Author

Topic: [AUCTION] 1 Funded 2011 Casascius bitcoin with spelling error in hologram (Read 695 times)

legendary
Activity: 1806
Merit: 1164
The majority of problem auctions come from either newbie sellers or buyers should something be done about this?

the problem is what can be done, we run the risk of discriminating new users, it is a problem we have all ways faced here as the whole point of bitcoin is its true value is in its anonymity, so there has to be some trust, but to not trust two of the most trusted members on here is a little silly, but hey, its their choice, I struggle to believe that someone holding a 2011 cas coin with holo error (and knew what it was) did not know how an escrow worked, so I was ok to pull out.

If it were up to me I would prohibit newbies from bidding in auctions. Not my decision though. I can tell you for certain if I put up an auction I will disallow bidding from new accounts too great a chance of shilling or non-payment.
copper member
Activity: 2310
Merit: 1032
The majority of problem auctions come from either newbie sellers or buyers should something be done about this?

the problem is what can be done, we run the risk of discriminating new users, it is a problem we have all ways faced here as the whole point of bitcoin is its true value is in its anonymity, so there has to be some trust, but to not trust two of the most trusted members on here is a little silly, but hey, its their choice, I struggle to believe that someone holding a 2011 cas coin with holo error (and knew what it was) did not know how an escrow worked, so I was ok to pull out.
legendary
Activity: 1806
Merit: 1164
The majority of problem auctions come from either newbie sellers or buyers should something be done about this?
full member
Activity: 238
Merit: 113
just to inform you all, no deal was made, the user did not understand how an escrow works and was not able to trust either me or MJ, so I decided to pull out of the deal, there was good communication and user was just a bit over cautious, but who can blame him :-) not me, so no deal done for this at this time.
IMO the seller was looking for any excuse possible to not close the deal  Undecided
copper member
Activity: 2310
Merit: 1032
just to inform you all, no deal was made, the user did not understand how an escrow works and was not able to trust either me or MJ, so I decided to pull out of the deal, there was good communication and user was just a bit over cautious, but who can blame him :-) not me, so no deal done for this at this time.
newbie
Activity: 8
Merit: 0
PM sent

thanks for the PM.  As you state, this was won by Squall1066 at 1.16BTC.

I appreciate the interest, and am sorry it was not more clear who won.




copper member
Activity: 2310
Merit: 1032
my bid was valid, but op needs to clear this up as multiple claims to this coin is being made.
full member
Activity: 238
Merit: 113
newbie
Activity: 8
Merit: 0
Squall - you win at 1.16BTC

lets switch to PM for exchange

I see your ending time in in GMT, roughly where are you, I have some trusted people I can collect if your worried about shipping, you can pm me more info if you dont want anymore public, my bid 1.16, plus even if you post it, there is not export paperwork :-) I am in uk too

full member
Activity: 238
Merit: 113
Looks like high bid was me, we closing this deal or what??
full member
Activity: 238
Merit: 113
yes, but with escrow and risk, that doesn't look like a great premium.

i also believe i have 1BTG worth another 0.015BTC

which makes my starting price lower than the face value.

umm.  it would have been nice if someone pointed this out, or is it obvious to you all?



Im not sure how escrow affects you being a buyer is paying the fee and escrow is to alleviate the risk for the buyer and seller
full member
Activity: 238
Merit: 113
OK,

I will keep the auction going, but, I reserve the right not to sell.

Apologies to those who already bid in good faith.



Nice auction is almost over and not happy so back out, that will get you some red IMO
I myself stuck my foot in my mouth a week ago on a large deal and put a price out there and sold but as much as I wanted to not honor it I did!
sr. member
Activity: 343
Merit: 254
From The New World
I learned my lesson on a newbie auction. If they don't like the auction price they just disappear or decide not to sell. I do not want discourage legit newbies out there, but been burned twice already. Best thing would be  to send it to Minerjones or another reputable member to sell the coin.
copper member
Activity: 2310
Merit: 1032
I see your ending time in in GMT, roughly where are you, I have some trusted people I can collect if your worried about shipping, you can pm me more info if you dont want anymore public, my bid 1.16, plus even if you post it, there is not export paperwork :-) I am in uk too
legendary
Activity: 1554
Merit: 1009
it would have been nice if someone pointed this out, or is it obvious to you all?

LOL

It would have been nice if you'd done the most basic level of research before starting the auction

Only thing obvious here is that you're in over your head
legendary
Activity: 1809
Merit: 1136
newbie
Activity: 8
Merit: 0
OK,

I will keep the auction going, but, I reserve the right not to sell.

Apologies to those who already bid in good faith.

sr. member
Activity: 800
Merit: 326
yes, but with escrow and risk, that doesn't look like a great premium.

i also believe i have 1BTG worth another 0.015BTC

which makes my starting price lower than the face value.

umm.  it would have been nice if someone pointed this out, or is it obvious to you all?


My guess is that you will get some higher bids when the deadline approaches... and then it will be easier for you to sell rather than peel the coin. Smiley
newbie
Activity: 8
Merit: 0
yes, but with escrow and risk, that doesn't look like a great premium.

i also believe i have 1BTG worth another 0.015BTC

which makes my starting price lower than the face value.

umm.  it would have been nice if someone pointed this out, or is it obvious to you all?


sr. member
Activity: 800
Merit: 326
So,

perhaps someone can help with this.

as i understand this, my bitcoin (created pre-fork) is actually worth 1BTC and 1BCH. 

with 1BCH = 0.09BTC approx (today), my physical coin is actually worth 1.09BTC.

is this correct?

i'm thinking I would be better off peeling off the sticker.

thoughts?



You have a 1.15 BTC bid from realhummer.

1.15 > 1.09

 Smiley
newbie
Activity: 8
Merit: 0
So,

perhaps someone can help with this.

as i understand this, my bitcoin (created pre-fork) is actually worth 1BTC and 1BCH. 

with 1BCH = 0.09BTC approx (today), my physical coin is actually worth 1.09BTC.

is this correct?

i'm thinking I would be better off peeling off the sticker.

thoughts?





newbie
Activity: 8
Merit: 0
newbie
Activity: 8
Merit: 0
full member
Activity: 238
Merit: 113
legendary
Activity: 2240
Merit: 1001
full member
Activity: 238
Merit: 113
newbie
Activity: 1
Merit: 0
please check your pm.
newbie
Activity: 8
Merit: 0
Please excuse any naivety.  I have been building up courage to do this for a while, and am somewhat intimidated by the process.  If someone knows a better way of selling than on this forum, please do advise.

Anyhow, here are the pics:

https://imgur.com/a/y6mrH
https://imgur.com/a/ioj8q

I am happy to do escrow, buyer pays fees.  This thread https://bitcointalksearch.org/topic/closed-casascius-1-btc-bitcoin-brass-unopened-2011-typing-error-in-hologram-1955202 references minerjones who may be willing to help.

I purchase direct from Mike Caldwell in 2012/13 (I no longer have the correspondence, or packaging), and it has sat in a drawer ever since.

Here is a link to the actual coin:

https://casascius.uberbills.com/?address=1F3tZPu8UpYxFSot6sLPEM4A36JkVMPArB

bidding starts at 1.1B, increments of 0.01B

Auction will close on Tuesday 12.12.2017 at 20.00 GMT or 10 minutes after last bid.

Do ask any question, and especially advise if I am making some mistakes.
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