Topic: [INFO] Stacks Bowers Physical Cryptocurrency Auction 2023 Thread - page 5. (Read 2979 times)

Good on PCGS for waking up finally. Dude who owns NGC is a fool, despite having the best slabs by far (IMO).

Now, when is Heritage going to open up sales ..would be huge.

What ! that's amazing ! so much crypto coin ! and there is 1HoDLCLUB ! Wow I have no words! It's incredible ! 

You can contact James at Stacks and Bowers...  also, elianite (Elias) is someone who you can contact to help with this

They have two coins"Version Detail # RC-01-xx" made by us,  as well (but not consigned by us)!!    

How does one consign to them ?

There are a couple of 'slabbed firsts' in this auction. The first PCGS Satori and First PCGS Denarium. Kind of cool coins with that history.

Just received this e-mail from Stacks Bowers. Exciting times for our niche, physical crypto collectibles! :

Ahhh… I was wondering why I was seeing so many coins with low values being auctioned in encapsulated graded slabs. I think it probably cost significantly more to have the 1g coins graded than their original sales price so I was surprised to see so many being auctioned. It makes sense as to why now if it’s a requirement to participate in the auction.

  Hi thanks for inquiring....they are 2.75 inch diameter coins.....PCGS was the only one I came across that had that size encapsulation and also doing crypto...but it turns out they were not doing my crypto for whatever reason 

   I hope someday others might be able to do them as Stacks only accepts encapsulated coins for auction

I second that statement. Forum is like a tiny bubble that 99.999% of coin collectors are unaware of. Of course, most of these coin collectors will/currently are not interested in crypto / collectibles themed around crypto. But I am sure at least 1% would be, which would probably amount to several tens of thousand of people.
With cryptocurrencies and Bitcoin becoming more and more mainstream that's already about to slowly but steadily change.

Not sure if I would agree that forum prices were high last year. For some items yes, but if you get lucky you still could get a bunch of amazing collectibles for low every now and then. Except for the mega-og coins I guess, like cas and some Lealanas.

What's the diameter of your coin?  I know NGC has some big cases, but not sure they are accepting crypto coins.

    I walk by their auction house every day on my way to work...so one day I dropped by after making an appointment with James.

    All I can say is I was greeted very warmly and we discussed crypto coins in general and how the auctions are held.

    I cant say anything negative about them, but the only thing I do not like are the starting prices.

    I have not placed any Casascius coins for sale nor do I plan to....I cannot stomach the idea of starting a casascius loaded coin at $1 and then be at the mercy of the markets.

   If there was a reserve in place I would feel much better. But then thats my two satoshis on the the subject, other might not worry about that at all.

   I say to each his own, but other than that he was great and responded to my emails promptly as well.

   I was planning on grading one of my coins and giving it a try, but PCGS did not grade my coin and they are the only company that I know of that had

jumbo encapsulation services big enough for my coins.

  Just because we buy them here cheaper dosent mean that outside of the forum these prices arent legitimate. Demand is increasing and our cheaper prices are only held at bay by peoples inability to find the forum, use btc, and inexperience. If everyone who wanted these coins knew how to get here prices would be through the roof or coins would be gone in 3 seconds. Thats why in my videos i never mention bitcointalk. Its the best kept secret but eventually it will be out. Even still ive seen prices raise pretty high in the last year on the forum. I saw you were upset about people selling so high here and on ebay. I think its a sign of the times and will only get worse. Be happy you had the forsight to get in early. Because eventually your right, it will be rich guys selling the coins, smoking cigars and spending their trust funds.

Very cool.  I would imagine that with more eyes (I don't really advertise or mention these coins much outside of this forum) these coins would sell for quite a bit more than what I offer them for here.  We'll see though.  There are still some available at https://nastyfans.org/mint for those who are interested.  I'll have to keep an eye on these auctions.  If they sell for something ridiculous maybe I'll need to increase prices.   

Very cool to see stuff I've made continue to be distributed in different ways and to differed markets.  Thanks for sharing this link.  That gold highlighted Minted Seat is pretty rare... 

Stacks success doesn’t = real life value. These all end with a bunch of rich guys in the room drinking and bidding. Last auction an Alpen went for $600+ and a genesis btc went for $1200…. Don’t forget the CI pumpkin for $1200. Way over priced but they were the only examples for sale which garnered extra interest. We will see how this one ends up but rarity helps a lot… or even perceived rarity in these stacks auctions.

There's several Nasty's in the current auction. 

https://auctions.stacksbowers.com/lots?search=nasty&lots_range=upcoming

 I saw your little dime coins up on their site for this auction. This auction says it all. All the coins weve been trading for years will eventually be up for auction. I would imagine minted seat coins will be up this year. For the next couple years it will be a feeding frenzy of coins being auctioned then followed by years of scarcity where the prices will really climb. Physical is going mainstream. I can feel it in my bones.

I had a quick talk with a guy who claimed to represent Stacks Bowers and was interested in auctioning my Casascius coins collection.  I wasn't comfortable with the way the auction would have gone down from my end, so I wasn't interested.  I am curious about them selling other crypto coins though.  Have any of my Minted Seats ever been sold at a Stacks Bowers auction?  I'm a bit curious how they would be valued by people outside of our little community.  Maybe I need to get in touch with them and ask about NastyFans Minted Seats and if they'd have any interest in auctioning any.

I think what we are seeing is the maturation of the collector market for certain collections, in particular Casascius and Lealana and possibly Satori and the likes of Crypto Imperator - these coins are gaining acceptance by the "mainstream" collector community as part of the historical record.
When this happens, prices rise because a limited quantity of coins suddenly becomes more widely recognized with a much larger pool of buyers. At the same time, we can expect premiums, especially for non-funded pieces, to stabilize to a (hopefully rising) dollar value as opposed to the BTC-denominated value we use here.

On the heads side of this, this can mean that the earliest coins become increasingly difficult to acquire for non-whales. Unlike a Bitcoin, you can't buy a fraction. Its like this with art, gemstones, and other rare coins or stamps.

On the tails, as the most sought-after items move into the larger and more moneyed mainstream market, new entrants and smaller players can purchase newer collections that still come from within this community - in hopes that in 10 years, they too might command ever-larger premiums - something that is still true in the traditional coin and stamp world where many collect new releases instead of speculating on historical pieces.

The reality is that many collect things not only because they are interesting, but because they are rare and desirable - like bitcoin itself - which then makes them even more difficult to get. Almost every collection gets sold eventually, if not by the collector than by their estate - which is already happening in our space.

Just curious here, Precious, and not offended by bluntness at all. I get the frustration of seeing coins you ordered on sale in the secondary market before you get them yourself. Legit frustration. However, not sure I follow you then upset at the forum because people are selling into the secondary market. I bought 5 or 6 coins on the forum this month, including Satoris under $100, -all for great prices. That’s pretty amazing and only available on the forum. You bought a coin from Smoothie at the original price of the coin. You can only get that in on the forum. I would never buy the eBay coins at the high prices they go for, but not sure that secondary activity steals opportunity from collectors on the forum.

I hope these coins on Stacks sell for all time high prices because it drives adoption and brings in more collectors. I think it is still risky for the sellers that are putting coins in the Stacks Auction though; with this many coins selling and in the bear market, there may be some real bargains available. In the last Stack’s auction I bought a CI Hodl redeemed for $20.
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All I’m saying is thank God for the people still running auctions, because if everyone just sent the stuff to Stacks then this collectibles community forum would be dead. Plus - selling at fair retail value and exploiting people is a huge difference - practically everyone I’ve bought from on the forum has been fair.

I still wonder how many of these CAS coins were bought at auction here and were instantly flipped to Stacks? I bet I can find plenty. Slap in the face to people running auctions IMO. So thanks to the real OGs who keep this place alive and for the people who allow me to win collectibles for my personal collection. I am not one of the smart guys that got into bitcoin early - spent my time buying vintage silver bars as collectibles (also why I LOVE btc collectibles). But in every hobby there are givers, supporters, and takers. Don’t be a taker.

Ok - off my soap box for the evening.
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Hey man I totally hear you.. I've been here almost 9 years in April...  Absolutely everything has changed, quite a few times over in my opinion. I used to flip a lot of coins back in the day, and for the most part I wish I had kept them now lol.. but let's face it this is Bitcoin talk it's not just about Bitcoin it's about money and making it. I try not to let things piss me off here anymore because honestly if you think about this forum too much it can literally drive you crazy. I've seen it with many people here and I've also experienced it myself at times..  we can still be thankful we have this forum to get stuff before the common man so to speak so I'm still grateful for that either way...

 Thanks for your soapbox rant as you probably seen I can rant a lot myself! 😂💥

I thought of the forum as a space for collectors, but more and more each day it’s becoming more about exploiting it to make money… from overpriced eBay resellers to stacks and bowers flippers - no average collector has a chance anymore. Sorry if my bluntness offends, but it’s just who I am.  
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Just curious here, Precious, and not offended by bluntness at all. I get the frustration of seeing coins you ordered on sale in the secondary market before you get them yourself. Legit frustration. However, not sure I follow you then upset at the forum because people are selling into the secondary market. I bought 5 or 6 coins on the forum this month, including Satoris under $100, -all for great prices. That’s pretty amazing and only available on the forum. You bought a coin from Smoothie at the original price of the coin. You can only get that in on the forum. I would never buy the eBay coins at the high prices they go for, but not sure that secondary activity steals opportunity from collectors on the forum.

I hope these coins on Stacks sell for all time high prices because it drives adoption and brings in more collectors. I think it is still risky for the sellers that are putting coins in the Stacks Auction though; with this many coins selling and in the bear market, there may be some real bargains available. In the last Stack’s auction I bought a CI Hodl redeemed for $20.
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*****

All I’m saying is thank God for the people still running auctions, because if everyone just sent the stuff to Stacks then this collectibles community forum would be dead. Plus - selling at fair retail value and exploiting people is a huge difference - practically everyone I’ve bought from on the forum has been fair.

I still wonder how many of these CAS coins were bought at auction here and were instantly flipped to Stacks? I bet I can find plenty. Slap in the face to people running auctions IMO. So thanks to the real OGs who keep this place alive and for the people who allow me to win collectibles for my personal collection. I am not one of the smart guys that got into bitcoin early - spent my time buying vintage silver bars as collectibles (also why I LOVE btc collectibles). But in every hobby there are givers, supporters, and takers. Don’t be a taker.

Ok - off my soap box for the evening.