It is 2oz of .9999 gold, plus that sell prices has the 20% buyer's premium included
So in actuality, close to spot.
I wish it was not redeemed. Would be much cooler in the original state.
Someone got the deal of a lifetime on that coin... It is still attached to 50 NastyFans seats, which means the 50 seats backing it are worth $1,500 at minimum and $4,600 at last trade value by themselves. Unfortunately, someone cleared out the ~$500 in BTC held on the coin a couple months ago, so it doesn't have much BTC held on it currently. The absolute minimum value for this coin today should be around $6,300 and a more realistic valuation would be closer to $10,000 in my opinion. I likely would have bought this at that price had I known (nobody gave me a heads up)... In fact, I believe I even offered that much to the seller (if it's the same guy) a long time ago in hopes I could keep them from peeling it, but they declined. I'm sure the amount of BTC I offered for the coin back when we discussed it would be worth a large fortune now as Bitcoin's value increase has been remarkable.
This does bring up an issue though with peeled coins that I would like to see addressed someday... I think people should be able to redeem peeled coins for their seat value either by selling their seats back to NastyMining at the current buyback rate, or claiming them digitally to their account so they can sell them or sell the redeemed coin and continue to safely earn BTC from the seats. I think that would address a lot of issues people have, as a redeemed coin could not only get it's seat value but also any BTC held under the threshold for it's owner. More people than just me would need to want this to happen for it to become reality though.
