Its up to buyer to gage how much they think its worth. I'd personally value the grade over the error but that's just me. Someone in the thread mentioned if a buyer purchased this, how would they be able to sell it later for the same price? Well if you pay a substantial premium for a coin you have to wait a long period for the market to digest it. There's no quick flip on something you pay a substantial premium on, because the buyer of this coin is what we call in the industry, the whale. Collectors should buy what they like and collectors make the best investors because of that reason so if someone were to buy it just hold onto it for a while and you will be rewarded.
Correct. The market determines the price. Ergo the listing. The grade is irrelevant with these coins. It may matter with the early brass coins but the newly minted silver rounds are pretty much all in superb condition. Most who bought them treated them like gems. I have plenty of the silver-gold rounds. All are pretty much the same. Cones on top of clones. In mint condition. As they were shipped from mike. With the exception of the golden heart error coin. It's what makes that coin stand above all else. I bought them to resell in a few years. Not anytime soon. I have patience. And when it does come down to my last silver-gold round, you can bet this one will go reluctantly. If it sells at all.
I think whoever buys this is a serious collector and isn't in it to resell for a margin. The Cas collector market will mature over time. More will get involved. Money will come pouring in. People will fight over a piece of history. This is priced rather reasonably. The 25btc+ coins will be much more difficult to sell as BTC appreciates. The scope of potential buyers will be very narrow. There is a reason why I sunk some of my BTC into these silver rounds. I believe they are more desirable than the brass tokens. And marketing them shouldn't be an issue as they already speak for themselves. All I need are some sexy shots and market presence. And my scope of buyers is wide because its within reach for most entry and avid collectors/investors.
There has to be some level of trust here. Just as we trust mike to not have a copy of all private keys stashed away somewhere. You can trust math. Humans, not so much.
You know I'm surprised I haven't heard from Chainsaw yet. I wonder what he's up to. He's done an excellent job maintaining a public record of Cas transactions for the market. He's a wise man. I think he was one of the first I showed my error coin to. If you are reading this, let me know what you think.