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This PCGS coin sold on GC in 2021 has lost over $1,000,000 in value since sold.

gtstanggtstang Posts: 1,708 ✭✭✭✭✭
edited September 7, 2022 10:02AM in U.S. Coin Forum

Suppose it's ok to post since it is a PCGS holdered coin. It obviously has no value listed by PCGS.
https://www.greatcollections.com/Coin/1053185/2011-25-BTC-Casascius-Bitcoin-Gold-Plated-Coin-PCGS-MS-67

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    gtstanggtstang Posts: 1,708 ✭✭✭✭✭

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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    edited September 7, 2022 10:12AM

    i have thought of and looked at a few similar items (various denoms) and thought the same about how much value has been "lost" since sold in past 24 or so months.

    fwiw, i have very loosely read/heard about bitcoin for the past idk, 10+ years (not sure when it was created) and i remember reading/hearing about its VEEERRRYYY tumultuous ride up and down, rejection and acceptance and generally speaking, seems to be like everything else, a decent long-term investment, where one has to have good timing or hold and sell when they should, not when they want or have to.

    most of crypto hasn't seen a long history like bitcoin and some others have and this is just most likely the current major dip in a long line of ups n downs. kinda sings when it goes this low but another peak will come, even if several years away.

    although, time and events are NOT the same each time there is an up n down. so predicting what and when it an art and science unto itself.

    my 2c.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    TomthemailcarrierTomthemailcarrier Posts: 638 ✭✭✭✭✭

    Good. I’m not a fan of crypto myself. It requires massive electricity generation to produce it. See the linked article below.
    https://wapo.st/3cUuPWo

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    Mike59Mike59 Posts: 307 ✭✭✭

    Glad i only invest in Gold, Silver and stocks.

    MIKE B.

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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    edited September 7, 2022 3:08PM

    @Tomthemailcarrier said:
    Good. I’m not a fan of crypto myself. It requires massive electricity generation to produce it. See the linked article below.
    https://wapo.st/3cUuPWo

    What about Gold, it takes massive amounts of fuel use to produce, oh wait this coin is crypto and gold oh my :o>:)

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    BryceMBryceM Posts: 11,756 ✭✭✭✭✭

    It always seemed a bit ironic to produce physical tulip bulbs...... er... cryptocurrency. Doesn't that defeat the purpose?

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    gumby1234gumby1234 Posts: 5,451 ✭✭✭✭✭

    What ever happened to the 1000 bitcoin that was valued at 48 Million last Oct?

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @gumby1234 said:
    What ever happened to the 1000 bitcoin that was valued at 48 Million last Oct?

    .
    iirc, the owner stated they were not selling, not even BTC at $60k.

    don't know if anything changed from there but i gotta believe if it were sold, publicly, that someone here would've heard about it.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    gumby1234gumby1234 Posts: 5,451 ✭✭✭✭✭

    @LanceNewmanOCC Hopefully the owner sold it. Otherwise how many millions did thst drop in value?

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

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    LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    edited September 7, 2022 12:09PM

    @gumby1234 said:
    Hopefully the owner sold it. Otherwise how many millions did thst drop in value?

    .
    here is the THREAD about it.

    fwiw, depending on when the bought in, only thing that was probably lost, was equity.

    although, if sold at the peak and bought in any time recently......

    edited to add: BTC is around $19k right now. so it is roughly 1/3 what it was at $60k but it was on a heck of a tear so it is probably back around what it was at the beginning of the pandemic. give or take.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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    jesbrokenjesbroken Posts: 9,456 ✭✭✭✭✭

    It's like most investment analysis, the more informed or knowledgeable you are about the subject, the more likely you are to succeed. Bitcoin has always been over my head as to investment opportunities.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
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    JMoo100JMoo100 Posts: 112 ✭✭

    The coin being gold-plated is a funny twist :-)

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    jmlanzafjmlanzaf Posts: 32,373 ✭✭✭✭✭

    @Tomthemailcarrier said:
    Good. I’m not a fan of crypto myself. It requires massive electricity generation to produce it. See the linked article below.
    https://wapo.st/3cUuPWo

    Your info is a bit dated. September 15th is the Ethereum merge. Proof of stake rather than proof of work. No more electricity than your Visa card.

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    DelawareDoonsDelawareDoons Posts: 3,305 ✭✭✭✭✭

    @jmlanzaf said:

    @Tomthemailcarrier said:
    Good. I’m not a fan of crypto myself. It requires massive electricity generation to produce it. See the linked article below.
    https://wapo.st/3cUuPWo

    Your info is a bit dated. September 15th is the Ethereum merge. Proof of stake rather than proof of work. No more electricity than your Visa card.

    Bitcoin though will always be PoW.

    And other PoW cryptos will rise. PoW is the most true to the spirit of crypto, true decentralization.

    Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."

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    jmlanzafjmlanzaf Posts: 32,373 ✭✭✭✭✭

    @DelawareDoons said:

    @jmlanzaf said:

    @Tomthemailcarrier said:
    Good. I’m not a fan of crypto myself. It requires massive electricity generation to produce it. See the linked article below.
    https://wapo.st/3cUuPWo

    Your info is a bit dated. September 15th is the Ethereum merge. Proof of stake rather than proof of work. No more electricity than your Visa card.

    Bitcoin though will always be PoW.

    And other PoW cryptos will rise. PoW is the most true to the spirit of crypto, true decentralization.

    Yes, there is some truth in that [the spirit]. However it just isn't scalable or cost effective with rising energy prices. I shudder to think of how much energy would be required if all transactions switched to bitcoin.

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    ElKevvoElKevvo Posts: 4,072 ✭✭✭✭✭

    China has cracked down on mining quite a bit but here is a link to a video of a Chinese mining factory from a few years ago, Please note that there will most likely be an ad at in front of the video. It is interesting and you can see there is nothing overly technical or tricky about it, it is just a brute force process that uses a huge amount of electricity.

    https://video.vice.com/en_us/video/life-inside-a-chinese-bitcoin-mine/55b910f39820ecc47f68c306

    K

    ANA LM
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    ianrussellianrussell Posts: 2,460 ✭✭✭✭✭

    Although the 25 BTC Casascius Physical Bitcoin dropped a lot since November, over the past 3, 5 or 10 years, it probably still increased in value more than any rare coin. I don't know the original issue price of the 25 BTC, but I think it was significantly under $500.

    • Ian
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
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    orevilleoreville Posts: 11,795 ✭✭✭✭✭

    Not a coin.

    A Collectors Universe poster since 1997!
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    EstilEstil Posts: 6,927 ✭✭✭✭

    To paraphrase that Blame Canada song, it's not even a real coin anyway!

    WISHLIST
    Dimes: 54S, 53P, 50P, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
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    batumibatumi Posts: 799 ✭✭✭✭

    Imo cryptos are like the proverbial hot potato, and I prefer to keep a distance from them.

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    I have looked into Bitcoin... back when it became super popular. I chose to remain at a distance... and not invest. I am content with that decision. That is a neat 'coin' though. Cheers, RickO

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    ByersByers Posts: 1,528 ✭✭✭✭✭

    Maybe it needed the CAC sticker😳

    mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.
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    ianrussellianrussell Posts: 2,460 ✭✭✭✭✭

    @Byers said:
    Maybe it needed the CAC sticker😳

    Watch out Mike. There are some pretty popular error Casascius physical bitcoins.

    • Ian
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
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    ByersByers Posts: 1,528 ✭✭✭✭✭

    @Ian

    Yes!

    mikebyers.com Dealer in Major Mint Errors, Die Trials & Patterns - Author of NLG Best World Coin Book World's Greatest Mint Errors - Publisher & Editor of minterrornews.com.

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