Stack's Bowers Galleries

November 2023 US CCO Auction  –  20 - 21 November 2023

Stack's Bowers Galleries, November 2023 US CCO Auction

Internet Sessions: U.S. Coins and Currency

Part 9: Mo, 20.11.2023, from 6:00 PM CET
Part 10: Mo, 20.11.2023, from 7:00 PM CET
Part 11: Tu, 21.11.2023, from 6:00 PM CET
Part 12: Tu, 21.11.2023, from 6:00 PM CET
The auction is closed.

Description

Unfunded 2022 Rarity Check "Lost Coin" 0.01 Bitcoin. Silver. MS-69 PL (ICG).

Unfunded and non-loaded. The present unfunded example was struck on a 24 gram planchet of .999 fine silver and only 100 examples were produced. It also marks the first appearance of this type in one of our sales. The Lost Coin series was announced by Rarity Check on the BitcoinTalk.org forum in August 2023. This series takes inspiration from the quote by Bitcoin creator Satoshi Nakamoto relating to lost private keys. Satoshi remarked that "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone." A version of this quote is featured at the top of the obverse on all varieties. Only 21 million Bitcoin will ever be released, but some estimates suggest that as much as 6 million Bitcoin, about 28%, have already been lost and are inaccessible. The creators of the Rarity Check series took an innovative and bold approach to this concept by engineering a hole at the center of each coin to commemorate these lost Bitcoins. On the reverse is the Latin phrase "Pecunta Est Fiducia In Systematics" which translates to "Money is Trust in the System". This coin is also accompanied by the original Certificate of Authenticity from Rarity Check listing the coin information.

PCGS# 893970.

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Bidding

Price realized 120 USD
Starting price 1 USD
Estimate 300 USD
The auction is closed.
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