NGC formally announces 250 Brass Cass Coins being Auctioned w/ Heritage Soon

[tread93]

Check it out, its official as of yesterday 10/10/23!

https://www.ngccoin.com/news/article/12210/

Well worth the read, finally announcing!

This is huge for our niche, folks!

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[krogothmanhattan]

  Wow.....250 cas coins....in my dreams!  The Otoh collection...I wonder how many more of these in his other collection

   Thanks for sharing this with us...should be interesting!

[OgNasty]

These coins will probably be a great way for folks who don’t want to deal with software or trusting exchanges but want to get their hands on some Bitcoin to hold. I imagine during the next bull run these could get peeled and still have massive profits. For anyone with some USD saved that has wanted a Casascius coin but didn’t want to trust members of this community, this is the best opportunity you will probably ever get. As for OTOH, I suspect at some point you get enough wealth that owning things like this is more of a pain in the ass than anything else.

[Box Guy]

These coins will probably be a great way for folks who don’t want to deal with software or trusting exchanges but want to get their hands on some Bitcoin to hold. I imagine during the next bull run these could get peeled and still have massive profits. For anyone with some USD saved that has wanted a Casascius coin but didn’t want to trust members of this community, this is the best opportunity you will probably ever get. As for OTOH, I suspect at some point you get enough wealth that owning things like this is more of a pain in the ass than anything else.

Maybe he just needs 50, so he is selling the other 250. 😂😂😂😂

[Box Guy]

Quite impressive collection…well played Otoh, well played.

[tread93]

 Wow.....250 cas coins....in my dreams!  The Otoh collection...I wonder how many more of these in his other collection

   Thanks for sharing this with us...should be interesting!

Absolutely! I know the announcement has been due for a while now, and I didn't see any thread with the official announcement so I took the liberty of sharing with the group. I am very pleased with NGC finally grading crypto! Now if they could just make the service public on all other outlets, NGC IG, Emails, Website, etc. I have to hand it to Otoh, like 250 Cass coins has to be just a small fraction of his collection. Definitely well played!! Its always good to cash out at some point in this case he has done us a huge favor getting with NGC who has been so stubborn to grade these coins in this space for so long. Otoh has done this at such a great time and for the good of the community, I hope he makes a killing on this!

[2stout]

Perhaps I misread the article but my takeaway is that they did not explicitly state whether this was a one off, are they only grading casascius, and/or are they grading other cryptos.  Therefore, my expectations are tempered until they make a more specific announcement(s), but I do agree this is a good thing.

[MoparMiningLLC]

iirc someone did post about the Otoh collection going up - had to be somewhere as I had seen the link a few weeks back.

Perhaps I misread the article but my takeaway is that they did not explicitly state whether this was a one off, are they only grading casascius, and/or are they grading other cryptos.  Therefore, my expectations are tempered until they make a more specific announcement(s), but I do agree this is a good thing.

NGC does do grading of crypto coins - I have one or two that were graded by NGC - got them a few months back.

how many different ones I do not know though.

[2stout]

iirc someone did post about the Otoh collection going up - had to be somewhere as I had seen the link a few weeks back.

Perhaps I misread the article but my takeaway is that they did not explicitly state whether this was a one off, are they only grading casascius, and/or are they grading other cryptos.  Therefore, my expectations are tempered until they make a more specific announcement(s), but I do agree this is a good thing.

NGC does do grading of crypto coins - I have one or two that were graded by NGC - got them a few months back.

how many different ones I do not know though.

Were they loaded crypto coins or crypto themed coins, i.e., Niue?

[BTCOVERFIATS]

Wait were all 250 coins submitted purely from Otoh?

[owlcatz]

Wait were all 250 coins submitted purely from Otoh?

Appears that way. Quite a flood at once IMO.  

[Hox]

Very cool. Especially since they're labeled "The Otoh Collection". I expect these will go for relatively high premiums.

Congrats Otoh!

[BTCOVERFIATS]

Does anyone know if they accept Bitcoin as payment? I can't find any information on the website

[owlcatz]

Does anyone know if they accept Bitcoin as payment? I can't find any information on the website

I don't think so...

Below are some common answers to questions on the topic you selected:
What are your payment options?

https://fineart.ha.com/c/contact-us.zx?ref=&topicId=10#answer

Edit this site seems pretty high end but must deal with all sorts of scams judging by the "Email me!" pages lol... IDK.

Never been a mainstream online auction house-follower either, so there is that as well.

Now that I look deeper, I may contact them about a rare 1969 set of sterling dinnerware that my parents received at their wedding and was never used or opened, so in great shape box and all.

They seem to deal with all sorts of different stuffs.... I'll let ya know!

[BTCOVERFIATS]

Does anyone know if they accept Bitcoin as payment? I can't find any information on the website

I don't think so...

Below are some common answers to questions on the topic you selected:
What are your payment options?

https://fineart.ha.com/c/contact-us.zx?ref=&topicId=10#answer

Hold up I just found it...

"Heritage offers extended payment plan options up to six months to qualified, pre-approved clients on select items. Please email eppgroup@HA.com or call Client Services for more information. We also accept Bitcoin and Ethereum on invoices over $5,000 subject to approval. Please email Bid@HA.com or call Client Services for details."

but what also sucks is this...

"A deposit of $5,000 or more is necessary in order to participate in this auction. Heritage reserves the right to determine the amount of deposit to be submitted"

[owlcatz]

Hold up I just found it...

"Heritage offers extended payment plan options up to six months to qualified, pre-approved clients on select items. Please email eppgroup@HA.com or call Client Services for more information. We also accept Bitcoin and Ethereum on invoices over $5,000 subject to approval. Please email Bid@HA.com or call Client Services for details."

but what also sucks is this...

"A deposit of $5,000 or more is necessary in order to participate in this auction. Heritage reserves the right to determine the amount of deposit to be submitted"

Ah.. Nice find! I thought it might be possible via a contact or the right channel, but I have no idea really... That is a bit much, but I guess it's understandable considering the risk factors.

Then again, Id' probably need a deposit of that much in some $ or proof thereof even to participate anyhow, amirite?

[rsincognito]

I spoke to them extensively on the phone today, they don’t usually do the $5000 deposit thing, but because of the value of each coin that’s what you got a pay to play. I have the credit app and I’m filling it out tomorrow to submit it, when I find out the terms I’ll let everybody know on the site. Being able to pay in bitcoin would be a major plus.

[tread93]

I spoke to them extensively on the phone today, they don’t usually do the $5000 deposit thing, but because of the value of each coin that’s what you got a pay to play. I have the credit app and I’m filling it out tomorrow to submit it, when I find out the terms I’ll let everybody know on the site. Being able to pay in bitcoin would be a major plus.

You would think that eventually they would allow this and we can only hope for it! Time will tell

[Eclipse33]

This auction is delusional in scale for a first offering.

"The Heritage Auctions sale includes 150 brass coins that are denominated 1 Bitcoin and 100 brass coins that are denominated as 0.5 Bitcoins."

We are looking at 200BTC load value in this auction, just shy of a cool $5.5 million.

Who they will find to come in and gobble these up with $5.5 million + is anyone's guess.

Is this a signal of the start of the next bullrun?

[raritycheck]

Wow! This is a huge moment in crypto collectibles!