Anyone remember Recalescence physical coins?

TaxAttorneyCPA

copper member

Activity: 126

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Quote from: TadpolesIsAWinner on August 22, 2024, 04:17:26 PM

Quote from: TaxAttorneyCPA on August 21, 2024, 03:50:51 PM

Quote from: TadpolesIsAWinner on August 20, 2024, 11:34:09 PM

I appreciate everyone's input!

To help maintain history, if you get it graded I’d pay a hair over 1BTC.

How much of a hair? Lol. Just want to make sure the cost and effort of trying to get it graded is worth it. I'm sure you understand. It's been in an air tight seal in my safety deposit box since about 2014 I think. I do like the idea of keeping it in tact and loaded as a piece of history. I would have liked to do that if I could afford to.

Sending you a dm

TadpolesIsAWinner

jr. member

Activity: 52

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Quote from: TaxAttorneyCPA on August 21, 2024, 03:50:51 PM

Quote from: TadpolesIsAWinner on August 20, 2024, 11:34:09 PM

I appreciate everyone's input!

To help maintain history, if you get it graded I’d pay a hair over 1BTC.

How much of a hair? Lol. Just want to make sure the cost and effort of trying to get it graded is worth it. I'm sure you understand. It's been in an air tight seal in my safety deposit box since about 2014 I think. I do like the idea of keeping it in tact and loaded as a piece of history. I would have liked to do that if I could afford to.

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

See next post, forgot to reply/quote on this one

TaxAttorneyCPA

copper member

Activity: 126

Merit: 3

Quote from: TadpolesIsAWinner on August 20, 2024, 11:34:09 PM

I appreciate everyone's input!

To help maintain history, if you get it graded I’d pay a hair over 1BTC.

Steeley

sr. member

Activity: 1164

Merit: 268

Byzantine Generals' Problem solved,Prosperity Next

I've only recorded one sold since 2021, a redeemed one, and it was actually a trade; 1 Crypto Imperator 10,000 BTC loaded coin for 1 Redeemed Rescalescence and 1 redeemed 50,000 Shibanu

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

I appreciate everyone's input!

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

Quote from: TaxAttorneyCPA on August 20, 2024, 09:55:21 AM

Quote from: TadpolesIsAWinner on August 20, 2024, 02:04:31 AM

I have an unredeemed one. Wondering how much I could get for it if I got it graded. 1 BTC coin. Also wondering how to go about selling it. Thanks.

I am interested in buying before or after grading. Where are you located?

Seattle area

Eclipse33

copper member

Activity: 1105

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Eclipse™ Experimental Cryptographic Technology

Hair over spot for this coin,

It's not a silver cas, so the brand recognition is not there. Making the market smaller, pretty much confined to the forum to sell this.

the private keys don't have a history of established safety like cas either.

I think the coin is really nice and an excellent piece though. Even if it may not demand the premium of a cas silver.

TaxAttorneyCPA

copper member

Activity: 126

Merit: 3

Quote from: raghavsood on August 20, 2024, 12:44:03 PM

Quote from: PreciousMetapsICT on August 20, 2024, 12:36:57 PM

Quote from: TaxAttorneyCPA on August 20, 2024, 11:24:33 AM

Quote from: PreciousMetapsICT on August 20, 2024, 11:20:20 AM

Listen to MJ - peel and redeem - sell the redeemed coin

Less risk - less problems - and I’d suspect you’d get more $$$ as well

Oof what a shame for a historic piece, but I can understand the logic.

Several Casascius coins sold at auction a week ago for 1BTC (with premiums), so the market is not showing much or any premiums.

That’s because stacks gets all the premium. 20% buyers premium so seller loses out, 10% sales tax approx - and isn’t it $500 delivery on items over 25k (something like that)

I would assume those would have sold here for 1.2 btc or more as a fair ask. But still the logistics of getting it delivered

I don't think you're going to be looking at 1.2BTC here for a regular Cas or similar coin at this stage - at least, not within the cohort of long time collectors here. Perhaps if we saw an influx of the crowd bidding on GA or S&B premiums would rise a bit, but I'd be surprised to see coins without a significant rarity or provenance factor fetching 1.2BTC today.

Agreed. Looking at 1BTC based on recent sales.

The OTOH collection at Heritage sold around 1BTC including premium.

raghavsood

copper member

Activity: 406

Merit: 485

Track Burns @ burned.money

Quote from: PreciousMetapsICT on August 20, 2024, 12:36:57 PM

Quote from: TaxAttorneyCPA on August 20, 2024, 11:24:33 AM

Quote from: PreciousMetapsICT on August 20, 2024, 11:20:20 AM

Listen to MJ - peel and redeem - sell the redeemed coin

Less risk - less problems - and I’d suspect you’d get more $$$ as well

Oof what a shame for a historic piece, but I can understand the logic.

Several Casascius coins sold at auction a week ago for 1BTC (with premiums), so the market is not showing much or any premiums.

That’s because stacks gets all the premium. 20% buyers premium so seller loses out, 10% sales tax approx - and isn’t it $500 delivery on items over 25k (something like that)

I would assume those would have sold here for 1.2 btc or more as a fair ask. But still the logistics of getting it delivered

I don't think you're going to be looking at 1.2BTC here for a regular Cas or similar coin at this stage - at least, not within the cohort of long time collectors here. Perhaps if we saw an influx of the crowd bidding on GA or S&B premiums would rise a bit, but I'd be surprised to see coins without a significant rarity or provenance factor fetching 1.2BTC today.

PreciousMetapsICT

full member

Activity: 868

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Satoshi loves sleazy bitcoin too - Ordinals

Quote from: TaxAttorneyCPA on August 20, 2024, 11:24:33 AM

Quote from: PreciousMetapsICT on August 20, 2024, 11:20:20 AM

Listen to MJ - peel and redeem - sell the redeemed coin

Less risk - less problems - and I’d suspect you’d get more $$$ as well

Oof what a shame for a historic piece, but I can understand the logic.

Several Casascius coins sold at auction a week ago for 1BTC (with premiums), so the market is not showing much or any premiums.

That’s because stacks gets all the premium. 20% buyers premium so seller loses out, 10% sales tax approx - and isn’t it $500 delivery on items over 25k (something like that)

I would assume those would have sold here for 1.2 btc or more as a fair ask. But still the logistics of getting it delivered

TaxAttorneyCPA

copper member

Activity: 126

Merit: 3

Quote from: PreciousMetapsICT on August 20, 2024, 11:20:20 AM

Listen to MJ - peel and redeem - sell the redeemed coin

Less risk - less problems - and I’d suspect you’d get more $$$ as well

Oof what a shame for a historic piece, but I can understand the logic.

Several Casascius coins sold at auction a week ago for 1BTC (with premiums), so the market is not showing much or any premiums.

PreciousMetapsICT

full member

Activity: 868

Merit: 178

Satoshi loves sleazy bitcoin too - Ordinals

Listen to MJ - peel and redeem - sell the redeemed coin

Less risk - less problems - and I’d suspect you’d get more $$$ as well

TaxAttorneyCPA

copper member

Activity: 126

Merit: 3

Quote from: TadpolesIsAWinner on August 20, 2024, 02:04:31 AM

I have an unredeemed one. Wondering how much I could get for it if I got it graded. 1 BTC coin. Also wondering how to go about selling it. Thanks.

I am interested in buying before or after grading. Where are you located?

minerjones

legendary

Activity: 3206

Merit: 3596

Grading: You would have to ship the coin to PCGS or hand off in person at one of the coin shows they attend, but they would still have to ship the coin back to you
If you used ICG, you can go in-person to them for drop-off and pick-up, but would still physically have to get to ICG which may incur travel expenses.

Selling: Would be the same as grading... better if you can do in person so as to not have to ship/mail the coin

At this price point it is seemingly no longer a good idea to ship coins for whatever reason unless you are ok with potentially loosing a $60k+ coin
Also, there is no postal insurance that will cover digital values

Probably recommend peeling and redeeming the coin and then sell/auction off the carcass

Happy to help out with any logistics if needed Cheesy

raghavsood

copper member

Activity: 406

Merit: 485

Track Burns @ burned.money

If I recall correctly, these are pretty rare - only a few hundred were minted, and less were hologrammed and loaded before they stopped selling loaded coins. I'd reckon maybe 300-400 were finally loaded and sold.

I've never seen one graded, and you may have some trouble having it graded as loaded unless you happen to have the PGP signed message linking the serial to the address - some grading services don't grade pieces as loaded unless the coin has the firstbits directly, or the serial<>address mapping can be verified somehow.

I'd reckon you can get a small premium on it - market recently for big ticket collectibles has been quieter.

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

It's the one on the right: https://i.imgur.com/qYzwoyG.png

TadpolesIsAWinner

jr. member

Activity: 52

Merit: 12

I have an unredeemed one. Wondering how much I could get for it if I got it graded. 1 BTC coin. Also wondering how to go about selling it. Thanks.

Topic: Anyone remember Recalescence physical coins? (Read 325 times)