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Showing 2 of 2 results by osunakyu
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Topic
Board Beginners & Help
Re: How to sell casascius coin as a beginner
by
osunakyu
on 13/01/2021, 01:37:07 UTC
I've seen them fetch between 1.05 and 1.15 but if you gave a longer term offering you might be able to get higher.

If you try to sell to someone in the UK, then you might be able use an actual. Escrow firm or solicitors instead (then you'll be able to rely on the law more strongly).

0.15btc is still £3.5k-ish at the moment, so maybe it's worth it. Although who knows what it'll be weeks from now.
Using an actually registered escrow firm would help my peace of mind too.


Honestly, OP, the premiums are going to probably continue to decline (in BTC terms more than stagnation in fiat terms) and the hassle of selling is nearing its breaking point.
Come to the Collectibles board.
Peeling and redeeming is actually a very viable option at this stage. Avoiding the risk of sale and having peace of mind (selling the now-defunct token as a peeled collectible afterward) is worth a lot to some people.

Thanks, I feel a little bit more comfortable with the idea of peeling and redeeming, just to get it over with and move on. I'll sleep on it though.
I'll check in with the collectables board tomorrow, and listen for more replies here too.

Thank you both for taking the time to help an anon Tongue
Post
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 :)