Whereas bitcoin continues to turn into extra scarce each day, the most well-liked set of bodily bitcoins, crafted by Mike Caldwell from 2011 to 2013, have turn into far scarcer than their digital counterparts. As of September 18, 2021, there at the moment are lower than 20,000 lively bitcoins from the Casascius bodily bitcoin assortment.
Casascius Bodily Bitcoin Assortment Grows Scarcer
Bitcoin has turn into a widely known expertise and within the early years quite a lot of individuals and corporations deployed ideas referred to as “bodily bitcoins.” Primarily, a gaggle or particular person would fabricate a coin with the bitcoin image etched on it and the coin would additionally maintain digital BTC hidden throughout the coin’s physique.
It’s secure to say that the Casascius bodily bitcoin assortment created by Mike Caldwell is the most well-liked assortment thus far, and these uncommon bodily bitcoins are offered for rather more than the face worth of the digital bitcoin they maintain.
Casascius bitcoins sport a holographic tamper-resistant sticker on one aspect of the coin, and if the sticker is peeled, the digital bitcoin’s non-public secret is revealed. Caldwell crafted each cash and bars that held loaded bitcoin (BTC) and created sequence 1 (1-1,000 BTC), sequence 2 (0.5-500 BTC + the DIY Storage Bars), and sequence 3 (0.5-1 BTC).
Sadly, the U.S. authorities compelled Caldwell to cease minting Casascius bitcoins with loaded BTC on them. By the top of Caldwell’s tenure making these cash, he managed to mint round 27,920 Casascius bitcoins with numerous increments of loaded BTC. Through the years house owners have redeemed the loaded worth held on these Casascius bitcoins in a course of referred to as a “peel.”
On December 23, 2019, Bitcoin.com Information reported on a 100 BTC gold bar that was peeled or redeemed. This implies the digital BTC worth was spent by the proprietor and the bodily bar is empty with zero digital worth left. Ten years after the primary Casascius bitcoins had been minted, there’s below 20K left which are lively with loaded BTC.
19,920 Casascius Bodily Bitcoins Left to Peel
In response to statistics from casasciustracker.com, on September 18, 2021, there’s roughly 19.92K lively Casascius bitcoins ready to be peeled. Thus far 8,009 cash or bars have been redeemed over the past ten years and there’s roughly 43K BTC left unpeeled value over $2 billion.
48,169 BTC value $2.3 billion has been spent by the peel course of. Moreover, there are some fortunate house owners who nonetheless have but to peel 1,000 BTC bars or cash value $48 million utilizing right now’s trade charges. As an illustration, out of the six 1,000 BTC Sequence 1 Casascius bitcoins, solely 2 have been redeemed to date.
In that very same sequence, Caldwell minted 16 1,000 BTC bars and to date 87.50% or 14 bars have been redeemed. There have been 81 Sequence 2 100 BTC cash (value $4.8M every) minted by Caldwell and thus far 47 cash or 58.02% of the BTC has been redeemed from that minted set.
Right now, the Casascius bodily bitcoin assortment has gathered vital numismatic worth and the cash and bars are thought of coveted bitcoiner collectibles. Even peeled Casascius bitcoins nonetheless maintain worth and a few of them are being offered for $1,999 (for a 2012 piece). A loaded silver Casascius bodily bitcoin with 0.1 BTC ($4,834) from 2013 is promoting for $20,000 right now. A uncommon unloaded set of 125 Casascius bodily bitcoins fabricated from aluminum is promoting for $4,995.
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