Post
Topic
Board Collectibles
Re: 1BTC Casascius bitcoin sells for $7100
by
pearlmen
on 06/06/2017, 17:55:13 UTC
http://bitcoinwhoswho.com/blog/2017/06/06/1btc-casascius-bitcoin-sells-for-usd7100/

A mint 2011 series 1 Casascius physical bitcoin sold for USD $7,100 on eBay yesterday.

First series Casascius coins are highly sought after by collectors.

During the last bitcoin price spike in 2013 (to $1250) many changed hands on eBay for about ~USD$3,000.

Yesterday's transaction represents a ~250% premium over current prices.

I believe its because the type of metal is a valuable one which makes it much more valuable than its face value which I dont have any issue against in which the same thing would go for if some one could have a raw gold 1btc. For me personally I dont see any prudency in buying such commodity as the case maybe where I would pay more than enough for the face value.