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Author Topic: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic)  (Read 118778 times)
ercolinux
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January 01, 2013, 02:16:43 PM
 #561

Mike, is it possible to buy a batch of coins, then resell them and have them funded only after the customer receives them? This could be done in batches of course. Maybe weekly or in batches of 10 coins to reduce your workload.

This would simplify shipping and reduce risk.


This is undesirable, as then untampered but unfunded coins could be in circulation, making the whole coinage untrustable. This is a previously posited perfunctory purloining procedure.

IMHO this is not a problem: before accepting a coin you can check if is funded easily

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molecular
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January 01, 2013, 03:37:56 PM
 #562

Mike, is it possible to buy a batch of coins, then resell them and have them funded only after the customer receives them? This could be done in batches of course. Maybe weekly or in batches of 10 coins to reduce your workload.

This would simplify shipping and reduce risk.


This is undesirable, as then untampered but unfunded coins could be in circulation, making the whole coinage untrustable. This is a previously posited perfunctory purloining procedure.

This is already the case because for international orders, mike doesn't fund the coins until they arrive. One could just tell him the coins got lost and would have a batch of unfunded coins.

Insuring a tracked letter for up to €100 costs €1.50 from where I send. I offer this option for shipments cointaining 3 or more coins. This is roughly 30% of shipping cost for the orders I process of this kind.

Being able to send unfunded coins would reduce the shipping cost even further (no tracking necessary), for example for a batch of 3 to 5 coins from €5 to €1.50. This is substantial: it would reduce the per-coin cost for the customer by BTC 0.11 (3 coins), BTC 0.07 (5 coins).

I guess this depends on the cost on Mikes side to manage lost unfunded coins and his willingness to offer this. If it's too much hassle / risk of having unfunded coins in circulation I can understand and will just go with insured letters or carry the risk of loss myself and accept a higher price for the customer.

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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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January 01, 2013, 06:10:39 PM
 #563

Actual lost shipments are exceedingly rare.

Lost shipments are rare enough that, percent to total, one is far better off just taking their chances than paying for insurance, especially on a small order.

I don't honor requests for "sorry they never arrived, please send my bitcoins elsewhere", except unless they've chosen Express shipping and I can determine the package never made it (which happened once - and then the original package surfaced 6 months later).

I am willing to bend (but not without a fee) on allowing the larger denominations in the wild unfunded as a last resort, because people are less likely to pass them off fraudulently as payment to someone else who wouldn't check the balance or maintain recourse.  On the 1 and 5 BTC coins, not so much.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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January 01, 2013, 06:20:02 PM
 #564

I think it would set a bad precedent if coins (with official holograms) were originally funded by anyone other than yourself. 

Casascius coins rely on trust - trust in you - and any unfunded coins making their way into the wild could harm this.


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January 01, 2013, 08:44:41 PM
 #565

Actual lost shipments are exceedingly rare.

Lost shipments are rare enough that, percent to total, one is far better off just taking their chances than paying for insurance, especially on a small order.

I don't honor requests for "sorry they never arrived, please send my bitcoins elsewhere", except unless they've chosen Express shipping and I can determine the package never made it (which happened once - and then the original package surfaced 6 months later).

I am willing to bend (but not without a fee) on allowing the larger denominations in the wild unfunded as a last resort, because people are less likely to pass them off fraudulently as payment to someone else who wouldn't check the balance or maintain recourse.  On the 1 and 5 BTC coins, not so much.

allright, understood.

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January 03, 2013, 11:26:09 AM
 #566

are there ANY type 1 bitcoins left?
seriously interested in ~20 of them.
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January 03, 2013, 11:45:08 AM
 #567

are there ANY type 1 bitcoins left?
seriously interested in ~20 of them.

they are rare already. I sold one for BTC 2 recently and another one on bitmit is at BTC 1.95. Only have 3 left, so I can't make you an offer ;(.

There should be something like 6000 out there.

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January 03, 2013, 01:20:57 PM
 #568

are there ANY type 1 bitcoins left?
seriously interested in ~20 of them.

they are rare already. I sold one for BTC 2 recently and another one on bitmit is at BTC 1.95. Only have 3 left, so I can't make you an offer ;(.

There should be something like 6000 out there.

There are 5,401 active 1 BTC v1 coins in circulation.  Grin

JordanL
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January 04, 2013, 09:42:16 AM
 #569

Got my stash of physical coins... they're really cool. The 10BTC is just gorgeous, and the 25BTC and the gold bricks are sweet too. I also got a bunch of empty coins to use in the future, they are as good as advertised! Love them all, perfect condition, super fast service/shipping. Bricks and small coins are perfect for gifts. Bigger coins are mine, all mine. bwahahahahaha

Thanks casascius! You're providing an invaluable service to the community.
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January 04, 2013, 09:53:54 AM
 #570

Hi Cas

Have you many of the BTC10 rounds left that have the gold "B"? I see you are running low on the normal version of the coin and I don't want to miss out on the gold plated version Smiley

Thanks

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January 04, 2013, 01:56:08 PM
 #571

Mike, on casascius.com under "Other ways to get Casascius Coins (payment methods vary)" you have link to eBay search.

Why not link a BitMit search as well? (for example: https://www.bitmit.net/en/q/?q=casascius)


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Mike Caldwell
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January 04, 2013, 05:30:16 PM
 #572

Mike, on casascius.com under "Other ways to get Casascius Coins (payment methods vary)" you have link to eBay search.

Why not link a BitMit search as well? (for example: https://www.bitmit.net/en/q/?q=casascius)

Good idea.  I mainly thought of adding links so people could buy with fiat, but people buying with BTC from a local seller and saving on shipping is something I'll promote as well.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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January 04, 2013, 06:56:32 PM
 #573

If you want to add my thread it is https://bitcointalk.org/index.php?topic=131828.0

1.4 btc (converted to usd) and cheapest I can find signature shipping methods

PayPal and credit cards

Mainly targeting us orders but if someone is willing to pay postage for signature confirmation to a foreign addresses I'll do that as well

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January 05, 2013, 05:09:47 PM
 #574

Slab-a-dab-dab:


Thursday
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January 06, 2013, 05:50:06 AM
 #575

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Nicely done.

I just put my singles in capsules as well.  I know they don't need it but I'm a dork like that.



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January 06, 2013, 06:44:42 AM
 #576

Slab-a-dab-dab:




Nicely done.

I just put my singles in capsules as well.  I know they don't need it but I'm a dork like that.





that's a good idea, if you touch them with your hands they start looking old and not as shinny Tongue

molecular
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January 06, 2013, 09:23:30 AM
 #577

that's a good idea, if you touch them with your hands they start looking old and not as shinny Tongue

it is: the material will darken considerably over time. I don't know wether it's just from exposure to air or due to touching. I'm assuming the acids or whatever from fingers plays a large role: one of the series 1 coins I have has darkened considerably more than the other 2 I have left. It's probably the one I carried around in my wallet.

What I do for coins I intend to resell: I put them into little (40 x 60 mm) ziploc bags using gloves. This is also good for taping them onto a letter for shipping.

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January 07, 2013, 02:09:38 AM
 #578

I think the oils from our hands acts as a catalyst to the tarnishing.  Probably gives it a more unique patina, but either way the tarnishing is inevitable on brass.  Unless you strip it of oils and give it a lacquer coat or airtight capsules.

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January 08, 2013, 03:47:25 AM
 #579

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Absolutely beautiful. I would love to get one of the gold BTC 10 BTC coins once I have the money for it.
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January 14, 2013, 10:44:27 AM
 #580

Importing 100 Brass Tokens with Hologram to Germany

So my 100 1-BTC casascius coins had been held at the customs office in Hamburg because the German Post wasn't able to declare them (reason given: no invoice attached to outside of package).

I went there to declare it myself. After "getting a number", the usual procedure when dealing with german bureaucracy. My number was called and a girl in her twenties showed me the package and asked what was in it. I said it cointained Brass Holograms with no monetary value and pointed to the customs number on Mikes invoice.

She told me to open the package (which was actually 3 packages inside of each other, Mike packed it really well). I put the 2 heavy rolls of 50 Coins onto the table: "here we go.". She looked at them and saying I should sit down and wait, she would check. She went to the backroom.

While waiting it dawned on me she was actually doing her job and probably googling bitcoin. I wasn't wrong: after 25 minutes she came back with a printout of the order form casascius.com. She had entered "100" into the first text-box (1 BTC Casascius Coin). She asked me how much 1 Bitcoin was worth and I told her: "currently you can get about €11 for one".

OH SHIT!

My fear was unfounded: since she had already read that Mike would load them after I had received them it wasn't very hard to convince her that what I actually had bought were blanks. (Not ocrrect, since the blanks don't have holograms. She could've had me right there!). However she kept asking how much I had payed. I argued that I knew Mike and he had given me the coins as a present and I would load the up myself.

So she went to the backroom again (she said she had talked to higher-ups before and would have to do so again) for another 20 minutes. She came back with a calculation of value: 100 * BTC 0.05 * 11 €/BTC = 55€ + 30.82 € shipping (yes, you have to pay import sales tax on the shipping!!!) = BTC 85.82. That would be 7% = €6.11 please. (She even had a printout of some exchange site to back up the 11€ exchange rate.)

PHEW!

So I payed up and asked wether our business was now conducted, put another 1 BTC coin I had with me on the counter and stated it clearly wouldn't be considered a bribe if I gave her this coin. I saw her hand make a micro-move towards the coin before she had to say: "Sorry, I'm not allowed to, but thanks a lot!"

So I guess some people at the Customs office in Hamburg might be looking into Bitcoin now Wink

Problematic points where:

  • The invoice Mike sent me couldn't be used because it was "proforma" (didn't get around to ask what could be improved)
  • It says "gift" on the Customs Declaration... then why did I have an invoice?
  • I didn't have documentation of any payment. (Actually I could've pointed to a BTC 112 transaction but that wouldn't have been advisable)
  • The "Blanks" on Mikes order page have no hologram, the ones I imported however, do.

needless to say: I'm reselling Casascius Series 1 physical bitcoins (1 BTC) using my thread here (bitmit escrow is too hot a potato currently)

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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