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[BayAreaCoins]

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[demonmaestro]

How the hell did you get your hands on that?

Shiny

[nitehawk]

so the btc have been redeemed?

[iSnow]

The 500BTC bar has been redeemed.

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

[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".

[htspringer]

I would be very wary of purchasing anything that is protected only by a hologram sticker.
These prices are absurd.  For one million dollars, there are plenty of thieves that would go to great lengths to counterfeit hologram stickers.  For those prices, the bearer bars themselves would be easy to counterfeit.

[htspringer]

I would be very wary of purchasing anything that is protected only by a hologram sticker.
These prices are absurd.  For one million dollars, there are plenty of thieves that would go to great lengths to counterfeit hologram stickers.  For those prices, the bearer bars themselves would be easy to counterfeit.

Have to be one bold ass thief selling a plated gold bar that didn't have any BTC on it for 1,100BTC.  Bitcoin was once worthless all the way to being worth over $1000.  This might not be the item for you guys, but I can promise you there is someone out there who would like this item.  Call the world record book because this might be the most expensive paper weight on the market, but I do think it has value.

Also I can assure you this isn't counterfeit and why would a criminal knock off something there is only 2 of in the whole world.  That means a collector only has to know 1 other one or own 2 things and any other 500BTC bar in the world could be spotted as a fake.

Thanks is like trying to sell a 1/1 painting in a museum in France to an American museum. LoL This item is "counterfeit proof" per say.  If you think the price is bad then go buy a different redeemed 500BTC bar

OK, I see your point.
But, counterfeiting aside, One million dollars is a ridiculous price for a redeemed bar.  I've seen redeemed 100 BTC bars on ebay selling for less than $200.  That was a few months ago.  I don't think the prices have escalated that much in a few months.

I don't doubt that Casascius tokens are collectible...
There is a demand... i's just that your perception of their value is grossly inflated.

[steelboy]

Very interesting. As a collector I think the price is way too high also. Still keeping my eye on this....

[nitehawk]

so the btc have been redeemed?

Then 100BTC bar is loaded still.

The 500BTC bar has been redeemed.

Thanks for asking

thats what i was trying to figure out why would someone pay that much for an empty coin and a gold plated one at that .. no btc means it would be more or less a paper weight ...
i have a few challenge coins from the military does that make them as valuable as only a few are ever handed out??

[htspringer]

so the btc have been redeemed?

Then 100BTC bar is loaded still.

The 500BTC bar has been redeemed.

Thanks for asking

thats what i was trying to figure out why would someone pay that much for an empty coin and a gold plated one at that .. no btc means it would be more or less a paper weight ...
i have a few challenge coins from the military does that make them as valuable as only a few are ever handed out??

BayAreaCons obviousoly has no idea what makes something valuable.  Rarity is not the only criterion.  It's obvious that Casascius coins are gaining value as collectibles, but not nearly as much as this guy believes.  I doubt that he could get over 1 bitcoin for that redeemed bar.  That would still be a very expensive paperweight.

[steelboy]

so the btc have been redeemed?

Then 100BTC bar is loaded still.

The 500BTC bar has been redeemed.

Thanks for asking

thats what i was trying to figure out why would someone pay that much for an empty coin and a gold plated one at that .. no btc means it would be more or less a paper weight ...
i have a few challenge coins from the military does that make them as valuable as only a few are ever handed out??

BayAreaCons obviousoly has no idea what makes something valuable.  Rarity is not the only criterion.  It's obvious that Casascius coins are gaining value as collectibles, but not nearly as much as this guy believes.  I doubt that he could get over 1 bitcoin for that redeemed bar.  That would still be a very expensive paperweight.

I am 100% sure he would get over 1.

[htspringer]

so the btc have been redeemed?

Then 100BTC bar is loaded still.

The 500BTC bar has been redeemed.

Thanks for asking

thats what i was trying to figure out why would someone pay that much for an empty coin and a gold plated one at that .. no btc means it would be more or less a paper weight ...
i have a few challenge coins from the military does that make them as valuable as only a few are ever handed out??

BayAreaCons obviousoly has no idea what makes something valuable.  Rarity is not the only criterion.  It's obvious that Casascius coins are gaining value as collectibles, but not nearly as much as this guy believes.  I doubt that he could get over 1 bitcoin for that redeemed bar.  That would still be a very expensive paperweight.

I am 100% sure he would get over 1.

I saw 2 or 3 redeemed 100 btc bars go on ebay for slightly over $200 each... that was about 2-3 months ago.  Perhaps the 500 bitcoin bar is much rarer.  Be that as it may, I would be curious to see what he could actually sell it for.  I think paying 1 bitcoin for it would be a poor investment, given the fact that in one year one bitcoin will probably be worth $5,000 - $10,000.

Please explain to me why anyone would pay money for a redeemed Casascius token.  I don't get it.

[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

[BayAreaCoins]

I doubt that he could get over 1 bitcoin for that redeemed bar.  That would still be a very expensive paperweight.

Want to make a bet with escrow? 

[Littleshop]

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. 

[MRKLYE]

I offer 2 Klyecascius Sparklecoins (2/2 ever made) for both pieces.

[Littleshop]

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

[nitehawk]

should also point out that was for a legit charity which would explain the price and for legit charity's you get a tax break...

[Littleshop]

should also point out that was for a legit charity which would explain the price and for legit charity's you get a tax break...

True, and sold by Casascius himself as well.  So maybe that inflated the price further. 

[jonanon]

Perhaps you may find a buyer at that price if the bar was still loaded, but this is just crazy.

Best of lunch anyway.