10 BTC Casascius up for auction on Stacks Bowers

[elianite]

Looks like a 10 BTC coin is already pre-bidding at 250k on Stacks, set to go into live bidding on Friday which should be exciting to watch over YouTube.

https://auctions.stacksbowers.com/lots/view/3-13WSZN/2012-casascius-gold-b-10-bitcoin-loaded-firstbits-1agrpnvg-series-2-silver-specimen-68-pcgs

My thinking is that if this sells successfully, it will create some waves in the mainstream numismatics world because anything in the 6-figure range is serious business by practically any measure of the hobby, and its hard to dismiss a barely decade-old coin going for that type of sum. Bullish 

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[MoparMiningLLC]

now in these cases is the load value taken into consideration when looking at the value as the majority of the price may be directly linked to the loaded value instead of the numismatic value - I will be curious to see the amount over load that the coin gets and would almost consider that to be the coins "value" separate from the load value.

[elianite]

good catch- yes, the bid price is for the whole coin including load value, which makes the 250k technically uninteresting beyond being a milestone for an actual $ amount bid on a "Bitcoin" which will grab the attention of collectors unfamiliar with these. The "real" auction is this Friday, and the reserve price will ensure that it can't sell below the load value. Previously they've been doing 2-3x load for silvers, so popcorn's out.

[stillherehodling]

This went recently for loaded value only.....  https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

[JanEmil]

good catch- yes, the bid price is for the whole coin including load value, which makes the 250k technically uninteresting beyond being a milestone for an actual $ amount bid on a "Bitcoin" which will grab the attention of collectors unfamiliar with these. The "real" auction is this Friday, and the reserve price will ensure that it can't sell below the load value. Previously they've been doing 2-3x load for silvers, so popcorn's out.

You always have the risk the QR somehow can't claim the BTC. History has shown that you cannot set it to 0. Agree for Casascius close to 0 but still.
I will say 1 BTC on a coin not equal to 1 BTC in a wallet you control.
If you are very rich, you can better ignore that risk. But if I were to buy 10 BTC coin, it is not a risk I could ignore. So would not pay load.

[owlcatz]

This went recently for loaded value only.....  https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

I've been watching this site for quite a while, much longer than S&B, and I think most crypto stuff goes for much less of a premium there. No idea why, maybe those folks are not as educated, or what....  Just my observations based on past auctions I recall watching I guess, IDK.. 🤷‍♂️

[OgNasty]

Very interesting and exciting to see this hit the auction block. I wouldn’t be surprised to see this sold for over $400K, as that’s what it would take to get one of mine currently. Hoping it’ll set off a bidding war that will surpass my expectations but you never know. Maybe people won’t want to scale the premium and we’ll see it sold for just over 10 BTC. Either way, I’m curious.

[krogothmanhattan]

This went recently for loaded value only.....  https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

I've been watching this site for quite a while, much longer than S&B, and I think most crypto stuff goes for much less of a premium there. No idea why, maybe those folks are not as educated, or what....  Just my observations based on past auctions I recall watching I guess, IDK.. 🤷‍♂️

   I gotta agree....Stacks and Bowers gets much better prices than greatcollections!

     

This went recently for loaded value only.....  https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

   Actually it went for less than load value unless you calculated the buyers fees from the auction.

[owlcatz]

So the 10BTC coin went for 260K on S&B tonight?  I mean, yeah it's higher than load but it started at 250K.... Only one bid I think?

Then the 1 BTC Cas coins went for soooo much more than face lol...  S&B FTW, fuck GreatCollections unless you wanna flip I guess?

Edit - strangely, it's not much different on the above auction, but then again, the timeframes I did not take into account

[henkcryptotank]

So the 10BTC coin went for 260K on S&B tonight?  I mean, yeah it's higher than load but it started at 250K.... Only one bid I think?

Then the 1 BTC Cas coins went for soooo much more than face lol...  S&B FTW, fuck GreatCollections unless you wanna flip I guess?

Edit - strangely, it's not much different on the above auction, but then again, the timeframes I did not take into account

It says 312k? Or is that with all costs included.

[SurfinPanda]

Is anyone else surprised by the prices of some of the lower denomination loaded coins? Seems like these sold for much higher this time than previous S&B auctions - for example the Satori chips

[owlcatz]

Is anyone else surprised by the prices of some of the lower denomination loaded coins? Seems like these sold for much higher this time than previous S&B auctions - for example the Satori chips

Yeah that was cool to see. Even the alpen coin went for like 400 bucks I think.

[BookofNick]

Sold price of $312k, seems decent, except when you consider we're likely one good bull run away from this being a $ million coin.

[iBitcoinHongKong8]

Sold price of $312k, seems decent, except when you consider we're likely one good bull run away from this being a $ million coin.

It sold for 260k then add the 20% SB takes. So for everything you see on the sales page minus 20% for the actual sale price. Lower denominations did quite well.


iBHK8

[rsincognito]

What is everyone’s thought on the private reserve Lealana coins that had Red Firstbits, the crypto encyclopedia only talks about green and black dresses. How common are these red ones has anyone ever seen them before for sale or have there ever been red addresses for sale on bitcoin talk ?   Thank you for your insight in advance

Edit :

Reference : https://auctions.stacksbowers.com/lots/view/3-13WTUX/unfunded-pattern-2013-lealana-025-bitcoin-firstbits-1jraljtd-serial-no-138-gold-hologram-red-address-silver-proof-70-deep-cameo-

[elianite]

Lower denominations did quite well.


iBHK8

I think that's most notable with this auction- more people coming in with interest toward the "collector" category which is the sub-1k coins, with 1-3k being a notch higher.

If anyone is interested in selling there, PM me. 

[blucepheus]

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

[Lesbian Cow]

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point.  There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase. 

[Gatorelf]

This went recently for loaded value only.....  https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

$32k buyers fee     Think I would just find a private buyer 

[2stout]

This went recently for loaded value only.....  https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

$32k buyers fee     Think I would just find a private buyer 

I hear you, but most likely it would have been more expensive from a private buyer, assuming seller is looking for a 20% premium (IMHO, not unreasonable for such a rare coin) and private buyer is charging 3% commission.  In addition, shipping and risks haven't been taken into account in this scenario for which Stacks and Bowers would be on the hook.