2011 Casascius Error Coin

[medgeftl]

I have access to Casascius Error Coin (loaded, unredeemed) given to me by Roger Ver in 2011. This coin is not graded or rated, I would like to do so, but don't know how. I want to sell for BTC at some point soon.

I have an email thread with Roger, proving provenance, but I likely could provide more if needed. I would be shipping from Florida. Escrow would be needed for this sale.


I honestly don't know what they are worth (2x 3x?), but I would want to be paid in BTC. https://imgur.com/a/KZDKSbJ


**Please don't waste your time or mine trying to get me to mail you this coin before it is paid for. I am no fool. This collector's item is currently in a vault, and I can only access it with an appointment.**

[1714518631]

1714518631

[bitbollo]

ask moderator (low right corner --> report to moderator) to move your topic to collectibles section https://bitcointalk.org/index.php?board=217.0

did you have prof of previous ownership? signed message? This coin is loaded or not? shipping from where?
what did you plan to realize from the sell? escrow accepted?

[medgeftl]

ask moderator (low right corner --> report to moderator) to move your topic to collectibles section https://bitcointalk.org/index.php?board=217.0

did you have prof of previous ownership? signed message? This coin is loaded or not? shipping from where?
what did you plan to realize from the sell? escrow accepted?

Thank you very much for your help here. It is clear you know the right questions.

did you have prof of previous ownership? Yes, I have an email thread with Roger.
signed message? It is from his email address, but I presume that he could provide me with further proof.
This coin is loaded or not? Yes, of course. I should have said so, but it is definately.
shipping from where? I would be shipping from Florida.
what did you plan to realize from the sell? I honestly don't know what they are worth(2x 3x?), but I would want to be paid in BTC.
escrow accepted? Well, I would demand it, yes.

[BTCOVERFIATS]

Post some photos with the coin and your username and current date written on a piece of paper beside it.

That will also show people you have physical possession

[medgeftl]

It would also suggest now is a good time to find me and murder me for it.

I have it. My radio program Free Talk Live was the first media and in the world to discuss Bitcoin in Dec 2010.

I mean I could go get a picture of it from the vault, but it would be some work. Likely people would want proof of condition... I will think about this. Thanks for the suggestion.

[OgNasty]

It would also suggest now is a good time to find me and murder me for it.

That's a good point.  There's also 0 chance that you'd get a sale without pictures showing the object when you're talking about tens of thousands of dollars.

I would recommend locking this topic, taking your sweet time to go get some pictures of your Casascius coin, putting it back into it's secure location, then listing again with photos of the condition and proof of ownership so that you aren't putting yourself at risk.  It is great that you mentioned you are willing to accept escrow, as that will go a long way towards establishing trust with a potential buyer. 

Good luck with your sale!

[BTCOVERFIATS]

It would also suggest now is a good time to find me and murder me for it.

I have it. My radio program Free Talk Live was the first media and in the world to discuss Bitcoin in Dec 2010.

I mean I could go get a picture of it from the vault, but it would be some work. Likely people would want proof of condition... I will think about this. Thanks for the suggestion.

Posting a photo of your coin on a table beside a piece of paper that says your username will not impact anything other than your sale of this coin.

Potential buyers will want to see the condition before putting offers in

[medgeftl]

Should I date it too, does that have any value?

Yes, I see how pictures will make a big difference. You gentlemen have been generous with your thoughts. Thank you.

[Spokanistan51]

I may be mistaken by your post, but if you are looking at “2x - 3x” load amount, I would not waste your time here on the forum with that price point. Maybe consider a large auction house if you are looking for $130k+ on a brass error, and don’t get caught up in trying to get details and/or photos. Just trying to be realistic my friend. Good luck with your sale.

[Littleshop]

I have access to Casascius Error Coin (loaded, unredeemed) given to me by Roger Ver in 2011. This coin is not graded or rated, I would like to do so, but don't know how. I want to sell for BTC at some point soon.

I have an email thread with Roger, proving provenance, but I likely could provide more if needed. I would be shipping from Florida. Escrow would be needed for this sale.


I honestly don't know what they are worth (2x 3x?), but I would want to be paid in BTC.


**Please don't waste your time or mine trying to get me to mail you this coin before it is paid for. I am no fool. This collector's item is currently in a vault, and I can only access it with an appointment.**

I am not an expert in these but I have tried some routes.  I contacted four major auction houses.  None were interested about two years ago.  Maybe more would be now.  I see these sell for 1.2x the price.  That sounds low but it is $12000 now.  Redeemed they coins go for $500-$2000 as a collectable.  Of course these are all moving targets but unlikely to find a huge premium unless Sotheby's changes their mind and starts to deal with them.

[medgeftl]

Well, I figured I ought to get a couple of pics before my planned trip. So, I ran down to the vault and got them. If y'all don't think there is much of a chance of getting more than 1.25 BTC for them, I don't think I should sell. That isn't much of a premium and maybe the auction houses will change their minds. Stacks Bowers has sold a few, by the looks of it, but all of theirs are in nice little packages. Any ideas of how to get that done?

Thanks for all the input on this post, guys.

[minerjones]

Well, I figured I ought to get a couple of pics before my planned trip. So, I ran down to the vault and got them. If y'all don't think there is much of a chance of getting more than 1.25 BTC for them, I don't think I should sell. That isn't much of a premium and maybe the auction houses will change their minds. Stacks Bowers has sold a few, by the looks of it, but all of theirs are in nice little packages. Any ideas of how to get that done?

Thanks for all the input on this post, guys.

Happy to help out with any grading, escrow, or logistics need.
Feel free to PM about this.
Please check my trust rating to help you make an informed decision

Thank you

[medgeftl]

Well, I figured I ought to get a couple of pics before my planned trip. So, I ran down to the vault and got them. If y'all don't think there is much of a chance of getting more than 1.25 BTC for them, I don't think I should sell. That isn't much of a premium and maybe the auction houses will change their minds. Stacks Bowers has sold a few, by the looks of it, but all of theirs are in nice little packages. Any ideas of how to get that done?

Thanks for all the input on this post, guys.

Happy to help out with any grading, escrow, or logistics need.
Feel free to PM about this.
Please check my trust rating to help you make an informed decision

Thank you

How can  you help with grading?

[medgeftl]

So, the folks at Stacks Bowers say that they will grade the coin, list it at 1X a BTC and that I could likely expect to get 1.25 to 1.5 BTC in the event of a sale. They will only pay in USD.

I would really like to get BTC for this, but Stacks Bowers seems like an easy solution. Do y'all have thoughts on this?

https://auctions.stacksbowers.com/lots/view/3-160685/2011-casascius-1-bitcoin-loaded-firstbits-15m2pnxw-series-1-casacius-error-brass-ms-67-pcgs

[minerjones]

Yes...

1) Sell/auction coin here. Doesn't need to be graded. You get BTC.

2) Send coin to Stacks, they get it graded for you. Auction it off for you. You get $$$

While it might sell for a bit more on Stacks, remember the fees and tax implications

[medgeftl]

Yes...

1) Sell/auction coin here. Doesn't need to be graded. You get BTC.

2) Send coin to Stacks, they get it graded for you. Auction it off for you. You get $$$

While it might sell for a bit more on Stacks, remember the fees and tax implications

How do I get an offer here? S&B is offering to sell for a 20% commision above the 1.25 to 1.5, meaning a 1.5 to 1.8 sale price. Then my tax on top. 1.4 to 1.5 seems like a good range for people here to get a deal in exchange for me not getting it graded.

[minerjones]

Yes...

1) Sell/auction coin here. Doesn't need to be graded. You get BTC.

2) Send coin to Stacks, they get it graded for you. Auction it off for you. You get $$$

While it might sell for a bit more on Stacks, remember the fees and tax implications

How do I get an offer here? S&B is offering to sell for a 20% commision above the 1.25 to 1.5, meaning a 1.5 to 1.8 sale price. Then my tax on top. 1.4 to 1.5 seems like a good range for people here to get a deal in exchange for me not getting it graded.

You won't get 1.4 to 1.5 here on the forum.... and as the dollar price of bitcoin increases, you will get less premium
Same goes with Stacks. If the price shoots up before/during the auction, your premium "btc" value will be less.

[medgeftl]

You won't get 1.4 to 1.5 here on the forum....

Bummer, I was hoping that the could get a slightly lower number and the buyer could save 20% to 25%, but you know this market better than I, certainly.

and as the dollar price of bitcoin increases, you will get less premium
Same goes with Stacks. If the price shoots up before/during the auction, your premium "btc" value will be less.

That is what I figured too, the longer I wait, the smaller the percentage, in any case.

[msin]

I'd just redeem it and sell the physical after you've secured the BTC. The premium is so low and those of us that still have Cass coins have no idea if the private key is still legible under the Holo until we actually pull them. They are amazing collectibles but the higher the BTC $ price the lower the premium and eventually it's just not worth it with shipping, etc..

[Littleshop]

I'd just redeem it and sell the physical after you've secured the BTC. The premium is so low and those of us that still have Cass coins have no idea if the private key is still legible under the Holo until we actually pull them. They are amazing collectibles but the higher the BTC $ price the lower the premium and eventually it's just not worth it with shipping, etc..

The upcoming stacks and bowers auction will answer questions for a lot of us on what the market is for these. Later this month !