What to do with Casasascius 5 and 25 BTC

[davidgdg]

The title says it all really.

The problem is that the values involved are so high that All sorts of issues arise.

So I’m thinking my choices are basically just redeem them (But that seems a real shame) Or a numismatic commercial auction Or selling here (But I’m just wondering whether at  these value levels it’s practical to do an online sale)

Thanks all

[AT101ET]

Market is tough right now...
Auction houses may command more of a premium than the forum, but you have to factor in their commission.
Shipping internationally is a no go for multiple reasons, (risk, travel rule, EU MiCA etc).
As BTC goes up, premium goes down.
For higher ticket items, best might just be to peel and sell the carcass.
GL!

[rsincognito]

are they graded?  you can sit on them and wait till the stacks auction coming up where they are selling a loaded 25 btc coin directly from mike. if it brings good money maybe stacks will strike a deal with you to sell to the back up bidder, but of course stacks will want their cut. but its worth reaching out to James at stacks and let him know your idea. this would be my first idea of liquidating the coin if I owned it.  GL

[minerjones]

I wouldn't risk shipping or traveling with either of those coins.
Peeling them would be the smartest move and then sell the carcass as AT101ET mentioned above
While auctioning them with S&B would be nice, anyone with that type of money to put down on a coin like that would be better off just buying the bitcoin.
Not worth the hassle of the logistics just to hopefully making a few bucks after fees

[CARIBBEAN_TREASURES]

People are slowly realizing that small silver fractionals are the best option. With just the 5btc piece alone you could fill your safe with 1000's of silver coins funded with small amounts of bitcoin. Liquidity is easy. Make them $50-$300 value. Most everyone can afford it. Instead of trying to move 1 Million at a time. I look at them like money, not like collectables. No one carries 1 million in their pocket, but they might put a few $100 dollar bills in there and a few $20.

Its like having a 100 pound block of gold. Sure, everyone wants it, but no one wants it at the same time. You have to make it usable. You can turn that 100 lb block into 14,580 1/10th ounce gold pieces. 1/10 ounce gold pieces sell at a a much higher premium plus they are more affordable to everyone on the planet (About $250ea). Look at the Stack and Bower Auctions. The fractional pieces Win every single time. In percentage gains over the high denomination pieces.

The same goes with 30 btc. Everyone wants it, most everyone can't afford it or do anything with it except let it sit and sell/trade it as digital currency.

Lets just look at the 5btc piece. The BTC value is $276,000 +/-
At Stacks and Bowers they will get you that much, or it won't sell. Most pieces of this size bring 1.1-1.3 The higher ones are closer to 1.1. So maybe $300k if you're lucky right now.

ooooooor...

Turn that little nickel piece into...... 1000's of new fractional silver bitcoins.

I know what I would be doing, but that's just me.

You could send the 2 original Casascius pieces in to be professionally graded and framed for a nice keep sake to tell the story.

If that is something you want to do, PM me.  I accept physical silver bitcoins as payment that we would create ourselves, because why not be your own bank.

[hdclover]

for your peace of mind just peel & redeem it.

[Imperial_Hash]

it really depends if f you are also a collector.... we also could trade a lot if other stuff 😂😅😅😅😅

I wish I could buy them easily haha

[OgNasty]

The title says it all really.

The problem is that the values involved are so high that All sorts of issues arise.

So I’m thinking my choices are basically just redeem them (But that seems a real shame) Or a numismatic commercial auction Or selling here (But I’m just wondering whether at  these value levels it’s practical to do an online sale)

Thanks all

If you’re redeeming it to sell, then the biggest deciding factor in how much money you get will be the exchange rate. Peeling gives you more freedom to peel at a moments notice to sell, where selling takes a lot of time and effort as well as introducing risk. So I say if your goal is to get USD, worry more about timing your sale than getting the most BTC possible for it.

[iBitcoinHongKong8]

The title says it all really.

The problem is that the values involved are so high that All sorts of issues arise.

So I’m thinking my choices are basically just redeem them (But that seems a real shame) Or a numismatic commercial auction Or selling here (But I’m just wondering whether at  these value levels it’s practical to do an online sale)

Thanks all

Just my 2 bits here as I was in a similar position for a long time. Every week or so I was on the fence. In the end a highly respected member of this forum gave me his advice when I asked and it went something like this and I'm paraphrasing here but ....
"The longer that goes by the more it becomes like Schrodinger's cat meaning basically ya never know might go wrong even with zero malice intent from the makers". So I ended up peeling most items. That's a lot of money so I feel your pain although hey it's a great pain to have. All the best regardless of what you choose!

iBitcoinHongKong8

[TaxAttorneyCPA]

Were they pealed?

[JollyGood]

The OP posted this in July 2024 but prior to that he was last active in November 2021 therefore clearly posts here sporadically.

It is a shame there is no way to ascertain if there have been any updates with this unless any member here has contact with the OP outside of the forum and is willing to update. I suppose the most pertinent conundrum for the OP in typical Shakespearean fashion is:

to peel, or not to peel, that is the question

[raghavsood]

The OP posted this in July 2024 but prior to that he was last active in November 2021 therefore clearly posts here sporadically.

It is a shame there is no way to ascertain if there have been any updates with this unless any member here has contact with the OP outside of the forum and is willing to update. I suppose the most pertinent conundrum for the OP in typical Shakespearean fashion is:

to peel, or not to peel, that is the question

A grand total of two 5 BTC and one 25 BTC Cas coins have been peeled since this post was made (the 25 BTC was peeled just a few minutes ago!), so the answer is a strong maybe.

For an up to date tally, try querying God Mode:

Code:

SELECT * FROM god_view WHERE
redeemed_on >= '2024-07-04' 
AND series_id IN ('casascius-s2-5btc', 'casascius-s1-5btc', 'casascius-s2-25btc', 'casascius-s1-25btc');