Topic: Value of a casascius coin used for cold storage? (Read 451 times)
Thanks for the input. I think he's going to redeem it.
I agree with everyone here. I dont know how many btc on on it but i would tell your friend when he is good and ready to just redeem it and any other (clam/bcc) on it. Not worth the hassle for the little premium he will now get.
Agreed. Just keep filling it up until it is time to cash out!
Same, it may be a hassle dealing with the premium banter and if it's important I'd aim to get some cleaner Cas coins now.
I agree with everyone here. I dont know how many btc on on it but i would tell your friend when he is good and ready to just redeem it and any other (clam/bcc) on it. Not worth the hassle for the little premium he will now get.
Agreed. Just keep filling it up until it is time to cash out!
I agree with everyone here. I dont know how many btc on on it but i would tell your friend when he is good and ready to just redeem it and any other (clam/bcc) on it. Not worth the hassle for the little premium he will now get.
Casascius coin should not be used as cold storage. I was thinking of doing that mistake a while back good thing I came to my senses. I would not buy an overfunded casascius. Clams and dust don't count 
.
. He's got himself into a bit of a difficult decision. Up until now previous Cas auctions for coins with extra BTC loaded don't get as much interest as Cas coins loaded with face value.
Say a normal 2012 series 2 sells for 1.2BTC, if it was loaded with extra BTC then the price would increase per the value of the BTC loaded. There would be no premium on the surplus BTC.
Now say your friend had loaded 4BTC on his coin (on top the the 1BTC face value) it would lower the amount of people interested in buying it as they have to shell out about 5.2BTC for it.
Now given the fact that the 5 BTC also contain about an extra $1500 worth of BCH, you could assume that the people interested would be significantly less.
In short, don't expect any special premium. Someone will buy it for face value (BTC+BCH combined) with a small premium (possibly less than the usual premium on a series 2 2012 Cas single) as fewer people would be in for it.
Say a normal 2012 series 2 sells for 1.2BTC, if it was loaded with extra BTC then the price would increase per the value of the BTC loaded. There would be no premium on the surplus BTC.
Now say your friend had loaded 4BTC on his coin (on top the the 1BTC face value) it would lower the amount of people interested in buying it as they have to shell out about 5.2BTC for it.
Now given the fact that the 5 BTC also contain about an extra $1500 worth of BCH, you could assume that the people interested would be significantly less.
In short, don't expect any special premium. Someone will buy it for face value (BTC+BCH combined) with a small premium (possibly less than the usual premium on a series 2 2012 Cas single) as fewer people would be in for it.
I do not see how the bcash coins add value to the Cas coin. If people actually bought them to redeem then yes, but it is really the opposite. I personally think over funded Cas coins hurt the value.
I sold an over-funded Cas coin some time ago. The thread contains all the numbers as well as quite a bit of banter regarding the value of such a coin.
https://bitcointalksearch.org/topic/wts-anacs-ms-67-silver-casascius-tenth-with-exception-1100176
https://bitcointalksearch.org/topic/wts-anacs-ms-67-silver-casascius-tenth-with-exception-1100176
He's got himself into a bit of a difficult decision. Up until now previous Cas auctions for coins with extra BTC loaded don't get as much interest as Cas coins loaded with face value.
Say a normal 2012 series 2 sells for 1.2BTC, if it was loaded with extra BTC then the price would increase per the value of the BTC loaded. There would be no premium on the surplus BTC.
Now say your friend had loaded 4BTC on his coin (on top the the 1BTC face value) it would lower the amount of people interested in buying it as they have to shell out about 5.2BTC for it.
Now given the fact that the 5 BTC also contain about an extra $1500 worth of BCH, you could assume that the people interested would be significantly less.
In short, don't expect any special premium. Someone will buy it for face value (BTC+BCH combined) with a small premium (possibly less than the usual premium on a series 2 2012 Cas single) as fewer people would be in for it.
Say a normal 2012 series 2 sells for 1.2BTC, if it was loaded with extra BTC then the price would increase per the value of the BTC loaded. There would be no premium on the surplus BTC.
Now say your friend had loaded 4BTC on his coin (on top the the 1BTC face value) it would lower the amount of people interested in buying it as they have to shell out about 5.2BTC for it.
Now given the fact that the 5 BTC also contain about an extra $1500 worth of BCH, you could assume that the people interested would be significantly less.
In short, don't expect any special premium. Someone will buy it for face value (BTC+BCH combined) with a small premium (possibly less than the usual premium on a series 2 2012 Cas single) as fewer people would be in for it.
Exactly.
And I wouldn't expect the "small premium" to be more than the value of a redeemed 2012 brass Casascius. So using a Casascius as a cold storage (other then the face value) isn't the best solution in my opinion.
He's got himself into a bit of a difficult decision. Up until now previous Cas auctions for coins with extra BTC loaded don't get as much interest as Cas coins loaded with face value.
Say a normal 2012 series 2 sells for 1.2BTC, if it was loaded with extra BTC then the price would increase per the value of the BTC loaded. There would be no premium on the surplus BTC.
Now say your friend had loaded 4BTC on his coin (on top the the 1BTC face value) it would lower the amount of people interested in buying it as they have to shell out about 5.2BTC for it.
Now given the fact that the 5 BTC also contain about an extra $1500 worth of BCH, you could assume that the people interested would be significantly less.
In short, don't expect any special premium. Someone will buy it for face value (BTC+BCH combined) with a small premium (possibly less than the usual premium on a series 2 2012 Cas single) as fewer people would be in for it.
Say a normal 2012 series 2 sells for 1.2BTC, if it was loaded with extra BTC then the price would increase per the value of the BTC loaded. There would be no premium on the surplus BTC.
Now say your friend had loaded 4BTC on his coin (on top the the 1BTC face value) it would lower the amount of people interested in buying it as they have to shell out about 5.2BTC for it.
Now given the fact that the 5 BTC also contain about an extra $1500 worth of BCH, you could assume that the people interested would be significantly less.
In short, don't expect any special premium. Someone will buy it for face value (BTC+BCH combined) with a small premium (possibly less than the usual premium on a series 2 2012 Cas single) as fewer people would be in for it.
I have a friend with a Casascius coin (series 2, 2012) that he uses for cold storage, and it now holds several bitcoins. What does this do to it's value (beyond the value of the bitcoins that it holds)? He is considering breaking it open because of the additional value of the BCH, but maybe someone would pay more than it's redemption value.
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