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Author Topic: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic)  (Read 118979 times)
Richy_T
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November 20, 2013, 03:25:20 AM
 #861

Looks like my casacius coin must have been put away a little damp from when I took my flaming $100 picture and has picked up a few spots of corrosion. Anyone know the best way to clean it up?

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molecular
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November 20, 2013, 06:38:30 AM
 #862

One question about collectible value of the casascius coins

How much of a price premium people pay for a 1, 10, ... physical bitcoins versus the BTCUSD rate?

Remember that the coins sold for 1.20-1.25 BTC, but have 1BTC of digital currency. One would expect a coin to retain this value when resold. Spending the coin likely destroys the price premium paid for it (e.g., is a spent coin worth 0.25 BTC?).

Very interesting discussion above about premium (Chainsaw, oblovodov...)

Currently sitting on some 0.5 brass coins (bought when Mike was auctioning them off for around BTC 0.66). These are now sold by Mike for BTC 0.54, I think. I had been successfully selling them for BTC 0.89 (including worldwide shipping and goodies however) when Bitcoin was around $100.

They don't sell now anymore, too expensive.

On the other hand: If I had any of the 1 BTC ones left from 2011 (bought for 1.25 BTC?), I could've sold these for BTC 6 couple months ago. Don't know how much they'd sell for now (would be interesting to know)

So maybe one just has to wait it out. Probably going to sell some on Bitcoin Friday.

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geoffreyqp
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November 20, 2013, 07:00:15 AM
 #863

in interested in getting a couple of the 1btc silvers. or even the bronze.

can someone in the usa set up a group buy for these.
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November 20, 2013, 07:04:38 AM
 #864

Looks like my casacius coin must have been put away a little damp from when I took my flaming $100 picture and has picked up a few spots of corrosion. Anyone know the best way to clean it up?
I would say: don't even think about to clean a coin. It always comes with a loss in value. You might be able to make it more shiny but you can't increase the quality.
But also I've read about people who used brass-cleaner on Casascius coins... so you might get a different opinion of somebody else Wink

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November 20, 2013, 04:15:00 PM
 #865

You guys that got into the BTC frenzy early on are sooooooooo lucky. You have thousands of BTC just lying around in your wallets................ sooooooooooooooooooooooooooooooo lucky!!!!!!!!

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November 20, 2013, 04:37:00 PM
 #866

You guys that got into the BTC frenzy early on are sooooooooo lucky. You have thousands of BTC just lying around in your wallets................ sooooooooooooooooooooooooooooooo lucky!!!!!!!!

People that get involved now are still early adopters. In a year, someone is going to write the same thing about you.

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November 20, 2013, 06:44:37 PM
 #867

They don't sell now anymore, too expensive.

I've seen a pretty big uptick in the last few days on rolls of coins, probably in part due to the observation that someone just successfully sold two full rolls of 50 coins on eBay for $35,000 each (!) (which I calculated to be a $13,500 premium on the roll, or $270 per coin, based on the bitcoin value at the time).  Apparently the offer included a flight to Miami to do the deal in person, which suggested to me three things, 1) whoever did it was smart and eliminated the paypal fees and chargeback risk, 2) probably less risk for the buyer too, making it an appealing way for a sophisticated buyer to 'just get some damn coins", and 3) either the seller has a supply of buddy passes, flyer miles, or cheap airline tickets, or may well have just saved enough in paypal fees to do the deal in person that paying for a flight was an automatic no-brainer.

The two rolls appeared to sell in fairly quick succession (like 2 hours apart), and it seemed as though the 2nd roll was a one-click relisting of the first one, but I can't tell for certain because I couldn't find the exact start time of the two auctions.

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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November 21, 2013, 02:06:25 AM
 #868

So with the an exchange rate of lets say $600.. On a roll of 50 0.5btc coins, each has a premium of about $28 dollars. I was hoping that price would be adjusted down a little.. i'm guessing that's not likely now? Smiley
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November 21, 2013, 04:39:53 AM
 #869

i'm not exactly sure, but i think the 1st auction (and possibly the 2nd) were ended by the seller and not necessarily sold.
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November 21, 2013, 04:50:43 AM
 #870

i'm not exactly sure, but i think the 1st auction (and possibly the 2nd) were ended by the seller and not necessarily sold.

Can anyone confirm?  They look sold to me as Buy It Now.  (if I do a Completed LIstings search on "casascius roll", it appears with price in green - usually unsold/ended prices are red - and if I look at details, each says Sold for: US $35,000.00)... it's important to me to be relaying accurate info, and I definitely don't want to rely on this if I'm mistaken

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.
molecular
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November 21, 2013, 07:18:33 AM
 #871

They don't sell now anymore, too expensive.

I've seen a pretty big uptick in the last few days on rolls of coins, probably in part due to the observation that someone just successfully sold two full rolls of 50 coins on eBay for $35,000 each (!) (which I calculated to be a $13,500 premium on the roll, or $270 per coin, based on the bitcoin value at the time).  Apparently the offer included a flight to Miami to do the deal in person, which suggested to me three things, 1) whoever did it was smart and eliminated the paypal fees and chargeback risk, 2) probably less risk for the buyer too, making it an appealing way for a sophisticated buyer to 'just get some damn coins", and 3) either the seller has a supply of buddy passes, flyer miles, or cheap airline tickets, or may well have just saved enough in paypal fees to do the deal in person that paying for a flight was an automatic no-brainer.

The two rolls appeared to sell in fairly quick succession (like 2 hours apart), and it seemed as though the 2nd roll was a one-click relisting of the first one, but I can't tell for certain because I couldn't find the exact start time of the two auctions.


I sold a miner that wont ever mine more than 0.5 BTC on eBay (when BTC was at $140) for €600. People on eBay can be weird.

Why didn't this guy just order from you directly and save $13,500?

Maybe someone just wanting to get into Bitcoin any which way possible... and quick.

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November 21, 2013, 11:19:45 AM
 #872

Hey man from payment to being sent out what is the turn around time.?

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Mike Caldwell
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November 21, 2013, 03:07:12 PM
 #873

Hey man from payment to being sent out what is the turn around time.?

Relatively fast lately, consistently faster than the 7-10 day time window I have listed on my web site at least for now.

(For reference, whenever I bring out a new product, that is when I am slowest, as that brings a spike in volume)

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.
geoffreyqp
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November 21, 2013, 07:25:13 PM
 #874

when will u stop selling 2013's? and when will u start 2014's?
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November 21, 2013, 08:11:54 PM
 #875

when will u stop selling 2013's? and when will u start 2014's?

I will probably stop selling the 2013's when I run out of the materials.  On some, I'm almost out.

The silver 1oz's are almost gone.  Down to the last few hundred.  I expect to run out before year end and then not have any 1oz silvers for a while.  It will probably be my last 1oz 1btc silver coin, favoring 0.1 btc or similar for the next 1oz coin.

On the 2013 brass 1BTC's I will run out of the series2 style holograms first, and that's when I'll stop with those.  Somewhere around 20 more rolls.  Maybe run out by year end, maybe not.  2014 coin will have new hologram.

As for what I plan for 2014, I'm working on something neat, I'll just leave it at that.



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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November 21, 2013, 09:41:47 PM
 #876

Hello, maybe you can enlight me, I search the information about how much 2011 1BTC brass series 2 where made, and I don't find it anywhere

It would be nice to have estimations somewhere about finished series  Wink
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November 24, 2013, 01:36:39 AM
 #877

if i buy just one or 2, can u send them in airtites?
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November 24, 2013, 05:17:48 AM
 #878

Hello, maybe you can enlight me, I search the information about how much 2011 1BTC brass series 2 where made, and I don't find it anywhere

From the Casascius Bitcoin Analyzer, 1799 coins from 2011 are series 2.  Leaving 4567 from 2011 as series 1.
Meaning if this is accurate s2 is substantially more rare for a 2011 coin.

http://casascius.uberbills.com/?page=charts&year=2011

Those values do include all denominations of coins, not just 1BTC.   

The 2012/2013 charts give a similar ratio for s1/s2. 
 
Though I don't recall having seen a 1BTC s1 for these years in person..
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November 25, 2013, 02:04:09 AM
 #879

Hey Mike - any plans for a Parity Coin (1oz Gold, 1 BTC)?

Please forgive if you've discussed this before...

Thanks!

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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November 25, 2013, 02:29:49 AM
 #880

Hey Mike - any plans for a Parity Coin (1oz Gold, 1 BTC)?

I would certainly buy one! Cheesy
It would match with my silver BTC coin Wink

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