Stack's Bowers Galleries

November 2023 US CCO Auction  –  13 - 17 November 2023

Stack's Bowers Galleries, November 2023 US CCO Auction

Live Sessions: U.S. Coins and Currency

Part 1: Mo, 13.11.2023, from 6:00 PM CET
Part 2: Tu, 14.11.2023, from 6:00 PM CET
Part 3: Tu, 14.11.2023, from 11:00 PM CET
Part 4: We, 15.11.2023, from 6:00 PM CET
Part 5: We, 15.11.2023, from 10:00 PM CET
Part 6: Th, 16.11.2023, from 6:00 PM CET
Part 7: Fr, 17.11.2023, from 7:00 PM CET
Part 8: Fr, 17.11.2023, from 9:00 PM CET
The auction is closed.

Description

2022 Rarity Check "Lost Coin" 0.01 Bitcoin. Loaded. Serial No. 53. Silver. MS-69 PL (ICG).

Loaded with 0.01 BTC. A virtually flawless specimen and the first example of the type to be presented in a live auction. 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 Lost Coin series was produced in two different denominations including 0.01 BTC and 0.001 BTC struck in .999 fine silver and a zinc alloy, respectively. Also released was an unfunded/non-loadable version in both silver and zinc alloy. This 0.01 BTC denomination was struck on a 25 gram planchet of .999 fine silver and only 100 examples were produced. The use of a curved security hologram on the reverse is an innovative feature that has not been seen before in this category. This type is also remarkable for having the serial number printed in two different spots on the reverse as an extra security measure. This coin is also accompanied by the original Certificate of Authenticity from Rarity Check listing the coin information. Public Address: 1PiCE9RcrKahzTSkPJLfHo6oUUsaLfAjyy.

PCGS# 893971.

*Loaded cryptocurrency coins will be reserved at their intrinsic cryptocurrency value on the day of the sale. Lots realizing $25,000 or more will be delivered via armored carrier ONLY. An additional shipping charge of five hundred dollars [$500] will be applied to domestic armored carrier deliveries, with additional fees for remote and international deliveries. Winning bidders may also pay their invoice via BitPay for a 2% fee after authorization by Stack’s Bowers Galleries prior to the sale. Additional terms and conditions apply.

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Bidding

Price realized 460 USD
Starting price 1 USD
Estimate 300 USD
The auction is closed.
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