Greysheet News

Costa Mesa, CA
– Over $500,000 in

physical bitcoins and other cryptocurrency

was sold by Stack’s Bowers Galleries in their Spring 2022 Showcase Auction,
contributing to nearly

$37 million

in overall prices realized for the sale—a 60% increase above the pre-sale
estimate. The Stack’s Bowers Galleries Spring 2022 sale was largest and
most diverse offering of physical cryptocurrency ever by a major auction
house, confirming Stack’s Bowers Galleries as a market leader among today’s
expanding community of collectors. The firm first presented this category
at auction in November 2021 when a

500% premium

was realized by a Lealana 0.1 Bitcoin. Strong premiums continued to be
earned throughout this recent offering, far exceeding premiums reported in
any other sale venue. The Bitcoin price at the time of the April sale was
approximately $45,000 and all premiums to follow reflect the percentage
earned above the underlying “face value” of the cryptocurrency.

The sale featured an array of

Bitcoin

and

Litecoin

from the popular

Lealana

and

Casascius

series, all certified and encapsulated by PCGS. Also included were several

unloaded and redeemed

coins that remain very popular as keepsakes of this exciting technology.
The Casascius coins were highlighted by a 2013 1 BTC that earned a near

50% premium at $66,000

and a 2013 0.5 BTC that sold for a

40% premium at $31,200

. These were purchased directly from Mike Caldwell, the creator of the
series, as part of original rolls of coins. They were accompanied by two of
the historic 2011 Casascius Error 1 Bitcoin pieces, which are important as
the first funded physical bitcoin ever produced, according to researcher
Elias Ahonen’s Encyclopedia of Physical Bitcoins and other Crypto-Currencies.
Included in this pair was a MS-66 (PCGS) that realized a

premium of over 70% at $78,000

, ranking as the sole finest of just five at PCGS.

The Lealana coins were spotlighted by a scarce four-coin set of silver

2013 Lealana bitcoins

, offered individually in consecutive lots. Each coin is marked with the
serial number 24, making it one of the earliest sets issued by Lealana
creator Noah Luis, aka “smoothie.” The set was highlighted by an important
gold-plated 1 BTC graded Proof-69 Deep Cameo (PCGS) that brought a

140% premium of $108,000

. This historic coin is described by specialist Elias Ahonen as “perhaps
the most visually interesting” issue from this series.

Also included in the set was a 0.1 BTC graded Proof-70 Deep Cameo (PCGS)
that sold for a

245% premium at $15,600

, a 0.25 BTC graded Proof-69 Deep Cameo (PCGS) that earned a

240% premium at $38,400

, and a 0.5 BTC graded Proof-70 Deep Cameo (PCGS) that realized a

190% premium at $66,000

. A similarly matched set of 2013 Lealana litecoins was also featured,
highlighted by a 10 LTC Proof-68 Deep Cameo (PCGS) that brought a

530% premium at $7,800

.

With such

significant premiums

and over a half million in prices realized, the Stacks’ Bowers Galleries
Spring 2022 Auction will be forever remembered as a historic offering of
physical cryptocurrency. Continuing this momentum, Stack’s Bowers Galleries
is now preparing the catalog for their June 2022 Showcase Auction of U.S.
Coins, which is scheduled to be posted online by May 13. The firm is also
accepting consignments to their August 2022 Global Showcase Auction that
will present items across every numismatic area including U.S. coins and
paper money, Numismatic Americana, World and Ancient coins and paper money,
and physical cryptocurrency. This event will feature lot viewing at the ANA
World’s Fair of Money in Rosemont, Illinois. In addition, the firm offers
monthly Collectors Choice Online Auctions in every category, providing a
convenient venue for the quickest sale and the quickest payment at the
strongest prices. To consign your collection to an upcoming auction,
contact Stack’s Bowers Galleries today at Consign@StacksBowers.com or
800-458-4646.

Stack’s Bowers Galleries is also excited to offer their clients the ability
to pay for their purchases with Bitcoin. The firm has arranged with BitPay
to facilitate all Bitcoin payments and a 1% fee will be added to all
invoices for this service. Additional terms and conditions apply, and
bidders are encouraged to contact Stack’s Bowers Galleries before the sale
with any questions relating to payment via BitPay. Clients who would like
to settle an invoice via BitPay must contact the firm’s accounting
department to arrange for a payment request.

About Stack’s Bowers Galleries

Stack’s Bowers Galleries conducts live, Internet and specialized auctions
of rare U.S. and world coins and currency and ancient coins, as well as
direct sales through retail and wholesale channels. The company’s nearly
90-year legacy includes the cataloging and sale of many of the most
valuable United States coin and currency collections to ever cross an
auction block — The D. Brent Pogue Collection, The John J. Ford, Jr.
Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr.
Collection, The Joel R. Anderson Collection, The Norweb Collection, The
Cardinal Collection and The Battle Born Collection — to name just a few.
World coin and currency collections include The Pinnacle Collection, The
Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos
Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong
Collection, and The Thos. H. Law Collection.

The company is headquartered in Costa Mesa, California, with offices in New
York, Philadelphia, Wolfeboro, Hong Kong, and Paris. Stack’s Bowers
Galleries hosts an annual Global Showcase in August featuring United States
coins and currency, ancient coins and World coins and currency in its Costa
Mesa auction gallery. They are also the Official Auctioneer for several
important numismatic events, including the New York International
Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer
and Winter Expos, and Spring and Fall Hong Kong shows.


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