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RE: Physical Bitcoins

in #physical7 years ago

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.

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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.

@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.

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