It could be possible that due to the size of these coins being much smaller (28.6mm) than the bars (80mm x 40mm x 6mm), a few may have been lost. Only six were manufactured and there are four coins left, and that means only 33.33% of the BTC has been spent so far.
#Casascius bitcoin bar series
Mike Caldwell minted both coins and bars during the manufacturing period between 20.Īlthough some individuals are lucky enough to own the series one 1,000 BTC Casascius coins minted in 2011. The series two Casascius bars only stored 500 BTC and every single one of those bars have been peeled.
The series one 1,000 BTC bar data shows that 87% have been redeemed. At the time of writing, there are still 48- 100 BTC bars that have not been spent, leaving $44.4 million left (100 BTC bars) unspent to-date.Ĭaldwell also minted a number of 1,000 BTC bars and so far, most of those have been redeemed. So far the highest increment peeled between December and now, was a few 25 BTC coins. Last December when reported on the 100 BTC gold bar that was redeemed on the 23rd, it was the last 100 BTC peeled since then. Moreover, the $424 million only covers the BTC loaded on the coins, as each minted product also has bitcoin cash ( BCH) and bitcoinsv ( BSV) in each coin or bar as well. Out of the 20,901 active Casascius bars and coins in existence, there are 45,760 active BTC (over $424 million) held on those physical products. That means at today’s BTC/USD exchange rates out of the 560 coins redeemed, $5.1 million in BTC was spent. On July 12, 2020, there’s only 45,760 active BTC held on Casascius physical coins or bars in existence, as there were roughly 46,320 active BTC coins in December 2019. However, during Caldwell’s tenure of making the Casascius physical bitcoin collection, he minted close to 90,000 BTC in various denominations. government shut down Caldwell’s operation by telling him he could no longer load the physical coins with real digital bitcoin. One of the most popular physical bitcoin creators was Mike Caldwell who issued the Casascius physical bitcoin collection from 2011 to 2013. Most all of these types of coins are collector’s items, as the physical attributes can give the cryptocurrency numismatic value.
During the last decade, numerous manufacturers have created physical bitcoins that have been loaded with the digital currency. As of today, there are only 20,901 Casascius coins or bars left in the world, with roughly $424 million worth of bitcoins loaded on them.īitcoin’s believe it or not can have nostalgic value, especially when they are tethered to a physical bitcoin. Last December, someone redeemed a 100 BTC Casascius bar and since then 560 Casascius coins worth $5.1 million have been redeemed. For many years now physical bitcoins have been a very popular trend, but one specific type called the Casascius physical bitcoin collection has intrigued people for years.
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