Topic: Decided to list entire collection. (Read 272 times)

Well said. Although, I have to say, emotions are what lead markets. Peoples feelings determine a lot. What I wrote does have feelings attached but also logic. We could easily go back and forth agreeing or disagreeing about things. I certainly agree with your assessment that "the value of an item is complex and not simple". Personally, I would not sell one of these coins unless I made a profit in bitcoin terms. "If it doesn't make SATS it doesn't make sense." Again I appreciate your input on my post & I plan to use it to my advantage. If you want to continue our conversation please private message me in order to keep this thread relevant.

-Kazkaz27

Look. I am not trying to cause problems. I honestly do hope this sells for as much as possible. It would indicate that the collectibles market is maturing and people do see the value in these rare and historic items.

The frustration is when people show up guns blazing trying to sell items for what they FEEL it is worth, not what the current market says it is worth. I appreciate all your analysis, but as I tried to point out the value of an item is complex and not as simple as 10x what some other Denarium coin sold for.  I am sure we could go back and forth with examples of items that have both gained and lost value in both BTC and USD. The age old argument of items increasing in BTC value vs. USD value is a dead horse and it doesn't need to be beaten again here.

Again, not trying to bust anyone's chops, just trying to understand a little better why you value your coin the way you do given the historical prices of the coin you discussed.  If you really want to know the true market value a public auction with start price of 0BTC and no reserve will accomplish this.

I am glad you are here, this is really a great place for Bitcoin Collectors to be and I hope that you do spend more time here, it is a really great place to share, learn, and collect.

Geo

In a positive manner I offer the following objective information & thoughts.
A nice piece indeed.

This did not take me very long at all.

You fail to mention that the one person is Charlie Lee, who alone commands a premium on items he sells, not just some random Joe slinging gold eagles. Charlie sold his in March 2017 for 14BTC when BTC was about $1200 Thread. 1200*14 = $16,800.

But actually the most recent public sale for the 1000 gold Casascius coin was a graded MS66 sold by Jackbauerscsg in Sept 2020 (which he bought from Charlie) for 2.0BTC when BTC was around 11,000 Thread. 2*11,000 = $22,000. So the floor was not really "cemented" at 14BTC.


I found 3 are active
Casascius Analyzer


The coin you are offering was originally sold direct from Denarium in Sept 2018 to BitcoinNewsMagazine for 0.128BTC when BTC was about $7,200 Thread. 0.128*7,200 = $921

#4/100 sold in the same auction to comit for 0.123 and was considered for sale at 0.04BTCrecently, not sure actual sale price if sold. Thread.

I am not trying to put words in your mouth, but it seems you are trying to increase the value of your coin by piggybacking off the value of the 1000BTC Casascius coin which seems disingenuous.

You can list it for whatever you want, but I fail to see how the value of your coin has gone from 0.128BTC ($900) to 1.0BTC ($42,000) from 2018-now? I am not trying to suggest your item is not valuable, but it is certainly not on par with Casascius coins, and even those did not appreciate that much from 2017 to 2020 as listed above.

Rarity is not the only factor that determines value. I have many items that are numbered, less than 100 made, produced by more trustworthy makers than a Denarium coin, and I would not expect to get such a high price simply because if have a 1/100 item.

You are free to believe what you wish, but agree to disagree.


I wish you luck with your sale as others have, but please do realize that the people here on this forum are well established in this very niche area. Most here are willing to help, but it also is nice if you help yourself by looking here for information not just google, eBay sales, and Jamie Redman articles. Many collectors on this forum have been around a LONG time and understand what holds value. You simply may not get the premium you want here on this forum. Other outlets have sold BTC items for much higher premiums, but don't expect to get that same premium here.

I don't want to purchase this item from you but would be willing to trade it. Check out my [WTT] and see if you are interested.
[WTT] 0.01 Microsoul & BTCC 5K chip
 
Geophphreigh

Sorry for the mix up.