2011 25 BTC Casacius in LIVE Auction

[krach]

A physical 25 BTC Casacius along with a token that goes with it will be auctioned off April 3 2300 CET 1800 EST in the telegram chat: http://t.me/nftauctions
To take part in the auction please register here: https://theo932969.typeform.com/to/VP5quroX
To see pictures of the coin check out: http://t.me/nftlots

==ITEM==
25 BTC "Version 2" coin loaded with 25 BTC, minikey address: 1Goe6LR2
XCHAIN Asset link: https://xchain.io/asset/PHYSICALBTC.25BTC1GOE6LR2
Mintage year: 2011
Funding year: 2011
Material: Gold-Plated Alloy
The balance can be observed at: 1Goe6LR2xP4Ss4g3KSLgPQ5vPmYWaZyZAh

==DESCRIPTION==
A Casascius coin is a bitcoin "cold storage" wallet made of metal with a holographic security sticker attached. Underneath this sticker lies a piece of paper containing a private key which can be used to acquire the bitcoins contained within the coin's address.
The hologram will be destroyed upon redemption.
The unblemished hologram on this coin attests to the fact that the coin has not been redeemed and is fully funded.

==HISTORY==
Mike Caldwell, the creator and distributor of these coins, was shut down by Fincen in 2013.
A plethora of similar coins (Lealana, Denarium, Spartan Titan...) plopped up over the years, but none of them were able to capture the importance or iconic place in Bitcoin history that Casascius coins represent.
The imagery of these coins has been frequently displayed in the media in articles relating to Bitcoin.

==SCARCITY==
1/18
Of a remaining 228 unredeemed Version 2 coins, only 29 coins with the 2011 date were actually funded in 2011 (the date on the front of the coin).
As of March 2021, only 18 of these 29 coins remain funded and unopened, making these some of the most rare Casascius coins in existence.

==VALUE==
The coin was funded with 25 BTC in December of 2011 and includes all past and future forks (BCH, BSV, ABC...) from that date and forward.
If the ADDRESS field does not match the MINIKEY address in the images, the coin might have been redeemed. If the ADDRESS of the coin is EMPTY, the coin might have been redeemed.

==DELIVERY / INSURANCE==
The buyer of this token may request the seller to safely store (bank deposit box) and insure the item up to the maximum insurable amount at the buyer's expense.
The buyer of this token may collect the physical item from the seller at the seller's expense (round trip, business class, one person).
The buyer of this token may request shipping with or without shipping insurance at their own expense and risk (conditional on shipability and insureability from the custodian's location).

==ESCROW==
Escrow fee 2% shared between buyer and seller

==DONATION==
10% of all proceeds exceeding 40 BTC will be donated to the Counterparty Foundation and the development of Freewallet.io

==MINIMUM BID==
35 BTC

[1715386322]

1715386322

[1715386322]

1715386322

[1715386322]

1715386322

[dozerz]

so youve priced the nft at 10 btc? 

someone has been dusting your coin.

[Mbitr]

Gonna watch this one with interest yep @doserz - 3 dust attacks I and all quite recent ?

Sorry shit image  
3 x 0.00000547BTC added ?
Anyway this could open up a new marketplace for physicals ??

[krach]

ted by: dozerz
Insert Quote
so youve priced the nft at 10 btc?  Roll Eyes

someone has been dusting your coin.

lol

no, check ==SCARCITY== 1/18

[Mbitr]

Is the reason why an NFT has been created to be able to sell at the nftauction system ? Sorry just trying to get my head round it , thanks

[krach]

Is the reason why an NFT has been created to be able to sell at the nftauction system ? Sorry just trying to get my head round it , thanks

Yes, you can directly get custody and the hodler can:

The buyer of this token may request the seller to safely store (bank deposit box) and insure the item up to the maximum insurable amount at the buyer's expense.
The buyer of this token may collect the physical item from the seller at the seller's expense (round trip, business class, one person).
The buyer of this token may request shipping with or without shipping insurance at their own expense and risk (conditional on shipability and insureability from the custodian's location).

[Mbitr]

Is the reason why an NFT has been created to be able to sell at the nftauction system ? Sorry just trying to get my head round it , thanks

Yes, you can directly get custody and the hodler can:

The buyer of this token may request the seller to safely store (bank deposit box) and insure the item up to the maximum insurable amount at the buyer's expense.
The buyer of this token may collect the physical item from the seller at the seller's expense (round trip, business class, one person).
The buyer of this token may request shipping with or without shipping insurance at their own expense and risk (conditional on shipability and insureability from the custodian's location).

Brilliant thanks for the info - will keep an eye on the auction. Thanks again

[Edits]

seems a bit convoluted.

[Mbitr]

seems a bit convoluted.

Hopefully a small hurdle for a 10BTC profit 

[msin]

Did you end up selling the 25btc Cas? Kind of a cool method to sell via NFT. A hefty premium but interested to see if this went through.

[wheelz1200]

That premium is bonkers in today's market.  Would also like to know what if any buyers there were.  And on top of the 35btc there is a 2%escrow fee?  What is the function of the escrow and who would be the escrow in this transaction?  For what its worth I'm sure we all hope you got at least the min bid but I would assume you didnt.

[Mbitr]

Any update on this auction ? Tried to find out if the sale was successful, but can’t seem to find any info about it ?? I went through the telegram chat and couldn’t see any mention ??
EDIT- no sale apparently

[krach]

winning bidder flaked

If you want to make an offer message me