Topic: For Sale: 1000 mBTC (1BTC) Physical Bitcoin - Recalescence Coin (Read 640 times)

Did you end up selling this?  Is the coin funded when you look at the public key?

Really nice to see these out in the wild.

Prof, if you could get the COA from the original owner I suspect you could sell this coin for 1.2+ btc.  Without the COA best bet, imo  is to peel the hologram and first redeem the btc then deal with the shit forks as discussed above.  Peel value probably 1.06 and a cunt hair more.  Then you can either keep the peeled coin as a souvenir or auction for maybe 2-300 usd in btc here.

The main fork happened August 1, 2017. Every address before that that contained bitcoin now also contain 1 bitcoin cash. Since your coin is pre August 1, 2017 the private key will also unlock 1 BCH on the bitcoin cash blockchain. It is most important to sweep the bitcoin first as you are now putting yourself into an attack vector area because the coin's private key is now potentially vulnerable.

minerjones is correct that the Coinomi wallet is the easiest way to get the various bitcoin forks.. mainly bitcoin cash abc, bitcoin cash sv, and bitcoin gold. There are multiple multiple forks but those are the top few that are worth a few bucks.

Can you explain? Once I sweep the private sticker code of its bitcoin, that code is spent. what other cryptos are involved and why?

I agree, that this coin would be worth more if It would have had a coa that confirmed the pub key (but I assume you don't have this?)

$200 for the coin is fine since there is no CoA. You should take into account that the BCH that the coin also has is worth $420 USD. If you sold your coin for 1BTC + $200 USD someone would be making an easy $200+

Should I charge more of a premium? The coins are getting rare as people redeem them.

Let me get this straight.... you want 1BTC plus $200 for this coin, is this accurate??

The coin is probably fully funded. However on this board I think you will have a hard time selling without the certificate which has the public key and an identical hologram with the same serial number as on the coin. Might be wrong, but if there are no takers you now know how to get the bitcoin off the coin. GLWS!

I also would be interested in the peeled coin and would likely pay more than $200:) !

Peel and Auction!

Gentlemen, it was a pleasure. Thank you for enlightening me on bitcoin redeeming. Im going to not redeem for now as its not an emergency. So I am still selling it. If you'd like to possess this lovely physical bitcoin (The Recalescence bitcoin - do a google image search), which is in excellent condition (again, the security seal is untampered), to hold in your very own hands, email me at [email protected] and we'll arrange a swap. 1 BTC + $200USD (in bitcoin) for one physical bitcoin (which is loaded with 1.00 BTC, under the security seal.) Keep this coin in your pocket as a show and tell or (more rationally) add it to your metal investments that replaces many kilograms of silver bars with the magic of bitcoin. A 1 oz silver coin is worth many thousands. A magic coin worthy of a good home.

Yes, you got it! QR method is easier in my opinion, but there is that reliance on the QR Generator software (which in my determination is safe - a malicious app would have to INSTANTLY sweep it. Electrum method is vulnerable in a different way, and that would be if you had a keylogger installed that could instantly sweep.)

Also, you could take your PC offline while you generate QR, nearly ensuring you don’t have to worry. You can’t do this with Electrum since it needs to broadcast that sweeping transaction, whereas with QR method your computer can be offline and your phone/mobile app is still connected to Internet  to scan QR and broadcast transaction.
You don’t have to worry about fee calculation or anything since the app’s easier UI takes care of all of that for you.

First download the Electrum wallet from https://electrum.org/#home install on your Mac and confirm you have a working installation of Electrum. Then you just follow the instructions from the link I posted earlier to sweep the private key from your Recalescence coin. You will have to type in the private key. When you sweep into Electrum all the bitcoin will be sent to an address in your Electrum wallet as a transaction so make sure you have Electrum set to use the appropriate fee. I would set the fee slider all the way to the right to make sure your transaction is confirmed quickly. You can then leave the bitcoin in Electrum or send to an exchange or another wallet.

Note I have not done this in ages so I can not confirm if Electrum will subtract the fees from your swept bitcoin. You might need to send enough bitcoin to your Electrum wallet first to cover the fee for the transaction. Some one jump in and answer this please.

Once you have your bitcoin safe at an address in Electrum you can store or send to an exchange or Coinbase to cash out if that is your intent. I have ignored claiming any Bitcoin Cash from your private keys (worth about 0.06 bitcoin I believe) to keep things simple. Someone else chime in on claiming the BCH.

Yes this is a pain to do which is one reason most of us don't redeem loaded coins, just sell them, but you have a special situation.

Once you get the bitcoin off you'll also have bitcoin cash abc/sv and bitcoin gold to retrieve aswell.

I am interested in the coin once redeemed.

Will give it a good home    

OK so it appears to be pretty straight forward.

1. download the Electrum.org wallet.
2. peel off the sticker.
3. Click Wallet, Private Keys, SWEEP.
4. Enter the code from the sticker.
5. SWEEP the bitcoin into your Electrum wallet.
6. move the funds to your preferred wallet.

Does this sound like the basic procedure?

Still, the coin is beautiful. I'd hate to redeem it (wreck the coin) even though the procedure is straight forward. Still looking for a good home for this coin.

Prof.DeLusion.

PS: Is this procedure correct? no need for QR code generators?

Have you installed and have Electrum working on your Mac? If so you should have a default wallet with a balance of zero. I am a PC guy, not Mac but I assume the interface for Electrum is the same. You would just open Electrum and sweep the private key as explained at https://bitcoinelectrum.com/sweeping-your-private-keys-into-electrum/

Take your time, you don't want to make a mistake. If you get stuck at any point post a screenshot or ask a question here.

Agree...if you don't take out the full balance of the paper wallet the rest will be lost.

https://bitcoinpaperwallet.com/wallet-tutorial-add-withdraw-funds/

Using electrum, create a new wallet using private key.  Or, if you already have a wallet, you can import or sweep a new private key.  Note: When spending this coin, always send the full balance to a new address that you control.  Don't let any change come back to the coin (look up youtube video on how change works on paper wallets if you are confused). 

I got the electrum.org wallet app for Mac. Where does one put the code from the back of the coin sticker? Im thwarted again.

Prof.DeLusion