Looks like I might need to dangle a few Casascius carrots on ebay and see if there are any takers ....
Topic: 1BTC Casascius bitcoin sells for $7100 - page 2. (Read 2519 times)
Seriously wtf is actually happening to this world. I know i'm totally happy with the fact that finally bitcoin is getting the kind of reputation it deserves but spending 7100$ on some old wallet which has almost 1/4 of the value in it. I would definitely not pay more than a btc for that wallet as it's value is itself 1 btc , but still i have seen a freakin air jar selling for 2000$ on eBay so this has some value.
Hello. You used a photo of mine in your article.
That would be awesome,so in hindsight you are sitting on top of a gold mine and if so why dont you go for auction,i think you will grab a very good price too,there is no way the owner would have forecasted these sort of price being fetched for his coins and design. 
I plan to keep it for all eternity. And it's not a big denomination coin. I've kept the Casascius business card and mailing label for posterity anyway. At the very least it's one of the very last he sent out.
It's possible they'll become more and more valuable or fade away in the general consciousness. I'm curious to see which it'll be.
Got them a long time ago, and one direct from Casascius one week before he shut himself down.
What is a more relevant question is how durable the holograms, printing and glue holding the hologram down is. I wonder whether he foresaw whether they would become so valuable.
That would be awesome,so in hindsight you are sitting on top of a gold mine and if so why dont you go for auction,i think you will grab a very good price too,there is no way the owner would have forecasted these sort of price being fetched for his coins and design. What is a more relevant question is how durable the holograms, printing and glue holding the hologram down is. I wonder whether he foresaw whether they would become so valuable.
Unfortunately people can troll ebay auctions by bidding on items and not paying for them, sellers are unable to leave negative feedback for buyers.
For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.
My fear would be the buyer redeeming the private key and refunding through PayPal.For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.
That's also a very valid concern. Selling a slabbed coin could possibly help in that case.
It is good to hear that you are holding some coins but is it safe to say that those private keys are secure,i can understand the sentimental value of these coins but selling one bitcoin Casacius bitcoin for $7100 is just crazy because if i remember correctly it was revealed during defcon that it is susceptible to physical attack as they showed how to reveal the keys without revealing any tampering signs,i am not sure whether they made any changes after that,just commenting because of the crazy rate it got sold.
Got them a long time ago, and one direct from Casascius one week before he shut himself down.
What is a more relevant question is how durable the holograms, printing and glue holding the hologram down is. I wonder whether he foresaw whether they would become so valuable.
Yes. I have a couple of silver ones. Prettier but never latched on to by the media in the same way. As you say, this is what many people associate with Bitcoin rightly or wrongly. They were launched to increase its visibility. It certainly worked.
It is good to hear that you are holding some coins but is it safe to say that those private keys are secure,i can understand the sentimental value of these coins but selling one bitcoin Casacius bitcoin for $7100 is just crazy because if i remember correctly it was revealed during defcon that it is susceptible to physical attack as they showed how to reveal the keys without revealing any tampering signs,i am not sure whether they made any changes after that,just commenting because of the crazy rate it got sold. Unfortunately people can troll ebay auctions by bidding on items and not paying for them, sellers are unable to leave negative feedback for buyers.
For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.
My fear would be the buyer redeeming the private key and refunding through PayPal. For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.
It is a sad fact that people have bought physical bitcoins in order to redeem them.
Whoever bought that must obviously care about the novelty and collectable value. Otherwise, I hope it wasn't some poor fool desperate to jump on the Bitcoin gravy train and can't google the market value of 1 BTC.
http://bitcoinwhoswho.com/blog/2017/06/06/1btc-casascius-bitcoin-sells-for-usd7100/
A mint 2011 series 1 Casascius physical bitcoin sold for USD $7,100 on eBay yesterday.
A mint 2011 series 1 Casascius physical bitcoin sold for USD $7,100 on eBay yesterday.
This price equals ~BTC2.5, which is on par for historical purchases for this series coin, but is a bit higher than what these coins are selling for in the Collectibles section of this forum. This coin has an error on it, Casascius is spelled "Casacius" so it's a bit sought after.
The more rare 2011 series 2 Casascius coin is significantly more rare, doesn't have the error, and should command a price of at least BTC2.5 and higher.
I think your point is that the price is high, and most Casascius coin offers on eBay are extremely high, not realistic high, but those are just buy it now prices for ridiculous amounts. It sounds like this one was a proper auction. I'm glad to see these coins trading hands outside of Bitciontalk! I bet someone on this forum was the buyer and the seller!
TL,DR: This>>>
Interesting to see non-collectors discuss collectors items/their premiums.
I don't get the numismatic value of the coin. I mean ok, it was an early Bitcoin, it looks nice but...
That seems like it would be worth maybe a $200 premium, but not a $5000 premium!
I think it is just a sign that early adopters have too much money now! People have lost grip of reality and think that 3.5BTC a reasonable price is for 1BTC with a few dollars worth of metal.
That seems like it would be worth maybe a $200 premium, but not a $5000 premium!
I think it is just a sign that early adopters have too much money now! People have lost grip of reality and think that 3.5BTC a reasonable price is for 1BTC with a few dollars worth of metal.
That's pretty crazy. I really need to get my hands on one of those before it goes even higher lol.
marketplace collectabes is usually where you'll find any coins like that.
Unfortunately people can troll ebay auctions by bidding on items and not paying for them, sellers are unable to leave negative feedback for buyers.
For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.
For the seller, I'd hope the buyer follows through but I'll be keeping an eye out to see if this is relisted.
Yesterday's transaction represents a ~250% premium over current prices.
Think that's a high premium?https://bitcointalksearch.org/topic/interest-check-casascius-void-coin-1933379
Fun fact: It's empty.
Interesting to see non-collectors discuss collectors items/their premiums.
That's pretty crazy. I really need to get my hands on one of those before it goes even higher lol.
Get yours here - https://bitcointalk.org/index.php?board=217.0
Premiums in Bitcoin have been falling recently, but look to be picking up. I really can't see them holding up if the dollar price goes seriously high.
That's pretty crazy. I really need to get my hands on one of those before it goes even higher lol.
I believe its because the type of metal is a valuable one which makes it much more valuable than its face value
Er, no. It was made out of brass by a car wash token company.
The value comes from the rarity, though it actually isn't that rare compared to other ones. It was the first though and many will have been abused as they were worth about $20-30 when new.
I'm sure the buyer/collector is happy with it.
It's not a bad investment, because as time goes buy it gains its pure Bitcoin value and collectible value. Double win
Seems cheap.
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