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Topic: [WTB] buying Casascius 1 BTC brass coin 2011-2013 (Read 828 times)

legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490

I used to work in the financial industry and dealt with lots of contracts that had to be sent back and forth.  The vast majority of these documents had to be sent overnight.  Of all the services we used DHL was BY FAR the least reliable.

I do the same now - the one we seem to have the best luck with overnight is FedEx - in 10 years of me using them, I have only ever lost one package - and it was actually one sent to me by @phillipma1957 and that was like 2 weeks ago that they lost it - they promptly paid the claim, they accepted the blockchain transactions and our pms here as evidence of value/expense.

DHL... oh boy 3 lost packages and several destroyed but arrived packages and the majority of them late.

UPS... maybe a dozen or so that end up late but never lost any.

USPS... actually pretty reliable but slow - though I got a registered mail from Great Britain that was supposed to be signed for and not bent - it was shoved in my mailbox so was bent and had a hole in it. Oh, and they did not get my signature. The peelable sticker which they  are to take and return to sender for verification of receipt was still on the envelope. That was yesterday.


For digital assets - use a courier if its valuable, the expense will most likely be worth it.
full member
Activity: 121
Merit: 100
PM sent
newbie
Activity: 11
Merit: 0
I have for sale:
  • 1BTC unpeeled 2012 at 1.3BTC
  • 1BTC peeled 2012 (if you are interested)

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FkU0PWqG.jpg&t=614&c=2UrzfFEJpWWLlA
https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1UFbS0B.jpg&t=614&c=kap_0PKzBV492w

Only doing physical meetup in Singapore.

PM me if interested.
legendary
Activity: 1456
Merit: 1242
I would NEVER trust DHL in the US..... NEVER!!
Mind sharing your experience?

I used to work in the financial industry and dealt with lots of contracts that had to be sent back and forth.  The vast majority of these documents had to be sent overnight.  Of all the services we used DHL was BY FAR the least reliable.

who was the most reliable if you don't mind me asking?

I have never had a probelm with Fedex, but have not used UPS enough to form judgement

I had next to no issues with FedEx or UPS guaranteed overnight.  A few times a document was late, but they always arrived.  Also, if they are guaranteed by 10:30am and they are late, you get every penny of postage back.

Again... none of these carriers have insurance that will cover digital assets.  Even BRINKS will not cover digital assets as they have hand to hand delivery available.  However, their delivery must be business to business.

sr. member
Activity: 541
Merit: 362
Rules not Rulers
I would NEVER trust DHL in the US..... NEVER!!
Mind sharing your experience?

I used to work in the financial industry and dealt with lots of contracts that had to be sent back and forth.  The vast majority of these documents had to be sent overnight.  Of all the services we used DHL was BY FAR the least reliable.

who was the most reliable if you don't mind me asking?

I have never had a probelm with Fedex, but have not used UPS enough to form judgement
legendary
Activity: 3066
Merit: 1757
I have sent and received a few 1000 packages over the last few years.  The only 2 lost items involved DHL in the USA.  DHL may be great outside the usa, but they suck in usa.
legendary
Activity: 1456
Merit: 1242
I would NEVER trust DHL in the US..... NEVER!!
Mind sharing your experience?

I used to work in the financial industry and dealt with lots of contracts that had to be sent back and forth.  The vast majority of these documents had to be sent overnight.  Of all the services we used DHL was BY FAR the least reliable.
hero member
Activity: 679
Merit: 526
You want to use registered mail for this.  It is the safest way to send a package in the US.  Everyone who handles the package is logged and I've never heard of a registered/restricted package being lost.  You can have delivery restricted so that the recipient has to go to the post office to pick it up, this removes the carrier as a possible point of loss.
  
I doubt you'll find someone willing to wait until you receive the package to be paid their Bitcoin.  I certainly would never accept that kind of risk or delay.
copper member
Activity: 8
Merit: 0
I would NEVER trust DHL in the US..... NEVER!!
Mind sharing your experience?
legendary
Activity: 1456
Merit: 1242
I would NEVER trust DHL in the US..... NEVER!!
legendary
Activity: 1806
Merit: 1164
For comparables @coblee auctioned off some IGC graded Casascius 1 BTC brass coins last summer graded MS67 to MS69. Depending on grade auction price was 1.22 to 1.42:

https://bitcointalksearch.org/topic/auction-2011-casascius-1-btc-series-2-icg-ms69-best-grade-i-got-5146938
https://bitcointalksearch.org/topic/m.51104043
https://bitcointalk.org/index.php?topic=5142846.20

Considering your location getting a coin graded would be a chore and somewhat risky requiring extra trips by courier so think about buying a coin that is already graded. Graded coins do tend to sell for slightly higher prices and are easier to resell. Good luck!

legendary
Activity: 3178
Merit: 1348
you should tell them it is loaded with a digital cryptocurrency and see what they say......

I wouldn't tell that as Bitcoin is not yet accepted as a legal tender in my country, same as most other countries in the world Cheesy


I had a DHL Express shipment that was leaving the U.K. seized by customs. The parcel was correctly labelled, valued etc. Had I undervalued the package, the goods would have been forfeited (although they may not have looked at in in the first place if I’d disclosed a lower value).
It took half a year and lots of legal correspondence to get my coins back.

What do you mean under "coins" - physical Bitcoins or your cash?


I've never had any package lost by DHL yet, but many were "lost" by the usual postal service (maybe it was the customs as the tracking stopped right on the country border or right before it).

Physical bitcoins. They were marked as collectible tokens and declared at full value (fiat face value + fiat premium) when shipped
copper member
Activity: 8
Merit: 0
you should tell them it is loaded with a digital cryptocurrency and see what they say......

I wouldn't tell that as Bitcoin is not yet accepted as a legal tender in my country, same as most other countries in the world Cheesy


I had a DHL Express shipment that was leaving the U.K. seized by customs. The parcel was correctly labelled, valued etc. Had I undervalued the package, the goods would have been forfeited (although they may not have looked at in in the first place if I’d disclosed a lower value).
It took half a year and lots of legal correspondence to get my coins back.

What do you mean under "coins" - physical Bitcoins or your cash?


I've never had any package lost by DHL yet, but many were "lost" by the usual postal service (maybe it was the customs as the tracking stopped right on the country border or right before it).
legendary
Activity: 3178
Merit: 1348
DHL are a customs broker themselves and have an agreement with some countries' customs, thus their packages are either inspected by DHL themselves, or never inspected at all, or inspected very thoroughly by the country's government customs.
All these options do ensure that the package is never "lost" at customs office, and that's why I insist on DHL shipping only.
The downside of DHL customs brokerage is - they always charge an import tax (even when a country's customs do not charge), and DHL's import tax is always higher than the government's customs (e.g. you will pay 20% import tax for an item shipped by DHL rather than 15% for usual postal service)

I’m not sure how accurate this is in relation to physical BTC.
I had a DHL Express shipment that was leaving the U.K. seized by customs. The parcel was correctly labelled, valued etc. Had I undervalued the package, the goods would have been forfeited (although they may not have looked at in in the first place if I’d disclosed a lower value).
It took half a year and lots of legal correspondence to get my coins back.
There’s a risk with every courier you use. DHL or not.
sr. member
Activity: 541
Merit: 362
Rules not Rulers
DHL are a customs broker themselves and have an agreement with some countries' customs, thus their packages are either inspected by DHL themselves, or never inspected at all, or inspected very thoroughly by the country's government customs.
All these options do ensure that the package is never "lost" at customs office, and that's why I insist on DHL shipping only.
The downside of DHL customs brokerage is - they always charge an import tax (even when a country's customs do not charge), and DHL's import tax is always higher than the government's customs (e.g. you will pay 20% import tax for an item shipped by DHL rather than 15% for usual postal service)

Are you saying you have to pay a 20% tax on top of bitcoin? So a $10k Cas will cost $12k?
It's just an example, the tax depends on item type and description (e.g. "flashlights" will be taxed 15% by the government / 17% by DHL, "sports equipment" will be taxed 35% by the government / 40% by DHL and so on) and on declared item price (e.g. 100 USD item will not be taxed by the government but will be taxed by DHL and so on).

The physical Bitcoin is a "Books & Collectibles" category item which import tax is close to zero, also you could (and should Smiley ) declare its price as $1k instead of $10k.

That sounds better! I was going to say! Screw that!
copper member
Activity: 8
Merit: 0
DHL are a customs broker themselves and have an agreement with some countries' customs, thus their packages are either inspected by DHL themselves, or never inspected at all, or inspected very thoroughly by the country's government customs.
All these options do ensure that the package is never "lost" at customs office, and that's why I insist on DHL shipping only.
The downside of DHL customs brokerage is - they always charge an import tax (even when a country's customs do not charge), and DHL's import tax is always higher than the government's customs (e.g. you will pay 20% import tax for an item shipped by DHL rather than 15% for usual postal service)

Are you saying you have to pay a 20% tax on top of bitcoin? So a $10k Cas will cost $12k?
It's just an example, the tax depends on item type and description (e.g. "flashlights" will be taxed 15% by the government / 17% by DHL, "sports equipment" will be taxed 35% by the government / 40% by DHL and so on) and on declared item price (e.g. 100 USD item will not be taxed by the government but will be taxed by DHL and so on).

The physical Bitcoin is a "Books & Collectibles" category item which import tax is close to zero, also you could (and should Smiley ) declare its price as $1k instead of $10k.
sr. member
Activity: 541
Merit: 362
Rules not Rulers
DHL are a customs broker themselves and have an agreement with some countries' customs, thus their packages are either inspected by DHL themselves, or never inspected at all, or inspected very thoroughly by the country's government customs.
All these options do ensure that the package is never "lost" at customs office, and that's why I insist on DHL shipping only.
The downside of DHL customs brokerage is - they always charge an import tax (even when a country's customs do not charge), and DHL's import tax is always higher than the government's customs (e.g. you will pay 20% import tax for an item shipped by DHL rather than 15% for usual postal service)

Are you saying you have to pay a 20% tax on top of bitcoin? So a $10k Cas will cost $12k?
copper member
Activity: 8
Merit: 0
DHL are a customs broker themselves and have an agreement with some countries' customs, thus their packages are either inspected by DHL themselves, or never inspected at all, or inspected very thoroughly by the country's government customs.
All these options do ensure that the package is never "lost" at customs office, and that's why I insist on DHL shipping only.
The downside of DHL customs brokerage is - they always charge an import tax (even when a country's customs do not charge), and DHL's import tax is always higher than the government's customs (e.g. you will pay 20% import tax for an item shipped by DHL rather than 15% for usual postal service)
full member
Activity: 1298
Merit: 176
Krogothmanhattan alt account
Please note that the seller must accept a guarantor service, I will not send the money directly.

i.e. I send money to a third party (trusted user on this forum) and seller sends the coin to me, once I confirm the delivery the third party sends the money to the seller. I will pay the fee for the guarantor service.
For the safety I will record a video of receiving and opening the parcel, and inspecting the hologram.

Also we could just have a personal meeting for the deal Smiley I live in South-East Asia, we could meet in some big hub like Singapore or Hong Kong airport.

It usually works that buyer sends BTC to escrow like minerjones, then seller sends coin to minerjones ( not you). As soon as he receives coin from seller he forwards on the bitcoin ( minus 1%), and then forwards on the coin.

EDIT: also note insurance is impossible on bitcoins, I use the above method to import into Australia frequently, but if it gets lost/ stolen in the mail after escrow forwards you the coin, you are shit out of luck, and will lose your bitcoin.  


 a VISUAL help with Escrow explanation  Wink



Interesting Krog, that's more inline with what the OP suggested initially than what I said. The issue I take with that, as a seller, is you would be assuming a lot of extra risk in sending an international shipment. If customs does steal it, or DHS lose it etc, what happens to the escrow? Does buyer get back escrow unless shipment says delivered? Means seller takes postage/customs risk instead of buyer. I wouldn't sell under those conditions, not that I ever do sell, I am a buyer only, but I always assume the risk as a buyer importing it into another country, especially one with customs who like to steal shit.

  I personally would not trust anything in the mail with a value of  0.5btc or over. For that an in person meet comes in mind or send by a crypto courier.
  For anything in the 0.2 btc range and lower I will send fedex overnight.

  The visual aid is just help in visually showing how escrow works...for any item. Does not mean I agree or disagree with anyones comments
sr. member
Activity: 541
Merit: 362
Rules not Rulers
Please note that the seller must accept a guarantor service, I will not send the money directly.

i.e. I send money to a third party (trusted user on this forum) and seller sends the coin to me, once I confirm the delivery the third party sends the money to the seller. I will pay the fee for the guarantor service.
For the safety I will record a video of receiving and opening the parcel, and inspecting the hologram.

Also we could just have a personal meeting for the deal Smiley I live in South-East Asia, we could meet in some big hub like Singapore or Hong Kong airport.

It usually works that buyer sends BTC to escrow like minerjones, then seller sends coin to minerjones ( not you). As soon as he receives coin from seller he forwards on the bitcoin ( minus 1%), and then forwards on the coin.

EDIT: also note insurance is impossible on bitcoins, I use the above method to import into Australia frequently, but if it gets lost/ stolen in the mail after escrow forwards you the coin, you are shit out of luck, and will lose your bitcoin. 


 a VISUAL help with Escrow explanation  Wink



Interesting Krog, that's more inline with what the OP suggested initially than what I said. The issue I take with that, as a seller, is you would be assuming a lot of extra risk in sending an international shipment. If customs does steal it, or DHS lose it etc, what happens to the escrow? Does buyer get back escrow unless shipment says delivered? Means seller takes postage/customs risk instead of buyer. I wouldn't sell under those conditions, not that I ever do sell, I am a buyer only, but I always assume the risk as a buyer importing it into another country, especially one with customs who like to steal shit.
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