Someone Redeemed a 100 BTC Casascius Bar Worth Over $700K
In 2011, Mike Caldwell created the notorious Casascius physical bitcoin collection, and since then the series of coins has become extremely valuable. Over the last two months, a bunch of people have redeemed their Casascius coins and on December 23 someone peeled a 100 BTC ($723K) Casascius bar.
Years ago, people made physical bitcoins and there’s been so many manufactured that there’s actually an encyclopedia that covers the subject. These days, however, there’s not as many physical bitcoin manufacturers as government regulations have stifled the industry. There are definitely a few creators still minting loaded
crypto coins, but there’s nowhere near the number of physical coin makers as there was back in the day. Casascius coins are the most popular of all the physical BTC coinage ever created. Unfortunately on November 27, 2013, Caldwell had to suspend sales of all the items he manufactured that contained digital bitcoins. Throughout the Casascius manufacturing period, Caldwell minted coins and bars that contained 1, 10, 25, 100, and 1,000 BTC increments.
It should be noted that Casascius bars and coins were made in 2011, 2012, and 2013. This means all active loaded coins have active Bitcoin
Cash (BCH) as well.
Casascius coins have always been in high demand and many have sold for a premium, well above the amount of BTC held on the metal. For instance, in April 2018, someone created a post on the shiresociety.com forum selling four 2011 Casascius coins for $10K per coin. Each of the coins sold on the website at the time contained a 1 BTC load under the hologram sticker. The price per BTC during the month of April 2018 was around $8k so the seller added a $2K per coin premium. On July 1, 2019, a 2011 mint-condition gold Casascius coin (MS65) that held 1 BTC sold for $99,000 on eBay. In November 2017, a Casascius physical bitcoin with a hologram error was purchased for $50K on the online auction site. In January 2018, another graded MS65 Casascius sold for $28.7K on Ebay.