My loaded 100 BTC Casascius Bearer Bar - page 5.

yogg

legendary

Activity: 2464

Merit: 3158

Quote from: killyou73 on April 17, 2018, 10:12:44 AM

What about 256000 spots at 0.0005 BTC each? So everyone can afford to buy a ticket

This isn't how it works.
It can be either 16, 256, 4096, 65536 or 1048576, etc ... (but the latter ones starts to get pretty annoying to manage Tongue

)

I like the idea of a low entry raffle for this, but it'd take forever to fill, I imagine.

killyou73

full member

Activity: 504

Merit: 185

Quote from: TMAN on April 17, 2018, 06:56:58 AM

Quote from: monkeynuts on April 17, 2018, 06:54:32 AM

I think it could be done

But it still has a requirement to set a price, to then determine ticket costs

An agreed escrow to hold funds

And the logistics of transferring ownership

It would generate a lot of interest, given the scale of the prize, potentially outside of this place, which would be great

0.5BTC per ticket - 256 slots.. Snowfucker to run raffleception after raffleception... I could get behind this type of shizzle

What about 256000 spots at 0.0005 BTC each? So everyone can afford to buy a ticket

That's something I could get behind

Raffle it!!!!

TMAN

legendary

Activity: 1414

Merit: 1808

Exchange Bitcoin quickly-https://blockchain.com.do

Quote from: monkeynuts on April 17, 2018, 06:54:32 AM

I think it could be done

But it still has a requirement to set a price, to then determine ticket costs

An agreed escrow to hold funds

And the logistics of transferring ownership

It would generate a lot of interest, given the scale of the prize, potentially outside of this place, which would be great

0.5BTC per ticket - 256 slots.. Snowfucker to run raffleception after raffleception... I could get behind this type of shizzle

monkeynuts

legendary

Activity: 1251

Merit: 1259

MONKEYNUTS

I think it could be done

But it still has a requirement to set a price, to then determine ticket costs

An agreed escrow to hold funds

And the logistics of transferring ownership

It would generate a lot of interest, given the scale of the prize, potentially outside of this place, which would be great

dolphriends

sr. member

Activity: 1750

Merit: 440

WOW, that would be nuts

monkeynuts

legendary

Activity: 1251

Merit: 1259

MONKEYNUTS

I would love to see the raffle to end all raffles

AT101ET

legendary

Activity: 3066

Merit: 1348

I’d say that there are very few collectors out there who are after something like this.
The number of individuals here who can afford this is already down to a handful and of those you’d have to assume that only a few would be in the market for a bar like that. Even so, don’t expect such a high premium as selling it in the future would be equally if not more difficult and thus buyers would consider that when making an offer. To add to this, as others have pointed out, you also have to consider that some of the individuals who would be in a position to buy this won’t actually be interested in the forked coins and will disregard it as part of the offer.
As such, you’re best bet would be to peel the coin and get FV for the BTC and forks and then flip the bar on here. That way you’d get the full FV with no hassle whatsoever and a little premium for the bar itself.

Gatorelf

sr. member

Activity: 845

Merit: 267

Quote from: killyou73 on April 16, 2018, 08:35:14 AM

Quote from: Gatorelf on April 16, 2018, 08:04:11 AM

Quote from: JohnGalt on April 14, 2018, 10:28:52 PM

Many years ago, I bought a loaded 100 BTC Casascius Bearer Bar. Now, its value has gone up so much that I no longer feel comfortable holding it.

The first bits are 1Gop7ok6. It is version 2. I don't have any good pictures but I will take some if there is interest.

I don't want to peel it, but I don't know anyone that can afford to buy it. Is there anyone here might be interested in buying it?

Some stats from uberbills:

143 100 BTC Bearer Bars were made.
91 have been peeled.
11 were opened last year.
1 has been opened so far this year.
There are only 52 left (12 are v1 and 40 are v2).

Also, 1344 Casascius coins and bars were opened last year. 357 have been opened since the beginning of this year. They are getting more and more scarce.

you could go into a partnership agreement with an investment group

example A the investment group purchases 66% agreeing the value of (BTC + numismatic) comes to 125 BTC and or $1,000,000 fiat. you get $660k and retain 34% ownership. The bar is retained in Wells Fargo vault ( or what ever group buys in) and is insured. IG pays all fees and the property cant be sold or peeled for five years at which time it would be voted on 1 btc = 1 vote

example B private investors purchase 10% at 12.5 btc a piece until you sell the % you want. Then placing the bar in escrow with a fee paid by all for by all depending on ownership you could have the same agreement and time frame. Viewing of the bar would require at least two investors and one bank rep at any time during investment period. Any one selling their portion would have to pay all cost associated with transfer of ownership.

Who's gonna escrow this? Blazed doesn't beleive in using safety deposit boxes. This sounds like more hassle than it is worth.

AND then viewing the bar requires 2 investors, so 2 people can walk out with a 100 btc bar and scam everyone else

and one bank rep so thats three people plus its insured.. might as well be robing a bank.. fine details can be worked out there are no problems just people that dont know how to solve them

zanzibar

hero member

Activity: 715

Merit: 500

Agree with OP, just not worth holding. I only hold as many physicals as I'm willing to lose. Imagine if someone gets private keys, starts emptying Casascius coins (I know it's near impossible). Shit like that always makes me more nervous than a physical theft.

frankbitcoin

sr. member

Activity: 1288

Merit: 295

Quote from: yogg on April 16, 2018, 10:35:15 AM

This is a nice bearer bar. I'm really amazed to see there are still some around !

Quote from: wheelz1200 on April 16, 2018, 10:21:16 AM

Major auction houses i would trust, they handle things way more valuable than this 100btc bar. Im not talking a local auction house..

I'm curious to know what these folks would say about the Casascius Bearer bar :

"Look, I have to store the bar. It takes up a lot of space. And then I have to find a buyer for the bar. It's not often that someone walks in looking for one of these.

Plus I'll have to spend a lot of time and resources getting it inspected.

The best I can do is 3 BTC. And that's a really fair offer." Wink

Beautiful bar, OP!

OneNattyLitecoin

sr. member

Activity: 356

Merit: 335

If you don’t believe, why are you here?

Dat tax hit 😢

HabBear

hero member

Activity: 1106

Merit: 637

Quote from: JohnGalt on April 15, 2018, 03:40:03 AM

This is something that someone like Tim Draper or the Winklevoss twins, or even a few people on Bitcointalk, would own. They have thousands of BTC, so owning a bar worth 100+ BTC would make sense.

An now it's something that JohnGalt does!

Quote from: chronicsky on April 15, 2018, 01:37:41 AM

Quote from: xtyling on April 15, 2018, 01:02:15 AM

I can buy it at 10 btc over face

you mean 10 btc premium?

Yeah, that's what I'm reading too! Grin

To the OP, tough problem to have, for sure. You're probably always thinking about it! One can one $800,000 piece of property and be a lot less worried because property can't be lifted...at least not easily! Good luck to you.

wheelz1200

legendary

Activity: 3612

Merit: 1406

Quote from: adaseb on April 16, 2018, 03:28:45 PM

It's really crazy that it only cost $500 to load that bar back in 2012.

My advice... just peel it and sweep all the BTC and forks and just sell the bar itself. You should get something for the bar itself... or does it automatically lose most of its value since it's peeled?

I don't think 110BTC is fair since right now all the forks are worth 11% or so of bitcoins value.

The bar although would recieve a premium i think if loaded will fetch maybe $1000 peeled. With the amount of btc and shitcoins in there, negligable. Id peel and keep the bar and put it in the collection

adaseb

legendary

Activity: 3738

Merit: 1708

It's really crazy that it only cost $500 to load that bar back in 2012.

My advice... just peel it and sweep all the BTC and forks and just sell the bar itself. You should get something for the bar itself... or does it automatically lose most of its value since it's peeled?

I don't think 110BTC is fair since right now all the forks are worth 11% or so of bitcoins value.

Lesbian Cow

legendary

Activity: 2954

Merit: 1752

Throw it up on ebay starting at 0.99 and see where it lands? Grin

In all serioussness, there are a few collectors here (less than 10) who could afford this bar and may want it. I know one of them has already been made aware of this thread.

Best of luck OP, it is very noble you don't want to peel such a rare piece of history but at the end of the day, do what is best financially for you. If that means you peel it, so be it.

Cheers!

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

If you do a search at Barnebys which aggregates auctions from all major auction houses there have been no auctions for Casascius coins or bars. There is also the sellers commission to consider which is negotiable.

yogg

legendary

Activity: 2464

Merit: 3158

This is a nice bearer bar. I'm really amazed to see there are still some around !

Quote from: wheelz1200 on April 16, 2018, 10:21:16 AM

Major auction houses i would trust, they handle things way more valuable than this 100btc bar. Im not talking a local auction house..

I'm curious to know what these folks would say about the Casascius Bearer bar :

wheelz1200

legendary

Activity: 3612

Merit: 1406

Quote from: killyou73 on April 16, 2018, 09:45:17 AM

Quote from: wheelz1200 on April 16, 2018, 09:00:22 AM

I hate to say it but if you want the funds i would just say peel it. To find anyone willing to pay over bitcoin spot and the rest of the shitcoins on there will be close to impossible. Also the logistics in arranging a proper secure transaction will be quite difficult as well. I appreciate your not wanting to peel yet another bar is commendable but might be your only option.

What i would do is call all the bigtime auction houses and see if its something they want to touch. Bitcoin is now know in financial circles and at least you wont get "huh?!?" as a response. Id be interested in hearing auction house stance on 3rd party loaded bitcoin products.

I would trust an escrow on here with the bar before I trusted an auction house. But I assume there are many secuirty protocols in place at heritage and all those other ones

I guess there isn't anyone here with big enough balls to buy this bar 🤷‍♀️

Major auction houses i would trust, they handle things way more valuable than this 100btc bar. Im not talking a local auction house..

killyou73

full member

Activity: 504

Merit: 185

Quote from: wheelz1200 on April 16, 2018, 09:00:22 AM

I hate to say it but if you want the funds i would just say peel it. To find anyone willing to pay over bitcoin spot and the rest of the shitcoins on there will be close to impossible. Also the logistics in arranging a proper secure transaction will be quite difficult as well. I appreciate your not wanting to peel yet another bar is commendable but might be your only option.

What i would do is call all the bigtime auction houses and see if its something they want to touch. Bitcoin is now know in financial circles and at least you wont get "huh?!?" as a response. Id be interested in hearing auction house stance on 3rd party loaded bitcoin products.

I would trust an escrow on here with the bar before I trusted an auction house. But I assume there are many secuirty protocols in place at heritage and all those other ones

I guess there isn't anyone here with big enough balls to buy this bar 🤷‍♀️

anonymousminer

legendary

Activity: 1428

Merit: 1242

Quote from: wheelz1200 on April 16, 2018, 09:00:22 AM

I hate to say it but if you want the funds i would just say peel it. To find anyone willing to pay over bitcoin spot and the rest of the shitcoins on there will be close to impossible. Also the logistics in arranging a proper secure transaction will be quite difficult as well. I appreciate your not wanting to peel yet another bar is commendable but might be your only option.

What i would do is call all the bigtime auction houses and see if its something they want to touch. Bitcoin is now know in financial circles and at least you wont get "huh?!?" as a response. Id be interested in hearing auction house stance on 3rd party loaded bitcoin products.

There is an offer of 110BTC currently on the table...... Shocked

Topic: My loaded 100 BTC Casascius Bearer Bar - page 5. (Read 14269 times)