Do redeemed collectable values go up and down with the price of Bitcoin?

bitbollo

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This Is a question that maybe all Bitcoin collectors have at a certain point of their collectors Life Roll Eyes

My2satsl
I would see this in another perspective.
You cannot buy (unless eBay or big auctions) such items without using btc. So you are just using your fiat (or this as a base value).
In any case you are achieving also a profit in fiat term...
It Is true that probably btc value could be bigger of the value of the item in the long term.
But its not 101% sure and probably this was more higher with early items but not anymore.
Meanwhile some of these items arent available anywhere.
At a certain point many new collectors while come to the market

Coin_trader

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Quote from: ? on Today at 05:19:48 AM

Quote from: Coin_trader on Today at 05:02:14 AM

AFAIK, premium value of token decreased if you redeemed the coin value since the coin is not intact condition. You already peeled the coin sticker when you redeemed the value inside so it’s not the same condition coin as before.

The premium valueBTC decreased significantly once you redeemed it based on my experience when I sold my redeemed and not redeemed token few years ago.

Unloaded Bitcoin coin is different case on redeemed coin though since it’s still on its intact condition.

If a 1 BTC unredeemed Casascius coin is valued at let's say $115,000 right now...what happens IF the price of BTC drops to $65k?
Will that coin still hold it's 20% premium over the BTC spot price and sell at $78k?

Great question which even myself keeps wondering on how premium valuation works since in the past we do value premium in BTC value not in fiat which means a 0.02BTC Bitcoin before is same more or less value in Bitcoin value premium right now that’s why the premium value keeps changing whenever the Bitcoin price change.

Forum collectors especially OG refer on Bitcoin value and not fiat since 1BTC today is still 1BTC in the future.

As the common practice here. It’s always the auction will dictate the premium value of your coin since there’s no fixed percentage for premiums.

?

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henkcryptotank, that is a great reason to HODL unredeemed collectables!

henkcryptotank

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Quote from: ? on Today at 04:57:20 AM

Quote from: henkcryptotank on Today at 04:53:40 AM

For me, collectibles dramatically reduce the spending of btc, hence they are worth the premium. In the long run, this will pay off.

GrtzTnk

Can you clarify what you mean by that? Say you have a loaded 1 BTC collectable, are you saying it's going to be hard to spend the BTC on that coin, versus if you had 1BTC in cold storage that you can easily spend?

Yeah, exactly. As we are programmed to attach emotions and memories to objects, it will be far easier to HODL your bits, if they are locked to a physical item.

?

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Quote from: Coin_trader on Today at 05:02:14 AM

AFAIK, premium value of token decreased if you redeemed the coin value since the coin is not intact condition. You already peeled the coin sticker when you redeemed the value inside so it’s not the same condition coin as before.

The premium value decreased significantly once you redeemed it based on my experience when I sold my redeemed and not redeemed token few years ago.

Unloaded Bitcoin coin is different case on redeemed coin though since it’s still on its intact condition.

yes, I do get that the premium will be reduced when the coin is redeemed, as it should. But how about comparing apples to apples, premiums on unredeemed coins based on the price of Bitcoin through bull and bear market cycles?

If a 1 BTC unredeemed Casascius coin is valued at let's say $115,000 right now...what happens IF the price of BTC drops to $65k?
Will that coin still hold it's 20% premium over the BTC spot price and sell at $78k?

Coin_trader

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Leading Crypto Sports Betting & Casino Platform

AFAIK, premium value of token decreased if you redeemed the coin value since the coin is not intact condition. You already peeled the coin sticker when you redeemed the value inside so it’s not the same condition coin as before.

The premium value decreased significantly once you redeemed it based on my experience when I sold my redeemed and not redeemed token few years ago.

Unloaded Bitcoin coin is different case on redeemed coin though since it’s still on its intact condition.

?

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Quote from: henkcryptotank on Today at 04:53:40 AM

For me, collectibles dramatically reduce the spending of btc, hence they are worth the premium. In the long run, this will pay off.

GrtzTnk

Can you clarify what you mean by that? Say you have a loaded 1 BTC collectable, are you saying it's going to be hard to spend the BTC on that coin, versus if you had 1BTC in cold storage that you can easily spend?

henkcryptotank

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For me, collectibles dramatically reduce the spending of btc, hence they are worth the premium. In the long run, this will pay off.

GrtzTnk

?

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Quote from: Kazkaz27 on Today at 02:28:51 AM

Yes, but if loaded they retain better than Bitcoin itself due to the added collectors value. Hype changes alot

I imagine the premiums (percentage above face BTC value) on "common" unredeemed and loaded Casascius coins will continue to go up as Bitcoin prices move higher, but I quickly looked at closed auctions on 1BTC coins that ended on Nov 9, 2022 when BTC was $18,000 and the auctions for a 1BTC Casascius were $31,000 to $38,000!

Then I looked at closed auctions on August 23, 2024 when BTC was at $60,000 and the 1BTC coins closed at $70,500.
With just this limited data, it seems like the premiums are going down percentage wise, which kinda makes sense?

When 1 BTC was valued at $1000, someone is more likely to pay 200% face value, but not 200% when 1 BTC is $200k. Maybe when 1 BTC is $200k in the future, a 1BTC Casascius might just have a slight premium of like 5% to 10%

Quote from: Kazkaz27 on Today at 02:28:51 AM

Buying Bitcoin itself so far has been a better investment than buying any physical Bitcoin I believe… although these items are tools and pieces of art. They will increase in terms of fait forever and likely continue to outperform every other category of numismatic coins in terms of sheer outlyer values

I think you are right, buying Bitcoin itself will outperform buying any Bitcoin collectable, except maybe for the cream of the crop Casascius coins with denominations of 25BTC or higher that are outliers. Thanks for your comments!

Kazkaz27

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Regarding physical Bitcoins, Does the value go up and down with the Bitcoin bull and bear cycles?

Yes, but if loaded they retain better than Bitcoin itself due to the added collectors value. Hype changes alot

The market is changing, physical bitcoins will likely continue to increases as the masses adopt Bitcoin through all the institutional adoption and government acceptance

Buying Bitcoin itself so far has been a better investment than buying any physical Bitcoin I believe… although these items are tools and pieces of art. They will increase in terms of fait forever and likely continue to outperform every other category of numismatic coins in terms of sheer outlyer values

?

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Hi everyone, old to Bitcoin but new to collectables...
Assuming redeemed or unloaded Bitcoin collectables, does the value go up and down with the Bitcoin bull and bear cycles?

Let's simplify with the most "common" redeemed 1 BTC Casascius coin and assume it's valued at $1000 now.
Was it valued at $500 in the last bear market in 2023?
Was it valued at $1000 in the bull market of 2021 or less than $500?

I'm taking a wild guess, but I imagine the price of Bitcoin outperformed any redeemed/unloaded Bitcoin collectable, so if you had a budget of $1000 to spend on Bitcoin collectables in 2023, in hindsight it would have probably been more profitable to buy Bitcoin or sell your entire collection then, and go all in on Bitcoin in 2023?

(I do understand many people collect things for the historical significance and joy of it, and not because they can sell their collection for profit in the future)
Thank you in advance for any insights from collectable veterans!

Topic: Do redeemed collectable values go up and down with the price of Bitcoin? (Read 73 times)