unredeemed physical bitcoin casascius/lealana selling advice - HA/stacks bowers?

Hi guys,

I have a few graded unredeemed physical bitcoin from casascius / lealana that I am trying to sell, valued around 50-100k each. Looking for some advise which auction house i should use that will result in the highest return as I am not familiar with graded coins market.

For comics etc, i always used HA, but from PCGS i came to know stack's bowers who seem to have done the most physical bitcoin auctions.

Which auction house would you recommend for physical bitcoins? or are they all the same. If there is another option i am unaware of, feel free to add it.

Thank you very much

 

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A picture of the graded physical bitcoin might help ( both sides.
Google may have an answer if you can't find one here.
I would suggest you call around to the various auction houses.

 

Sighhhhh....

Show me the money........
Bitcoins are not "graded coins", in the manner you think, , but my question is why not sell these supposed 50-100K each bitcoins on the exchange? This my be a bit not nice, but I call Blarney.

 

Physical Bitcoins are not Bitcoins. They are a token piece generally produced in China.

 

So I had to Google casascius / lealana
And came up with this
https://cryptowallet.com/glossary/c...pend a Casascius, the,.info, to deposit funds.

 

Not redeemable on the exchange in other words?

 

Yep. Exactly. Hence my snarkyness Post. The OP is aware of The Sting.

 

And here I was walking on eggshells as to not offend the newbee
OK well I was just looking to get some more information.
With the random username I was thinking a bot.

 

What part of "...supposed 50-100K each bitcoin.... blahblah. I call Blarney." is confusing?

 

What part? You, of course! dumbass

 

Is there a relationship between Bitcoins and coin collecting?

 

Both have coin but I refer to it as BitCon.
Looking through the window the other direction, the seller can Ask what they want hoping to land another rube.

 

The Chinese have made a catchy looking little token that I am sure they would love for folks to believe is a genuine coin.

This is the one that I have seen.

 

hi guys, didn't mean to start any controversy, i read this thread twice and still dont quite understand what is being said. What I am trying to sell is graded physical bitcoins and trying to figure out what auction house to use. Not sure what this has to do with china etc..

This is one of the coin graded by PCGS: https://www.pcgs.com/valueview/leal...z-999-fine-silver-dcam/229221?sn=892109&h=pop

According to pcgs, it sold once over 100k, then as bitcoin prices dropped, it recently sold for 66kish

Other one is just the 2011 casascius graded by ANACS. If you google 2011 casascius coin, there are plenty photos.

Apologies if i am in the wrong forum, figured those are collectible coins as well.

 

I like the look of those, But at the end of the day it's just a fancy ounce of silver.
Worth whatever a buyer is willing to pay.
The auction house that sold that for 100k would be the first choice to call.

 

@newdude12345 Stacks and Great Collections are the two to choose from. I have seen both offer multiple examples. Stacks has even had dedicated auctions for these. I would contact both and see what kind of response you get (and compare the fees each charges).

Here is a screenshot of one that Great Collections sold

 

Don't you have a coin for sale on CoinTalk, that is priced $10.00 more here than it is priced on CU?
$515 VS. $525? So it seems you have determined the there is more profit selling here, no? Why send the OP to Stacks and Great Collections?

Maybe advise the OP to sell here. His "coin" may not be CAC'd, like your 1892, but what the heck.....$10.00 is $10.00.

 

It’s the charley tax. I have to charge more. But if you use the secret passcode, you might even receive 10 off the CU price.

 

thank you for the info, i didn't know about great collections, will check it out vs stacks.

 

hi in case anyone is in the same boat looking to sell graded physical bitcoins, here is my feedback now that I have gone through the process, given there is very little actual info available online. By some of the previous replies I understand majority will have no idea what I am talking about, that's ok.

I regret very much selling my physical bitcoins with stacks and bowers. The original plan was to sell the rare physical coins and use the proceeds to buy the digital version so I dont have to deal with physical storage of those high value coins as prices go up even more

My physical bitcoins with stacks bowers only sold at its digital intrinsic value (one was a few hundred $ above) before fees - meaning if i just crack the case/peel the coin to get the key and sell the digital version on coinbase i would gotten the same amount of money, actually few thousand $ more as the peeled empty coin is worth few thousand $ on ebay by themselves. The advertisement they have of previous sold bitcoin prices *INCLUDE* the 20% fee they charge, which is quite misleading.

To make matter worse, they do not give you the auction proceeds right away, you have to wait 3 months, so what ended up happening is in those 3 months i cannot use the money from the auction to buy the digital version, and the price went up by almost 100%. To be fair, this is not stack bowers' fault, I understood this risk just not the actual ramifications

There is also some strange stuff going on, during the live auction, no-one bid on one of my coin at all (which i was quite happy about given the terrible auction results), but few days later after the auction ended, it magically showed up as sold at the lowest reserve possible. When I asked, i was told a bidder "missed" bidding on it and reached out after the auction to buy it....

In the end I lost about ~$70k in gains as crypto shot up and I dont have the auction money to buy it, the only winner is stack & bowers pocketing their 20% fees (which are in 5 figures $). To be clear i am not accusing stacks bowers of any wrong doing, only in my opinion, it's not worth it to use such auction service to sell your high value physical bitcoins then waiting 3 months to get the money.

if I had to do it over again, I would just sell it on ebay with a reserve price = the digital intrinsic value of the bitcoin + 11% to cover fees. Their fee is also much lower at ~13% up to $7500 and only 7% after that. And more important, you get the money right away within days of the auction so you can redeploy right away. As long as you ship properly using next day, signature, insurance, photos, etc.. the risk profile isn't much worse.

Sorry for the long winded post, hopefully it helps someone in the same boat.