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Topic: Now Here: Casascius 1000 BTC Fine Gold Coin - page 4. (Read 27698 times)

full member
Activity: 196
Merit: 100
December 19, 2013, 10:04:04 PM
Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?

He was supposedly counterfeiting US dollars. That is not all what is going on here.

No, it was not counterfeiting US dollars. It made a coin made out of solid gold and the IRS argued that is counterfeiting because someone might confuse it for a "real dollar". Even though it looked nothing like dollar coins, and was made of gold
hero member
Activity: 1008
Merit: 514
December 19, 2013, 07:46:32 PM
Very cool man, great job.
full member
Activity: 196
Merit: 100
December 17, 2013, 07:47:50 PM
Didn't the last private company to mint gold coins got shut down by the USA and have all their gold confiscated?
full member
Activity: 168
Merit: 100
December 17, 2013, 05:16:42 PM
The troll controlls that website. That is not a media source.

how about the Bangkok Post? http://www.bangkokpost.com/business/news/362222/bitcoin-declared-illegal-in-thailand
full member
Activity: 168
Merit: 100
December 17, 2013, 04:25:00 PM
I thought trading BTC was illegal in prathet thai since earlier this year.

Bitcoin is legal in thailand. Just like gold is legal.

that is true as you say it, however, according to this article here https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/ it is not legal to

    Buying Bitcoins
    Selling Bitcoins
    Buying any goods or services in exchange for Bitcoins
    Selling any goods or services for Bitcoins
    Sending Bitcoins to anyone located outside of Thailand
    Receiving Bitcoins from anyone located outside of Thailand
full member
Activity: 168
Merit: 100
December 15, 2013, 03:01:03 AM
I thought trading BTC was illegal in prathet thai since earlier this year.
legendary
Activity: 2324
Merit: 1125
December 14, 2013, 01:59:28 PM
Fwiw I think Goat got the very first gold coin I ever completed

It may have not been the first funded but was the first prototype.

When he asked me to sell him a coin i was on my way to Vegas for DefCon and didn't have time to make a new one so I grabbed my own prototype coin and sold it.

I told the new buyer this story and glad you confirmed it. At times i wish i did not sell it but with my travel im not sure i could have kept it safe.

Thanks mike for making some epic stuff!

And good luck on dealing with those idiotic regulating agencies giving you grief.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
December 14, 2013, 01:15:04 PM
Fwiw I think Goat got the very first gold coin I ever completed

It may have not been the first funded but was the first prototype.

When he asked me to sell him a coin i was on my way to Vegas for DefCon and didn't have time to make a new one so I grabbed my own prototype coin and sold it.
legendary
Activity: 2324
Merit: 1125
December 14, 2013, 12:06:27 PM

the price was set around this time yes.

also i doubt there were too many people willing to pay $250,000 for a coin. maybe but i don't happen to know them. im happy with what we got for it but i do miss the coin. it was my favorite possession but with my travel i was not able to watch over and protect it.

No kidding, if I'd own a coin worth a quarter mill it would be my favorite fucking possession too.
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
December 12, 2013, 08:55:19 AM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

No way I would have done that. I would have demanded a high markup. This is a very rare coin so why only sell it for the btc value?

Even the 1 BTC brass coins sell at a 40% premium.

there was a premium.

btc was not $1000 at the time.

unless you sold when btc was under <$800 (why!?)m i would have assumed the 1000BTC bar to easily fetch >1300BTC from the right buyer.
hero member
Activity: 784
Merit: 501
November 28, 2013, 10:42:55 AM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

No way I would have done that. I would have demanded a high markup. This is a very rare coin so why only sell it for the btc value?

Even the 1 BTC brass coins sell at a 40% premium.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
November 27, 2013, 11:34:19 AM
I just would have kept that purchase secret and enjoy my coin...
It is such a fascinating coin, worth more than 1 million USD !!!
legendary
Activity: 2324
Merit: 1125
November 27, 2013, 07:45:19 AM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

Indeed, pretty decent investment Wink

The more important question though: where did you park the $1m in value?

DONT answer this hahaha.  4 years from now, when bitcoins are 100k each, and this man is sitting on a 100 million dollar coin, his house will be a better robbery location than a bank vault.  And about robbing physical bitcoins like on a golden coin or paper wallet, once you have it, it's super easy to spend the money afterwards.

Then again, I'm pretty sure it's in a VERY safe place, and not under a pillow even today!

Goat might have started a "country" by then (or w/e qualifies as such then).
member
Activity: 84
Merit: 10
November 27, 2013, 06:38:12 AM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

Indeed, pretty decent investment Wink

The more important question though: where did you park the $1m in value?

DONT answer this hahaha.  4 years from now, when bitcoins are 100k each, and this man is sitting on a 100 million dollar coin, his house will be a better robbery location than a bank vault.  And about robbing physical bitcoins like on a golden coin or paper wallet, once you have it, it's super easy to spend the money afterwards.

Then again, I'm pretty sure it's in a VERY safe place, and not under a pillow even today!
legendary
Activity: 2324
Merit: 1125
November 27, 2013, 05:44:52 AM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

Indeed, pretty decent investment Wink

The more important question though: where did you park the $1m in value?
hero member
Activity: 504
Merit: 500
November 27, 2013, 05:41:49 AM
Wow that's pretty damn awesome Goat. Congratulations, throw yourself a party! :p
legendary
Activity: 1190
Merit: 1001
November 27, 2013, 04:03:01 AM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?

$1,000,000

he contacted me.

WoW. Congrats!
I think is hard to say byebye to that beauty  Cry
legendary
Activity: 2324
Merit: 1125
November 26, 2013, 06:15:15 PM
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



How much did you sell it for? How did you find a buyer?
hero member
Activity: 784
Merit: 501
November 26, 2013, 06:11:41 PM
#99
kinda funny how that gold coin is worth practically nothing compared to 1,000 BTC now.

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.



Gold has been suppressed for quite a while. It makes no sense, demand for gold is rising greatly yet the price keeps dropping. Bitcoin is unsuppressable by the JP Morgan's, Goldman Sach's and HSBC's of this world.
legendary
Activity: 1272
Merit: 1012
howdy
November 25, 2013, 07:38:13 PM
#98

no kidding. just sold that coin in a fiat/btc/gold trade and lulz. gold is pretty worthless.


Congratz on the sale Smiley
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