Topic: NGC formally announces 250 Brass Cass Coins being Auctioned w/ Heritage Soon - page 3. (Read 2314 times)

Did all the coins sell out?

you forgot to add in the cut they AH takes or is your initial number after their cut? you said gross so I am assuming its not in the calculation. need the net total.

and you forgot to count all the forks. how much that is - not sure, but would have increased the peeling value - that and then selling the peeled coins on the side.

My guess is peeling them would have been more profitable. Also having Bitcoin vs shitcoin fiat

I'm waiting to hear from Heritage a few more details on the sale, they didn't charge me any seller's premium, or fees, at all BTW.

The price when I consigned them on the 18th July 2023 was about $30,000/BTC, so the price moved over 20% up from then.

https://tinyurl.com/yn4nk92g

The five dominant forked coins (BCH, BSV, XEC, BTG & BCD) were at $336.86/BTC the day before the sale, so $67,372 in total for the 200 BTC.

Yep, rsincognito, many thanks, these are some of the original online auctions where I bought some of these:

https://bitcointalk.org/index.php?topic=175969.0;all

https://bitcointalk.org/index.php?topic=175972.0;all

2013 03 17 Purchased 3 rolls of 50 x 1 btc Casascius series 2, windowed = 150 x 1 BTC @ 1.0487 btc = $49.81 ($50.60 my cost each incl. p/p) <--- I kept all 3 rolls vacuum sealed together. These have now been NGC graded & auctioned with Heritage 2023 11 03, plus 2 rolls of 0.5 BTC, total 200 BTC.

https://tinyurl.com/ym3f2bxc

(Correct me if I’m wrong), from what I understand they’re using BitPay to take payments and transactions. If you plan on bidding and plan to pay with crypto you should register with BitPay and get verified ahead of time so you can pay for your items in the suggestion timeframe that the auction house requires.

YVW!

I noticed that some posters were asking if people could pay in bitcoins for this auction, and the answer is yes sure they can, so long as they register ahead of time if they are new customers.

Very good call!

Bitcoin will be at $35,000 very soon, it's a beach ball being held under water ready to pop.

I can feel it in my bones. The bull is officially here.

I haven't placed any reserves on the coins personally, but I have been guaranteed by Heritage the overall bitcoin spot value for the collection as a whole, if say the spot price was $30,000/BTC on the 3rd of November, then I would get a minimum of $30,000 x 200 = $6M, which as I understand it some could then sell for under spot perhaps and some for a premium, though I'm not sure on this, as it's totally up to Heritage if the want to post a reserve on the coins or not, I guess it's best to either wait and see if they do that, or to contact them directly to find out what their intentions may be if they are willing to share, or have even decided upon it yet.

Maybe they're happy to buy in any coins if they don't reach the spot price, to hodl themselves, or even to peel if they didn't want to do that (but that could be controversial I'd imagine, so hopefully not), there's also about $200/BTC (I think) in forked coins which add value over the BTC spot price.  Edit: looks like $335/BTC ATM for the forks 23/10/23.

So it's a bit like selling say gold bullion collectables, unlikely to go for under the melt (peel) price on the day, and more likely to merit a premium for their rarity, desirability and future growth potential, but it will all depend upon demand, plus probably many outside factors, it should be good price discovery in any case and entertaining to watch, especially in what happens to their value in the subsequent few years, and over their next decade of existence.