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Author Topic: WTS (or find the value of) 2 x 1 BTC Casascius in shoddy condition.  (Read 657 times)
ragmondo (OP)
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June 26, 2019, 09:23:22 AM
 #1

I'm a bit ashamed to upload a pic of these here as they were not stored in airtight containers since purchase; had no idea they would devalue if not but hey ho...
 
Can someone give me an idea of what the floor is on these? Obv. they are funded and intact (i.e. hologram sticker untampered) but .. as I said.. there has been some oxidation over time.

I am considering taking them to a coin collector in order to have them cleaned - an anathema in the world of numismatics I know - but people like shiny stuff....

One is silver and other other silver with bronze (?) highlights.

Will upload pics in a day or two if there as interest. Would prefer to sell both together but would be ok to sell one at a time.

Am London (UK) based. Also I have no idea how escrow would work if I do sell these so please give me some pointers in public replies.
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June 26, 2019, 09:27:28 AM
 #2

I would advise against cleaning the coin.
Better to post pictures on here so that people can see the condition for themselves.
I’m London based too so don’t mind helping with escrow/reship if required.
ragmondo (OP)
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June 30, 2019, 09:44:16 AM
 #3

Pics here. Please don't lynch me.

Low res:






High res:

https://photos.app.goo.gl/3muYo6c3PX5ia4bi9

https://photos.app.goo.gl/6BK5mRWCZaYQXsSq7

wttbs
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June 30, 2019, 10:21:53 AM
 #4

I think they look cool ! love the patina !
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June 30, 2019, 10:44:24 AM
Merited by anonymousminer (1)
 #5

How were they stored exactly?
Exposure to air wouldn’t cause patina to develop that quickly (these coins are only a few years old).
The holograms show signs of wear on the outer areas, so I question if the storage could have affected the private keys in some way.
ragmondo (OP)
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June 30, 2019, 11:40:43 AM
 #6

Predominantly just in a drawer with other stuff.  Bought them in 2013 / 2014 from david at hardbtc. I'm hoping too that the private keys are not tarnished in anyway (but even if a few characters are illegible then it wouldn't take too much effort to crunch through the possibilities). Obviously I'm not going to try "peeking" at them unless they are unsold in which case I'll just get the funds out and use them as trinkets.
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June 30, 2019, 12:32:42 PM
 #7

Predominantly just in a drawer with other stuff.  Bought them in 2013 / 2014 from david at hardbtc. I'm hoping too that the private keys are not tarnished in anyway (but even if a few characters are illegible then it wouldn't take too much effort to crunch through the possibilities). Obviously I'm not going to try "peeking" at them unless they are unsold in which case I'll just get the funds out and use them as trinkets.

I am 99% certain your keys are fine. As long as they where stored dry at room temperature. I opened a cas coin for a client this year, the private key was in perfect condition.
You can expect the priv key to be in same condition as the short public key, which looks fine on your pictures.

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June 30, 2019, 04:14:55 PM
 #8

Are these supposed to be both gilted Cas's?  Looks like the "gold" rubbed off in some weird way?  I thought the gilt part of the coin was supposed to be like a chemical change in the silver done to it. 

Could that chemical change be reversed by storing it in some type of overly humid environment?
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June 30, 2019, 05:29:14 PM
 #9

I would start an auction at face 1.0 for each with minimum bid increments of .001 or even .0001.
You won’t get much more than face, maybe $50-100 worth in BTC. You could create a “lot” with both coins if you want to ensure it goes to same person. Escrow is highly recommended, and your best choice is Minerjones. Essentially the buyer would send funds to MJ. You send coins to the buyer (or to MJ). The funds are released to you when either the buyer or MJ has the coins.

Good luck with sale! As far as oxidation goes, I think these coins still look nice and interesting...

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July 01, 2019, 03:27:07 AM
 #10

I would start an auction at face 1.0 for each with minimum bid increments of .001 or even .0001.
You won’t get much more than face, maybe $50-100 worth in BTC. You could create a “lot” with both coins if you want to ensure it goes to same person. Escrow is highly recommended, and your best choice is Minerjones. Essentially the buyer would send funds to MJ. You send coins to the buyer (or to MJ). The funds are released to you when either the buyer or MJ has the coins.

Good luck with sale! As far as oxidation goes, I think these coins still look nice and interesting...
Remember that face value of the coins includes all the forks along the way  Wink

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July 01, 2019, 03:41:08 AM
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I would start an auction at face 1.0 for each with minimum bid increments of .001 or even .0001.
You won’t get much more than face, maybe $50-100 worth in BTC. You could create a “lot” with both coins if you want to ensure it goes to same person. Escrow is highly recommended, and your best choice is Minerjones. Essentially the buyer would send funds to MJ. You send coins to the buyer (or to MJ). The funds are released to you when either the buyer or MJ has the coins.

Good luck with sale! As far as oxidation goes, I think these coins still look nice and interesting...
Remember that face value of the coins includes all the forks along the way  Wink

Personally I don't include forks as part of face value for a variety of reasons, but that is definitely a fair point.

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July 01, 2019, 03:57:49 AM
 #12

I would start an auction at face 1.0 for each with minimum bid increments of .001 or even .0001.
You won’t get much more than face, maybe $50-100 worth in BTC. You could create a “lot” with both coins if you want to ensure it goes to same person. Escrow is highly recommended, and your best choice is Minerjones. Essentially the buyer would send funds to MJ. You send coins to the buyer (or to MJ). The funds are released to you when either the buyer or MJ has the coins.

Good luck with sale! As far as oxidation goes, I think these coins still look nice and interesting...
Remember that face value of the coins includes all the forks along the way  Wink

That only applies if you intend to peel a cass, which I would say 99% of the collectors here aren't doing.

Thanks!


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TookDk
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July 01, 2019, 08:17:51 AM
 #13

I think they will fetch more than 50-100 USD plus face.
I would love to see an auction  Cheesy

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July 01, 2019, 02:04:38 PM
 #14

I think they will fetch more than 50-100 USD plus face.
I would love to see an auction  Cheesy

The total value of the forks that was discussed in one of the earlier discussions was about 6.5% of the loaded value if all the forks are present.

ragmondo (OP)
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July 01, 2019, 02:06:04 PM
 #15

I am thinking of putting a reserve on the coins - is that acceptable in this forum ? If they sell for 1 btc  + 6.5% (or even less!) I would rather keep them, cash in via priv key with any forks as well and have them as shiny conversation makers.
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July 01, 2019, 02:14:01 PM
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I am thinking of putting a reserve on the coins - is that acceptable in this forum ? If they sell for 1 btc  + 6.5% (or even less!) I would rather keep them, cash in via priv key with any forks as well and have them as shiny conversation makers.

Why not just start your auction at what you will take instead of doing a reserve
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July 01, 2019, 03:01:38 PM
 #17

I am thinking of putting a reserve on the coins - is that acceptable in this forum ? If they sell for 1 btc  + 6.5% (or even less!) I would rather keep them, cash in via priv key with any forks as well and have them as shiny conversation makers.

If you start the auction at 1.1 btc I think you would have bidders and that is plus 10%

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TookDk
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July 01, 2019, 04:53:25 PM
 #18

I think they will fetch more than 50-100 USD plus face.
I would love to see an auction  Cheesy

The total value of the forks that was discussed in one of the earlier discussions was about 6.5% of the loaded value if all the forks are present.

I was not considering the forks.

The coin alone, redeemed and cleaned up will fetch more than 100 usd in a public auction for sure
Therefor do I think the it’s worth more than 100 usd plus face

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TookDk
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July 01, 2019, 04:56:50 PM
Last edit: July 02, 2019, 08:20:24 AM by TookDk
Merited by WhyFhy (1)
 #19

I am thinking of putting a reserve on the coins - is that acceptable in this forum ? If they sell for 1 btc  + 6.5% (or even less!) I would rather keep them, cash in via priv key with any forks as well and have them as shiny conversation makers.

You can even make a hidden reserve making a sha256 of a string with your reserve (and some salt)
Then just publish the hash in the auction OP.
When  reserve is reached or auction is over then can you just publish the string for verification  

Cryptography is one of the few things you can truly trust.
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July 02, 2019, 02:04:15 AM
 #20

just start them at the reserve, makes it easier for everyone.

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