$ 424 million and numerical value: Only 20,000 physical Casascius bitcoins have not been revealed

For many years now, physical bitcoin has been a very popular trend, but a specific type called the Casascius physical bitcoin collection has attracted people for years. Last December, someone changed a 100 BTC Casascius bar and since then, 560 $ 5.1 million Casascius coins have been exchanged. As of today, only 20,901 coins or Casascius bars remain in the world, with approximately $ 424 million worth of bitcoin deposited in them.

Bitcoin may or may not be of nostalgic value, especially when they are tied to a physical bitcoin. Over the past decade, many manufacturers have created physical bitcoins that have been loaded with digital currencies.

Almost all of these currencies are collectible items, since physical attributes can bring digital value to cryptocurrencies. One of the most popular physical bitcoin creators is Mike Caldwell, who released the Casascius physical bitcoin collection from 2011 to 2013.

Unfortunately, the US government shut down Caldwell's operations, by telling him that he could no longer top up physical coins with real digital bitcoin. However, during Caldwell's tenure, during the implementation of the Casascius physical bitcoin collection, he managed to mine nearly 90,000 BTC with various denominations.

On July 12, 2020, only 45,760 active BTC held on Casascius coins or physical bars existed, as there were approximately 46,320 BTC active in December 2019. That means the BTC exchange rate / USD today out of the 560 cents exchanged, $ 5.1 million BTC was spent.

Of the 20,901 active bars and coins Casascius, 45,760 active BTC (more than $ 424 million) are held on those physical products. Furthermore, $ 424 million includes only the amount of BTC deposited on coins, since each minted product also has bitcoin cash (BCH) and bitcoinsv (BSV) in every coin or bar.
Last December when news.Bitcoin.com reported on the 100 BTC gold bar that was redeemed on the 23rd, it was the last 100 BTC to be peeled ever since. So far, the highest gain ever peeled from mid-December to date, is a few 25 BTC coins. At the time of writing, there are still 48- 100 BTC bars that have not been spent, the remaining $ 44.4 million (100 BTC bars) has not been updated yet.

Caldwell has also minted 1,000 BTC bars and so far, most of them have been exchanged. The bar data of a series of 1,000 BTC shows that 87% has been exchanged. The two-bar chain Casascius only stores 500 BTC and each one of them has been stripped.

Mike Caldwell minted both money and bars during the production period from 2011 to 2013.
Although some individuals are lucky enough to own a chain of one 1,000 BTC Casascius coin that was minted in 2011. Only six coins were produced and the remaining four coins, and that means only 33, 33% of BTC has been used to date. Perhaps 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.

In the Casascius collection, there are many physical coins with smaller gains from 0.5 BTC to 25 BTC. As mentioned above, the Casascius coin has given bitcoin players lots of nostalgia and a lot of these coins have collected digital values ​​that far exceed the value of BTC stored on this currency.

As of July 12, 2020, there are about 45,764 BTC still active in the Casascius physical bitcoin collection.
For example, on Ebay, there are two Casascius coins sold at prices much higher than the original BTC value. An example shows a rare physical Casascius coin of 2011 - 1 BTC sold for $ 101,000. Another seller on the eBay auction site wanted $ 25,000 for his fully-funded 2013 BTC Casascius coin.

There aren't a lot of Casascius coins on eBay, but there are a lot of coins from manufacturers like Denarium and BTCC Mint. Caldwell created some unloaded Casascius bitcoins that did not contain the actual digital currency value and those jewelry sold for $ 25 a pop.

People can track the Casascius bitcoin acquisition cycle on Twitter by following a bot called Casascius Coin Tracker (@Casasciusbot). When news.Bitcoin.com reported on the peeling of the 100 BTC bar, it was the biggest month since now and then for discounts with 172 coins peeled off. In mid-March, 54 coins were exchanged and so far only 14 Casascius coins have been mined in July.

Of course, the biggest month in a long time was December 2017, when the public witnessed 1,172 Casascius coins being exchanged. Since 560 $ 5.1 million Casascius coins have been purchased since December 2019, it shows that these physical bitcoins are becoming rarer during the day. It is likely that because scarcity continues to hold these loaded physical bitcoins, they will always have a higher value than the original digital load.

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