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Casascius Bitcoin raises $ 1.69 million in GreatCollections action

The “Baby Cas,” a 25 BTC physical coin issued by Casascius in 2011, fetched $ 1,698,750 at GreatCollections on Sunday after receiving over 100 bids. Total sales in a single day of auction exceeded $ 5.25 million.

This gold-plated Casascius 25 Bitcoin, graded PCGS MS-67, fetched $ 1.69 million in a GreatCollections auction. (Photos courtesy of GreatCollections.)

The physical Bitcoin, which was rated MS-67 by PCGS, drew the attention of over 200 bidders who were actively following the auction with over 10,000 page views. The final price represented a premium of $ 49,700 over the price of Bitcoin at the time the offer ended.

The 25 Bitcoin “Baby Cas” was rated by PCGS along with the holy grail of physical crypto coins – the “Gold Cas”, a 1 oz. Gold Casascius coin with 1000 Bitcoin or BTC. The current value of the “Gold Cas” exceeds $ 60 million and is by far the most valuable coin in the world, although it was only issued by a private company 10 years ago.

Casascius, the company founded by Mike Caldwell, issued physical bitcoins in various denominations from 0.1 BTC to 1000 BTC (the “Gold Cas”) from 2011 to 2013. Over 800 of the 25 BTC coins have been produced and less than half of those remain unredeemed.

Ian Russell, President of GreatCollections, said, “As expected, there has been significant bidding interest in the most important physical bitcoin to ever appear in auction. We had new bidders from 14 countries specially registered for the Bitcoin auction, not to mention interest from the traditional numismatic community. “

It was the second highest coin auctioned by GreatCollections that year. The finest 1893-S Morgan Silver Dollar fetched $ 2,024,024 in August – an all-time world record for a Morgan dollar. Also in August, GreatCollections reported winning three of the most valuable U.S. coins ever auctioned for over $ 21 million – the best 1804 silver dollar, the best 1794 silver dollar, and the best of two known 1861 Paquet Gold Double Eagles.

Total sales for Sunday auction night exceeded $ 5.25 million with over 3,000 certified coins and paper money sold. Other important findings are:

From the Carson City Double Eagles’ Monet Collection
1885-CC Liberty Gold Double Eagle PCGS MS-61 sold for $ 59,063 (36 bids)
1889-CC Liberty Gold Double Eagle PCGS MS-63 sold for $ 73,749 (36 bids)

From the Semper Fi collection of Walking Liberty Half Dollars
1921-D Walking Liberty Half Dollar PCGS MS-65 + CAC sold for $ 64,812 (28 bids)
1921-S Walking Liberty Half Dollar PCGS MS-65 CAC (The Dakota Collection) sold for $ 165,938 (33 bids)
1939 Walking Liberty Half Dollar PCGS MS-68 + CAC (tinted) sold for $ 47,250 (32 bids)

Other highlights from GreatCollections November 14, 2021 auctions
1937-D Buffalo Nickel 3 Legged PCGS MS-66 (Tinted) sold for $ 43,862 (43 bids)
1917 Standing Liberty Quarter Type 1 PCGS MS-67 + FH sold for $ 23,176 (91 bids)
1959 Franklin Half Dollar NGC Proof-68 UC sold for $ 23,737 (42 bids)
1880 Morgan Silver Dollar VAM-7 8/7 Crossbar Top 100 PCGS MS-63 sold for $ 21,676 (16 bids)
1885 Morgan Silver Dollar PCGS MS-68 CAC sold for $ 35,443 (57 bids)
1895 Morgan Silver Dollar PCGS Proof-64 sold for $ 77,625 (23 bids)
1889 three dollar gold piece NGC MS-66 CAC sold for $ 25,891 (42 bids)
1907 Saint-Gaudens Gold Double Eagle MCMVII. High relief, Wire Edge PCGS MS-65 sold for $ 42,474 (24 bids)
1995-W $ 1 Silver Eagle NGC Proof-70 UC sold for $ 16,031 (24 bids)

About GreatCollections

GreatCollections is a certified coin and banknote auction house that handles transactions from start to finish. Since its inception in 2010, GreatCollections has successfully auctioned over 950,000 certified coins, making it one of the leading certified coin companies in the United States. Ian Russell, Owner / President of GreatCollections, is a member of the prestigious Professional Numismatists Guild and a member of the National Auctioneers Association. For more information about GreatCollections, visit www.greatcollections.com or call 800-442-6467.

Article Source : https://www.coinnews.net/2021/11/18/casascius-bitcoin-realizes-1-69-million-in-greatcollections-action/

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