Topic: Mint condition Casascius Bitcoin for sale (Read 1509 times)

Have you honestly not heard about Darkcoin?!  

The media is referring to it as the new "King of Alt-coins", and it has boomed in the last few months. It went from being worth pennies to now standing at over $11.21 USD per 1 DRK. It's market cap now exceeds $51,089,687.00 USD and it is the 4th largest crypto-currency by market cap. Check out the market cap comparison here:

https://coinmarketcap.com/

You can trade Darkcoin at Poloniex, MintPal, Cryptsy and various other exchanges. You can also trade DRK with people here at these forums, Darkcointalk.org and other crypto-currency forums/communities...

And yes, of course, you can buy whatever you want with DRK. Before long, DRK is likely to become the #1 currency of choice for dark exchanges and anonymous/private transactions. And albeit controversial, it is likely that markets like Silk Road and its brethren will be jumping on the DRK train before long. I expect that this huge influx of fresh capital, and Darkcoin's position as a potential on-ramp/off-ramp for covert crypto-transactions will make its value increase exponentially.

IMHO, Darkcoin is the ONLY alt-coin with a real future ahead of it... I may get flamed for saying this, but so be it... The 100,001+ clone-coins are all going to die an agonizing death (Litecoin too), and the only ones left standing will be Bitcoin, Darkcoin and the few "elite" alt-coins that manage to offer SOME sort of tangible innovation/advantage...

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EDIT: We should actually take this discussion over to the Alternative Cryptocurrencies section where it belongs though. This deal was successfully closed. A debate about Darkcoin vs. XXXX or an open discussion of alt-coins will just annoy everyone in the Currency Exchange and be counter-productive. I'll actually start a new Darkcoin-related thread in Alternative Cryptocurrencies section in just a moment...   

Dark coin can be exchanged to bitcoin... I think that's the only reason to use alt coin tbh (dont hate if wrong).

Dark coin? Where's the market for them and can you actually buy something with it?

This deal was finally concluded around noon today...

The coin has been sold for 140.00 DRK (Darkcoin), which is currently equivalent to ~2.50 BTC or $1,497.00 USD. It was a good bit less at the time the agreement was made (around 2.03 BTC), but the new masternode launch is mere hours away and DRK/BTC is on the rise. 

Details of the sale can be seen here or at the DarkcoinTalk Forums, at the following URL:
https://darkcointalk.org/threads/wts-2012-casascius-physical-bitcoin.1152/

Left positive feedback for vertoe both here and at Darkcointalk. 

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@ The OP; TheBestBTCdeals
I sincerely thank you for all your help and all your work in trying to find me the best possible deal on this coin! I'm totally confident you could have sold it for me, but I just kinda got lucky and found that "perfect deal". As I said, I was looking for either some DRK or some BTC to buy more DRK, and it just so happened that I got a very generous offer of 140.00 DRK from a highly trustworthy early adopter and major holder of DRK. But as I promised, I will still be giving you a tip not only for all your efforts at selling this coin, but also for the large amount of smooth MoneyPak/Vanilla Reload --> BTC transactions you have made for me. 

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I would end my post with a good ol' fashioned "Dark to da mooooon!!!", except I don't think that would be entirely accurate... Darkcoin is going WAY beyond the moon! 

Regards,

The DRK Lord

Friend of mine from the Darkcoin community has agreed to take it for 140.00 DRK. We're just working out the escrow and shipping details to finalize everything tonight.

Provided everything goes smoothly, which I'm quite confident it will, I will still pay you a nice tip for all of your help. 

It's still available.

It's still for sale. C'mon guys, it's nice and shiny 

1.2 BTC is too low, but thanks for the offer. I am planning on insuring it and it can be shipped anywhere, but obviously I would lose money if I did all that and accepted such a low offer. 1.5 BTC is pretty much the minimum.

would you accept 1.2 ?
also how much is shippng to AU
would need to be insured if possible.. ??

NEVER clean a collectible coin! That kills any numismatic value. That goes for gold coins, silver coins, copper pennies, Casascius coins, etc... If you clean a 1 BTC Casascius coin, you might as well just redeem it for the 1 BTC.

Anyways, while this coin indeed is not a 2011 error coin, it *is* a 2012 coin, which is a good deal rarer than the 2013 brass issues. Personally, I'd price it between the 2013s and 2011s, accounting for condition (which perspective buyers can do for themselves), of course.

New price is 1.5 BTC, to bring it more in line with the current market.

This is very true. Especially if you are not familiar with the proper technique, and even then it's still not a great idea. Most of the time it will just make things worse.

I wouldn't recommend cleaning/shining.  Its best not to alter a coin's condition.

Condition is actually great. Just needs a bit of cleaning/shining. 1.20 BTC seems a little low/harsh... but I'm no expert. I'm discussing lowering the price with the OP.

Based on condition, and the fact this is a v2 (non-error), I would guestimate this worth about 1.2 btc. 

I think asking 2.5 btc is much too high.  But of course, you are free to list it at the price you want.

I wouldn't class that as 'Mint' myself. Looks quite from from it to be honest. Have you kept it in a airtite since buying it?

I would like to chime in here, if I may...

I am the original owner of this coin, and I have entrusted it to "TheBestBTCDeals" to sell for me for a % commission of the proceeds. I buy all my digital BTC from him for MoneyPaks and Vanilla Reloads and we regularly text each other directly and communicate outside of the forums. In fact, I owe him some trust/feedback for the smooth and successful transactions.

For the sake of being honest, I would like to correct something... the coin isn't in "true" mint condition. It has been handled before and was not kept in an air-tight case; it spent most of its life sitting in a little wooden box on a shelf out of sight. But with a little brass polish and a soft cloth you can make it shine as brightly as it did on the day of its minting... It's undamaged and has no visible defects.

When Mike Caldwell (aka Casascius) created his coins, he put the first chunk of the Bitcoin address on the back so users could verify that the coin still held its denominated face value in BTC. You can see this quite clearly on the back of the coin:

1CsDFTqA

Using this string, you can search the Casascius database to ensure the coin is still unredeemed:
http://casascius.uberbills.com/?address=1CsDFTqAwvyBwgX4EQjoJeSsSq9cxH2KSe

As you can see, the coin is still "Active" and unredeemed. The string "1CsDFTqA" is the abbreviation of the address:
1CsDFTqAwvyBwgX4EQjoJeSsSq9cxH2KSe

And as the OP demonstrated, this address can be verified by blockchain.info to hold a value of 1.00 BTC:
http://blockchain.info/address/1CsDFTqAwvyBwgX4EQjoJeSsSq9cxH2KSe

This should clearly demonstrate it is authentic, not a counterfeit or copy of Casascius' work. And that the coin is unredeemed and still holds its original 1.00 BTC value! This is also apparent in the picture of the back which shows the anti-tamper hologram. If these holograms are peeled it leaves behind a honeycomb-like pattern that is plain to see. But this coin's hologram has never been peeled and is still completely in tact. 

Thanks, and I hope the OP is successful in selling this coin for me! 

The DRK Lord

grrr I have always wanted one of them... but i don't just USPS or aust post lol
maybe one day eeeh.

All Casascius coins goes for a high premium these days, especially the first batch (the "error coin"), the reason for the high price is that it is a collectable.
You have to be a collector or a fan of Mike's work to appreciate the coins.

As for the duplicates  - they have already been spotted on ebay:
http://casascius.wordpress.com/2014/02/05/beware-of-fakes-on-ebay/

The possibility of a fake is definitely something you should be aware of as a collector. Nevertheless I have only seen one case for Casascius coins.

I followed the case about the fake 25 BTC here on the forum - there was basically two forum members with the same coin (same public key).
Mike helped verify which member who owned the right coin.

I have seen one case for Smoothies coins (the 25 LTC), but it is more a cheap knock off than a copy.

Why are these so valuable? It's just a physical BTC made by a forum member. Is there a way to verify people don't just duplicate these and re-sell them as legitimate coins?