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Topic: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) - page 14. (Read 130352 times)

vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
when will u stop selling 2013's? and when will u start 2014's?

I will probably stop selling the 2013's when I run out of the materials.  On some, I'm almost out.

The silver 1oz's are almost gone.  Down to the last few hundred.  I expect to run out before year end and then not have any 1oz silvers for a while.  It will probably be my last 1oz 1btc silver coin, favoring 0.1 btc or similar for the next 1oz coin.

On the 2013 brass 1BTC's I will run out of the series2 style holograms first, and that's when I'll stop with those.  Somewhere around 20 more rolls.  Maybe run out by year end, maybe not.  2014 coin will have new hologram.

As for what I plan for 2014, I'm working on something neat, I'll just leave it at that.


hero member
Activity: 712
Merit: 500
when will u stop selling 2013's? and when will u start 2014's?
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
Hey man from payment to being sent out what is the turn around time.?

Relatively fast lately, consistently faster than the 7-10 day time window I have listed on my web site at least for now.

(For reference, whenever I bring out a new product, that is when I am slowest, as that brings a spike in volume)
hero member
Activity: 574
Merit: 500
Mining for the hell of it.
Hey man from payment to being sent out what is the turn around time.?
donator
Activity: 2772
Merit: 1019
They don't sell now anymore, too expensive.

I've seen a pretty big uptick in the last few days on rolls of coins, probably in part due to the observation that someone just successfully sold two full rolls of 50 coins on eBay for $35,000 each (!) (which I calculated to be a $13,500 premium on the roll, or $270 per coin, based on the bitcoin value at the time).  Apparently the offer included a flight to Miami to do the deal in person, which suggested to me three things, 1) whoever did it was smart and eliminated the paypal fees and chargeback risk, 2) probably less risk for the buyer too, making it an appealing way for a sophisticated buyer to 'just get some damn coins", and 3) either the seller has a supply of buddy passes, flyer miles, or cheap airline tickets, or may well have just saved enough in paypal fees to do the deal in person that paying for a flight was an automatic no-brainer.

The two rolls appeared to sell in fairly quick succession (like 2 hours apart), and it seemed as though the 2nd roll was a one-click relisting of the first one, but I can't tell for certain because I couldn't find the exact start time of the two auctions.


I sold a miner that wont ever mine more than 0.5 BTC on eBay (when BTC was at $140) for €600. People on eBay can be weird.

Why didn't this guy just order from you directly and save $13,500?

Maybe someone just wanting to get into Bitcoin any which way possible... and quick.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
i'm not exactly sure, but i think the 1st auction (and possibly the 2nd) were ended by the seller and not necessarily sold.

Can anyone confirm?  They look sold to me as Buy It Now.  (if I do a Completed LIstings search on "casascius roll", it appears with price in green - usually unsold/ended prices are red - and if I look at details, each says Sold for: US $35,000.00)... it's important to me to be relaying accurate info, and I definitely don't want to rely on this if I'm mistaken
hero member
Activity: 712
Merit: 500
i'm not exactly sure, but i think the 1st auction (and possibly the 2nd) were ended by the seller and not necessarily sold.
sr. member
Activity: 369
Merit: 250
So with the an exchange rate of lets say $600.. On a roll of 50 0.5btc coins, each has a premium of about $28 dollars. I was hoping that price would be adjusted down a little.. i'm guessing that's not likely now? Smiley
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
They don't sell now anymore, too expensive.

I've seen a pretty big uptick in the last few days on rolls of coins, probably in part due to the observation that someone just successfully sold two full rolls of 50 coins on eBay for $35,000 each (!) (which I calculated to be a $13,500 premium on the roll, or $270 per coin, based on the bitcoin value at the time).  Apparently the offer included a flight to Miami to do the deal in person, which suggested to me three things, 1) whoever did it was smart and eliminated the paypal fees and chargeback risk, 2) probably less risk for the buyer too, making it an appealing way for a sophisticated buyer to 'just get some damn coins", and 3) either the seller has a supply of buddy passes, flyer miles, or cheap airline tickets, or may well have just saved enough in paypal fees to do the deal in person that paying for a flight was an automatic no-brainer.

The two rolls appeared to sell in fairly quick succession (like 2 hours apart), and it seemed as though the 2nd roll was a one-click relisting of the first one, but I can't tell for certain because I couldn't find the exact start time of the two auctions.
legendary
Activity: 4466
Merit: 3391
You guys that got into the BTC frenzy early on are sooooooooo lucky. You have thousands of BTC just lying around in your wallets................ sooooooooooooooooooooooooooooooo lucky!!!!!!!!

People that get involved now are still early adopters. In a year, someone is going to write the same thing about you.
full member
Activity: 182
Merit: 100
The General
You guys that got into the BTC frenzy early on are sooooooooo lucky. You have thousands of BTC just lying around in your wallets................ sooooooooooooooooooooooooooooooo lucky!!!!!!!!
hero member
Activity: 1974
Merit: 856
Looks like my casacius coin must have been put away a little damp from when I took my flaming $100 picture and has picked up a few spots of corrosion. Anyone know the best way to clean it up?
I would say: don't even think about to clean a coin. It always comes with a loss in value. You might be able to make it more shiny but you can't increase the quality.
But also I've read about people who used brass-cleaner on Casascius coins... so you might get a different opinion of somebody else Wink
hero member
Activity: 712
Merit: 500
in interested in getting a couple of the 1btc silvers. or even the bronze.

can someone in the usa set up a group buy for these.
donator
Activity: 2772
Merit: 1019
One question about collectible value of the casascius coins

How much of a price premium people pay for a 1, 10, ... physical bitcoins versus the BTCUSD rate?

Remember that the coins sold for 1.20-1.25 BTC, but have 1BTC of digital currency. One would expect a coin to retain this value when resold. Spending the coin likely destroys the price premium paid for it (e.g., is a spent coin worth 0.25 BTC?).

Very interesting discussion above about premium (Chainsaw, oblovodov...)

Currently sitting on some 0.5 brass coins (bought when Mike was auctioning them off for around BTC 0.66). These are now sold by Mike for BTC 0.54, I think. I had been successfully selling them for BTC 0.89 (including worldwide shipping and goodies however) when Bitcoin was around $100.

They don't sell now anymore, too expensive.

On the other hand: If I had any of the 1 BTC ones left from 2011 (bought for 1.25 BTC?), I could've sold these for BTC 6 couple months ago. Don't know how much they'd sell for now (would be interesting to know)

So maybe one just has to wait it out. Probably going to sell some on Bitcoin Friday.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Looks like my casacius coin must have been put away a little damp from when I took my flaming $100 picture and has picked up a few spots of corrosion. Anyone know the best way to clean it up?
legendary
Activity: 1578
Merit: 1000
May the coin be with you..
Sorry if this is in the thead, can't find it for the life of me.
What diameter capsule/air tite will I need for the 1BTC and 5BTC coins?

Discussed here: https://bitcointalksearch.org/topic/m.1324189


Thank you, just what I needed
legendary
Activity: 4466
Merit: 3391
Sorry if this is in the thead, can't find it for the life of me.
What diameter capsule/air tite will I need for the 1BTC and 5BTC coins?

Discussed here: https://bitcointalksearch.org/topic/m.1324189
legendary
Activity: 1512
Merit: 1036
One question about collectible value of the casascius coins

How much of a price premium people pay for a 1, 10, ... physical bitcoins versus the BTCUSD rate?

Remember that the coins sold for 1.20-1.25 BTC, but have 1BTC of digital currency. One would expect a coin to retain this value when resold. Spending the coin likely destroys the price premium paid for it (e.g., is a spent coin worth 0.25 BTC?).

This question is whether a $400 1.00 BTC coin is still worth 0.25 BTC mint cost, a premium of $100. I think it has been established that the numismatic value at least has maintained the original BTC premium, but it is still market/buyer dependent.

A coin with money added is worth just the money added; anybody can add money to a coin. Maybe it even removes utility from the coin, since it can't be handed over at face value any more.
legendary
Activity: 1578
Merit: 1000
May the coin be with you..
Sorry if this is in the thead, can't find it for the life of me.

What diameter capsule/air tite will I need for the 1BTC and 5BTC coins?

Thanks
hero member
Activity: 625
Merit: 501
x
TL;DR:I theorize the existence of any collectible market relies on premiums being attached to the commodity upon which they are based. In this case, casascius coins premiums will be measured in terms of BTC, not USD.
...
B)
Joe's adds $1000 for each of his 100 BTC, taking his $100,000 in spot up to a net value of $200,000.
Jane adds $0 for each of her 200 BTC, taking her $200,000 in spot up to a net value of $200,000.

I agree, but don't forget scenario C:

Joe's can add only $500 for each of his 100 BTC, taking his $100,000 in spot up to a net value of $150,000.
Jane adds $0 for each of her 200 BTC, taking her $200,000 in spot up to a net value of $200,000.

The premium is what the market will support, not an arbitrary value set by the seller. If the premium is high at the start, it might fall. This is what happened with Casascius' 1 BTC Silver coins.

I fully agree, odolvlobo. That's why I said:


With the simple example, in B) we see Joe and Jane coming out exactly equal.
Whether in the long run Joe's value comes out ahead of or behind Jane has to do with any change in BTC premiums in the secondary market.
Whether those premiums are higher or lower than the original premiums that Mike offers will be purely driven by whether future investors perceive a greater value.


I was trying to keep the example simple so the post could focus on one point: That those premiums, while potentially higher or lower than initial offering price - are measured and evaluated in terms of BTC, and not USD.  Exploring the reasons why those premiums might increase or decrease, while remaining in terms of BTC...I see that as a separate but equally fascinating topic to explore.
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