What Are Physical Bitcoins Worth?

With extensive experience as an electrical/software/coding engineer along with having a diverse financial background, Thomas Wettermann’s areas of interest include Machine Learning (ML), artificial intelligence (AI), and Financial Technology (FinTech). For the past few years, Thomas Wettermann has focused on the underlying technologies that support and promote all phases of cryptocurrency, Web 3.0, and metaverse ecosystems.

Where Can You Purchase Physical Bitcoins?

Due to US regulatory efforts, you can no longer purchase preloaded physical Bitcoins directly from suppliers. However, some of these coins are still available on secondary markets, such as eBay, other eCommerce websites, and sometimes coin auction sites.

What Are Physical Bitcoins Worth?

A particular physical Bitcoin's value depends on whether the coin has already been peeled. If you can verify that the coin still contains some Bitcoin that has not yet been redeemed, then the coin is worth at least the value of the preloaded Bitcoin. In certain circumstances, such an unredeemed coin can be worth more than the face value Bitcoin amount.

For example, a 25 BTC Casascius coin recently sold for $1.7 million, even though 25 BTC was worth just $1.2 million at the time the auction closed. So, this unredeemed coin sold for $500 thousand more than its face value at the time.

Alternatively, if a particular physical Bitcoin has already been redeemed, it could still be worth something since such physical Bitcoins may still be of interest to Bitcoin collectors based on their scarcity and collectability. For example, an original unloaded 1 BTC Casascius physical Bitcoin is currently being offered for sale on eBay for $1,950.

All opinions expressed on this site are owned by Thomas Wettermann and should never be considered as advice in any form. Thomas Wettermann is not an independent financial advisor.

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as a general market commentary of Thomas Wettermann and does not constitute investment advice. Thomas Wettermann will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

Trading digital financial assets such as cryptocurrencies can carry a high level of risk, and may not be suitable for all investors. Before deciding to invest, purchase, and/or trade cryptocurrency you should carefully consider your investment objectives, experience level, adversity to risk, and volatilities. The possibility exists that you may sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from a qualified and independent financial advisor.

All the views expressed on this site are those of Thomas Wettermann and do not represent the opinions of any entity with which Thomas Wettermann has been, is currently, or will be affiliated.