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Topic: How does one redeem a Casascius coin? (Read 840 times)

sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
November 16, 2015, 12:59:55 PM
#7
I think all you do is scan the QR code into your bitcoin wallet to import that private key and Voila! you're done.

But the coin's numismatic value is almost certainly greater than the actual bitcoin value itself.

Haha, there are no QR codes on Casascius coins. It's definitely more of an enter the private key into a transaction platform.

Here's a pic of a Casascius coin - the front and back - no QR code: http://www.spotcoins.com/bitcoin/casascius
sr. member
Activity: 361
Merit: 250
November 16, 2015, 04:09:20 AM
#6
I think all you do is scan the QR code into your bitcoin wallet to import that private key and Voila! you're done.

But the coin's numismatic value is almost certainly greater than the actual bitcoin value itself.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
November 16, 2015, 03:03:26 AM
#5
With immediate regret.

And we have a winner!


Honorable mention goes to Quickseller with her (sorry man, the picture has sodl me on your gender) with these words of wisdom...

As a general rule redeeming a physical coin is going to significantly degrade the value of the coin, and you would be able to get more out of the coin by selling it as unredeemed verses redeeming a coin then selling it as a redeemed coin.
legendary
Activity: 1288
Merit: 1043
:^)
November 15, 2015, 04:40:38 AM
#4
With immediate regret.
personal experience? Embarrassed
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
November 15, 2015, 04:37:05 AM
#3
With immediate regret.
copper member
Activity: 2870
Merit: 2298
November 15, 2015, 03:34:49 AM
#2
How does one redeem a Casascius coin?

Have you done it before? Let's hear stories...
My understanding is that you simply peel the hologram and the private key will be printed underneath. You would then import the private key the same way you would any other private key, although you would need to manually type the private key into your wallet software.

As a general rule redeeming a physical coin is going to significantly degrade the value of the coin, and you would be able to get more out of the coin by selling it as unredeemed verses redeeming a coin then selling it as a redeemed coin.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
November 15, 2015, 02:31:20 AM
#1
How does one redeem a Casascius coin?

Have you done it before? Let's hear stories...
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