In 2011, an investor purchased a 1,000 BTC gold coin. Since then, it has increased in value 9,786 times and has become the most valuable numismatic item in the world.
According to GreatCollections, the 1,000 BTC one troy ounce gold coin, bought by an unnamed investor in 2011 for $ 4,905, is now worth over $ 51 million.
The owner of the most valuable numismatic item in the world admits that ten years ago, against the background of a sharp rise in the value of gold, “making a purchase was not easy.” He made a choice between buying bars weighing more than 100 grams and investing in a physical gold coin weighing no more than 31 grams.
In the cryptocurrency community, 1,000 BTC coins are called “Golden Cash”. This is a reference to “Casascius”, a brand of BTC coins issued between 2011 and 2013 by Mike Caldwell.
Casascius are considered to be the most popular physical BTC coins ever created. They were minted from precious metals and contained a secure hologram with the private key of a “cold” cryptocurrency wallet.
In 2013, the Financial Crimes Enforcement Network (FinCEN) accused Caldwell of conducting an unauthorized money transfer and conversion business. As a result, he was forced to suspend the production of coins.
“This is the fastest and most significant ROI of any numismatic subject, 9,786 times the purchase price in just ten years. The Golden Casse overshadows classic rare coins such as the 1933 Saint-Gaudens Double Eagle, recently auctioned at Sotheby’s for $ 18.8 million, ”said Ian Russell, President of GreatCollections.
The coin of 1000 BTC is transferred to the bank’s vault and is not for sale, as its owner is optimistic about the long-term prospects of bitcoin.
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