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Author Topic: Now Here: Casascius 1000 BTC Fine Gold Coin  (Read 21523 times)
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Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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April 20, 2012, 05:01:38 PM
 #41

can you still do $200 over spot?

thanks

Only when the price of gold puts it above my stated reserve of $1850.  And in particular, only when it's going to the US.

If it needs to go outside the US, I am resorting to an undisclosed but unusual and novel way of getting it there safely, which adds a bit to the cost, and that's reflected in the posted price.

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 wallets instead.
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May 18, 2012, 07:17:32 PM
 #42

I must say that I would still love one of these, but now with some pretty reliable guaranteed funds payback borrowers - say paying the least risk 2% per week, then the effective holding or opportunity cost of these beauts is their own bitcoin value in one year 1,040 BTC uncompounded, but for absolute cold storage then still hits the sweet spot especially if it's to be generational, lets hope that their collectable/rarity value increases eventually at the same 100% or so per year that putting the coins out to work would do

here's what I really, really wants though - one of these, but made out of a 1,000 BTC Casascius coin Tongue

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=270980470752

would need some different tech to house the private key inside (or somewhere) tamper proof & drool proof, but would be sweet  Kiss

edit, actually maybe on the inside of the backside of the coin protected by hologram same as now would work simply & be fine

edit 2, a 80's style digital watch window inset in the face would make for lower production costs, I'd still prefer the Corum Swiss movement & hands myself, though either would be cool, the digital version you could have so it can click up to show your BTC balance in cold storage or interface with an Armoury wallet or something - once a day every time the time was 13:37 it would also make a leet sound of course, tra la  Smiley

edit 3, some pics:









feel free to photoshop them to 1,000 bitcoin goodness  Smiley

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
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May 18, 2012, 07:54:30 PM
 #43

I must say that I would still love one of these, but now with some pretty reliable guaranteed funds payback borrowers - say paying the least risk 2% per week, then the effective holding cost of these beauts is their own bitcoin value in one year 1,040 BTC uncompounded, but for absolute cold storage then still hits the sweet spot especially if it's to be generational, lets hope that their collectable/rarity value increases eventually at the same 100% or so per year that putting the coins out to work would do

here's what I really, really wants though - one of these, but made out of a 1,000 BTC Casascius coin Tongue

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=270980470752

would need some different tech to house the private key inside (or somewhere) tamper proof & drool proof, but would be sweet  Kiss

edit, actually maybe on the inside of the backside of the coin protected by hologram same as now would work simply & fine
That's a wicked idea, that would be the most 1337 watch on earth!

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May 19, 2012, 11:22:50 AM
 #44

I must say that I would still love one of these, but now with some pretty reliable guaranteed funds payback borrowers - say paying the least risk 2% per week, then the effective holding or opportunity cost of these beauts is their own bitcoin value in one year 1,040 BTC uncompounded, but for absolute cold storage then still hits the sweet spot especially if it's to be generational, lets hope that their collectable/rarity value increases eventually at the same 100% or so per year that putting the coins out to work would do

here's what I really, really wants though - one of these, but made out of a 1,000 BTC Casascius coin Tongue

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=270980470752

would need some different tech to house the private key inside (or somewhere) tamper proof & drool proof, but would be sweet  Kiss

edit, actually maybe on the inside of the backside of the coin protected by hologram same as now would work simply & be fine

edit 2, a 80's style digital watch window inset in the face would make for lower production costs, I'd still prefer the Corum Swiss movement & hands myself, though either would be cool, the digital version you could have so it can click up to show your BTC balance in cold storage or interface with an Armoury wallet or something - once a day every time the time was 13:37 it would also make a leet sound of course, tra la  Smiley

That is such a cool idea!! now I need one  Grin
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May 19, 2012, 05:48:50 PM
 #45

So we pay around $1900 for the Coin's material worth, and another 1000BTC ? Making it worth $6900 ? How do we then reclaim the BTC back ?
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August 14, 2012, 10:21:57 PM
 #46

That is a bad ass watch. How hard would it be to turn one of the 1000 BTC coins into one?

Thanks.


(BTW im getting very close to getting the funds to buy a BTC 1000 coin!  Just need my funds form bitcoinica!)
 wh000!!

Famous last words, but congrats on landing one anyway - not obvious to turn a Casascius 1,000 coin into one of these watches, but may be interesting if Cas took it up with Corum for a feasibility/market study

Request for a 100,000 LTC (Litecoin) 1 oz platinum Casascius coin run, say $6,000 - $10,000 for the coins depending if you can get good OTC bulk prices (prob more as there's only about 9M out there atm I think), plus $1,400 for the platinum + $200 mark up & maybe more for first run tooling etc, $10,000 to $12,000 a pop perhaps

Also 10,000 LTC, 1,000 LTC etc would be cool too

btw OP could be updated to > $12,500 just for the BTC atm + $1,850 ($1,600 gold + $250 to your min gold price) + $200 Cas = $14,550

edited 15th Aug

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August 22, 2012, 02:29:31 AM
 #47

Is $200 over spot a normal premium for gold coins? I know this isn't a normal coin, and I'm not suggesting it's not worth it, just wondering how coins work.

I pay around $60 a troy oz for a quality gold coin like a Canadian maple.

I can understand the need for such a high premium for a limited run coin, custom coins are not cheap.

1AuAgBTU8FJ2oHM4iwRRa5SJVTbuKV8htr - Bitcoins to this address go to the purchase of Silver.
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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November 01, 2012, 10:04:22 PM
 #48

The Gold Coin is now available in a two-factor version at no additional charge.

Two-factor means that two private keys are needed to redeem the funds from the coin.  I generate one private key, and you generate the other.  Simply put your copy of the private key inside the presentation box, such as in the void spaces behind the fabric (which you can pop out with a credit card).

This completely eliminates any requirement to trust that I don't have the private keys to your coin.

Current owners of the gold coin can upgrade for just the actual shipping cost using the method of your choice - or if you know you'll meet me in person some time, arrange for me to bring a sticker and a new key.  Before doing so, you peel the label and hold on to your bitcoins, and I will resticker just the unfunded coin with a new private key.  I'll also provide a paper certificate with the new public key so you can compute/verify the correct two-factor funding address.

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 wallets instead.
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November 04, 2012, 03:27:35 PM
 #49

WOW beautiful coin!

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December 02, 2012, 04:11:38 PM
 #50

You really should have a picture of this on your website!  Cheesy
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December 05, 2012, 01:02:52 AM
 #51

Nice coin, did anyone buy these around the time thread was made? Would have doubled their money? Smiley
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December 05, 2012, 04:38:05 PM
 #52

Nice coin, did anyone buy these around the time thread was made? Would have doubled their money? Smiley

More like tripled. Bitcoin was at about $3 in late December. Casascius was saying the coin would cost about $5000 total. Now it would be worth $13,300 (value of coin) + $1,689 (value of gold) = $14,989.
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Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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December 06, 2012, 09:15:05 PM
 #53

I think I have a crazy idea: I think I might melt my remaining Casascius 1000 BTC gold coins (with year 2012) and do a new gold coin round with a different denomination.

If I do that, I think I might sell more of them.  The thing is, 1000 BTC are getting harder to come by.

If I were to make a special offering of my 2012 1000BTC gold rounds AS-IS (no hologram or private key) for $50 over spot, who'd be interested?

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 wallets instead.
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AFK :/


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December 07, 2012, 02:15:22 AM
 #54

Sounds like a good idea, maybe do a 100 or 500 BTC Gold coin Smiley

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December 07, 2012, 04:19:02 AM
 #55

Now that is a piece of true art Smiley

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December 07, 2012, 11:05:47 PM
 #56

I think I have a crazy idea: I think I might melt my remaining Casascius 1000 BTC gold coins (with year 2012) and do a new gold coin round with a different denomination.

If I do that, I think I might sell more of them.  The thing is, 1000 BTC are getting harder to come by.

If I were to make a special offering of my 2012 1000BTC gold rounds AS-IS (no hologram or private key) for $50 over spot, who'd be interested?

You can count me as a preorder if you do decide to make a 100BTC gold coin. Although I wish it would be 2012 instead of 2013 to match the other coins I've collected  Cheesy
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December 15, 2012, 08:48:57 AM
 #57

Any free samples?  Cool
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December 16, 2012, 04:14:18 AM
 #58

Now Here:



A real charming 1 ounce gold coin with 1000 bitcoins.

DIAMETER: 30mm

COST: $200 premium over gold spot price (subject to a $1850 per coin reserve), plus shipping, plus you provide the 1000 BTC. Complete with BTC, this is approximately a $5000 coin.

Wish I had the fiat back then!

My very own Casascius Bearer Bar: 1GCDzqmX2Cf513E8NeThNHxiYEivU1Chhe
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April 29, 2013, 06:54:42 AM
 #59

I think I have a crazy idea: I think I might melt my remaining Casascius 1000 BTC gold coins (with year 2012) and do a new gold coin round with a different denomination.

If I do that, I think I might sell more of them.  The thing is, 1000 BTC are getting harder to come by.

If I were to make a special offering of my 2012 1000BTC gold rounds AS-IS (no hologram or private key) for $50 over spot, who'd be interested?


Did you ever melt down your remaining 1000BTC gold coin rounds? I see that 5 of these have been funded, total (with one having been opened last month). I guess the question is: Will there ever be more than 5 of these sold/funded?

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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April 29, 2013, 10:29:37 AM
 #60

Will add it back soon.

There are already more than 5. When buyers use the 2 factor option, the trackers don't show it because the addresses cannot be predicted in advance (but still start with 1Au).


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 wallets instead.
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