Topic: Casascius 25 BTC sells for just under $1.7M with a $49,700 premium (Read 192 times)
November 19, 2021, 08:06:39 PM
As incredible as they are, they fetch some of the lowest premiums of any Casascius. They tend to go for 27-28, but probably not at our current ATH.
November 19, 2021, 05:06:20 PM
so in BTC that went for less than 28?
Seems they sold for 28 in the ANN. (if you bought 1 -4)
https://bitcointalksearch.org/topic/the-25-btc-casascius-physical-bitcoin-is-here-47060
thinking in BTC terms, coins dont really appreciate in value but I like them... a lot.
That is a beautiful coin and congrats to the buyer. what a purchase.
Seems they sold for 28 in the ANN. (if you bought 1 -4)
https://bitcointalksearch.org/topic/the-25-btc-casascius-physical-bitcoin-is-here-47060
thinking in BTC terms, coins dont really appreciate in value but I like them... a lot.
That is a beautiful coin and congrats to the buyer. what a purchase.
November 19, 2021, 04:40:20 PM
Here's an article today announcing a sale of a 25 BTC Casascius.
https://coinweek.com/auctions-news/casascius-bitcoin-sells-for-1-69-million-at-greatcollections/
$49,700 premium (seems cheap to me).
https://coinweek.com/auctions-news/casascius-bitcoin-sells-for-1-69-million-at-greatcollections/
$49,700 premium (seems cheap to me).
It's closer to a $250,000 premium at current rates. That's more in line I think with what the market would expect for these. Even with a $50K premium though, there are a lot of Casascius coins I'd sell for that... The only ones I wouldn't are probably the 10 BTC coins. When you're discussing fiat sales though, everything is dependent on the Bitcoin exchange rate. If BTC goes to the moon then obviously this would be a dumb sale, but if it drops a lot then the seller would look like a genius. In the end, the premium is so dependent upon Bitcoin's price, it's almost like the coin doesn't really matter at all. At least in today's market.
Technically the premium is actually less than $50k. BTC price at auction end is the best comparator to market demand value. As the auction ended on 11/14 with BTC at $66k based on auction end time and not 11/19 BTC at $58k, though could argue whales know where price is going
Auction house conveniently includes the bitcoin value at auction end as well: https://www.greatcollections.com/Coin/1053185/2011-25-BTC-Casascius-Bitcoin-Gold-Plated-Coin-PCGS-MS-67
Forks were not calculated in the valuation and on a large denomination this is give or take $20k. Assuming you don’t butcher the label when you peel, you’d probably get $5k, so with shitforks and peeled value, you’re looking at a $25k premium which is very unfortunate given how incredible an unpeeled 25 Cas is when it comes to rarity and diamond hands. Meanwhile I would love to see these coins from scarce city that are “selling” for 75% premiums go up on these auction houses LOL I’ll bet the house on the under. Until then, hopefully we can see more Cas here and legitimate websites to determine value with BTC in this price range.
November 19, 2021, 03:33:09 PM
Here's an article today announcing a sale of a 25 BTC Casascius.
https://coinweek.com/auctions-news/casascius-bitcoin-sells-for-1-69-million-at-greatcollections/
$49,700 premium (seems cheap to me).
https://coinweek.com/auctions-news/casascius-bitcoin-sells-for-1-69-million-at-greatcollections/
$49,700 premium (seems cheap to me).
It's closer to a $250,000 premium at current rates. That's more in line I think with what the market would expect for these. Even with a $50K premium though, there are a lot of Casascius coins I'd sell for that... The only ones I wouldn't are probably the 10 BTC coins. When you're discussing fiat sales though, everything is dependent on the Bitcoin exchange rate. If BTC goes to the moon then obviously this would be a dumb sale, but if it drops a lot then the seller would look like a genius. In the end, the premium is so dependent upon Bitcoin's price, it's almost like the coin doesn't really matter at all. At least in today's market.
November 19, 2021, 02:21:24 PM
Here's an article today announcing a sale of a 25 BTC Casascius.
https://coinweek.com/auctions-news/casascius-bitcoin-sells-for-1-69-million-at-greatcollections/
$49,700 premium (seems cheap to me).
https://coinweek.com/auctions-news/casascius-bitcoin-sells-for-1-69-million-at-greatcollections/
$49,700 premium (seems cheap to me).
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