Topic: [CLOSED] 2011 Casascius 25 BTC Coin / Graded MS-62 / Funded with 40BTC (Read 1310 times)

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)?

You're welcome 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.

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. 

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

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

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

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 

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.

Then he includes the broken ANACS slab  and maybe try to keep the labels in one piece.

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

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  

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.   

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

Good luck with your sale OP .

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.

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?

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?

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!

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

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?

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

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2011 Casascius 25 BTC [40 BTC funded]
« Sent to: Poloherb on: Today at 06:17:41 PM »
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!!! WARNING: This user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!!
Quote from: Poloherb on Today at 06:00:52 PM
This will be a second offer
I offer 40.05BTC

https://bitcointalksearch.org/topic/closed-2011-casascius-25-btc-coin-graded-ms-62-funded-with-40btc-1337933

Hi Poloherb,

Thank you for your offer, hoping it is a serious one as ive been messed about quite a lot via pm Sad
I really dont want to peel this coin so will accept your offer to keep it intact.
I dropped OgNasty a PM to act as escrow and he sent me this pm -

Quote from: OgNasty on Today at 06:10:52 PM
Hi Loqlow,

No problem acting as Escrow for your Casascius sale.

Please forward the buyer the link below to my main Escrow thread on the forum -

www.bitcointalk.org/index.php?topic=303281

After he has deposited 40.05BTC to the Escrow address in my first post ask him to pm myself and you the transaction I.D.

After you have confirmed payment you are safe to ship the coin.

@Poloherb please pm me when you have received the coin and I will release the funds.

Cheers,
OgNasty

Ball is now in your court, drop me a pm with your full shipping info and the transaction I.D after you have sent the funds to OgNasty.

Coin will ship first thing Monday.

This will be a second offer
I offer 40.05BTC

I would be interested in the coin.   Since this is not an auction, there is no sense bidding.  Let me know if you're going to sell.
David is on target with the value of the coin though.

Agreed.  It doesnt have much collectible value being overfunded and a low ANACS grade.  I'd say its worth the value of the total loaded bitcoin and a peeled 25 BTC.   

I can offer 40.4BTC

With that low of a grade I would have offered 26BTC for it, but the over funding pretty much takes that off of the table for me. I think your best bet here is to peel the coin and sell it.

As would I. I hate to see a Casascius get peeled but it might be a hard sell since it is funded so much higher than the face value. Even some 25BTC coins in great condition with provenance (the one by wheresmycoin comes to mind but I can't find the for sale thread) have had a tough time selling lately. I would definitely be patient as the market is rather slow at the moment.

I'd love to get my hands on a redeemed one for 0.5 BTC.  (Basically a 40.5 BTC offer)

If you're interested in a ball park value, I'd look at the premium on an ungraded coin and then a graded.

Typically I've seen 25BTC coins go for anywhere from 25.5 to 28BTC. Graded ones have grades from AU58-MS67(I haven't seen higher) and the MS67 had a premium of roughly 5-6BTC iirc.

Yours could have a premium of maybe 2-5BTC depending on the buyer. Some people don't like the idea of over funding it since it means you need to dish out more capital and 'may' affect resale value.

All of that said, it's a great looking coin and all the best to get it sold

Note, this coin has been opened and is for sale here:
https://bitcointalksearch.org/topic/closed-peeled-2011-casascius-25-btc-coin-graded-ms-62-slab-included-1339979

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I have a graded 25 BTC Casascius coin that I'm considering selling in the near future.

The coin's public address is 1PtwkMfs6hdcLRyaYvTmwQvxPakRGokX3L.

The coin's total funded value is BTC40. I loaded the coin with an additional BTC15 in 2013.

I'm the original owner of this coin. I purchased it directly from Mike Caldwell.

I'd appreciate any assistance in determining the ballpark value of this coin.

Thanks very much, and I'd be more than happy to answer any questions!