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6 years ago in #physical by nathansenn (49)
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Casascius physical fully loaded bitcoin of 2011 is the valuable coin. It’s because it was the first physical representation of a bitcoin. I believe it is also the origin of the bitcoin symbol. So far there has never been one in auction. Ebay bans the fully loaded ones. There is rarely a Casascius auction in the bitcoin forums but these are unreliable due to untrusted counter-parties, shills and scammers.
It will be interesting to see what a physical fully loaded casacius makes in auction at Sothebys or Christies.
There were only 11’000 issued before he got shut down by the financial crimses division for “printing currency”. Many of those 11’000 have had the hologram peeled to access the value of the bitcoin and forks, so the numismatic value has been destroyed.
Only an un-peeeled fully loaded Casascius bitcoin is desired by the true collectors and museums.
The value is bitcoin price + forks + numismatic value.
Any guesses as to a public auction price will be well received.
I've seen a lot for sell on ebay not sure if they got taken down before the sell i only purchased unloaded coins on ebay. There are some listed on ebay now i wonder if they changed their policy i know paypal still has a no crypto policy
Yes you can buy an unloaded Casascius coin on EBay with no problem. It's not the same as a fully loaded one. Unloaded is like buying the frame where Leonardo da vinci once hung "El Mundi". It's worth a lot less without the painting.
I'm not sure I have ever seen a fully loaded 1 BTC coin on EBay, even if some were reportedly advertised there in the past. I suppose they were taken down as I can find any trace of a sale. Someone said that $100k might be the price. I wonder why anyone would sell a bitcoin now for that when everyone thinks it will soon be a cool million.
Here are a few that have been listed on ebay for a few weeks they may be selling this to buy more non physical bitcoin.
https://www.ebay.com/itm/Unredeemed-2011-Version-1-Casascius-1BTC-Physical-Bitcoin-with-Hologram-error/292373710063?hash=item4412d4c4ef:g:G3EAAOSwXY5ZRvsR
https://www.ebay.com/itm/2013-Casascius-1-0-Bitcoin-ANACS-MS64-137tQ7gP/263378194014?hash=item3d52904e5e:g:SdYAAOSwQcJaLDmh
https://www.ebay.com/itm/2013-CASASCIUS-Silver-Bitcoin-Set-1-0BTC-x2-0-5BTC-0-1BTC-All-ANACS-MS69/202133684799?hash=item2f101b423f:g:zGcAAOSw2b9ZkMW3
@nathansenn . Wow! $245'000 for a Casascius bitcoin. I wonder if it will sell at that price? The trouble with buying and selling on eBay is reputation and Trust. It's all very well if you buy or sell an ordinary item, but trusting such a valuable item to arrive safely by Federal express? What's your recourse if the parcel arrives but the coin is not there?
I wouldn't trust it.
That's a lot of $ for one coin. :)
Yes it would be very high risk using any shipping service. Any purchase that large should be done in person with a 3rd party verification and have the items insured transported and stored correctly. This not your average consumers items.
With the rise in ride sharing services and the seemingly growing trust between peers, it would be a good idea to start a business in which errands could be ran and compensated thru virtual currency coded into the app that provides the services, right?
There are also 2011 Casascuis error coins i think there are some posted on ebay for $100k
so interesting. I didnt even know physical crypto was a thing
I guess one of the main point of the cryptocurrency is being non-physical money. Because world is getting away from materials (Architects used to draw on papers now they do on softwares, or developments on virtual reality..)
I can't see physical coins will be a huge thing. I think people just dont want to carry physical money anymore
Yes they are mostly just a collectors items doubt you would see these being heavily used although i have seen large exchanges take place using physical crypto.
Correct. I pay for everything with my watch. If their machine won't take it I cancel the order and go elsewhere. People don't want physical cash. I have none. - Ever.
Well that is a good approach which I had it too in my life, but then one day I went to a food truck and I was so hungry. They told me they only accept cash :(
And I was like nooooo
Then I learned that I should carry at least 20 dollar with me all the time.
more interested in physical coins..
this world in future will be introduced in Physical coin.
This will be life changing coinss.
I don't think the world will move from electronic money to metals. That would be quite innovative, although I believe our ancestors used to carry around metal coins.
I just have one bitcoin collector coin :) Doesn't have any value but I like it ( Actually bought it from e-bay for $2 )
Yes thats what got me interested in collecting was coins i found on ebay
Have you seen any coins from community currencies from around the World? I'd be interested in adding them to my collection, but I have a feeling that they are mainly in paper or digital form.
Very interesting, but this makes me wonder: "..product which enables the buyer to provide the producer with a password protected private key..."
That doesn't seem ideal to me. Every person it passes through will know the private keys. Would you get it, transfer the amount to a new wallet and then just keep the physical coin as a memento? I mean, they do look beautiful. :)
The private keys are protected by a tamper proof hologram on the back. The coins are value is more as a collectors item. The private keys that store your bitcoin are only as safe as the person who loaded them is honest. There have been some coins that had the bitcoin stolen off them by the creators i will cover that in up coming blog posts.
I look forward to reading more. Thank you.
Great post these are really cool coins!
Physical bitcoins really good idea to bring the crypto in to tredetional trading
Because, most of business in growing country like India, they never use the online transactions.
If they got the physical coins like Bitcoin, that really helps.
Most are more a collectors item we'll see how its used down the road.
So surprised to see that ... especially the second image that you share looks amazing ... but i dont quite understand what is the difference between real coin and that ?
Beautiful coins. Real collectors items.
Those are some really cool coins my man. . Don't have much else to say other than that. :) Thanks for sharing. :)
Yes i think they are pretty cool will be making a new post with more info about these soon.
Such a cool post!! I had no idea there were so many physical coins out there! I am excited to find out more about them and each coin's value!
What man.
Does it really exists?
It's pretty new to me.
This is suppeerrrrr cool.
Yes is a real physical coin!