Casascius Coin 1BTC | Bitcointalksearch.org

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Vicente on June 16, 2021, 05:38:16 PM

I have a 1 BTC Casascius coin and want some advice.

What would the the average price be for this coin in BTC?

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

Price depends on which year coin it is, what it's made out of, the condition it's in, and the current market sentiment towards these collectibles.

I wouldn't peel it to move it to an exchange for interest. Literally these coins are made so you don't have to store your BTC in some 3rd party holding solution. You'd be adding liabilities for very little reward.

I think when it comes to Casascius coins you have 3 options. Peel the coin and cash out the BTC (then sell the peeled coin). Sell the coin in tact for above the held value. Hold onto the coin until you're ready to cash out. Peeling to get low interest wouldn't be an option for me because you'd probably get more selling it in tact anyway (depending on your hold time with the interest), and you'd be opening yourself up to more liability. The only reasons I could see someone doing this is if you didn't trust Casascius anymore, or you wanted to diversify your passive income more than you want to invest in a collectible.

blucepheus

copper member

Activity: 544

Merit: 215

Quote from: Potato Chips on June 18, 2021, 10:57:07 AM

Quote from: sheenshane on June 17, 2021, 11:50:21 AM

I also didn't an expert on this but based on my quick research it usually sold on the eBay market and here in Bitcointalk at the collectible section as linked above. I don't know how much the price because you didn't show any image as an example but you can visit eBay.

Ebay is bad bad. There is pretty much no seller protection as they would often side with the buyer. Horror stories about this are all over the internet, search engine is your friend. Cryptocurrency specific items are also overpriced and is therefore not a good platform for gauging the price.

I suggest sticking in this forum @op. You can look up past threads about your casascius coin by adding "site:bitcointalk.org" when you search.

This.

Gatorelf

sr. member

Activity: 845

Merit: 267

Picture front and back with your user name and date next to it

you can use imgur.com to host the pics then use the forum link provided

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: sheenshane on June 17, 2021, 11:50:21 AM

I also didn't an expert on this but based on my quick research it usually sold on the eBay market and here in Bitcointalk at the collectible section as linked above. I don't know how much the price because you didn't show any image as an example but you can visit eBay.

Ebay is bad bad. There is pretty much no seller protection as they would often side with the buyer. Horror stories about this are all over the internet, search engine is your friend. Cryptocurrency specific items are also overpriced and is therefore not a good platform for gauging the price.

I suggest sticking in this forum @op. You can look up past threads about your casascius coin by adding "site:bitcointalk.org" when you search.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: Vicente on June 16, 2021, 05:38:16 PM

I have a 1 BTC Casascius coin and want some advice.

What would the the average price be for this coin in BTC?

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

In the collectibles board/forum, people do an auction starting 1 btc (since its 1 btc cas), with an increment you decide. Since its limited, every collector there really want that piece, even the bitcoin price reached $100k, there are still collectors who will buy for 1 btc for that, trust me Cheesy

The time you transfer your funds to an exchange, that means that you fully trust the exchange, considering such amount and your personal info will be asked. You should consider also that you will no longer fully control of that funds. Regardless the exchange is trusted like binance, there are still users got an issue and locked their account together with their funds.

hugeblack

legendary

Activity: 2702

Merit: 4002

If you post a picture of it, you will get more accurate answers. In general, you should search first and ask a high price, and then until you reach the right price. Asking about the price of a commodity you own will result in an evaluation of it at less than its fair price.

Quote from: Vicente on June 16, 2021, 05:38:16 PM

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

It is better and safer to convert your money to good POS cryptocurrency where you can get a free APY return although I think the return (in dollars) generated from Bitcoin is high and appropriate.

sheenshane

legendary

Activity: 2492

Merit: 1232

I also didn't an expert on this but based on my quick research it usually sold on the eBay market and here in Bitcointalk at the collectible section as linked above. I don't know how much the price because you didn't show any image as an example but you can visit eBay here. https://www.ebay.com/b/casascius-bitcoin/bn_7024834955. As I heard, the creator of that Casascius coin has minted a coin that has a private key and has 1 Bitcoin inside of it that you can sell at this current price.

Quote

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

If you have a Bitcoin through your Casascius coin inside, much better you will keep it, exchange doesn't have a guarantee to keep your Bitcoin safe because you don't have full control over your private key. You should keep it if you dont spend it.

It could be on eBay and here on Bitcointalk the best place to sell your coin.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: Vicente on June 16, 2021, 05:38:16 PM

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

Earning interest? no. You're risking it by putting or depositing to an exchange for which they hold it and they won't give you the private keys. Well, what you must has already been suggested by NeuroticFish, people from the Collectibles are experts there and can give you the best answer that you want to hear. But again, if you're going to put that on exchange, you might do better if you're going to hold it on a wallet that you hold the private keys.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Vicente on June 16, 2021, 05:38:16 PM

What would the the average price be for this coin in BTC?

Such a coin is a collectible. And the people from Collectibles subforum can answer best to this answer or point you to the right direction.
And since many of them don't have other interests in this forum, best is to ask there (either move this topic there, either ask again)

Quote from: Vicente on June 16, 2021, 05:38:16 PM

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

Any proper bitcoiner will tell you that it's not worth to move coins from your wallet to the custody of somebody else, no matter how reputed that somebody else is. Shortly "not your keys, not your coins".
Bitcoin, on the average, has a very good increase in price over time, so seeking extra earnings has more risks than benefits.
In your case, since it's a collectible, also peeling off the seal for the coin should decrease its value by a great deal.

But again, I am not a specialist in this, go to the collectibles section and ask there, it's the best approach: https://bitcointalk.org/index.php?board=217.0

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: Vicente on June 16, 2021, 05:38:16 PM

What would the the average price be for this coin in BTC?

Would help if you can post what type do you have and its condition.

Quote from: Vicente on June 16, 2021, 05:38:16 PM

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

You risk of getting your funds locked/getting asked to KYC which is usually a total nightmare for reasons:

1. Support works at a very slow pace
2. KYC could be over the top which means your ID and proof of address may not be enough;
3. Complying doesn't mean you'll get your funds back, it is still within their discretion
4. No way to verify if they actually have set effective precautionary measures from hacking.

Holding where you have full control of your coins would be a better option if you're looking to increase its value over time but this is of course if you believe in bitcoin.

PS: you can move this to Collectibles to get a better set of response

Vicente

member

Activity: 99

Merit: 10

I have a 1 BTC Casascius coin and want some advice.

What would the the average price be for this coin in BTC?

Is it worth putting it into a crypto exchange and earn interest on that, or should I keep it closed?

Topic: Casascius Coin 1BTC (Read 279 times)