August 2024 Global Showcase Auction – 12 - 23 August 2024
Ancient and World Coins and Currency
Part B: Mo, 12.08.2024, from 6:00 PM CEST
Part C: Mo, 12.08.2024, from 10:00 PM CEST
Part 1: Tu, 13.08.2024, from 1:00 AM CEST
Part 2: Tu, 13.08.2024, from 6:00 PM CEST
Part 3: Tu, 13.08.2024, from 10:00 PM CEST
Part D: We, 14.08.2024, from 6:00 PM CEST
Part 4: We, 14.08.2024, from 9:00 PM CEST
Part 5: Th, 15.08.2024, from 5:00 PM CEST
Part E: Fr, 16.08.2024, from 5:00 PM CEST
Part 6: Fr, 16.08.2024, from 9:00 PM CEST
Part 7: Sa, 17.08.2024, from 5:00 PM CEST
Part F: Sa, 17.08.2024, from 6:00 PM CEST
Part 8: Mo, 19.08.2024, from 7:00 PM CEST
Part G: Tu, 20.08.2024, from 6:00 PM CEST
Part 9: Tu, 20.08.2024, from 7:00 PM CEST
Part H: Tu, 20.08.2024, from 8:00 PM CEST
Part 10: We, 21.08.2024, from 6:00 PM CEST
Part I: We, 21.08.2024, from 6:00 PM CEST
Part 11: Th, 22.08.2024, from 6:00 PM CEST
Part J: Th, 22.08.2024, from 6:00 PM CEST
Part K: Fr, 23.08.2024, from 6:00 PM CEST
Part 12: Fr, 23.08.2024, from 6:00 PM CEST
Description
Exciting Redeemed Casascius 5 Bitcoin Rarity
The Sole Finest at PCGS
Redeemed 2012 Casascius "Bitnickel" 5 Bitcoin. Firstbits 1CPMYEcm. Series 1. Nickel Plated Brass. MS-67 (ICG).
Redeemed and non-loaded. An incredibly exciting offering that represents the sole finest graded by PCGS for the type. This piece was initially funded with 5 BTC on June 13, 2012 and was redeemed just over a year later on June 29, 2016. At the time it was redeemed, the 5 BTC face value was equivalent to roughly US$3,400. Today, it would amount to about US$300,000 (July 2024). Notably, this example is housed in a single 2-coin PCGS holder with the coin itself encapsulated at the left and the hologram sticker encapsulated in the right of the holder. This allows for an incredibly intimate inspection of the hologram and the private key that is typically hidden beneath the sticker when installed on the coin A much more common unfunded example sold for $2,400 in our March 2023 sale, which never had any cryptocurrency associated with it. The present redeemed piece offers an immensely more fascinating narrative and greater rarity. It represents an irresistible jewel for advanced specialists. According to researcher Elias Ahonen, the Series 1 Casascius 5 BTC funded coins were released in January 2012 with an issue price of 6 BTC, amounting to around US$33 at the time. Since their debut, nearly 35% of them have been peeled and redeemed.
PCGS# 904957.
PCGS Population: 1; none finer.
Question about this lot?
Bidding
| Price realized | 450 USD |
| Starting price | 1 USD |
| Estimate | 500 USD |
