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An anacs graded ms65 "bitcoin" sold for $28.7K on the bay

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  • mkman123mkman123 Posts: 6,770 ✭✭✭✭

    disgusting

    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • ZoinsZoins Posts: 21,125 ✭✭✭✭✭
    edited January 13, 2018 5:45PM

    Unfortunately, I missed out on this. I did look for them when BTC was about $1000 couldn't find any for sale.

  • jwittenjwitten Posts: 4,089 ✭✭✭✭✭

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

  • CascadeChrisCascadeChris Posts: 2,495 ✭✭✭✭✭

    Cool!

    The Blind VAMmer
  • joebb21joebb21 Posts: 4,522 ✭✭✭✭✭

    This is funny. I was suggesting this idea to so many people at the FUN show- get the first bitcoin graded ms70 and watch it go to moooooon

    may the fonz be with you...always...
  • jmlanzafjmlanzaf Posts: 11,973 ✭✭✭✭✭

    @mkman123 said:
    disgusting

    No more disgusting than spending $1000 (or $10,000) for a Morgan dollar with $12 worth of silver in it. These are rare medals (non-governmental coins?) which, at this writing has an intrinsic value of $14,000.

  • KollectorKingKollectorKing Posts: 4,790 ✭✭✭✭✭

    @jwitten said:

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

    For $28.7K I'll put it on amzn and appl & be able to sleep better.

  • TLeverageTLeverage Posts: 259 ✭✭✭
    edited January 13, 2018 7:48PM

    Made a brief comment about these Casascius Bitcoins on another thread. They were made in denominations from 0.1 BTC to 1000 BTC ingots (each of the latter being worth around $15 million, though their value can fluctuate a few hundred thousand per day). You can actually track each individual coin via the following site (https://casascius.uberbills.com/).

    The total value of the Bitcoins when Casascius started this promotion was peanuts. Now the total value of the Bitcoins used in the production of these pieces is about $1.3 billion.

  • rickoricko Posts: 72,506 ✭✭✭✭✭

    I am sure some people have made a lot of money in the crypto currency game - and now with the tangible bitcoin - however, I really see this as a major scheme that will, eventually, collapse.... And the losses will leave the majority of players with nothing. I have been wrong many times before. Cheers, RickO

  • TwoSides2aCoinTwoSides2aCoin Posts: 41,093 ✭✭✭✭✭

    I’m not at liberty to think out loud about this non “cents” in a holder. Trend setters lead the masses. What else cane be said ? Value is forever perceived.

  • gripgrip Posts: 9,955 ✭✭✭✭✭

    As they all try to walk gently on...quicksand.:)

  • DCWDCW Posts: 4,336 ✭✭✭✭✭

    When I see nonsense like this I immediately think of all the things I could do with that kind of money.

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • COINS MAKE CENTSCOINS MAKE CENTS Posts: 1,362 ✭✭✭✭✭

    I never knew bit coin was an actual coin I just thought it was something you bought into electronically. I guess I need to pay more attention to the news

    New inventory added daily at Coins Make Cents
    HAPPY COLLECTING


  • jmlanzafjmlanzaf Posts: 11,973 ✭✭✭✭✭

    @COINS MAKE CENTS said:
    I never knew bit coin was an actual coin I just thought it was something you bought into electronically. I guess I need to pay more attention to the news

    bitcoin is electronic. These were created separately and contain a digital key to a digital wallet containing the digital bitcoin.

  • jmlanzafjmlanzaf Posts: 11,973 ✭✭✭✭✭

    @DCW said:
    When I see nonsense like this I immediately think of all the things I could do with that kind of money.

    That's because you aren't thinking of this as a rare coin/medal, which it is.

  • BAJJERFANBAJJERFAN Posts: 30,033 ✭✭✭✭✭

    @jwitten said:

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

    Could you walk into APMEX and buy $13.3K worth of bullion with it?

  • BAJJERFANBAJJERFAN Posts: 30,033 ✭✭✭✭✭

    Is 1.0000000 bitcoin issued some sort of unique serial number which tracks if it's been negotiated/spent or not? Or were those bitcoin coins given unique identifiers?

  • jwittenjwitten Posts: 4,089 ✭✭✭✭✭

    @BAJJERFAN said:

    @jwitten said:

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

    Could you walk into APMEX and buy $13.3K worth of bullion with it?

    Yes, you can. Apmex now accepts bitcoin.

  • KkathylKkathyl Posts: 3,617 ✭✭✭✭✭

    More media buzz. Coin value 1,100 advertising expense 27,600.

  • BAJJERFANBAJJERFAN Posts: 30,033 ✭✭✭✭✭

    @jwitten said:

    @BAJJERFAN said:

    @jwitten said:

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

    Could you walk into APMEX and buy $13.3K worth of bullion with it?

    Yes, you can. Apmex now accepts bitcoin.

    I know that but would they accept that specific coin?

  • ZoinsZoins Posts: 21,125 ✭✭✭✭✭
    edited January 14, 2018 12:54PM

    @BAJJERFAN said:

    @jwitten said:

    @BAJJERFAN said:

    @jwitten said:

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

    Could you walk into APMEX and buy $13.3K worth of bullion with it?

    Yes, you can. Apmex now accepts bitcoin.

    I know that but would they accept that specific coin?

    You can use that coin as a regular bitcoin if you want. Of course, you'll lose the some $15,000 in numismatic premium so it probably wouldn't be the most cost effective way to use that Casascius bitcoin.

  • BAJJERFANBAJJERFAN Posts: 30,033 ✭✭✭✭✭

    @Zoins said:

    @BAJJERFAN said:

    @jwitten said:

    @BAJJERFAN said:

    @jwitten said:

    @mkman123 said:
    disgusting

    Why? Whether or not bitcoin lasts and continues to grow, this is an interesting physical bitcoin, which is both rare and interesting. Might be a solid investment. (MIGHT!, lol)

    Could you walk into APMEX and buy $13.3K worth of bullion with it?

    Yes, you can. Apmex now accepts bitcoin.

    I know that but would they accept that specific coin?

    You can use that coin as a regular bitcoin if you want. Of course, you'll lose the some $15,000 in numismatic premium so it probably wouldn't be the most cost effective way to use that Casascius bitcoin.

    Not yet anyways. I wonder what the value will be if bitcoin falls back to say $500.

    Unless it's as quick and easy to use like PP or a CC it seems to be mostly a PITA. If I went to Best Buy and bought a computer and used bitcoin, I'd want to present it like you would a giftcard.

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