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Topic: [WTS] Casascius Series 1 1BTC, 5 BTC, 25 BTC (Read 1553 times)

legendary
Activity: 1554
Merit: 1009
February 19, 2014, 01:00:47 PM
#10
Are you looking to sell for 2x face value or what

I see this often enough that I feel like I need to address it.

The value of a collectible coin doesn't have anything to do with its face value.

"2x face value", etc, is simply not how coins are priced, and it doesn't make sense to say things like this.

Here's how a coin is priced:

+ + =

For bullion coins, like Krugerrands or silver Maple Leafs, the intrinsic value is the value of the metal. For a Casascius coin, the intrinsic value is the face value plus the value of any precious metals.

The numismatic value is the amount of additional money the coin would fetch, based on its rarity or desirability as a collectible.

The seller's premium is the profit margin of the seller.

Note how there are no multiplication (x) symbols in the above equation; only plus (+) symbols.

Using the "?x face value" system does nothing but help people with high-face value coins rip off the general coin-buying public. "Buy my 10btc coin for 30btc -- only 3x face value! It's just like getting an 0.5btc coin for 1.5btc!" -- this glosses over the fact that the seller is asking a TWENTY BTC PREMIUM for a coin that's not even one of the most rare Casascius coins. Think about that. Even at today's exchange rates, that's a TWELVE THOUSAND DOLLAR premium. For a privately-minted round issued in 2013.

Go into a coin store and tell them about this, watch their jaw hit the floor.

Something to think about Smiley
hero member
Activity: 625
Merit: 501
x
February 19, 2014, 10:22:30 AM
#9
For the series 1s, I would need at least 4 to consider letting go of another one.  I'm not sure about the 5 and 25 BTC.  They aren't as rare so maybe 7-7.5 for the 5 BTC coin and 28-30 for the 25 BTC coin.

Your 5 BTC and 25 BTC are actually rarer than the 1 BTC. (Each of these is split into S1 and S2, but even with that, the 5 and 25 are rarer than the S1 1 BTC.)
You can explore a bit at uberbills if you care to.

Here are the remaining active mintages:

0.1 BTC   797   
0.5 BTC   3,856   
1 BTC           18,127
5 BTC            1,057
10 BTC   438   
25 BTC   573   
1000 BTC   3   

Good luck with your sales! You're welcome to link to this posting to the collectible marketplace thread if you care to.
legendary
Activity: 1498
Merit: 1164
February 19, 2014, 01:42:09 AM
#8
Do you still have the 25 BTC?  If so, can you post or PM images please?

I see the 25BTC coin is still listed.  Have you decided yet on selling it?
sr. member
Activity: 259
Merit: 250
100% Positive EBAY Feedback Since 2001
Do you still have the 25 BTC?  If so, can you post or PM images please?
legendary
Activity: 1904
Merit: 1002
For the series 1s, I would need at least 4 to consider letting go of another one.  I'm not sure about the 5 and 25 BTC.  They aren't as rare so maybe 7-7.5 for the 5 BTC coin and 28-30 for the 25 BTC coin.
member
Activity: 406
Merit: 10
Are you looking to sell for 2x face value or what
legendary
Activity: 1904
Merit: 1002
Prices?

One of the 1BTC coins is as good as sold, so I'm not really worried about selling any more at the moment.  I'm willing to, but you'll have to make me a good offer.
NWO
sr. member
Activity: 392
Merit: 250
Prices?
legendary
Activity: 1904
Merit: 1002
Pictures of 1 BTC coins:

legendary
Activity: 1904
Merit: 1002
I have 3x 1BTC, series 1 with spelling error, and 1 each of 5BTC and 25BTC casascius coins.  1 and 5 BTC coins have some minor wear, but the 25 BTC coin has never been out of it's plastic sleeve for more than a few seconds.  1BTC and 25BTC coins are dated 2011, and the 5BTC coin is dated 2012.  I am probably only looking to part with one or two of the 1BTC coins at the moment, but I'm entertaining offers for any or all of it.
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