Topic: [WTS] Mega Ultra Rare 1BTC Silver-Gold Round /w "The Golden Heart" error! - page 2. (Read 5393 times)

I would definitely trust the authority of ANACS to some random forum members with an opinion.

Would ANACS be able to tell if it's legitimate or not? 

^^^^BUMP^^^^

Completely agree. The market is not fully matured and it's for the serious collector. I apply similar logic to the MCC market as well and we have also yet to see the price of PM explode.

Correct. The market determines the price. Ergo the listing. The grade is irrelevant with these coins. It may matter with the early brass coins but the newly minted silver rounds are pretty much all in superb condition. Most who bought them treated them like gems. I have plenty of the silver-gold rounds. All are pretty much the same. Cones on top of clones.  In mint condition. As they were shipped from mike. With the exception of the golden heart error coin. It's what makes that coin stand above all else.  I bought them to resell in a few years. Not anytime soon. I have patience. And when it does come down to my last silver-gold round, you can bet this one will go reluctantly. If it sells at all.

I think whoever buys this is a serious collector and isn't in it to resell for a margin. The Cas collector market will mature over time. More will get involved.  Money will come pouring in.  People will fight over a piece of history. This is priced rather reasonably. The 25btc+ coins will be much more difficult to sell as BTC appreciates. The scope of potential buyers will be very narrow.  There is a reason why I sunk some of my BTC into these silver rounds. I believe they are more desirable than the brass tokens. And marketing them shouldn't be an issue as they already speak for themselves. All I need are some sexy shots and market presence. And my scope of buyers is wide because its within reach for most entry and avid collectors/investors.

There has to be some level of trust here. Just as we trust mike to not have a copy of all private keys stashed away somewhere.  You can trust math. Humans, not so much.

You know I'm surprised I haven't heard from Chainsaw yet. I wonder what he's up to. He's done an excellent job maintaining a public record of Cas transactions for the market. He's a wise man. I think he was one of the first I showed my error coin to. If you are reading this, let me know what you think.

This is my form:

https://www.dropbox.com/s/eon7cpxs4zedvsh/anacs.pdf

Sending grading to ANACs is a bit confusing.  That's why I waited until I was at the Long Beach Expo and saw their booth and dropped it off.  I wound up paying $65 to grade my 2011 Casascius Error.  You pay more for the error variety. But at least now I have a completed copy of the form so I can use for future submissions.

You can specifically ask for a mint error designation from ANACs and pay the variety charge.  With so much discussion surrounding it I think there's a strong case for a mint error designation. I don't think you will get "heart shaped error" on the slab though.

Its up to buyer to gage how much they think its worth.  I'd personally value the grade over the error but that's just me. Someone in the thread mentioned if a buyer purchased this, how would they be able to sell it later for the same price? Well if you pay a substantial premium for a coin you have to wait a long period for the market to digest it.  There's no quick flip on something you pay a substantial premium on, because the buyer of this coin is what we call in the industry, the whale. Collectors should buy what they like and collectors make the best investors because of that reason so if someone were to buy it just hold onto it for a while and you will be rewarded.

Someone should really post the ANACS form information.  When I sent mine in, I wasn't sure what the "standard" entries were and just named the coins to the best of my ability.

I am planning on having all my coins sent in for grading.  Looking forward to that. I was waiting for blazedout419 to show me how to complete the forms.

But that won't prove anything. What justifies a defect such as this is the general consensus. Anyone out there with a similar defect will have an impossible time proving it unless mike directly confirms it for that particular coin.  Regardless of rank and status on this forum. My defect just happens to be shaped like a heart. Which makes it extremely special and desirable. And it's the real deal. If you think otherwise than get lost. This coin isn't for you. I don't have the time or inclination to deface my coins to artificially inflate their value. And if you think it's that easy and have the time and are willing to risk trashing your valuable coin then go ahead. I like to think most people are sane enough not to do such a thing.

Anyway the posted SMS messages make it clear that random specks of gold may have ended up on the face of some of these coins.  If you believe mine is one of those rare gems, post your bids. Previous bids are 7.1 and 7. But I value the coin more than that as I feel I hit the lottery with this gem. It truly is one of a kind.  Minimum bid for consideration is 10btc.  

I'll have some really neat macro shots in a few days.  I think you'll like them.  It'll be a spectacle! True marketing gold. The crown jewel of casascius error coins. And it ain't tarnished brass!

I imagine myself in your shoes and I would have to ask myself the question - Would it not be best to have ANACS decide this? Surely they can tell if an error is justify.

If they indicate that the heart shape is a minting error, case closed.

I don't find it interesting. I find it incredibly fascinating and delightfully charming. If there's a keeper, this is it.

Also, wouldn't the pursuit of perfection be exponentially troublesome to attain?  Lets cut the bullshit, I'll offer a $2K bounty to anyone that can fake a defect like mine.  I'll put my money where my mouth is.  I'm curious to hear and see how difficult the process is, and if the colors and shape matches.  You can do it on a redeemed coin, and those don't come cheap either. You'll only have one shot to get it right. You'll quickly realize how much effort and risk is involved. Good luck.  


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On another note I had no idea some liquid was involved in the gold plating process.  But it does explain why the heart looks like a watermark.  By that I mean the right side is a little darker and thicker.   Similar to a water spot where the stain is heavier in the region with more water and thinner where it tapers out. It's difficult to see this in the current photos, but when my new camera arrives it may reveal it.

Why don't you just send it in to ANACS and see if they put the "Gold Heart Error" on it after doing, I'm sure, very rigorous research on such coin?

Once this occur, would be very indicative of authenticity in my very humble opinion.

important thing is, is this heart etched right in or will it come off easy like a loose chunk.

I find it very interesting that out of all the possible shapes two drops can make, a perfect looking heart came out. 

Ya, I think Im in this camp as well.

Although this is VERY cool, I couldn't justify paying a high price for this.

Completely agree. It is just too much money to not know for sure. Imagine if it was sold at 7 BTC and then the price of BTC goes to 10k a coin. How would the next guy pitch the sell? This is an extremely difficult situation for buyer and seller as I can imagine.

For the record, I wasn't implying that bitmarket.io was trying to pull a scam.  I was simply stating that it is very possible to add this after the fact and perhaps not as difficult as you might think.  Since that is the case, without Mike saying, "Oh ya, I remember seeing one of those and thinking it was odd." or something along those lines, it cannot be proven.  

I believe it is probably genuine, but this sort of speculation isn't my cup of tea.

I would be doing the same thing, peer review is the only way.

Whats interesting is that Mike did say that other coins have had gold dots end up on other parts of the coins sometimes.

The heart is very oddly shaped, its quite possible like justbtcme said that its two dots, a better side perspective and better colored picture will tell us this.

None the less, this is a rarity.

@Charlie Thanks for posting.  I'm in a tough spot proving this.  Just think, how would you go about it if you were in my position?  I'm more interested in having some proof for myself, not for the sale.

@justbtcme Honestly I am not desperate for money to go through the trouble of faking this and risking my reputation. I'm well off and working on a quality bit-project centered around trust.  My info is public domain.  Not to mention I would only have one shot at faking this correctly or ruin the coin.

@blazedout thx for the support, but you'll never get it that cheap!

super high res pics are on the way!

Yes I thought about this as well.

You are playing devils advocate and I agree with your point. Although someone would have to go through ALOT of trouble to do this. Especially getting almost identical coloring and layering.

If this were anyone else, I'd tend to agree with you, however I know bitmarket.io and he has an extensive collection, I doubt he'd want to ruin his repuation and jepordize future sales.

I think higher resolution photos will give us a better answer.


VERY interesting thought. Looking forward to higher resolution photos, hopefully from different perspectives.


lol I know, its on the charger now. I agree the same about Bitmarket.io, I dont think he would fake this.