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Casascius coins - opinions on future view.
by
psyberkat1100
on 16/03/2024, 07:52:57 UTC
Hi All,
   Many years back I was part of a groupbuy on reddit whereas we brought some Casascius coins direct from the original site. Now BTC has significantly risen i have thoughts on selling the coin. Having a coin of this value - in any location - feels like a too big risk to me, esp with how much its worth. I'm curious on knowing some opinions and views on the following.

1 - Looking towards future view - bitcoin's price goes up, so if i sell it now and than in 12 months the price rises again, than offers might be less due to btc had risen. Does anyone think there is anypoint whereas it would be worth holding the coin?. I can only see with time it being worth ""less" in btc so its making me have thoughts of selling it and soon before more rises happen.

2 - if you have one - where do you safely store it? do you show friends?

3 - Grading - Ive looked into PCGS grading, I live in Australia, so it would need to be posted. bitcoin is currently $105,000 AUD, so shipping insurance quotes so far have been 5%, which is more than 5K. is it worth me going through a few months grading process to sell?. i suspect if i can take some good enough pictures i can sell it without having it graded.

4 - Sale - If i do decide to sell - how is insurance handled?, I suspect this would be costly. Doing a bit of looking on this forum it looks like minerjones would be the one to contact for escrow, but i honestly would feel better trading the coin in person (with escrow to would be fine). Is there any Places in Australia whereas i can sell this safely? I've called many "coin" Traders and they are all old and say "we dont deal with cryptocurrency".

Also im unsure if this is the correct location to post, wasnt sure the best place.