurd, no one in their right mind would buy that.

So an empty 1000 bar sold for about 10btc and your client wants 1,100btc for a 500 bar, lmao what a joke, tell the guy to wake up.

[Hfleer]

Are they asking 10 or 100 times what some think it's worth?  I'm sure some here would love to get it if it was super cheap, but then again it's supply and demand.  All silver ones sound good since plated things often regarded as cheap I think.

[htspringer]

Are they asking 10 or 100 times what some think it's worth?  I'm sure some here would love to get it if it was super cheap, but then again it's supply and demand.  All silver ones sound good since plated things often regarded as cheap I think.

IMO, 10 BTC is a hugely inflated price for an empty bar.  However, that is approximately what a 1,000 BTC empty bar sold on ebay.... so I guess that's the going rate.  Yes, this guy is trying to say that an empty, gold plated bar is worth 100 times that.

It's common for collectors to over-value their goods. 

[camolist]

IMO, 10 BTC is a hugely inflated price for an empty bar.  However, that is approximately what a 1,000 BTC empty bar sold on ebay.... so I guess that's the going rate.  Yes, this guy is trying to say that an empty, gold plated bar is worth 100 times that.

It's common for collectors to over-value their goods. 

i imagine it only sold for that value as it was a tax write off / donation....unless i am mixing two auctions up

[steelboy]

IMO, 10 BTC is a hugely inflated price for an empty bar.  However, that is approximately what a 1,000 BTC empty bar sold on ebay.... so I guess that's the going rate.  Yes, this guy is trying to say that an empty, gold plated bar is worth 100 times that.

It's common for collectors to over-value their goods. 

i imagine it only sold for that value as it was a tax write off / donation....unless i am mixing two auctions up

No, it was the same auction. I agree, i think that it would have been a lot less if it wasn't going to charity and coming directly from Mike himself

[willphase]

100 BTC redeemed bar went for around 1000 USD on ebay:

http://cgi.ebay.com/271333093833

so the 100 loaded bar can't be worth more than around 101 or 102 BTC.  At that price, I might be interested.  PM me if you want to discuss further.

Will

[Bobsurplus]

I'll take the funded 100 btc bar for 102.5 BTC

[htspringer]

A 100 bitcoin bar would have a face value of ~$95,000.  Given that much money at stake, I would require proof that the hologram sticker hadn't been tampered with...  I don't understand why anyone would have that level of confidence in such flimsey security.  It has been demonstrated that Casascius holograms, while tamper-resistent, are not tamper-proof.  $95,000 is a pretty big incentive for a lot of thieves.