[WTS] Mega Ultra Rare 1BTC Silver-Gold Round /w "The Golden Heart" error!

[OgNasty]

I am planning on having all my coins sent in for grading.  Looking forward to that. I was waiting for blazedout419 to show me how to complete the forms.

Someone should really post the ANACS form information.  When I sent mine in, I wasn't sure what the "standard" entries were and just named the coins to the best of my ability.

[wafdawg]

I am planning on having all my coins sent in for grading.  Looking forward to that. I was waiting for blazedout419 to show me how to complete the forms.

Someone should really post the ANACS form information.  When I sent mine in, I wasn't sure what the "standard" entries were and just named the coins to the best of my ability.

Sending grading to ANACs is a bit confusing.  That's why I waited until I was at the Long Beach Expo and saw their booth and dropped it off.  I wound up paying $65 to grade my 2011 Casascius Error.  You pay more for the error variety. But at least now I have a completed copy of the form so I can use for future submissions.

You can specifically ask for a mint error designation from ANACs and pay the variety charge.  With so much discussion surrounding it I think there's a strong case for a mint error designation. I don't think you will get "heart shaped error" on the slab though.

Its up to buyer to gage how much they think its worth.  I'd personally value the grade over the error but that's just me. Someone in the thread mentioned if a buyer purchased this, how would they be able to sell it later for the same price? Well if you pay a substantial premium for a coin you have to wait a long period for the market to digest it.  There's no quick flip on something you pay a substantial premium on, because the buyer of this coin is what we call in the industry, the whale. Collectors should buy what they like and collectors make the best investors because of that reason so if someone were to buy it just hold onto it for a while and you will be rewarded.

[Yankee (BitInstant)]

I am planning on having all my coins sent in for grading.  Looking forward to that. I was waiting for blazedout419 to show me how to complete the forms.

Someone should really post the ANACS form information.  When I sent mine in, I wasn't sure what the "standard" entries were and just named the coins to the best of my ability.

This is my form:

https://www.dropbox.com/s/eon7cpxs4zedvsh/anacs.pdf

[bitmarket.io]

Its up to buyer to gage how much they think its worth.  I'd personally value the grade over the error but that's just me. Someone in the thread mentioned if a buyer purchased this, how would they be able to sell it later for the same price? Well if you pay a substantial premium for a coin you have to wait a long period for the market to digest it.  There's no quick flip on something you pay a substantial premium on, because the buyer of this coin is what we call in the industry, the whale. Collectors should buy what they like and collectors make the best investors because of that reason so if someone were to buy it just hold onto it for a while and you will be rewarded.

Correct. The market determines the price. Ergo the listing. The grade is irrelevant with these coins. It may matter with the early brass coins but the newly minted silver rounds are pretty much all in superb condition. Most who bought them treated them like gems. I have plenty of the silver-gold rounds. All are pretty much the same. Cones on top of clones.  In mint condition. As they were shipped from mike. With the exception of the golden heart error coin. It's what makes that coin stand above all else.  I bought them to resell in a few years. Not anytime soon. I have patience. And when it does come down to my last silver-gold round, you can bet this one will go reluctantly. If it sells at all.

I think whoever buys this is a serious collector and isn't in it to resell for a margin. The Cas collector market will mature over time. More will get involved.  Money will come pouring in.  People will fight over a piece of history. This is priced rather reasonably. The 25btc+ coins will be much more difficult to sell as BTC appreciates. The scope of potential buyers will be very narrow.  There is a reason why I sunk some of my BTC into these silver rounds. I believe they are more desirable than the brass tokens. And marketing them shouldn't be an issue as they already speak for themselves. All I need are some sexy shots and market presence. And my scope of buyers is wide because its within reach for most entry and avid collectors/investors.

There has to be some level of trust here. Just as we trust mike to not have a copy of all private keys stashed away somewhere.  You can trust math. Humans, not so much.

You know I'm surprised I haven't heard from Chainsaw yet. I wonder what he's up to. He's done an excellent job maintaining a public record of Cas transactions for the market. He's a wise man. I think he was one of the first I showed my error coin to. If you are reading this, let me know what you think.

[wafdawg]

Its up to buyer to gage how much they think its worth.  I'd personally value the grade over the error but that's just me. Someone in the thread mentioned if a buyer purchased this, how would they be able to sell it later for the same price? Well if you pay a substantial premium for a coin you have to wait a long period for the market to digest it.  There's no quick flip on something you pay a substantial premium on, because the buyer of this coin is what we call in the industry, the whale. Collectors should buy what they like and collectors make the best investors because of that reason so if someone were to buy it just hold onto it for a while and you will be rewarded.

Correct. The market determines the price. Ergo the listing. The grade is irrelevant with these coins. It may matter with the early brass coins but the newly minted silver rounds are pretty much all in superb condition. Most who bought them treated them like gems. I have plenty of the silver-gold rounds. All are pretty much the same. Cones on top of clones.  In mint condition. As they were shipped from mike. With the exception of the golden heart error coin. It's what makes that coin stand above all else.  I bought them to resell in a few years. Not anytime soon. I have patience. And when it does come down to my last silver-gold round, you can bet this one will go reluctantly. If it sells at all.

I think whoever buys this is a serious collector and isn't in it to resell for a margin. The Cas collector market will mature over time. More will get involved.  Money will come pouring in.  People will fight over a piece of history. This is priced rather reasonably. The 25btc+ coins will be much more difficult to sell as BTC appreciates. The scope of potential buyers will be very narrow.  There is a reason why I sunk some of my BTC into these silver rounds. I believe they are more desirable than the brass tokens. And marketing them shouldn't be an issue as they already speak for themselves. All I need are some sexy shots and market presence. And my scope of buyers is wide because its within reach for most entry and avid collectors/investors.

Completely agree. The market is not fully matured and it's for the serious collector. I apply similar logic to the MCC market as well and we have also yet to see the price of PM explode.

[bitmarket.io]

^^^^BUMP^^^^

[coine]

Would ANACS be able to tell if it's legitimate or not? 

[justbtcme]

Would ANACS be able to tell if it's legitimate or not? 

I would definitely trust the authority of ANACS to some random forum members with an opinion.

[gravitate]

Well I hate to say but you can get this effect by a gold plating pen. These days you don't have to dip the whole piece in with a protective layer over where you don't want plating. If anyone is going to pay large amounts for this I would get the main man behind Casascius to give his opinion.

[Yankee (BitInstant)]

Well I hate to say but you can get this effect by a gold plating pen. These days you don't have to dip the whole piece in with a protective layer over where you don't want plating. If anyone is going to pay large amounts for this I would get the main man behind Casascius to give his opinion.

I already did, see above posts.

[coine]

That was a fairly inconclusive conversation though, I would want to see the high-res photos from the side/top/angle before offering.

[smoothie]

Do you have the signed scans from Mike for the gold heart coin?

[Possum577]

I think you'd be best sitting on this for a few years and then present it to the community not as a sale but as a very unique error. Let the community view it, consider it, critique it without the additional context of the sale. You might get a more honest set of opinions and eventually as people know that this coin exists the consensus will build.

If you take on a "road show" allowing people to see and comment on it in the forum you'll end up building up any error value that exists already.

[bitmarket.io]

^^^^BUMP^^^^

[Blazed]

1.25BTC and I will video me peeling it.

[smoothie]

^^^^BUMP^^^^

Perhaps you missed my post.

Do you have the signed scans from Mike for the gold heart coin?

The pdf files he offered to his customers.

[Blazed]

Yes Mike does PGP sign .pdf's if you ask him nicely. 

[smoothie]

Yes Mike does PGP sign .pdf's if you ask him nicely. 

I know that...but that wasn't what I asked.

I wanted to know if the OP has the scans in his possession already.

I've asked mike for scans of my coins and so far it has taken several weeks since I initially requested them (still have not gotten them, time to follow up once more). To Mike's credit he did forewarn me about a possible delay so no problems there.

[bitmarket.io]

Yes Mike does PGP sign .pdf's if you ask him nicely. 

I know that...but that wasn't what I asked.

I wanted to know if the OP has the scans in his possession already.

I've asked mike for scans of my coins and so far it has taken several weeks since I initially requested them (still have not gotten them, time to follow up once more). To Mike's credit he did forewarn me about a possible delay so no problems there.

No I do not. I'll send a request in to Mike as well. But he seems to rarely respond. Seems super busy.

[smoothie]

Yes Mike does PGP sign .pdf's if you ask him nicely. 

I know that...but that wasn't what I asked.

I wanted to know if the OP has the scans in his possession already.

I've asked mike for scans of my coins and so far it has taken several weeks since I initially requested them (still have not gotten them, time to follow up once more). To Mike's credit he did forewarn me about a possible delay so no problems there.

No I do not. I'll send a request in to Mike as well. But he seems to rarely respond. Seems super busy.

Agreed he does appear to be very busy.

Let us know once you have those scans. I may be apt to make an offer. But until then I will wait on the side lines.