10 Bitcoin - 2012 1oz Silver Coin

[TheGoldSovereign]

So, i was going through some old photos and found these pics, i forget i have this for at year or two at a time. The picture is really awful so excuse that!

With only 418 minted this will surely be a historic piece in years to come , currently sitting at approx. $60,000!

 

10 BTC silver round

• First available on Dec 1, 2011
• 39mm diameter
• 1 troy ounce .999 Fine Silver
• Uses second series holograms marked TEN BTC
• Comes in a clear plastic capsule
• Zeroes and ones on the back encode the message "Bitcoin: an idea too big to fail"

 

[ifing]

Legal tender?

[TheGoldSovereign]

2 minutes ago, seXes said:

Legal tender?

Legal tender of the internet

 

[Markh]

I also have a physical bitcoin

The Adam Smith.. 2 bitcoin... 2oz silver (600 minted)

Nice coin to look at.

I purchased it for £500 a number of years ago because I kept getting my alt coins stolen. So I looked into a safe alternative. Back  then the only real safe way to store your coins was paper cold storage wallet or cold storage on a memory stick or offline device as I wasn't tech savvy these options didn't appeal so I researched physical coin storage believing thins was the way to go....... Guess what??

Some one at Alitin Mint stole the private keys to a number of the Adam Smith physical bitcoins, mine was one of them.

Now I use a ledger nano s ( we'll see how this goes)

Morale of story third party trust is very expensive.

Still a nice coin though. 

And quite valuable but not in the above league.(yet)

Some one on eBay a year ago was selling his 1 bitcoin casascious coin for 1200 ish I bid on it, he didn't know the real value of it was until someone informed him then he withdrew it. I was gutted.

 

 

 

[TheGoldSovereign]

Yes I'm fully aware of the risk of keeping it funded, but it went from 10k to 60k since the last time it thought about it!

These casascius coins did use to sell for crazy amounts of money, but the more bitcoin gains in value the less premium they will attract. I mean who has 60k to buy this off me now?

It really will be a historic coin being the first physical bitcoin (manufacturer) so I have no interest in selling or profiting from it, I think it cost me like 70bitcoin when I bought it! So the chance of profiting is 0 anyway

 

[Markh]

4 hours ago, sg86 said:

It really will be a historic coin being the first physical bitcoin (manufacturer) so I have no interest in selling or profiting from it, I think it cost me like 70bitcoin when I bought it! So the chance of profiting is 0 anyway

Yes a good purchase you have there.

I too believe there will be a collector's market for these physical coins