10 BTC Casascius up for auction on Stacks Bowers - page 2.

stillherehodling

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Quote from: minerjones on August 21, 2023, 10:33:13 AM

Quote from: LoyceV on August 21, 2023, 10:32:15 AM

Quote from: Lesbian Cow on August 20, 2023, 05:46:08 AM

Quote from: blucepheus on August 20, 2023, 12:18:17 AM

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point. There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase.

From the buyer's perspective, I get it. But from the seller's perspective, it doesn't make sense to sell under face value, unless he knows it's been tampered with. And in that case, it makes no sense at all for the buyer to buy it. Long term, I wouldn't be surprised if loaded collectibles can't be sold anymore. There's no reason for the buyer to trust it if the seller accepts less than the loaded value, and there's no reason for a honest owner to accept less than the loaded value.

I imagine most of these will just get peeled by the owners... no one wants to take a loss be it fiat or crypto

Well, someone recently done just that with x6 series 2 Cas 25s....in the same block!
https://casasciustracker.com/?sort=10&flt0_balance_equals=0&flt1_type_equals=S2-COIN-25&page_size=100&desc=1

minerjones

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Quote from: LoyceV on August 21, 2023, 10:32:15 AM

Quote from: Lesbian Cow on August 20, 2023, 05:46:08 AM

Quote from: blucepheus on August 20, 2023, 12:18:17 AM

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point. There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase.

From the buyer's perspective, I get it. But from the seller's perspective, it doesn't make sense to sell under face value, unless he knows it's been tampered with. And in that case, it makes no sense at all for the buyer to buy it. Long term, I wouldn't be surprised if loaded collectibles can't be sold anymore. There's no reason for the buyer to trust it if the seller accepts less than the loaded value, and there's no reason for a honest owner to accept less than the loaded value.

I imagine most of these will just get peeled by the owners... no one wants to take a loss be it fiat or crypto

minerjones

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Activity: 3206

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Quote from: elianite on August 20, 2023, 07:01:23 PM

Quote from: minerjones on August 20, 2023, 06:30:15 PM

Quote from: krogothmanhattan on August 20, 2023, 06:18:02 PM

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key
Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels

Would love to hear more about the specifics of this coin- what type of degradation, etc?

The coin is a first-day second-batch funded 2011 coin with an S1 hologram

There are a few spots on the upper rim of the inner circle and a small spot below the address, can see in the 2nd picture

LoyceV

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Lesbian Cow on August 20, 2023, 05:46:08 AM

Quote from: blucepheus on August 20, 2023, 12:18:17 AM

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point. There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase.

From the buyer's perspective, I get it. But from the seller's perspective, it doesn't make sense to sell under face value, unless he knows it's been tampered with. And in that case, it makes no sense at all for the buyer to buy it. Long term, I wouldn't be surprised if loaded collectibles can't be sold anymore. There's no reason for the buyer to trust it if the seller accepts less than the loaded value, and there's no reason for a honest owner to accept less than the loaded value.

krogothmanhattan

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Activity: 2520

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The Stone the masons rejected was the cornerstone.

Quote from: iBitcoinHongKong8 on August 20, 2023, 10:11:45 PM

Quote from: krogothmanhattan on August 20, 2023, 07:15:20 PM

Quote from: minerjones on August 20, 2023, 06:30:15 PM

Quote from: krogothmanhattan on August 20, 2023, 06:18:02 PM

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key
Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels

  Thanks for sharing...another thing I forgot to mention about my 100 plus year old stamps....is that these stamps also have a sticky substance on the back we call the gum...SO imagine having this gum that when wet allows the stamps to stick to envelopes on the stamp paper, and even then they are in pristine condition....also stamps that were use thru the postage system on envelopes are still intact as well.

   Under the hologram is like encapsulating your paper away from the elements and the light....even better!

   I also see down the line, the BTC from Cas coins and Bitbills...2011 era will itself be a collectable BITCOIN separating itself from the later Bitcoins mined.

So please keep on peeling them cas coins ye all...makes mine rarer. Cheesy

This is a great point about stamps lasting for so long. I'd like to add the few Cas and BTCC items I peeled not one of them had any issues whatsoever with me redeeming. Everything was beautifully intact and easy to read/redeem. Grin

iBHK8

Here is a beautiful 1840 Penny Black stamp postally used in 1840! Still strong vibrant black ink..I am sure when they made these stamps
183 years ago they didn't think of them lasting this long and used any paper or ink for such cases....but yet even though it went thru the postal system it is still in very good condition. The Penny Black was the very first postage stamp issued ever.

I am sure todays ink and paper are much better than back then. Wink

https://www.ebay.com/itm/175864831526?hash=item28f25c5e26:g:9lcAAOSwyE5iKfXM&amdata=enc%3AAQAIAAAAwLYKpEJC2WbbY9e76kLB7I6sPiTqmwTG9M3xIT%2F2b12RgiAh6MiQnhZFOvQMURci31gIu%2FG2bDdMhjVjx6rXWZ82Knsm9ncdmGK9jI%2BAg5IHpMa5HJvu2pPuQerd0QiR%2F6RvNvH%2BAnYKEi09uXSYss5dDG3pl96%2FY7VGzcHiJ%2Bqf1uRiyOfp79kNrm1XRNjTlV%2BV%2Bn8SwyAyBSsIsVDTfdeCSCt0X1RrzV7uITwX%2F34TGNxkJicgb91%2FdagQyPvY2g%3D%3D%7Ctkp%3ABk9SR8iakf3CYg

iBitcoinHongKong8

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Activity: 441

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Quote from: krogothmanhattan on August 20, 2023, 07:15:20 PM

Quote from: minerjones on August 20, 2023, 06:30:15 PM

Quote from: krogothmanhattan on August 20, 2023, 06:18:02 PM

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key
Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels

  Thanks for sharing...another thing I forgot to mention about my 100 plus year old stamps....is that these stamps also have a sticky substance on the back we call the gum...SO imagine having this gum that when wet allows the stamps to stick to envelopes on the stamp paper, and even then they are in pristine condition....also stamps that were use thru the postage system on envelopes are still intact as well.

   Under the hologram is like encapsulating your paper away from the elements and the light....even better!

   I also see down the line, the BTC from Cas coins and Bitbills...2011 era will itself be a collectable BITCOIN separating itself from the later Bitcoins mined.

So please keep on peeling them cas coins ye all...makes mine rarer. Cheesy

This is a great point about stamps lasting for so long. I'd like to add the few Cas and BTCC items I peeled not one of them had any issues whatsoever with me redeeming. Everything was beautifully intact and easy to read/redeem. Grin

iBHK8

krogothmanhattan

legendary

Activity: 2520

Merit: 3238

The Stone the masons rejected was the cornerstone.

Quote from: minerjones on August 20, 2023, 06:30:15 PM

Quote from: krogothmanhattan on August 20, 2023, 06:18:02 PM

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key
Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels

  Thanks for sharing...another thing I forgot to mention about my 100 plus year old stamps....is that these stamps also have a sticky substance on the back we call the gum...SO imagine having this gum that when wet allows the stamps to stick to envelopes on the stamp paper, and even then they are in pristine condition....also stamps that were use thru the postage system on envelopes are still intact as well.

   Under the hologram is like encapsulating your paper away from the elements and the light....even better!

   I also see down the line, the BTC from Cas coins and Bitbills...2011 era will itself be a collectable BITCOIN separating itself from the later Bitcoins mined.

So please keep on peeling them cas coins ye all...makes mine rarer. Cheesy

elianite

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Activity: 1400

Merit: 1143

The Cryptonumist

Quote from: minerjones on August 20, 2023, 06:30:15 PM

Quote from: krogothmanhattan on August 20, 2023, 06:18:02 PM

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key
Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels

Would love to hear more about the specifics of this coin- what type of degradation, etc?

minerjones

legendary

Activity: 3206

Merit: 3596

Quote from: krogothmanhattan on August 20, 2023, 06:18:02 PM

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

Speaking from personal experience, I have had hundreds of Casascius coins pass through and every redeemed one/DEMO coin have never shown any degradation in terms of the private key
Adding to that, I have only ever seen one instance of a Casascius hologram having some sort of degradation... but I imagine this is due to the extensive transfer of it via shipping and storage at different humidity and temperature levels

krogothmanhattan

legendary

Activity: 2520

Merit: 3238

The Stone the masons rejected was the cornerstone.

Has there ever been a Casascius with an unreadable private key? I know the earlier private keys are alphanumeric format...so those would not worry me too much compared to a qr code.

Also with the private key being under the hologram, the paper and ink are protected from any exposure to humidity and light....especially light since that would fade away ink over time. I have stamps that are over a 100 years old and still in great shape. Especially of stored in an environment with low humidity and no light.

iBitcoinHongKong8

copper member

Activity: 441

Merit: 180

Quote from: Lesbian Cow on August 20, 2023, 05:46:08 AM

Quote from: blucepheus on August 20, 2023, 12:18:17 AM

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point. There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase.

I couldn't agree more with this sentiment. I've done extensive research on this very topic having discussed it with many people and the more time goes on the more it proves true that the higher value the item the less risk others are willing to take and rightfully so. I truly understand both sides having been on both sides and there's little to zero chance I'd buy or expect to sell anything above 1BTC in a physical item these days. Take that for what it's worth it's just my 2 sats.

iBHK8

2stout

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Quote from: Gatorelf on August 20, 2023, 11:36:38 AM

Quote from: stillherehodling on August 15, 2023, 05:03:41 AM

This went recently for loaded value only..... https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

$32k buyers fee Undecided

Think I would just find a private buyer

I hear you, but most likely it would have been more expensive from a private buyer, assuming seller is looking for a 20% premium (IMHO, not unreasonable for such a rare coin) and private buyer is charging 3% commission. In addition, shipping and risks haven't been taken into account in this scenario for which Stacks and Bowers would be on the hook.

Gatorelf

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Activity: 845

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Quote from: stillherehodling on August 15, 2023, 05:03:41 AM

This went recently for loaded value only..... https://www.greatcollections.com/Coin/1367702/2012-10-BTC-Casascius-Bitcoin-Silver-Coin-PCGS-SP-69

$32k buyers fee Undecided

Think I would just find a private buyer

Lesbian Cow

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Quote from: blucepheus on August 20, 2023, 12:18:17 AM

Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

A long held, but controversial, opinion of mine is that we will see the high load value coins (like the Cas 25 or even 10) trade at less than face value at some point. There are risks such as a private key being illegible over time, the hologram has been tampered with, etc which will be priced in as the USD value of the coins increase.

blucepheus

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Disappointing to see the 10 BTC go for the loaded value. Probably not the best timing given the sentiment around BTC and the broader financial markets.

elianite

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The Cryptonumist

Quote from: iBitcoinHongKong8 on August 19, 2023, 11:13:30 AM

Lower denominations did quite well.

iBHK8

I think that's most notable with this auction- more people coming in with interest toward the "collector" category which is the sub-1k coins, with 1-3k being a notch higher.

If anyone is interested in selling there, PM me. Cool

rsincognito

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What is everyone’s thought on the private reserve Lealana coins that had Red Firstbits, the crypto encyclopedia only talks about green and black dresses. How common are these red ones has anyone ever seen them before for sale or have there ever been red addresses for sale on bitcoin talk ? Thank you for your insight in advance

Edit :

Reference : https://auctions.stacksbowers.com/lots/view/3-13WTUX/unfunded-pattern-2013-lealana-025-bitcoin-firstbits-1jraljtd-serial-no-138-gold-hologram-red-address-silver-proof-70-deep-cameo-

iBitcoinHongKong8

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Quote from: BookofNick on August 19, 2023, 09:13:07 AM

Sold price of $312k, seems decent, except when you consider we're likely one good bull run away from this being a $ million coin.

It sold for 260k then add the 20% SB takes. So for everything you see on the sales page minus 20% for the actual sale price. Lower denominations did quite well.

iBHK8

BookofNick

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Sold price of $312k, seems decent, except when you consider we're likely one good bull run away from this being a $ million coin.

owlcatz

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Quote from: SurfinPanda on August 19, 2023, 08:03:51 AM

Is anyone else surprised by the prices of some of the lower denomination loaded coins? Seems like these sold for much higher this time than previous S&B auctions - for example the Satori chips

Yeah that was cool to see. Even the alpen coin went for like 400 bucks I think.

Topic: 10 BTC Casascius up for auction on Stacks Bowers - page 2. (Read 1271 times)