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Author Topic: What to do with Casasascius 5 and 25 BTC  (Read 159 times)
davidgdg (OP)
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July 05, 2024, 09:25:37 AM
 #1

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


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AT101ET
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July 05, 2024, 10:17:29 AM
 #2

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
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July 05, 2024, 12:07:08 PM
 #3

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
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July 05, 2024, 12:21:56 PM
 #4

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

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CARIBBEAN_TREASURES
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July 05, 2024, 02:52:33 PM
Last edit: July 07, 2024, 06:26:08 AM by CARIBBEAN_TREASURES
 #5

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. Smiley
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Today at 07:53:47 AM
 #6

for your peace of mind just peel & redeem it.

Blah blah
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