[AUCTION] 2013 Lealana Bitcoin and Litecoin Sets [closed] open for discussion

[PhysicalCoins4Sale]

Only coin I don?t expect to break $5k is the 5 LTC coin. But someone trying to get the whole set may go over that.

[elmejorrematador]

It was funded. But definitely not so rare a coin. Definitely not sets either.

That .1 Lealana on Stacks Bowers was a "Buyer funded" variant, I just saw that it was funded by the buyer. I guess that price would make a little more sense if there was actually some BTC on there. I researched it as much as I could when I initially heard about it, but I never saw any mention of it actually being funded, the description on the listing wasn't so clear. I can only imagine a funded, non "buyer-funded" variant would be much more desirable.  

https://www.stacksbowers.com/News/Pages/Blogs.aspx?ArticleID=lealana-physical-bitcoin-november-2021-showcase-auction

https://auctions.stacksbowers.com/lots/view/3-TYP2B/2013-silver-lealana-01-bitcoin-btc-no-3605-series-1-unredeemed-buyer-funded-black-address-troy-ounce-999-silver-25mm-sp-7?utm_source=coinweek

https://www.pcgs.com/valueview/bitcoin/2013-1-btc-lealana-bitcoin-4oz-999-fine-silver-dcam/203114?sn=891659&g=0&h=coinfacts

[PhysicalCoins4Sale]

“The value of this piece was buyer-funded and remains unredeemed, further increasing the desirability.”

Yah the wording is a little weird. The BTC price was a bit higher at the time of that sale, but I’m hoping the rarity and desire for a set will yield a better hammer price than that coin did.

[PhysicalCoins4Sale]

Bump. Check em out peeps. Only 3 days left til they hit the block.

[PhysicalCoins4Sale]

Tomorrow, Tuesday 4/5 5pm ET, auction starts. Expect an hour or 2 before the crypto coins get close. Take a look and enjoy the wonderful coins.

[PhysicalCoins4Sale]

2 hours until Session 3 rarities night starts.

[ChiBitCTy]

PCGS grading crypto.. since when?

Had my coins graded by them in 2018.

Funded crypto coins? You have any photos?

[PhysicalCoins4Sale]

Funded crypto coins? You have any photos?

Links to the auctions/photos in first post.

[owlcatz]

Links to the auctions/photos in first post.

He means the part about being graded by them in 2018... He was replying to elmejorrematador

[Steeley]

This auction finished with very high premiums. Wow. I only scanned quickly but it looks like almost all went for over 2x load. The unloaded Casascius Bit nickel went for nearly $5k.

Good sign for collectors.

Steeley

[Eclipse33]

[Eclipse33]

Who are the clients of this auction house? Are they high/end collectors who don't know the forum prices? At premiums like these I think we can anticipate other auction houses to join in on this.

Even redeemed cas coins pulling a few thousand when the y can be grabbed on ebay for a few hundred dollars.

a bitnickel for almost $5k? who is buying this stuff?

[owlcatz]

Are they high/end collectors who don't know the forum prices?

From what I've gathered so far, I'd say it's a "Yes", strangely enough.

[FFrankie]

I can't imagine there are a lot of lealanas that are MS70 I was thinking that contributed to the high premiums

[Cryptogreatdane]

Are they high/end collectors who don't know the forum prices?

id say the forum is unaware of the real market and demand. Were all in here sitting on a mountain of coins selling to each other. As more mainstream selling locations come online,  prices will explode and these days of cheap sales between each other will be gone. Id say the people in this forum control 90% of the worlds physical bitcoin. Enjoy it while it lasts.

From what I've gathered so far, I'd say it's a "Yes", strangely enough.

[PhysicalCoins4Sale]

I can't imagine there are a lot of lealanas that are MS70 I was thinking that contributed to the high premiums

I did keep my coins excellent, but there is a huge market of numismatists that are getting their eyes opened to a new area with these coins. I’m sure there are a lot of 66+ that will get huge premiums over the next few years.


In all honesty I got what I was hoping and then some out of the LTC coins. But I was hoping for another $50-100k minimum on the bitcoins. This entering the mainstream is really going to change things.

PS thank you @Eclipse33 for posting the prices. I was going to in the morning.

PPS I got shot down by 5 major auction houses trying to get these listed. Stacks Bowers is the leader on the crypto front. I hope other auction houses start to accept crypto.

[elmejorrematador]

Wow, congrats!! Can't believe the prices they went for. Actually, I can believe it, but I suppose being familiar with these coins and knowing the prices over the years its just amazing to see these finally capturing huge premiums. Its actually not that ridiculous when you compare it to something like baseball cards. The amount of money people are dropping on those things these days is just retarded, so many of those cards aren't even rare. I know Steve Aoki dropped like 10 million on sports cards. I think we're going to be seeing a lot of that, just super rich guys looking to diversify in anything. 

Does Stacks Bowers remove the tax that needs to be paid before they send you your funds? Or is that all on you? Have to say i deeply regret ever selling of any coins in the past, physical and digital for that matter, hahaha.

Thanks for sharing the info with us and blazing some trails.

[elmejorrematador]

I can't imagine there are a lot of lealanas that are MS70 I was thinking that contributed to the high premiums

I honestly wonder what the requirements are for a coin to make that grade. I have some coins I feel were not graded fairly by PCGS. One of them is a gold Titan. Its just a beautiful coin and they gave it an MS 67. As well as some other Lealana's I have I thought would be at least MS 69. I'm most likely eventually going to have them regraded, maybe by ICG, because I honestly fell like the guy who graded mine's wife yelled at him or something that day before he left to work, hahaha. Of course i know there are some criteria they follow, but at the end of the day it human judgement. I also have a very rare 1 centavo from the Philippines minted by the US Mint which may very well be the best specimen in existence. My father picked it up in the Philippines back in the 60's and its been in a coin slip till i had it graded. The person who graded it found it to be suspicious because of the toning!!! Like I did something to it to make it that way. Anyway. I'm sure plenty of us have similar grading stories.

[Eclipse33]

@PhysicalCoins4Sale

If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?

What was the process. 

[PhysicalCoins4Sale]

@PhysicalCoins4Sale

If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?

What was the process.  

Stacks Bowers will negotiate fee structure with you based on your specific consignment. They also have to charge sales tax depending on the location of the buyer.

The experience with PCGS was pretty quick and excellent. Stacks actually handled the whole thing and grading cost just over $100 a coin (paid out of the sale price). Stacks being a large customer of PCGS probably gets a discount and definitely gets some pull on getting coins rush graded. The BTC set they had graded very quickly so they could start advertising it and the LTC coins took a few weeks. Basically if you call in to Stacks and set an appointment to drop off or ship in your coins, they handle the rest. I actually brought mine in to NYC personally and they insured them for free and shipped them to CA for the grading and auction. Very smooth experience.