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Author Topic: RE: Scarce.City Auction TODAY - THE TIMES: January 3 2009 - Chancellor on Brink  (Read 157 times)
BitcoinArbiter (OP)
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April 29, 2026, 02:00:50 PM
 #1

This thread is intended to keep a historical record of what is about to transpire in this small marketplace for this rare item. Bittburger has been the OG on this file for a while, but seems largely inactive these days, and difficult to get in touch with (list/count my copy bro). He maintains this site for contact and background: https://www.thetimes03jan2009.com/

TODAY's Auction link: https://scarce.city/auctions/satoshi-times

Current Bid: 1.2 Bitcoin

Time Left to Bid: 7 Hours

My interest in this auction: I'm one of the dozen or so people around the world who has an original FULL copy (including all the inserts) of THE TIMES: January 3 2009 - Chancellor on Brink of Second Bailout For Banks newspaper - https://medium.com/@Fiach_dubh/the-times-03-jan-2009-chancellor-on-brink-of-second-bailout-for-banks-6f071d1cd7bc

As such, my interest in this auction is a selfish third party bystandard. I don't have a direct financial interest in the outcome of this auction. I do have an indirect financial interest though in the outcome of this auction, as it does set the market price for this rare item, for which, I have an original copy.

Some green flags to be aware about todays auction on scarce.city:

This rare item is "mostly" complete. The full "main" 88 pages of the newspaper are being sold. That includes the Front Page (the most valuable part of this newspaper) and the second part of the front page article (Chancellor on Brink etc) referenced in the Bitcoin Genesis block by Satoshi, on page 6.

From looking at the bottom left hand corner 6 character fingerprint of this copy, it is consistent with my copy, and others I have seen online. (though it is partially cut off, which has been seen with a previous copies that have not sold).

The yellowing of the front page is consistent with ageing due to sunlight exposure.

A few months ago, a new Bitcointalk user claimed to have found a copy of this rare item, and was interested in selling it, and asked for help in doing this. Today's auction is consistent with that bitcointalk user.

"Prior to final settlement, the winning bidder may, at their own expense, engage an independent expert of their choosing to verify authenticity."

That's the "goodish" news.

Some red flags to consider:

This rare item does not come with the several inserts that originally came with the newspaper:
https://x.com/BITCOINALLCAPS/status/2046674602714132778

The total pages/content of these inserts makes up more then 100 pages. Of the above pictured inserts, the tokens section (2 full sheets, 8 pages total) is not included/pictured, and is not included in this auction.

The seller alleges that he threw the inserts away to save space, as he's a political buff who keeps a large library of years worth of The Times newspapers. For more details see this thread here: https://x.com/BITCOINALLCAPS/status/2046684694146601007

The auction site does take a commission in the sale of this item, so is a bit biased.

"The framed original issue from the day before (2nd January 2009) is also included in this auction lot, supporting its provenance."

A jan 2nd copy can be bought for $150 online right now (plenty are in stock), so this should not be relied upon for the providence of this item for auction.

Full current text of the auction site description:

Quote
Original framed edition of The Times Newspaper (3rd January 2009) featuring the iconic Bitcoin Genesis Block headline. This is a rare and exciting opportunity to purchase a coveted physical Bitcoin collectible with both historical and symbolic value due to its direct connection to the birth of Bitcoin. There are very few copies in circulation globally, and this original edition will be exhibited at the Bitcoin Conference 2026, in Las Vegas.

The full 88-page main newspaper has been carefully preserved, with every page in excellent condition. It is professionally framed with specialist UV protection. This exclusive newspaper comes from the private collection of a dedicated newspaper collector and political researcher, who purchased the paper in London, UK on 3rd January 2009. The owner has amassed an impressive archive of daily editions of The Times newspaper for over 40 years. The framed original issue from the day before (2nd January 2009) is also included in this auction lot, supporting its provenance.

The newspaper does not include the original “inserts”. The owner discarded them due to their specialized political field, and storage constraints (14,500 newspapers take up a huge amount of space).

The first-ever Bitcoin block (known as the ‘Genesis Block’) was mined by Bitcoin creator Satoshi Nakamoto on 3rd January 2009. It is the foundational block of the entire Bitcoin blockchain and therefore holds immense technical and historical significance. This significance has grown over time as Bitcoin (and the wider cryptocurrency market) has grown in prominence and scale. Embedded within the code of this Genesis Block was the text: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” — this was a direct quote from the front page of The Times newspaper published that day. This not only served as a timestamp, but was also intended as a deliberate and symbolic critique of the traditional financial system (given the financial crisis at the time).

Condition Note:
3rd January 2009 framed newspaper (‘Chancellor on brink of second bailout for banks’ headline) - in excellent condition, no ink markings or page tears.
2nd January 2009 framed supporting newspaper - shows visible signs of age and previous handling, including ink markings and various page tears.

Prior to final settlement, the winning bidder may, at their own expense, engage an independent expert of their choosing to verify authenticity.

This is a premium auction. Unlimited bidding requires a 0.05 BTC hold (or equivalent PayPal credit card hold).

If you've already deposited 0.005 BTC, an additional 0.045 BTC is needed.

You can also unlock unlimited bids by linking a Twitter account with 5,000+ followers. If you previously unlocked unlimited bids with 1,000+ followers, your access continues.

No account? You can still bid — each bid requires a 1% deposit in Bitcoin.

Email plebsupport@scarce.city with any questions.


This Lot Includes:
Physical Good - January 3, 2009 edition:

Dimensions: 23 x 26 (in)
Weight: 2 (lb)
Materials: Newspaper, Framed with UV resistant glass
Item Type: Art Collectible
Physical Good - January 2, 2009 edition:

Dimensions: 23 x 26 (in)
Weight: 2 (lb)
Materials: Newspaper, Framed with UV resistant glass
Item Type: Art Collectible
No Reserve

Join the Scarce City Banter Telegram channel for auction updates and commentary.

Conclusion:

I'd say there is a very good chance this rare item for auction is a real original copy of The Times Jan 3 2009.

With that said, it isn't as complete as others.

The missing inserts makes up more then 100+ pages of content from 2 magazines, and several other interesting newspaper print sections that are value add.

So consider this a discount item for sale. The more complete originals out there, with less ageing (yellow sun damage) will likely fetch a higher price.

Happy bidding whales.
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April 29, 2026, 02:44:47 PM
 #2

Why aren't you posting in the actual ScareCity topic here: https://bitcointalk.org/index.php?topic=5580931.0 ?

 
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BitcoinArbiter (OP)
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April 29, 2026, 02:53:33 PM
 #3

Why aren't you posting in the actual ScareCity topic here: https://bitcointalk.org/index.php?topic=5580931.0 ?

I didn't see that thread, I'll post this one over there as a comment. thanks.
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April 29, 2026, 08:06:25 PM
 #4

Inserts have all of this value in this journal? How much would discount the journal?
To be honest, as collector, I can understand your point but it could be worthless in this auction/this item.
No one care about it. If you have or you don't have doesn't change nothing because these are just appendix of journal.
No one would expose them. Originality of this item would not verified with inserts.

Actually there aren't many copy available, these gadgets have not provided any real premium, also because there is no a real reference on this item.
Personally I have seen at least other 3 copies for sale. This was one of the best as quality and price requested without reserve is already a sign of quality.
Actually bids have not ended. We are around 8 btc and more, definitely a new record and a clear sign of interest for this item.

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April 29, 2026, 11:11:03 PM
Last edit: April 30, 2026, 05:57:59 AM by hilariousandco
 #5

Inserts have all of this value in this journal? How much would discount the journal?
To be honest, as collector, I can understand your point but it could be worthless in this auction/this item.
No one care about it. If you have or you don't have doesn't change nothing because these are just appendix of journal.
No one would expose them. Originality of this item would not verified with inserts.

Actually there aren't many copy available, these gadgets have not provided any real premium, also because there is no a real reference on this item.
Personally I have seen at least other 3 copies for sale. This was one of the best as quality and price requested without reserve is already a sign of quality.
Actually bids have not ended. We are around 8 btc and more, definitely a new record and a clear sign of interest for this item.


It's subjective to the buyer and what they care about.

A few of the inserts are interesting and relevant to Bitcoin on their own. There's a Money insert for instance. A Books insert featuring some rather interesting 9/11 photography. There's also the Tokens insert section, which is referenced on the Front page.

If someone wants the full context of this item, then the inserts may be desirable. They also help to verify the authenticity of the entire package, as the magazines themselves are rather difficult the fake - they're out of print altogether with no digital copies as far as I'm aware.

There are digital copies of the main 88 pages I believe, so those can perhaps be fakes with some effort (the digital copies I've seen are black and white though.)

oh ya, forgot to mention, there's also some crypto puzzles in the books insert.

maybe satoshi left some fun stuff behind in the personnel's etc...

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April 30, 2026, 04:59:43 AM
 #6

...

I like your point and I am pretty agree, with a reserve.
Real copies of the newspaper, that have been bought at that time, barely impossible to have these inserts and keep mantained in a well shape.

Copies purchased in secondary markets (we know very well the presence of services) can also have the inserts.
Inserts are very interesting and bring the FULL piece... but how many "The times" have you seen for sale in the last years? Smiley
Would you care more to have inserts/good quality?

Why give so many importance to inserts as bitcoiner?
These have been mentioned somewhere in WP? 
What it could be the evaluation of inserts? These were available only 3rd Jan?
These are not even able to provide "originality" or provenance to be honest, because the newspaper by itself it's the "item" that we care.
Assuming these can have an impact etc etc...
 

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BitcoinArbiter (OP)
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April 30, 2026, 07:27:21 PM
 #7

...

I like your point and I am pretty agree, with a reserve.
Real copies of the newspaper, that have been bought at that time, barely impossible to have these inserts and keep mantained in a well shape.

Copies purchased in secondary markets (we know very well the presence of services) can also have the inserts.
Inserts are very interesting and bring the FULL piece... but how many "The times" have you seen for sale in the last years? Smiley

2022 was the last time one of these was listed for sale publicly in an auction. the minimum bid for it was 8.4 bitcoin, but no one placed a bid so it didn't sell. that failed auction had inserts too! so that's a good data point in your favor lol.

[/quote]Would you care more to have inserts/good quality?[/quote]

I mean, I'd like the full package as a buyer. But because these don't go up for sale often, buyers may not care, and will take anything they can get.

For future sales of similar products, the quality / completeness of the package could be a factor.

If this one that just sold is yellowed from the sun, had some moisture damage (wrinkled), was only the core 88 pages (no inserts), and sells for 9.2 Bitcoin, then how much will one sell for in the future that's in better shape, with the full package? Hopefully above 9.2 Bitcoin (logically), but who knows. markets are weird and never repeat.

[/quote]Why give so many importance to inserts as bitcoiner?[/quote]

it's purely selfish, I have a better version, I want a higher price then 9.2 Bitcoin in the future if I sell it. For a buyer, it's logical that they'd want everything that came with this newspaper on Jan 3rd 2009, as Satoshi likely had the same materials.

[/quote]These have been mentioned somewhere in WP?  [/quote]

by "WP" you mean whitepaper? No, the bitcoin history background for this newspaper is that the front page headline is referenced by Satoshi in the genesis block hash. tangentially related: The front page also says "collect Tokens now" which refers to an insert.


[/quote]What it could be the evaluation of inserts? These were available only 3rd Jan?[/quote]
From my collection of the jan 2nd and 4th issue of the 2009 times, YES. those inserts DO NOT REPEAT in past or future issues of The Times. They are all unique to January 3rd 2009![/quote]

[/quote]These are not even able to provide "originality" or provenance to be honest, because the newspaper by itself it's the "item" that we care.
Assuming these can have an impact etc etc...[/quote]

The 88 page core newspaper is probably the easiest thing to replicate/fake of this package. It's digital copy is available for purchase by The Times. (A digital copy of The inserts are not available online for purchase!)
 
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May 01, 2026, 02:33:56 AM
 #8

Absolutely a full copy/in perfect condition could get even more of this quotation. I am pretty agree with you.
How many collectors today want to buy THIS ITEM for THIS PRICE?
This is just a collector market/hobby, quotations are changing for many factors and general conditions.
(OT Maybe we had already a videocall:Smiley on this matter the last year?)
Anyway, I find it very hard to have a quotation based on few elements / copys sold in public. I would just base any evaluation on what has been sold.
Yes inserts give a "plus" but ...It would be nice to see what it could realize JUST the front page...  Yes we are focusing in the "full journal" but who wouldn't just own 1 page? Grin  As collector/bitcoiner, did you really care of other 87 and inserts? Roll Eyes ehehehhe ok I am kidding, but could the presence of inserts justify a couple of bitcoin of increase? Just a question for a potential buyer/seller...

I would go further. This is a newspaper. You can find literally one for free.
There are hidden copies for sure and others that we will never seen. Its an interesting research on this matter, make a replica has some "practical issues".
You can easily verify the real print/newspaper with only one page and not the inserts by itself.
the problem with this kind of objects could also be " the value is the price someone could pay"...Considering the "Nature" of this item, and the fact that could pop-up another copy...

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May 01, 2026, 04:27:13 PM
 #9

apologies for my terrible quote formatting in the previous comment I made. I'm just gonna bold your comments now:

Absolutely a full copy/in perfect condition could get even more of this quotation. I am pretty agree with you.
How many collectors today want to buy THIS ITEM for THIS PRICE?


Hard to say, I'd say at least one per major Bitcoin conference in the world. Annually, probably 2-5 ? One major sale a year to highlight the Bitcoin conference in the USA at least?

This is just a collector market/hobby, quotations are changing for many factors and general conditions.
(OT Maybe we had already a videocall:Smiley on this matter the last year?)


No, I'm not the same person you had a videocall with.


Anyway, I find it very hard to have a quotation based on few elements / copys sold in public. I would just base any evaluation on what has been sold.
Yes inserts give a "plus" but ...It would be nice to see what it could realize JUST the front page...


Just the front page itself is the easiest thing to fake / reproduce. So that alone being sold at auction would be highly suspicious. If it was real, and could be verified as real, I imagine it could fetch half as much at least - so 4.5ish Bitcoin?

  Yes we are focusing in the "full journal" but who wouldn't just own 1 page? Grin  As collector/bitcoiner, did you really care of other 87 and inserts? Roll Eyes ehehehhe ok I am kidding, but could the presence of inserts justify a couple of bitcoin of increase? Just a question for a potential buyer/seller...

100% YES. especially since a collector wants the full front page article, which extends to page 6!

I would go further. This is a newspaper. You can find literally one for free.

it's very difficult to find one of these available for free by a seller who is ignorant of it's value. Though it is still possible probably. Just not that easy. Could be a fun treasure hunt at libraries etc.

There are hidden copies for sure and others that we will never seen. Its an interesting research on this matter, make a replica has some "practical issues". You can easily verify the real print/newspaper with only one page and not the inserts by itself.

Hard Disagree. Fakes can and have been made of just the front page according to Bittburger

the problem with this kind of objects could also be " the value is the price someone could pay"...Considering the "Nature" of this item, and the fact that could pop-up another copy...


collectibles are like that. For now there appear to be a dozen or so of these in the world, and maybe a bunch of fakes? hard to know.

Any buyer probably has too much money on their hands.
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May 08, 2026, 09:58:35 AM
 #10


@BitcoinArbiter (OP) Apology for late reply I have just seen your post...
I have seen few copies also "privately" or in public archives. To be honest I have found very few traces (in public) of real trades.

I am not expecting that sellers couldn't be aware of this specific edition. Or you find literally someone that has stored everything or this could be rarely find in a decent condition, I am not expecting any serendipity but due the mintage everything possible...

About fakes, can you please share details? I have never seen some, with a detailed analysis, counting the numbers of pages and effort required, I find close to impossible any "real" imitation (I mean I would not call "imitation" the fake casascius bar "loaded" with 1000 btc.... even in this case a real imitation for this value should have an impressive quality of detail)

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BitcoinArbiter (OP)
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May 08, 2026, 06:33:34 PM
 #11


@BitcoinArbiter (OP) Apology for late reply I have just seen your post...
I have seen few copies also "privately" or in public archives. To be honest I have found very few traces (in public) of real trades.

I am not expecting that sellers couldn't be aware of this specific edition. Or you find literally someone that has stored everything or this could be rarely find in a decent condition, I am not expecting any serendipity but due the mintage everything possible...

About fakes, can you please share details? I have never seen some, with a detailed analysis, counting the numbers of pages and effort required, I find close to impossible any "real" imitation (I mean I would not call "imitation" the fake casascius bar "loaded" with 1000 btc.... even in this case a real imitation for this value should have an impressive quality of detail)

the concerns for fakes is mainly for the first sheet - front page. From bittburger's website: https://www.thetimes03jan2009.com/faq/

"How do I know if its an authentic copy?
Insist on the complete newspaper.  More valuable copies will include all the inserts, of which there are many.  There were some high definition scans of the front page floating around so there is a slight possibility of counterfeit front-page copies."


there's an entire industry for fake art. a print newspaper is probably very easy for some cons to produce.
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