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Topic
Board Beginners & Help
Topic OP
How to sell casascius coin as a beginner
by
osunakyu
on 12/01/2021, 23:54:20 UTC
Hi BitcoinTalk

I am a bitcoin noob who happens to have an unpeeled Series 1 Casascius coin with the spelling error hologram, and I'm looking to sell it for slightly more BTC than face value (Someone on Reddit told me it may be worth 1.3btc).

I am completely paranoid and more than a little lost in this new scene, so I'm asking for help.


Here's what I know:
  • my Casascius was loaded in 2011 and is untouched since
  • I need a UK-based escrow for the exchange
  • peel value includes some forks like bitcoin cash in addition to btc

And what I'd like to learn here:
  • How do I make contact with an Escrow, and who to trust?
  • How do I prove my own trustworthiness and coin legitimacy
  • How do physical hand-offs work in Corona-time?
  • How long should I expect it to take?
  • What scams should I look out for as a noob?

Am I jumping the gun thinking about a physical sale with so little bitcoin knowledge/experience?
I find this all so overwhelming that trying to learn about it is anxiety-inducing.
Should I even be considering selling at this stage?


My plan was to sell for whatever premium the relic fetches, and then cash out up to my tax-free allowance to pay off some debts. Obviously, I want to cash out at a high btc-gbp value so I keep as much btc as possible, and maybe buy back if it crashes badly like in '18. If btc is on a 2017/2018 trend-line though, maybe the +0.3 will be wiped out by the time sale is finalised. Am I being silly even considering this?


Sorry if this reads like a mad ramble - I'm in way over my head here.
Thanks for reading :)