Topic: World's Most Valuable Coin - the $48 Million Gold 1,000 Bitcoin Gold Cas (Read 680 times)

I understand what you mean, but I didn't even think that there could be such dependence on coins, although you probably have an extremely large denomination of the coin, so you admire them for 30 minutes. As for tweets or celebrity videos that could spark hype, I have a plan. What if we ask Charlie as a regular in the collectibles section to help us with this? I know that he had a couple of large denomination coins that he wanted to sell, and he has a lot of followers on Twitter ... he could easily get Elon Musk to buy one of his coins with a provocative tweet.

  I gotta agree with this...and we are a part of that wonderful collectable hobby 

It's crazy how some dude's side project ( Mike ) can suddenly a few years later spawn off the most valuable coins in the world.

I foresee all physical crypto coins becoming items of total legend in the next 10 years. Demand will far outstrip the load value. They won't be thought of in load value they will instead be thought of as highly sought after collectables.

Any chump can buy a bitcoin on the exchange, but only a few can own one that is loaded on a pretty coin that can be held in their hand.

I find myself spending minimum probably 30 minutes a day staring at the shiny hologram on at-least one of my coins.

Just wait till these get out of the gold and silver bug circles and become status symbols.

maybe a rapper or a celebrity will flash one in a music video, or Elon tweets about one.

I don't think you should be influenced by the whim of a celebrity but most people are.

Another outlet https://www.coinnews.net/2021/10/05/greatcollections-submits-48m-gold-1000-bitcoin-physical-coin-to-pcgs/

LOL  

"moved my BTC into a shitcoin"... it took me far too many years to stop relating to that comment  

Hell with a peeled one...  I hope this brings up the value of the unpeeled and never loaded ones.   

It is amazing how much press this is getting.  I never would have thought TMZ would be carrying a story about Casascius coins...  It looks like the long running drought in Casascius values may be coming to an end?  Probably a bit premature, but it definitely seems like we're approaching the point where more people will want these coins than the supply can accommodate. 

Now TMZ is running the story. It's getting a lot of press.

https://www.tmz.com/2021/10/06/bitcoin-gold-cas-crypto-million/

What do you think a peeled 1000 cas is worth now?

This is why I like the coins, they keep me from selling my coins.

My pee brain would have moved my BTC into a shitcoin by now if it was not locked behind the shiny magic sticker.

The only reason this guy even has the 1000 BTC is probably because it was safe in this cold storage format, not on a lost hard drive.

As regrettable as it may sound, as long as you and the whole world buy yourself coffee and milk for dollars, Bitcoin will demonstrate similar dynamics to the dynamics of American stock indices. And even with the Fed's shitty monetary policy, we're still stumped because most trade is still done with the dollar.

That is why I said that I would choose a collectible coin, because if I did not do this, then over time I would not have left a single bitcoin out of 1500 (just for the reason that I use crypto every day and everywhere).

I'm in the same camp as the owner of this coin, even if I had 1000 bitcoin I would not accept dollars for a single one. why trade the best performing asset for the worst? 😆

This exclusive collectible is delightful ... but I would definitely prefer a coin over an additional 550 bitcoins, at least for the reason that during ten years during the peaks I would have repeatedly been tempted to convert some part of bitcoins into dollars. I suspect that in the end, I (or from someone who would also prefer additional bitcoins) would have had an order of magnitude less dollars left than dollars in the equivalent of a collectible coin.

Would you rather have a coin locked away in an offshore vault or an extra 550 BTC? (sigh)

These coins were priced in USD and offered for sale in Bitcoin, exactly the same situation as my offerings...  Just stating the facts.  There is literally nothing you could have purchased back then in the world that would be worth more BTC today than back then.  Even the Coinbase initial ownership offering has failed to keep up with Bitcoin itself.  I feel this is necessary to continue to point out until the community gets it.  This thread is a perfect example...  People are valuing things in USD, not BTC.  All the major news agencies aren't giving the purchase price in BTC for a reason.  It doesn't matter.

Edit: For anyone actually wondering (not that it matters), the purchase price when released for these Casascius coins in Bitcoin was 1,578.125 BTC.  By the logic of some on this forum, that means purchasing one of these coins would have resulted in the loss of over 550 BTC (or more than $27,500,000), so we can all breathe a sigh of release that we didn't purchase one.

the only way that it would have been worth more if they bought/held btc is if the same amount spent on the coin would have been used to buy btc and only then if that btc would today be worth more than that coin. If so, then it would have been better to buy/hodl the btc. If not, then the coin is a better deal. Probably helps that the coin is super rare and made of gold that so that increases the value, quite a bit imo.

that is not the same as the guys who spent btc to buy your seats, while your seats are (for some) worth more USD now than maybe they spent ie paid 100 bucks and seat is worth 110 bucks (made up numbers, I have no idea what anyone paid or what their seats are worth and that would vary for each person) so yes they are up 10% but had they bought 100 bucks in btc and held it, they would be up considerably more.

In the end, I think it is safe to say, hindsight being 20/20 the best anyone could have done was to buy btc and hodl.

In before someone comments that the buyer would have been better off holding their Bitcoin and not purchasing this coin in the first place...
Be careful OP, I've gotten negative trust feedback for mentioning a coin's value in USD.  
Sorry for the obvious troll.  I just love the double standards of this place sometimes.  

This is no doubt a great coin.  I really enjoy looking at mine (although it has been a few years since I've seen it, lol).  The idea that a few lines of test on the blockchain is the only thing keeping mine from being the most valuable coin in the world is pretty cool, although I guess everyone could say that same thing about their Bitcoin wallets.  



Don't stress it.  I've done business with nearly everyone on this board and many don't leave me trust because they are salty about some truth I told at some point or that I exposed wrongdoing by one of their buddies.  Some of them have trusted me to handle tens and even hundreds of thousands of dollars in trades and would do so again...  I even get people leaving me negative trust out of jealousy (see above mentioned example).  You just have to realize who the bad actors are and leave them a ~ in your trust settings so you can ignore their judgement.  The default trust network is a mess right now, so you sort of have to take it into your own hands.

b - plz and thank you.

Fed says hold my beer.

https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html

Reads like an Onion article

This coin is a very historic item, I would love to get it on a poster...

What a coin ! incredible one ! 

Great Collections and all:

This was picked up by Yahoo Finance and run there as well:

https://finance.yahoo.com/news/kept-drawer-2-years-4-181200905.html

Steeley