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Topic: Physical Crypto General Discussion - page 2. (Read 4434 times)

legendary
Activity: 1554
Merit: 1009
July 23, 2015, 12:04:37 PM
#48
What else am I gonna do with 20 of the same coin  Tongue

Sit in your grand hall and covet them from across the room.

Heh. Somewhat related, here are the cases my 2013 silvers came in:

legendary
Activity: 2590
Merit: 3014
Welt Am Draht
July 23, 2015, 12:03:14 PM
#47

What else am I gonna do with 20 of the same coin  Tongue


Sit in your grand hall and covet them from across the room.
legendary
Activity: 1554
Merit: 1009
July 23, 2015, 12:01:43 PM
#46
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I purchased several dozen Casascius coins in 2013 and have been slowly selling them since. I've purchased *maybe* five coins from other collectors since my initial spree, and four of them have either been resold or are currently on auction.

At one point I owned almost 60. Once my current auction is finished, I'll have 7 Casascius coins and 3 Kialara bars (one of each, natch) left in my collection.

I'd hoped to get a full collection of sub-10btc Casascius coins, all with PGP docs, but it's proven to be a fruitless endeavor so I've mostly given up on it.

Just wondering, why are you dumping all of them?

What else am I gonna do with 20 of the same coin  Tongue
legendary
Activity: 3752
Merit: 1415
July 23, 2015, 11:48:35 AM
#45
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I purchased several dozen Casascius coins in 2013 and have been slowly selling them since. I've purchased *maybe* five coins from other collectors since my initial spree, and four of them have either been resold or are currently on auction.

At one point I owned almost 60. Once my current auction is finished, I'll have 7 Casascius coins and 3 Kialara bars (one of each, natch) left in my collection.

I'd hoped to get a full collection of sub-10btc Casascius coins, all with PGP docs, but it's proven to be a fruitless endeavor so I've mostly given up on it.

Just wondering, why are you dumping all of them?
legendary
Activity: 1554
Merit: 1009
July 23, 2015, 11:43:28 AM
#44
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I purchased several dozen Casascius coins in 2013 and have been slowly selling them since. I've purchased *maybe* five coins from other collectors since my initial spree, and four of them have either been resold or are currently on auction.

At one point I owned almost 60. Once my current auction is finished, I'll have 7 Casascius coins and 3 Kialara bars (one of each, natch) left in my collection.

I'd hoped to get a full collection of sub-10btc Casascius coins, all with PGP docs, but it's proven to be a fruitless endeavor so I've mostly given up on it.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
July 23, 2015, 10:52:14 AM
#43
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I used to think this around 1 year ago. I would have thought the earlier holders have all they want by now, less the odd special coin that comes along.
I think we were trying to get a collection like Goat, no?  Tongue

New collectors join the community once in a while, it normally align with jump in BTC exchange rate or some big public event. This is very good, because transaction and trade of goods is good for the bitcoin ecosystem. I also have a theory that most bitcoiner would like to have at least one Casascius coins, be because of the historical significance, but when they will buy "their coin" is more or less random.
legendary
Activity: 1554
Merit: 1000
July 23, 2015, 10:44:14 AM
#42
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

I used to think this around 1 year ago. I would have thought the earlier holders have all they want by now, less the odd special coin that comes along.
I think we were trying to get a collection like Goat, no?  Tongue
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
July 23, 2015, 09:50:46 AM
#41
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?

Pretty darned warped I'd say, but Casascius ain't making any more and you would've had to have been slightly hard core to have bought some back in the day.

Those who invested then or now deserve to reap future rewards.
legendary
Activity: 3752
Merit: 1415
July 23, 2015, 09:48:09 AM
#40
Is it me or does sometimes it feel like we just keep passing around all of these coins to each other.  I for one am buying and stashing them away.  Whats everyones thoughts on the distribution of physicals?
legendary
Activity: 1554
Merit: 1009
July 23, 2015, 08:10:19 AM
#39

... Huh

No, there are differences between each coin, it all depends on how the die was polished, how much wear and tear it had, as well as how the coin has been handled.

Lots of factors at play. I have two 1btc silvers in my personal collection that have two teeny tiny milkspots on the BTC in the exact same location; none of the other coins in the roll have 'em.

Something as simple as a few particles of dust can change a strike; something as simple as carelessly dropping coins into a tube can mar the face of a coin.

From what I've seen, the upper right vertical in the BTC on the 1btc silvers is the most susceptible to an uneven strike.

Has anyone else noticed the die error in the 0.5 silvers? Cheesy
legendary
Activity: 1162
Merit: 1001
July 23, 2015, 07:03:57 AM
#38

I feel like ANACS is missing a big point of the value of these coins. The face value exists in the hologram (in the key), an unloaded coin or a blank has significantly less value than one that is loaded (literally). So if the hologram is tampered with, how can ANACS consider the value the same as a coin with an intact hologram (let alone one that's of mint state quality)?

I think this is going to lead me to buying ungraded coins so I'm not paying a premium for a moniker that doesn't evaluate all aspects of these very unique coins.

I think they'd be opening themselves up to a nightmare if they started to consider the values of different iterations of coins. They're there to give you an opinion on the metal disk you send them and nothing more.

Thanks for the thoughts from you and QS. If the grading is only on the "metal disc" as you say, i'm surprised there's so much variance in the grades that come back...I realize they're using 8x magnification but there's really, really little on the metal of the coin (especially on the silvers) that indicate a difference in grade. The brass coins scuff and tarnish, but the silvers are pristine...every single one! The only difference I see are off center holograms or prefixes that are crooked.

No, there are differences between each coin, it all depends on how the die was polished, how much wear and tear it had, as well as how the coin has been handled.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
July 22, 2015, 07:53:25 PM
#37

I feel like ANACS is missing a big point of the value of these coins. The face value exists in the hologram (in the key), an unloaded coin or a blank has significantly less value than one that is loaded (literally). So if the hologram is tampered with, how can ANACS consider the value the same as a coin with an intact hologram (let alone one that's of mint state quality)?

I think this is going to lead me to buying ungraded coins so I'm not paying a premium for a moniker that doesn't evaluate all aspects of these very unique coins.

I think they'd be opening themselves up to a nightmare if they started to consider the values of different iterations of coins. They're there to give you an opinion on the metal disk you send them and nothing more.

Thanks for the thoughts from you and QS. If the grading is only on the "metal disc" as you say, i'm surprised there's so much variance in the grades that come back...I realize they're using 8x magnification but there's really, really little on the metal of the coin (especially on the silvers) that indicate a difference in grade. The brass coins scuff and tarnish, but the silvers are pristine...every single one! The only difference I see are off center holograms or prefixes that are crooked.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
July 22, 2015, 04:51:19 PM
#36

I feel like ANACS is missing a big point of the value of these coins. The face value exists in the hologram (in the key), an unloaded coin or a blank has significantly less value than one that is loaded (literally). So if the hologram is tampered with, how can ANACS consider the value the same as a coin with an intact hologram (let alone one that's of mint state quality)?

I think this is going to lead me to buying ungraded coins so I'm not paying a premium for a moniker that doesn't evaluate all aspects of these very unique coins.

I think they'd be opening themselves up to a nightmare if they started to consider the values of different iterations of coins. They're there to give you an opinion on the metal disk you send them and nothing more.
copper member
Activity: 2996
Merit: 2371
July 22, 2015, 04:49:07 PM
#35
What are peoples thoughts on how the condition of the hologram affects the coins value?

My thoughts are that the hologram forms part of a crypto coin and any damage/wear to the hologram will lower its value.

I know ANACS grade the coin only and do not consider the condition of the hologram - but for me if you have 2 MS68 graded coins, one with perfect hologram and the other with visible wear on the hologram,  I'd much prefer the perfect hologram coin.

Holograms is just one of the reasons why I don't send coins to ANACS.

I've seen some 1btc silvers with TERRIBLE holos receive MS68. It's silly. I bet you could sloppily remove an MS68 holo, grab the private key, reapply the holo with a dab of glue, resubmit it, and ANACS would still give it an MS68.
I think that is a bit of an exaggeration. However ANACS does not take the condition of a hologram into consideration when grading a coin AFAIK.

Although if you are only looking at pictures of a coin, all aspects of a coins condition are really hard to ascertain and you really need to see a coin with your eyes to get a good idea as to its quality. The coin's grade is probably the best way to tell its quality because almost every seller is going to say that their coin is in pristine condition.

I feel like ANACS is missing a big point of the value of these coins. The face value exists in the hologram (in the key), an unloaded coin or a blank has significantly less value than one that is loaded (literally). So if the hologram is tampered with, how can ANACS consider the value the same as a coin with an intact hologram (let alone one that's of mint state quality)?

I think this is going to lead me to buying ungraded coins so I'm not paying a premium for a moniker that doesn't evaluate all aspects of these very unique coins.
If the hologram has been tampered with then there would be a good chance that the coin would be damaged enough so that it would not receive any kind of a high grade. There are also certain security measures on the physical coins that make it evident that a coin's is tampered with to the naked eye so looking at a picture of a coin should allow you to tell if the hologram is intact or not.

I also don't believe that ANACS doesn't actually consider the value of the coin when grading it, they will consider the condition of the coin. It is the market that considers higher graded coins to be more valuable
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
July 22, 2015, 04:42:43 PM
#34
What are peoples thoughts on how the condition of the hologram affects the coins value?

My thoughts are that the hologram forms part of a crypto coin and any damage/wear to the hologram will lower its value.

I know ANACS grade the coin only and do not consider the condition of the hologram - but for me if you have 2 MS68 graded coins, one with perfect hologram and the other with visible wear on the hologram,  I'd much prefer the perfect hologram coin.

Holograms is just one of the reasons why I don't send coins to ANACS.

I've seen some 1btc silvers with TERRIBLE holos receive MS68. It's silly. I bet you could sloppily remove an MS68 holo, grab the private key, reapply the holo with a dab of glue, resubmit it, and ANACS would still give it an MS68.
I think that is a bit of an exaggeration. However ANACS does not take the condition of a hologram into consideration when grading a coin AFAIK.

Although if you are only looking at pictures of a coin, all aspects of a coins condition are really hard to ascertain and you really need to see a coin with your eyes to get a good idea as to its quality. The coin's grade is probably the best way to tell its quality because almost every seller is going to say that their coin is in pristine condition.

I feel like ANACS is missing a big point of the value of these coins. The face value exists in the hologram (in the key), an unloaded coin or a blank has significantly less value than one that is loaded (literally). So if the hologram is tampered with, how can ANACS consider the value the same as a coin with an intact hologram (let alone one that's of mint state quality)?

I think this is going to lead me to buying ungraded coins so I'm not paying a premium for a moniker that doesn't evaluate all aspects of these very unique coins.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
legendary
Activity: 1554
Merit: 1009
July 22, 2015, 11:07:10 AM
#32
There's a lot of setup involved, so although the time per piece for a large run might be very small (a few minutes), that one proof took about three hours to produce Shocked
hero member
Activity: 707
Merit: 500
July 22, 2015, 10:52:38 AM
#31
Here's something you folks may find interesting. Some time ago, I designed a CoA for a new crypto coin being designed by the (in)famous Goat. The coin never got launched, but I did hand-silkscreen a few test copies of the CoA.

We went through a few revisions, this was the most current one when the plug got pulled. Green, black and gold ink on white 100% cotton rag.

The empty circle was going to house a hologram sticker. Shame they never saw the light of day!

Very nice - about how long does it take to complete 1 CoA?
legendary
Activity: 1554
Merit: 1009
July 22, 2015, 09:42:40 AM
#30
Here's something you folks may find interesting. Some time ago, I designed a CoA for a new crypto coin being designed by the (in)famous Goat. The coin never got launched, but I did hand-silkscreen a few test copies of the CoA.

We went through a few revisions, this was the most current one when the plug got pulled. Green, black and gold ink on white 100% cotton rag.





The empty circle was going to house a hologram sticker. Shame they never saw the light of day!
legendary
Activity: 1470
Merit: 1017
Star Wars Ep. 9 is here
July 22, 2015, 09:07:27 AM
#29
I have two redeemed 10B and one never holo'd 25b and 5b all get MS60.  So if the holo is clearly peeled or never applied by Mike C, the Cas coins seem to get a default MS60
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