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Topic: Casascius 2011 Double Error Coin - page 2. (Read 3550 times)

legendary
Activity: 1372
Merit: 1000
May 03, 2016, 02:06:30 AM
#27
This excites me a lot actually. I cant afford one of these but if I had one I wouldn't sell it for the world Smiley
legendary
Activity: 2688
Merit: 1192
May 02, 2016, 01:22:44 AM
#26

I pulled that number out of a hat, completely arbitrary. Correct that I am not actively looking to sell it... but for a ridiculous offer? Who knows.


0.123456888, do you accept my ridiculous offer Huh
legendary
Activity: 1534
Merit: 1133
derp
May 01, 2016, 11:01:31 PM
#25
i dont see the value in these coins. i agree with blazed, there is no error. even if its a distinction of uniqueness, its hardly a big change. definitely not something worth much money.
i do not believe the market will pay very much for this coin. not much more than the error coin market rate, plus maybe 5-10%, anything else is silly.

I would keep it for your collection.

Fair opinion. But why 5-10%? Why not 15-500%? Why is one collector's valuation "silly" when compared to another's? The "market" has provided a few very interesting offers thus far Wink
newbie
Activity: 19
Merit: 1
May 01, 2016, 10:42:52 PM
#24
i dont see the value in these coins. i agree with blazed, there is no error. even if its a distinction of uniqueness, its hardly a big change. definitely not something worth much money.
i do not believe the market will pay very much for this coin. not much more than the error coin market rate, plus maybe 5-10%, anything else is silly.

I would keep it for your collection.
legendary
Activity: 1534
Merit: 1133
derp
May 01, 2016, 09:57:42 PM
#23
I really do not view these as a double error personally. An error to me is something obvious like a misspelled hologram, flaw in the coin, etc... To me he just printed them off center a tad not really seeing how that adds value?

Error coins are just coins that have some sort of mistake or anomaly when compared to the rest of the lot. The definition is wildly vague and open to interpretation (reference Morgan VAM cataloging as one example of the extreme).

You might not consider a text offset an "error", but in this case it is a distinct/unusual characteristic that is recognized and found only on a very small subset of coins.

As for adding value, again very much open to interpretation. Depends entirely on the collector. Do you just want one variety of a coin? Or do you want ALL varieties? Appreciate the input. I think it's a double-error.  Cheesy
legendary
Activity: 2128
Merit: 1119
May 01, 2016, 09:37:25 PM
#22
I really do not view these as a double error personally. An error to me is something obvious like a misspelled hologram, flaw in the coin, etc... To me he just printed them off center a tad not really seeing how that adds value?
legendary
Activity: 1534
Merit: 1133
derp
May 01, 2016, 07:16:56 PM
#21
I have this same concern. Currently reaching out to Eliante to see if he knows where the "five" originated.

That said, I do consider the coin an interesting anomaly. How many have surfaced now? Just two?

I have been reached!

The information was posted on the Casascius blog, though I have been unable to relocate the information (It is still probably there, though).
Luckily, I do have a saved image that used to be in his blog (image search does not find it posted anywhere else, though..).
I believe that this image is sufficient evidence to declare that 5 of these coins exist.
We do not know the specific first-bits of the coins. at this point, I am aware of two.
Of the remaining three, it is entirely possible (indeed, likely due to the redemption rate) that at least one has been redeemed.



Thank you sir! Now who wants a glorious 1of5 (or less) Casascius oddity?
legendary
Activity: 1401
Merit: 1143
The Cryptonumist
May 01, 2016, 04:08:28 PM
#20
I have this same concern. Currently reaching out to Eliante to see if he knows where the "five" originated.

That said, I do consider the coin an interesting anomaly. How many have surfaced now? Just two?

I have been reached!

The information was posted on the Casascius blog, though I have been unable to relocate the information (It is still probably there, though).
Luckily, I do have a saved image that used to be in his blog (image search does not find it posted anywhere else, though..).
I believe that this image is sufficient evidence to declare that 5 of these coins exist.
We do not know the specific first-bits of the coins. at this point, I am aware of two.
Of the remaining three, it is entirely possible (indeed, likely due to the redemption rate) that at least one has been redeemed.

legendary
Activity: 1534
Merit: 1133
derp
May 01, 2016, 03:26:23 PM
#19
I'll start the bidding at 100BTC Tongue
dazed...I really hope you're joking.   
I kind of get the feeling that starting bid is implying he isn't looking to sell it  Wink

Congrats on a great pick up Dazed  Grin

I pulled that number out of a hat, completely arbitrary. Correct that I am not actively looking to sell it... but for a ridiculous offer? Who knows.

I think this kind of "trick" is used to boost the price.
I really can't understand the denomination "double error" ... Are we sure that all old casascius have printed correctly the holograms? (0.001 mm can be a "double error" too maybe?)

And why only 5, who can prove it ?
My concern is that there isn't a list of the first bits for the 5 double errors. If the coin addresses are not known, then how can it be known that there were actually 5 ?

Elianite may have spoken with Mike about these coins, before they were added to his original casascius guide. He may have some additional detail not in the ebook perhaps ....

I have this same concern. Currently reaching out to Eliante to see if he knows where the "five" originated.

That said, I do consider the coin an interesting anomaly. How many have surfaced now? Just two?
legendary
Activity: 1252
Merit: 1259
MONKEYNUTS
May 01, 2016, 02:26:38 PM
#18
I think this kind of "trick" is used to boost the price.
I really can't understand the denomination "double error" ... Are we sure that all old casascius have printed correctly the holograms? (0.001 mm can be a "double error" too maybe?)

And why only 5, who can prove it ?


My concern is that there isn't a list of the first bits for the 5 double errors. If the coin addresses are not known, then how can it be known that there were actually 5 ?

Elianite may have spoken with Mike about these coins, before they were added to his original casascius guide. He may have some additional detail not in the ebook perhaps ....
hero member
Activity: 494
Merit: 500
May 01, 2016, 01:54:11 PM
#17
I think this kind of "trick" is used to boost the price.
I really can't understand the denomination "double error" ... Are we sure that all old casascius have printed correctly the holograms? (0.001 mm can be a "double error" too maybe?)

And why only 5, who can prove it ?
hero member
Activity: 578
Merit: 554
May 01, 2016, 12:39:27 PM
#16
Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  Smiley

I'll start the bidding at 100BTC Tongue


dazed...I really hope you're joking.   

Not sure where you came up with this arbitrary amount.  There are possibly the same amount of 0.5B void coins and those command around 5B each.  There are 1000B 2FA Bars (1 made), 100B 2FA Bars (4 made) that are bars, but rarer, and those didn't command anywhere near such asking prices.


I kind of get the feeling that starting bid is implying he isn't looking to sell it  Wink

Congrats on a great pick up Dazed  Grin
legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
May 01, 2016, 09:44:56 AM
#15
Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  Smiley

I'll start the bidding at 100BTC Tongue


dazed...I really hope you're joking.   

Not sure where you came up with this arbitrary amount.  There are possibly the same amount of 0.5B void coins and those command around 5B each.  There are 1000B 2FA Bars (1 made), 100B 2FA Bars (4 made) that are bars, but rarer, and those didn't command anywhere near such asking prices.
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
May 01, 2016, 01:30:09 AM
#14
Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  Smiley

I'll start the bidding at 100BTC Tongue



Sure, I'll start bidding at 100 mBTC!
legendary
Activity: 1534
Merit: 1133
derp
April 30, 2016, 06:40:49 PM
#13
Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  Smiley

I'll start the bidding at 100BTC Tongue
legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
April 30, 2016, 06:06:20 PM
#12
Nice coin.  Also curious about asking price.
hero member
Activity: 578
Merit: 554
April 30, 2016, 04:56:19 PM
#11
Wow... Do you have a ballpark of what you're looking to get for it? Also, do you mind giving some background on how you acquired it? I think that provenance and history will be very important to the sale of this coin. Great find!  Smiley
legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
April 30, 2016, 03:43:54 PM
#10
legendary
Activity: 1534
Merit: 1133
derp
April 30, 2016, 03:10:45 PM
#9
Found one.  Taking offers...  Grin

legendary
Activity: 1960
Merit: 1062
One coin to rule them all
November 27, 2015, 07:24:03 PM
#8
Is there any track on exactly which coins (addy) that is double error?

Not that I can find. I'm sure Mike would know but I don't think the information has been made public.

Taken directly from Elianite's book:

Quote
The specific coins and even load year are unknown, but they are all 2011 v1 1btc ‘Error Coins’

I am slightly concerned about the potential of fake "double errors".
Replicating a Casascius coin would be hard, but to modify an normal error coin into a double error coin would properly not be so hard. Because of the nature of series-1 coins (addy is printed on top of the hologram).

Think it would be a good idea to ask potential sellers about the background of the coin.
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