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minerjones
Mantis
Legendary
Offline
Activity: 3206
Merit: 3596
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March 20, 2022, 10:07:20 PM |
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It is showing 2 different coins for the 1 btc listing. Both are MS64, not MS68 as the title of the listing states. Also, both are 2012 not 2013 per the listing title
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owlcatz
Legendary
Offline
Activity: 3626
Merit: 1967
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March 21, 2022, 02:24:27 AM |
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48 hour auctions? Really?
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. I C Λ R U S | | | | █████▄▄█████▄▄ ████████▀▀▀████ ██████▀█████▀███ ████████████████ ████████████████ ████████████████ ░▄█████████████████ ███████████████████ ███████████████████ ████████░░░▀▀▀▀▀▀▀▀ ████████▄▄▄████████ ███████████████████ █████████████████▀ | ░░░███ ▄▄▄███ ██████ ░░░███ ░░░███ ░░░███ ░░░███ ░░░███ ░░░███ ░░░███ ▄████████ ███▌░▐███ ████████▀ | | | | | █████████████████████ █████████████████████ █████████████████████ ██████▀▀▀▀████▀▀█████ █████░░▄▄░░██░░░█████ █████▄▄██░░███░░█████ █████▀▀▀▀░░▀██░░█████ ████░░░░▄▄▄▄█▀░░▀████ ████░░░░░░░░█░▀▀░████ █████████████████████ █████████████████████ █████████████████████ █████████████████████ | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ | | | | ████ ██
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[/ce
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Spokanistan51
Full Member
Offline
Activity: 1721
Merit: 190
X/Twitter @MarkD_509 ; Facebook: @509bitcointrader
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March 21, 2022, 04:34:48 AM |
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I wish you luck! Some of the best deals I have seen on loaded items are coming off of Scarce. Auctions in here bring higher premiums. I hope you do well on your 2x!
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thoughtfan (OP)
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March 21, 2022, 05:57:22 AM |
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It is showing 2 different coins for the 1 btc listing. Both are MS64, not MS68 as the title of the listing states. Also, both are 2012 not 2013 per the listing title Thanks mj for pointing that out. The photos got mixed up. The coin shortbits and grading are correct as per listing description. I'll have the photos exchanges for the correct, matching ones as soon as I can.
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Hookzup1
Copper Member
Sr. Member
Offline
Activity: 1212
Merit: 250
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March 23, 2022, 09:33:58 PM |
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All the action for good collectibles happens in the last 10 minutes of the auctions and I'm sure if the members here had accounts on the site you used it would help fetch a higher premium
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Bitcoin is a real life cheat code to gain financial freedom 😉 the future is going to be fun
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thoughtfan (OP)
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March 24, 2022, 04:29:59 PM |
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All the action for good collectibles happens in the last 10 minutes of the auctions... I know this is often the case although I have to admit I don't understand the bidding psychology that makes it so - especially where there are anti-sniping measures in place to prevent final-second bids (as there are for scarce city auctions). ...I'm sure if the members here had accounts on the site you used it would help fetch a higher premium
I have gotten the impression (though I can not evidence this directly) that a substantial number of bitcointalk folk are also active on Scarce City. However, thanks for raising this. Although I'm not an authority on how Scarce City works, it may be useful to some here for me to share my understanding: From what I gather, - it isn't necessary to register in order to place a bid - except that without, each bid requires a refundable deposit payment of 1%
- bid deposits may be made on-chain (i.e. without the need for Lightning Network)
- however, before the end of the auction, the on-chain bidding option is removed - i.e. ONLY Lightning Network bids are permitted for that crucial last 10 mins you referred to.
Hope that helps. Here's their demo on the bidding process.
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thoughtfan (OP)
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March 24, 2022, 08:11:51 PM |
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They went for 1.1 and 0.55 respectively - 10% over face.
The primary complaint here last time was low quality and ungraded. I also thought the coin being located outside the US might put people off. Fixed all three and put in the best coin I've got (the 1) and they still barely covered the costs.
I think I need to go back to the drawing board and rethink this completely, maybe find me a salesman who will go out and find me buyers for a commission. I don't know but this doesn't work. Any ideas?
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Spokanistan51
Full Member
Offline
Activity: 1721
Merit: 190
X/Twitter @MarkD_509 ; Facebook: @509bitcointrader
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March 24, 2022, 08:28:11 PM |
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Agree, scarce has been disappointing for exposure and premiums. On the flip side, if you are a buyer you can snag some amazing items for a great deal!
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markinaz
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March 24, 2022, 08:41:57 PM |
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Honest feedback here... I am seriously looking for some collectible coins, but likely going after redeemed ones for the following reasons:
#1 Taxes - I do not have cash (I have inflation and you are losing money in cash) to buy a coin outright. This means I would have to liquidate BTC to buy BTC and incur a sizeable tax hit. I am new to the forum, but bought back in 2015, so the coins I have would have a significant taxable increase.
#2 Appreciation - I think BTC will increase a bit more than the margin on the coins. I think 10% is very low premium and should have fetched more. However, the BTC value will increase dramatically, so, I think investing the 4k (equivalent of the BTC premium) will likely return more than the 10% premium going up a little, including it being based on BTC (hopefully I am explaining my thoughts well). I could buy a redeemed Cas coin for say $500 and invest the other $3,500 in BTC.
#3 Liability - These things are awesome! However, where do you store them? For now, a safe at home is fine; however as BTC goes up in value, what happens when it hits 500k? I hate banks, so would never think of a safety deposit. I get to travel internationally and there is no way I would walk through customs with one, I would be scared to carry it around.
Again, I absolutely love these coins and wish I could turn back the clock. However, if I did, I would likely be selling them now and moving towards good old fashion BTC and the benefits it offers.
I welcome other viewpoints, just sharing mine.
Thanks! Mark
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thoughtfan (OP)
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March 25, 2022, 06:31:03 AM |
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Thanks for your responses, both.
It's all a learning curve.
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BobbyCoins
Copper Member
Member
Offline
Activity: 153
Merit: 64
₿ THE CHANGE
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March 25, 2022, 09:05:21 AM Last edit: March 26, 2022, 11:00:00 AM by BobbyCoins |
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Agree, scarce has been disappointing for exposure and premiums. On the flip side, if you are a buyer you can snag some amazing items for a great deal!
Exposure really could be better... simply by a browser which auctions are on or so (I believe they promote their articles via their Telegram channel but then you'll get loads of spam, too... and I want my cell phone quiet). But the premiums are definitively there if you look at such auctions from last Nov. (at times of ATH) https://scarce.city/auctions/kialara-2015-1BTCThis one had an exceptional high price (but was for a good cause) https://scarce.city/auctions/kialara-for-a-cause=> this might have to do a thing or two with the general 'hype' around ATHs... but 0,37 or 0,13 and even 0,06BTC are prices the actual owners never get back in a resell... That it's only a 10% premium for a loaded (& graded 'standard') Casascius makes me even want it more but I'm happy with the redeemed ones I have => reasons have been set forth by Markzellers edit: 4 more stunning high prices
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Steeley
Sr. Member
Offline
Activity: 1123
Merit: 265
Byzantine Generals' Problem solved,Prosperity Next
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March 25, 2022, 07:21:36 PM |
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I think it could be an issue of timing. I sell occasionally on Ebay and I find it hard to sell anything when BTC is low or FUD is high. I quit listing anything during these times. When BTC is running I sell everything I post. The war and stock market dips have tightened the market's sphincter, although it looks positive in the near future.
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Beware of scammers. I will never discuss the sale of Collectibles on Telegram or any other messaging client outside the forum.
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