[CLOSED] 2011 Casascius 25 BTC Coin / Graded MS-62 / Funded with 40BTC

loglow

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Quote from: Blazed on January 24, 2016, 01:13:04 PM

Here you go... I also have a video of me cracking a slab if interested. I have it down and can knock out a slab in under 30 seconds now Tongue

Blazed, thanks for the info and picture!

I ended up using a pull saw and it worked pretty well. I sawed off the bottom edge with two shallow angle cuts, then was able to cleanly split the case up along its sides to pull it apart wide enough to slide the coin (and its plastic ring) out. What's especially nice is that it left the remaining part of the slab in one piece and the top labels totally sealed and undisturbed.

Just out of curiosity, why did you crack open that MS-64 error coin (the one pictured)?

loglow

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Activity: 69

Merit: 3

Quote from: Michail1 on January 25, 2016, 01:08:22 AM

Well, that's a shame. I would have offered more if you were showing that you had interest.

That said, it means there is one less coin making the rest more rare. Thank you.

Strangely, you will probably get close to the same value by the peeling and selling the blank.
Also, going the route you did is far more safe and less time consuming.

You're welcome Wink

I think this puts the number of unopened 2011 25BTC coins at (or just below) 200.

To be honest, it wasn't my favorite Casascius coin, I always found it a bit large and gaudy. I'm not so much into the bling of reflective gold. But it certainly does have that "used in pictures by the media" appeal. I also wasn't so fond of shipping and insuring an item with that much value.

Anyway, I have a handful of other unopened & graded Cas coins that I like more, and plan to keep.

Michail1

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Well, that's a shame. I would have offered more if you were showing that you had interest.

That said, it means there is one less coin making the rest more rare. Thank you.

Strangely, you will probably get close to the same value by the peeling and selling the blank.
Also, going the route you did is far more safe and less time consuming.

loglow

jr. member

Activity: 69

Merit: 3

Quote from: OgNasty on January 24, 2016, 09:54:46 PM

Cool. Do your best to get a nice clean peel and place it back on the coin as smoothly as you can please.

Done. It peeled off very smoothly and went back on nice and flat.

Here is the sale thread:
https://bitcointalksearch.org/topic/closed-peeled-2011-casascius-25-btc-coin-graded-ms-62-slab-included-1339979

OgNasty

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Quote from: loglow on January 24, 2016, 09:47:53 PM

Just to let folks know, I have decided to peel this particular coin.

I will be posting the coin and slab for sale shortly in a new thread.

I appreciate the offers and assistance I've received from everyone!

Best, -Dan

Cool. Do your best to get a nice clean peel and place it back on the coin as smoothly as you can please.

loglow

jr. member

Activity: 69

Merit: 3

Just to let folks know, I have decided to peel this particular coin.

I will be posting the coin and slab for sale shortly in a new thread.
Edit: the new thread is here: https://bitcointalksearch.org/topic/closed-peeled-2011-casascius-25-btc-coin-graded-ms-62-slab-included-1339979

I appreciate the offers and assistance I've received from everyone!

Best, -Dan

Blazed

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Here you go... I also have a video of me cracking a slab if interested. I have it down and can knock out a slab in under 30 seconds now Tongue

Blazed

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Merit: 1119

Quote from: wttbs on January 24, 2016, 12:23:03 PM

Quote from: Blazed on January 24, 2016, 12:14:04 PM

Quote from: wttbs on January 24, 2016, 11:51:57 AM

If loglow peels the coins, redeems all BTC on it and then sells the emty coin + the peeled hologram + ANACS case he might get a nice price for it because it has a nice story Grin

The problem is to open the slab you have to bust it up quite a bit. I have cracked probably 40 slabs so far Shocked

Then he includes the broken ANACS slab Grin

and maybe try to keep the labels in one piece.

They come apart pretty well. I can post a pic of a recently cracked slab if you would like to see one? I clip off the bottom corners then pry them open with a screw driver.

wttbs

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Quote from: Blazed on January 24, 2016, 12:14:04 PM

Quote from: wttbs on January 24, 2016, 11:51:57 AM

If loglow peels the coins, redeems all BTC on it and then sells the emty coin + the peeled hologram + ANACS case he might get a nice price for it because it has a nice story Grin

The problem is to open the slab you have to bust it up quite a bit. I have cracked probably 40 slabs so far Shocked

Then he includes the broken ANACS slab Grin

and maybe try to keep the labels in one piece.

Blazed

legendary

Activity: 2128

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Quote from: wttbs on January 24, 2016, 11:51:57 AM

If loglow peels the coins, redeems all BTC on it and then sells the emty coin + the peeled hologram + ANACS case he might get a nice price for it because it has a nice story Grin

The problem is to open the slab you have to bust it up quite a bit. I have cracked probably 40 slabs so far Shocked

wttbs

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If loglow peels the coins, redeems all BTC on it and then sells the empty coin + the peeled hologram + ANACS case he might get a nice price for it because it has a nice story Grin

Michail1

legendary

Activity: 1499

Merit: 1164

Quote from: ?? on ??

Michail1, would you get it regraded??

No, I would keep the coin in the current state. Because, it's nice to have the 'older' encapsulation cert date.

Would it grade higher? Probably, but everyone knows older coins received lower grades. Knowing this, it's better to have the lower cert number in my opinion.

I believe the OP is going to peel it and sell the redeemed coin since he would get about the same value as selling the coin as is and without the risk of shipping, etc.

Personally, I would rather see it peeled as it would raise the value of everyone elses since there would be one less in existance.

hedgy73

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Activity: 1414

Merit: 1077

Quote from: Poloherb on January 23, 2016, 01:33:37 PM

If you do not see a difference Take a look on nickname
loglow (orginal) Loqlow ( fake name)

Scammers profile if anyone else wants to neg rep them: https://bitcointalksearch.org/user/loqlow-738284

Good luck with your sale OP

.

Ghost_of_wheelz1200

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Activity: 21

Merit: 0

Quote from: loglow on January 23, 2016, 05:11:28 PM

Quote from: Ghost_of_wheelz1200 on January 23, 2016, 05:06:09 PM

So you sent an extra 15 btc when bitcoin hit it's peak. Was there a reason you did that. Just wondering why you didn't use another cold storage method?

Probably wasn't the brightest idea I've ever had, but basically: I wasn't very aware of the collectable value of the Casascius coins at the time, and I wanted to consolidate some BTC value in the same (offline, physical) place. I've done dumber things, but this was (in retrospect) reasonably dumb. Oh well, live and learn, right?

Nah its not going to cost you much. Like blazed said you probably would only get 26-27 btc for it anyway. So even if you peeled it, got your bitcoin and sold the redeemed coin you would be in the same place anyhow. Was just wondering. Good luck with your sale.

loglow

jr. member

Activity: 69

Merit: 3

Quote from: Ghost_of_wheelz1200 on January 23, 2016, 05:06:09 PM

So you sent an extra 15 btc when bitcoin hit it's peak. Was there a reason you did that. Just wondering why you didn't use another cold storage method?

Probably wasn't the brightest idea I've ever had, but basically: I wasn't very aware of the collectable value of the Casascius coins at the time, and I wanted to consolidate some BTC value in the same (offline, physical) place. I've done dumber things, but this was (in retrospect) reasonably dumb. Oh well, live and learn, right?

Ghost_of_wheelz1200

newbie

Activity: 21

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So you sent an extra 15 btc when bitcoin hit it's peak. Was there a reason you did that. Just wondering why you didn't use another cold storage method?

loglow

jr. member

Activity: 69

Merit: 3

Hi, and thanks for all the responses so far!

For the record, I did not send the above quoted PM to Poloherb. Though I haven't been very active, you'll see that I did register my account here years ago. The message posted is from a new user with a name very similar to mine: their name has a lowercase Q where mine has a G! Anyway, please be careful. I'll report the scammer account and hopefully get them removed.

Some additional information about myself and the coin:

I'm located in the United States.
I was also surprised by the MS-62 grade. There's a tiny nick in the very edge of the hologram in one spot, so I wonder if that contributed to it.
There's also a strain mark in the plastic holder near the lower-right corner of the BTC symbol, I think because of the thickness of the coin in that spot. It's been there since the day I got it back from ANACS. This obviously doesn't affect the coin itself though.
Interestingly, at one point I sent ANACS a peeled 25 BTC coin, and they returned it ungraded saying that it wouldn't fit in their holder!

Michail1

legendary

Activity: 1499

Merit: 1164

Quote from: mexxer-2 on January 23, 2016, 02:18:53 PM

Quote from: Poloherb on January 23, 2016, 01:33:37 PM

If you do not see a difference Take a look on nickname
loglow (orginal) Loqlow ( fake name)

I see, but according to what I've seen with such scam attempts, the thread usually links to another site. And the one you posted redirects to Ognasty's actual thread. Could you use the Quote function?

Uhhh, what?

The point is, there is a scammer trying to accept an offer already lower the previous offers on the coin with a nick similar to the seller and just registered. Quotes don't matter.

My offer is 40.50

mexxer-2

hero member

Activity: 924

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Quote from: Poloherb on January 23, 2016, 01:33:37 PM

If you do not see a difference Take a look on nickname
loglow (orginal) Loqlow ( fake name)

I see, but according to what I've seen with such scam attempts, the thread usually links to another site. And the one you posted redirects to Ognasty's actual thread. Could you use the Quote function?

Poloherb

sr. member

Activity: 449

Merit: 251

CryptoPhysical.com

If you do not see a difference Take a look on nickname
loglow (orginal) Loqlow ( fake name)

Topic: [CLOSED] 2011 Casascius 25 BTC Coin / Graded MS-62 / Funded with 40BTC (Read 1308 times)