[INFO] Stacks Bowers Physical Cryptocurrency Auction 2023 Thread

[stillherehodling]

Would love to see a 10BTC Casascius go for auction there....loaded and unloaded.

  I can't recall ever seeing a 10 BTC peeled Cas coin for sale on forum in all these years here.

Yeah, rare as hen's teeth
I have only ever seen one in all my years....

  For you to say that means quite alot!  LOL

   In all my years in crypto...I was able to acquire a silver 10 BTC redeemed one....and once came across a 10 BTC silver/gilt in very bad shape on ebay years ago. Since then its been pretty dead.

If you ever want to buy a loaded one of either type, you know where you can find them… I think the reason they aren’t seen more often is because buyers want them for 10.5 BTC and sellers want to sell them for 15 BTC. The only sale I can recall ever seeing here was I believe Anduck selling his. I think it was for sale for 14.5 BTC for years before someone finally snagged it.

Is that the whale guy? (avatar of whale rising from the sea??). He seemed to buy much Casascius. I sold him my one and only 10BTC Cas while he was travelling UK shores, back in the day. It was part of a multi-coin deal, so cant remember how i broke down the cost of the 10BTC Cas.

[BitcoinPenny]

Yeah, rare as hen's teeth
I have only ever seen one in all my years....

Drooling...

Regards,
Chris@TBPCo.

[BTCOVERFIATS]

How long does it takes Stacks and Bowers to ship out their coins to the winners? I still haven't received tracking or any notification that the package has been shipped

[PreciousMetapsICT]

How long does it takes Stacks and Bowers to ship out their coins to the winners? I still haven't received tracking or any notification that the package has been shipped

It takes awhile. 2-3 weeks but it will come and you’ll get email notification about it. I’ve only bought a single item on a pre bid I made, as typically stacks is WAY over priced. But this auction it seems like the 306 lots held pricing down, or maybe it was the multiples of the exact same coins. No matter how cheap you feel you won something, after an extra 20% buyers premium, sales tax, and shipping - it’s definitely not as cheap as you originally hoped. In my experience anyways. Maybe they shouldn’t allow normal satori’s anymore, or lot after lot of the same coins. Or do the auction on a Friday night and not an afternoon.

[Cryptogreatdane]

How long does it takes Stacks and Bowers to ship out their coins to the winners? I still haven't received tracking or any notification that the package has been shipped

It takes awhile. 2-3 weeks but it will come and you’ll get email notification about it. I’ve only bought a single item on a pre bid I made, as typically stacks is WAY over priced. But this auction it seems like the 306 lots held pricing down, or maybe it was the multiples of the exact same coins. No matter how cheap you feel you won something, after an extra 20% buyers premium, sales tax, and shipping - it’s definitely not as cheap as you originally hoped. In my experience anyways. Maybe they shouldn’t allow normal satori’s anymore, or lot after lot of the same coins. Or do the auction on a Friday night and not an afternoon.

 Not trying to make trouble but it occured to me that you said as the buyer they added 20% premium to the final auction price? I was talking to a seller the other day and he said that the final auction price included the 20% premium and he received quite a bit less. Are they double dipping that 20% premium. 20 from the buyer plus 20 from the seller. Since all the buyers and sellers are here should be able to figure out pretty easily. Any thoughts?

[PreciousMetapsICT]

How long does it takes Stacks and Bowers to ship out their coins to the winners? I still haven't received tracking or any notification that the package has been shipped

It takes awhile. 2-3 weeks but it will come and you’ll get email notification about it. I’ve only bought a single item on a pre bid I made, as typically stacks is WAY over priced. But this auction it seems like the 306 lots held pricing down, or maybe it was the multiples of the exact same coins. No matter how cheap you feel you won something, after an extra 20% buyers premium, sales tax, and shipping - it’s definitely not as cheap as you originally hoped. In my experience anyways. Maybe they shouldn’t allow normal satori’s anymore, or lot after lot of the same coins. Or do the auction on a Friday night and not an afternoon.

 Not trying to make trouble but it occured to me that you said as the buyer they added 20% premium to the final auction price? I was talking to a seller the other day and he said that the final auction price included the 20% premium and he received quite a bit less. Are they double dipping that 20% premium. 20 from the buyer plus 20 from the seller. Since all the buyers and sellers are here should be able to figure out pretty easily. Any thoughts?

I’ve never sold on Stacks so I have no clue on that end. I was told that the sellers get the hammer price, not sure if they take taxes add taxes or do anything with that. Or have any fees. Someone else will have to chime in there. They also list the sales after the auction with the buyers premium included - which could cause confusion.

I do know I bought a coin for $160 - plus 20% for the buyers premium, plus 8% for taxes, plus I think $10 to ship.  Which made it much more expensive. Imagine the difference on a 1k coin or hell - 50k

[stillherehodling]

Any thoughts?

Why is there not, a www.MJ_Krog_et-al_CryptoAuctions.com  ??

[Steeley]

Here is a summary article for the sale:

https://coinweek.com/auction-news/stacks-bowers-sells-700000-in-bitcoin-physical-cryptocurrency/

[Eclipse33]

This auction had good elements and bad elements.

I wish prices were higher but also this is a step towards market maturity.

[owlcatz]

I got this information yesterday from a rep at S&B regarding upcoming stuff:

We are now finalizing our June Crypto Auction, which should be posted online for pre-bidding in mid-May.

The next sales we are accepting consignments to are our August and November crypto sales. The consignment deadlines for each of these sales are below:

August 2023 Crypto Auction—Consignment Deadline May 5th.
November 2023 Crypto Auction—Consignment Deadline August 25th

We accept the vast majority of crypto coins, as long as they can be graded by PCGS, ICG, or ANACS. Due to concerns about redeemability and security, we are not accepting loaded Titan Mint or Microsoul coins. If concerns emerge about other series, we will also decline to accept them.

Looking forward to them!
 

[Kryptowerk]

This auction had good elements and bad elements.

I wish prices were higher but also this is a step towards market maturity.

Yes, agreed, happy to see exposure of lots of crypto-collectibles on public display here.
Which pieces you feel went under-value?

The moonbits price here is crazy: https://auctions.stacksbowers.com/lots/view/3-11DWMW/2018-moonbits-1k-bits-test-run-0001-bitcoin-loaded-firstbits-of484qnm-serial-no-t2097-plastic-ms-67-pcgs
Would need to check, but as far as I know this one was rare indeed. Not even sure if the claimed 200 pieces were produced, afaik it was "up-to 200" but probably less in reality. Will inquire when I got time to do so.

[henkcryptotank]

New crypto auction online at Stacks.

Greets Tank

[rsincognito]

they have some really cool stuff!   2011-casascius-100-bitcoin-Gold bar

 https://auctions.stacksbowers.com/lots/view/3-160789/unfunded-2011-casascius-100-bitcoin-bar-firstbits-1gcuzp8v-series-2-gold-plated-alloy-genuine-pcgs

[henkcryptotank]

Yeah. And the 25 btc. Mmmmmm

[SwissCrab]

anyone knows how long does it take for Stacks Bowers to payout the seller ? thanks

[Eclipse33]

anyone knows how long does it take for Stacks Bowers to payout the seller ? thanks

It took me less than 30 days to get paid by stacks.

They sent me a check in the mail.

 

[owlcatz]

It took me less than 30 days to get paid by stacks.

They sent me a check in the mail.

 

As I understood it from direct emails with them that it would be wired to my account. Did you have that option, or was it just too expensive vs check in the mail?

[rsincognito]

Some I can correct me if I’m wrong, I think it has to do with when the buyer pays for an item that you sell through stacks .  And they a couple other things. What I have done is use my consignment mo eye to pay for items that I also buy in the same auction .

[elianite]

Some I can correct me if I’m wrong, I think it has to do with when the buyer pays for an item that you sell through stacks .  And they a couple other things. What I have done is use my consignment mo eye to pay for items that I also buy in the same auction .

Yes I believe this is true- I don't have a US-based account, so get international wires and its about 6 weeks after auction conclusion.
I've got some pieces in this sale, as well as the upcoming one in March which may still have some openings

[Eclipse33]

Latest auction from our favorite blue-chip auction house bidding open 10/12 through 11/17

Link: https://auctions.stacksbowers.com/auctions/3-16067Z/november-2023-auction-session-7-physical-cryptocurrency-lots-7001-7103

A diverse set of pieces here, polymer bit notes on full display this time.  

First offering of rarity-check

I love to see the auction-houses embracing the future of gold and silver bullion.