Original 5 BTC Casacius market value

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: Platzman on December 17, 2017, 04:53:00 PM

OK I've done a bit of Newbie homework. Got my 5 BTC coin graded (see pics) and put in a nice protective case which took much longer than I thought. It's MS64. Now I realize that this coin also holds "forked" currencies BCG and BCH which at market price today (0.11 BCH/BTC) would put face value at around 5.55 BTC. Right ?

I've also found out that there is some mistrust with Newbie auctions as it seems they may chicken out of a deal. So kind of cath 22 here. How does a newbie gets sufficient buyer interest for an auction if no trust exist - just like in my case Huh

https://imgur.com/a/k2FKY

Auction it off here, so long as you can prove you own it, maybe the general paper with name and date next to it and offer the ability to the buyer to utilize a trusted escrow here you should get the same interest as a long time buyer here, especially since it's now graded. Good luck

Vigens

full member

Activity: 296

Merit: 100

How much would you like for it? PM.

killyou73

full member

Activity: 504

Merit: 185

Quote from: owlcatz on November 01, 2017, 06:22:12 PM

Quote from: Blazed on November 01, 2017, 06:11:36 PM

Quote from: Platzman on November 01, 2017, 06:07:24 PM

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

Not only that, but I can't imagine sending a coin worth 5 btc right now in the mail, especially to ANACS who will only guarantee a $100 return insurance amount. Tongue

(I'd rather peel it or sell it in person, or to someone reputable such as Blazed here, especially if I lived in CA).

Just my opinion, ofc, cheers!

But blazed doesn't live in CA, unless he moved?!

Platzman

newbie

Activity: 6

Merit: 0

OK I've done a bit of Newbie homework. Got my 5 BTC coin graded (see pics) and put in a nice protective case which took much longer than I thought. It's MS64. Now I realize that this coin also holds "forked" currencies BCG and BCH which at market price today (0.11 BCH/BTC) would put face value at around 5.55 BTC. Right ?

I've also found out that there is some mistrust with Newbie auctions as it seems they may chicken out of a deal. So kind of cath 22 here. How does a newbie gets sufficient buyer interest for an auction if no trust exist - just like in my case Huh

https://imgur.com/a/k2FKY

Lesbian Cow

legendary

Activity: 3066

Merit: 1757

Quote from: Platzman on November 02, 2017, 12:21:31 PM

OK will mostl likely use FedEx + Escrow and prepare for an Auction as I am not much of a coin collector.
Thanks to all for this info.

Now I just have to learn about auctions on this site...

Auctions are great here, very popular and gets you the market price.

Just take a look around the collectable section and you will see many examples of how to set them up.

Platzman

newbie

Activity: 6

Merit: 0

OK will mostl likely use FedEx + Escrow and prepare for an Auction as I am not much of a coin collector.
Thanks to all for this info.

Now I just have to learn about auctions on this site...

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: FFrankie on November 01, 2017, 08:14:56 PM

Quote from: Blazed on November 01, 2017, 08:04:32 PM

Quote from: wheelz1200 on November 01, 2017, 08:03:29 PM

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet? I haven't heard of one.

None that I have ever heard of.

A package I sent to FL got lost by USPS, at the time the BTC to USD I would have receieved was about $300 if I recall correctly, not much but still something

That does suck. Anything of value you can send registered usps and you should be pretty safe as I think that's under lock and key

FFrankie

hero member

Activity: 2254

Merit: 960

100% Deposit Match UP TO €5000!

Quote from: Blazed on November 01, 2017, 08:04:32 PM

Quote from: wheelz1200 on November 01, 2017, 08:03:29 PM

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet? I haven't heard of one.

None that I have ever heard of.

A package I sent to FL got lost by USPS, at the time the BTC to USD I would have receieved was about $300 if I recall correctly, not much but still something

Gatorelf

sr. member

Activity: 845

Merit: 267

I shipped USPS priority with tracking and signature some high $$ coins and always went pretty smooth

nice coin !

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: wheelz1200 on November 01, 2017, 08:03:29 PM

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet? I haven't heard of one.

None that I have ever heard of.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Shipping high value coins around does get uneasy but if you use the safest of carriers and shipment methods it's pretty safe and secure...has anyone on these forums really lost a high value coin yet? I haven't heard of one.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: Platzman on November 01, 2017, 06:40:25 PM

OK I get it. ANACS not really an option. I would't mind travelling but I have a border to cross and traveling with an excess of 10K$ in monetary instruments is a problem as it requires a declaration (ever heard of CBP 6059-B/FINTRAC ?). And not to declare is not an option as I do have to cross this border very often. I guess I have to get at ease with the shipping risk...

Honestly shipping them is pretty safe, but I understand the fear. If you decide to take the plunge and have it graded and need help with the form feel free to msg me and I will help you.

Platzman

newbie

Activity: 6

Merit: 0

OK I get it. ANACS not really an option. I would't mind travelling but I have a border to cross and traveling with an excess of 10K$ in monetary instruments is a problem as it requires a declaration (ever heard of CBP 6059-B/FINTRAC ?). And not to declare is not an option as I do have to cross this border very often. I guess I have to get at ease with the shipping risk...

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: owlcatz on November 01, 2017, 06:22:12 PM

Quote from: Blazed on November 01, 2017, 06:11:36 PM

Quote from: Platzman on November 01, 2017, 06:07:24 PM

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

Not only that, but I can't imagine sending a coin worth 5 btc right now in the mail, especially to ANACS who will only guarantee a $100 return insurance amount. Tongue

(I'd rather peel it or sell it in person, or to someone reputable such as Blazed here, especially if I lived in CA).

Just my opinion, ofc, cheers!

I escrowed a deal 2 weeks back where 2 x Cas 10 coins were mailed uninsured. If you pick a reliable mailing service the risks are extremely low.

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: Blazed on November 01, 2017, 06:11:36 PM

Quote from: Platzman on November 01, 2017, 06:07:24 PM

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

Not only that, but I can't imagine sending a coin worth 5 btc right now in the mail, especially to ANACS who will only guarantee a $100 return insurance amount. Tongue

(I'd rather peel it or sell it in person, or to someone reputable such as Blazed here, especially if I lived in CA).

Just my opinion, ofc, cheers!

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: Platzman on November 01, 2017, 06:07:24 PM

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

ANACS is your only option for grading. Any Casascius coin will carry a premium due to who made them. Your coin has some smudges on the BTC and that will hurt the grade some, but overall it is not a bad looking coin. My guess is you would get MS64/65 on it.

Platzman

newbie

Activity: 6

Merit: 0

Thanks Blazed, but I think it I shoud have it graded by ANACS or equiv as I have little knowledge of what constitutes a poor/mint condition. I do realize though that there is a premium attached to a loaded physical 5 BTC as your offer kindly demonstrates. This is also a challenge for me as I am located in Canada and don't feel good at all sending this through a little FedEx envelope to an organisation I dont know.

Do you guys know of any alternative grading services or DIY grading kits ?

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: Blazed on October 29, 2017, 04:57:08 PM

I assume it was out of the case and or handled? It is worth more than face value for sure either way. I would offer you 5.75BTC shipped

Any interest in my offer?

WinterParker

sr. member

Activity: 356

Merit: 250

Dock.io

thats a steal!

Lesbian Cow

legendary

Activity: 3066

Merit: 1757

Quote from: Blazed on October 29, 2017, 04:57:08 PM

I assume it was out of the case and or handled? It is worth more than face value for sure either way. I would offer you 5.75BTC shipped

Solid offer!

Blazed

legendary

Activity: 2128

Merit: 1119

I assume it was out of the case and or handled? It is worth more than face value for sure either way. I would offer you 5.75BTC shipped

Platzman

newbie

Activity: 6

Merit: 0

Quite right - I misread and interpreted 1.008 as one+fraction so forget this comment. So this is only one of *many* 5 BTC Casacius. Here are some photos taken a minute ago.
https://ibb.co/iD9AO6
https://ibb.co/ncPoAm

Forgive what may seem like a newbie mistakes on this site Wink

.

Lesbian Cow

legendary

Activity: 3066

Merit: 1757

What do you mean by the last in circulation? There are still over 700 active Casascius 5btc.

The premium is somewhat dependent on condition - horrible condition around 5.6 mint condition maybe 6.5 ungraded.

Do you have good photos?

Edit to add - don't peel it, someone (maybe even me) will purchase it from you.

Platzman

newbie

Activity: 6

Merit: 0

Hi Folks,

I bought a Casacius 5 BTC coin about 5 years ago. I was about to transfer it into a hardware wallet but I was told it might have a higher value as a loaded chip. Further research (at https://casascius.uberbills.com) showed me that I may well have the very last 5 BTC in circulation. I'd like to know from you experts, what can be the expected premium for a 5 BTC Casacius (2012).

Thanks !

Topic: Original 5 BTC Casacius market value (Read 781 times)