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Author Topic: Now Here: Casascius 1000 BTC Fine Gold Coin  (Read 27349 times)
wachtwoord
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November 26, 2013, 11:15:15 PM
 #101

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?
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November 27, 2013, 09:03:01 AM
 #102

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

WoW. Congrats!
I think is hard to say byebye to that beauty  Cry
BitcoinFr34k
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November 27, 2013, 10:41:49 AM
 #103

Wow that's pretty damn awesome Goat. Congratulations, throw yourself a party! :p
wachtwoord
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November 27, 2013, 10:44:52 AM
 #104

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

Indeed, pretty decent investment Wink

The more important question though: where did you park the $1m in value?
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November 27, 2013, 11:38:12 AM
 #105

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

Indeed, pretty decent investment Wink

The more important question though: where did you park the $1m in value?

DONT answer this hahaha.  4 years from now, when bitcoins are 100k each, and this man is sitting on a 100 million dollar coin, his house will be a better robbery location than a bank vault.  And about robbing physical bitcoins like on a golden coin or paper wallet, once you have it, it's super easy to spend the money afterwards.

Then again, I'm pretty sure it's in a VERY safe place, and not under a pillow even today!

wachtwoord
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November 27, 2013, 12:45:19 PM
 #106

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

Indeed, pretty decent investment Wink

The more important question though: where did you park the $1m in value?

DONT answer this hahaha.  4 years from now, when bitcoins are 100k each, and this man is sitting on a 100 million dollar coin, his house will be a better robbery location than a bank vault.  And about robbing physical bitcoins like on a golden coin or paper wallet, once you have it, it's super easy to spend the money afterwards.

Then again, I'm pretty sure it's in a VERY safe place, and not under a pillow even today!

Goat might have started a "country" by then (or w/e qualifies as such then).
dnaleor
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November 27, 2013, 04:34:19 PM
 #107

I just would have kept that purchase secret and enjoy my coin...
It is such a fascinating coin, worth more than 1 million USD !!!

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tinus42
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November 28, 2013, 03:42:55 PM
 #108

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

No way I would have done that. I would have demanded a high markup. This is a very rare coin so why only sell it for the btc value?

Even the 1 BTC brass coins sell at a 40% premium.
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December 12, 2013, 01:55:19 PM
 #109

kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

No way I would have done that. I would have demanded a high markup. This is a very rare coin so why only sell it for the btc value?

Even the 1 BTC brass coins sell at a 40% premium.

there was a premium.

btc was not $1000 at the time.

unless you sold when btc was under <$800 (why!?)m i would have assumed the 1000BTC bar to easily fetch >1300BTC from the right buyer.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
No longer a wannabe - now an ASIC owner!
wachtwoord
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December 14, 2013, 05:06:27 PM
 #110


the price was set around this time yes.

also i doubt there were too many people willing to pay $250,000 for a coin. maybe but i don't happen to know them. im happy with what we got for it but i do miss the coin. it was my favorite possession but with my travel i was not able to watch over and protect it.

No kidding, if I'd own a coin worth a quarter mill it would be my favorite fucking possession too.
casascius
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December 14, 2013, 06:15:04 PM
 #111

Fwiw I think Goat got the very first gold coin I ever completed

It may have not been the first funded but was the first prototype.

When he asked me to sell him a coin i was on my way to Vegas for DefCon and didn't have time to make a new one so I grabbed my own prototype coin and sold it.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
wachtwoord
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December 14, 2013, 06:59:28 PM
 #112

Fwiw I think Goat got the very first gold coin I ever completed

It may have not been the first funded but was the first prototype.

When he asked me to sell him a coin i was on my way to Vegas for DefCon and didn't have time to make a new one so I grabbed my own prototype coin and sold it.

I told the new buyer this story and glad you confirmed it. At times i wish i did not sell it but with my travel im not sure i could have kept it safe.

Thanks mike for making some epic stuff!

And good luck on dealing with those idiotic regulating agencies giving you grief.
psyclon
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December 15, 2013, 08:01:03 AM
 #113

I thought trading BTC was illegal in prathet thai since earlier this year.
psyclon
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December 17, 2013, 09:25:00 PM
 #114

I thought trading BTC was illegal in prathet thai since earlier this year.

Bitcoin is legal in thailand. Just like gold is legal.

that is true as you say it, however, according to this article here https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/ it is not legal to

    Buying Bitcoins
    Selling Bitcoins
    Buying any goods or services in exchange for Bitcoins
    Selling any goods or services for Bitcoins
    Sending Bitcoins to anyone located outside of Thailand
    Receiving Bitcoins from anyone located outside of Thailand
psyclon
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December 17, 2013, 10:16:42 PM
 #115

The troll controlls that website. That is not a media source.

how about the Bangkok Post? http://www.bangkokpost.com/business/news/362222/bitcoin-declared-illegal-in-thailand
taltamir
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December 18, 2013, 12:47:50 AM
 #116

Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
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December 20, 2013, 12:46:32 AM
 #117

Very cool man, great job.


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taltamir
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December 20, 2013, 03:04:04 AM
 #118

Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?

He was supposedly counterfeiting US dollars. That is not all what is going on here.

No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar". Even though it looked nothing like dollar coins, and was made of gold
taltamir
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December 20, 2013, 03:07:28 AM
 #119

Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?

He was supposedly counterfeiting US dollars. That is not all what is going on here.

No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar"

you do not know what you are talking about. trust me, this is not the same issue.

http://en.wikipedia.org/wiki/Liberty_Dollar

They accused him of everything from counterfeiting to terrorism.
stslimited
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December 20, 2013, 04:24:24 AM
 #120

Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?

He was supposedly counterfeiting US dollars. That is not all what is going on here.

No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar"

you do not know what you are talking about. trust me, this is not the same issue.

http://en.wikipedia.org/wiki/Liberty_Dollar

They accused him of everything from counterfeiting to terrorism.

You don't know what you are talking about.

This is Fincen stretching their jurisdiction pretty far to see what happens. This is a completely new interpretation of federal Money Transmitter laws at play here in regard to cascascius coins
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