Rare $108,000 Cascasius token at Stack's today
jmlanzaf
Posts: 34,655 ✭✭✭✭✭
It has $90k in Bitcoin on it. Some really strong results, i thought, for the physical crypto coins. That was true in both the loaded and redeemed lots.
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Says the guy who doesn’t like click bait…
Smitten with DBLCs.
Lol. That's why I posted it the way i did. I'm going to change the title to be more representative, but I thought I'd have some fun first.
I've paid as much as $8,000 for an Andrew Jackson Low #1 Hard Times token.
I wouldn't pay $1,80 for this thing. I'm from the wrong generation for this stuff.
It is related to this so far as I'm concerned.
I don’t get bitcoin. Why pay $108k for $90k ? I haven’t expended many brain cells on bitcoin.
If I paid more attention earlier I might have beat that $6.2 million on a banana taped to a wall.
I agree as long as you’re not the last man standing when the music stops.
Fascinating results for an unremarkable token.
I love exonumia, but I could never collect these widgets. Bitcoin completely escapes me...why this nothing is worth more than some other crypto nothing. I saw the other day that $1000 investment in 2011, and you'd have $1.7 billion right now!
Problem is, I would have sold (smiling) at $1500.
Dont want to derail the thread, though. There is obviously a market for physical bitcoin right now, even worn and battered pieces like the above. (Which is weird because these obviously did not circulate)
Perhaps those collecting are the same lucky people that bought it early. They've got money to spend.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Oy Vey.
It is related, that's the point. Although your notgeld is more related to the redeemed tokens
The $108k bitcoin i originally posted does have an intrinsic value of $98,000+ today.
Bit coin's been flirting with $100k today. The 8% numismatic premium is a lot less than the auction houses vig.
ANA 50 year/Life Member (now "Emeritus")
While true, you don't need to pay a vig to get a bitcoin. The premium is strictly numismatic for the rare token.
Here today, gone tomorrow...Vapor. I'll take gold please, and for $100,000 that's a nice amount of gold too.
It is a rare token. Everyone seems to be ignoring that because they can't get past the crypto part.
I assume you also hate Hard Times tokens because they have no intrinsic value beyond 10 cents worth of copper.
rare. with btc at 98k, it's only 10k rare and i'd rather have some htt
I'm not telling everyone they should want one. But it is an exciting area of exonumia. I have zero interest in Morgan dollars but I don't try to throw them out of numismatics.
Physical bitcoin is very collectible. I am sure more and more physical bitcoins will show up in auctions. If you still have any doubts you can check out vedio game and sport card auction price. It might take some time but get on the train early is the key. By the way I got outbid on all my online high bids in the live bidding. I was thinking since many on this board don’t believe physical bitcoin I don’t have to bid high. I was wrong.
I find some of the Btc tokens attractive in a Star Wars kind of way. I would not know how to price them though, other than the intrinsic Btc value at time of sale. I don't, however, begrudge others for choosing to collect them.
It doesn’t hurt to try to keep an open mind, folks!
I don’t like the look of Morgan dollars but I don’t bag others for choosing to collect them.
"Look up, old boy, and see what you get." -William Bonney.
Agree. 💯
It's interesting that you bring up "Star Wars". NCLT is another area that a lot of people bag on, especially if it is non-US. There's room for everyone, if we stop being so judgmental.
It's funny because when these were made, the value of an ounce of gold was around $1800. And 1 BTC ranged between $0.40 and $30.
ANA 50 year/Life Member (now "Emeritus")
Remember when beanie babies were "worth" thousands of dollars?
At least you can still cuddle with them.
Let's check back on these rare collectibles 5 years from now, shall we?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
That’s what people said about Bitcoin 5, 10, and 15 years ago.
That logic can also be applied to any coin with numismatic value. There’s nothing inherent about any coin that makes it worth $10,000 or $100,000 or $1,000,000. Coins and Bitcoin are both worth what they are worth because people are willing to pay that much for them. And the market for bitcoin is larger than the market for coins.
The cryptocurrency is one thing, this physical bitcoin is quite another. It looks like an arcade token, yet someone paid an almost 20,000 dollar premium?
I can't imagine that any of these things hold onto their value in the future, but collect what you like.
The value placed on US coins and related Americana has a proven track record of growth. Gimmicks, not so much. But only time will tell
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Well, 1BTC is down $1,109.87 today as of a few seconds ago. If you read the auction, they were going to set reserves based on the price of BTC that morning.
The unfunded coins show the numismatic premium
ANA 50 year/Life Member (now "Emeritus")
They both show the numismatic premium. I mean, you can redeem the BTC and you will have an unfunded coin. The more interesting question is whether the funded coin has a higher premium because it is funded. Most of these were redeemed in the first run up alnost a decade ago.