Additional terms and conditions apply, and bidders are required to contact Stack's Bowers Galleries before the sale with any questions relating. Bitcoins and Physical Cryptocurrency Featured in the Stack's Bowers The June sale features the popular Casascius, Lealana, Satori. I'm talking about a 'magic beans' type transaction. Fun fact for all you BTC enthusiasts - there actually HAVE been physical Bitcoin at various times in the. DR BETTINGER KEENE NH NEWSPAPER

The selection of Casascius coins is highlighted by a 1 Bitcoin and a 0. The Lealana coins are spotlighted by a scarce four-coin set of silver Lealana bitcoins. The coins will be offered individually in consecutive lots, though an advanced collector could potentially acquire all four coins and keep the set intact. Included are a 0. The last is described by specialist Elias Ahonen as "perhaps the most visually interesting" issue from this series.

Each coin is marked with the serial number 24, making it one of the earliest sets issued by Lealana creator Noah Luis, aka "smoothie. The company's year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W.

Caldwell doesn't accept U. You send him bitcoins via the internet, and he sends you back metal coins via the U. Postal Service. To spend bitcoins, you need a secret digital key -- a string of numbers and letters -- and when Caldwell makes the coins, he hides this key behind a tamper-resistant strip. So long as you can keep your Casascius bitcoins safe, nobody can learn the key.

To date, Caldwell has minted nearly 90, bitcoins in various denominations. He thinks the coins should be viewed as collectibles. But, clearly, that's not how the federal government sees things. If he doesn't verify or have a way of knowing whether the owner of the bitcoins is the same person he's sending the coins to, that's a problem, says Faisal Islam, the director of compliance advisory services with Centra Payments Solutions, a company that advises corporations on financial compliance.

In the spring, the Department of Homeland Security seized two bank accounts belonging to Mt. Gox, like Caldwell, hadn't registered itself as a money transmission business. Because he runs a bitcoin-only business, Caldwell says there's no Casascius bank account for authorities to seize. But he adds that he has no desire to anger the feds, whether he agrees with them or not. So he's cranking out his last few orders and talking to his lawyer. He says this may spell the end of Casascius coins.

I haven't come to a final conclusion," he says.

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The tokens come in an air-sealed capsule in which they have been stored in since their receipt from Casascius back in One coin up for sale is worth 0. What are Casascius Bitcoins? The Casascius Bitcoins are legendary tokens that were designed and developed by Bitcoin user Casascius, better known as Mike Caldwell. Caldwell contacted a company to make the tokens, and he inserted a piece of paper with word seed phrase underneath two tamper-resistant hologram stickers on the coin.

These coins were sold until November , with Caldwell being forced to shut up shop after authorities stated that he requires a money transmittance license to operate. Each Casascius Bitcoin is a collectible coin backed by real Bitcoins embedded inside. Each piece has its own Bitcoin address and a redeemable "private key" on the inside, underneath the hologram. Each 1-bitcoin coin is about 1. Perfect as a small gift to introduce someone to Bitcoin.

This is a 39mm 1oz silver round accented with gold electroplating on the rim and on the Bitcoin logo, loaded with one digital bitcoin. Diameters are 30mm and 25mm. Would weigh about 12 ounces if it were solid gold, this is a 4. A neat-looking novelty that looks unmistakably valuable. Available as a pre-loaded BTC bar, as well as a non-denominated savings bar. Two-factor encryption is available at no charge. Bar is 80mm x 40mm x 6mm. How they work: The "private key" is on a card embedded inside the coin and is protected by a tamper-evident hologram.

The hologram leaves behind a honeycomb pattern if it is peeled. If the hologram is intact, the bitcoin is good. If you have purchased a 2-factor item, the private key is encrypted and will need to be decrypted using your original preselected passphrase before you can redeem the funds.

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Casascius Coin Creator Mike Caldwell on making Bitcoin meaningful for the masses

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