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<p>[QUOTE=&quot;newdude12345, post: 25548506, member: 149552&quot;]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&#039;s ok. </p><p><br /></p><p>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</p><p><br /></p><p>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.&nbsp; The advertisement they have of previous sold bitcoin prices *INCLUDE* the 20% fee they charge, which is quite misleading. </p><p><br /></p><p>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&#039; fault, I understood this risk just not the actual ramifications </p><p><br /></p><p>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.&nbsp; When I asked, i was told a bidder &quot;missed&quot; bidding on it and reached out after the auction to buy it....</p><p><br /></p><p>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 &amp; bowers pocketing their 20% fees (which are in 5 figures $).&nbsp; To be clear i am not accusing stacks bowers of any wrong doing, only in my opinion, it&#039;s not worth it to use such auction service to sell your high value physical bitcoins then waiting 3 months to get the money.&nbsp; </p><p><br /></p><p>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.&nbsp; 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.&nbsp; As long as you ship properly using next day, signature, insurance, photos, etc.. the risk profile isn&#039;t much worse. </p><p><br /></p><p>Sorry for the long winded post, hopefully it helps someone in the same boat.[/QUOTE]</p><p><br /></p>

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