OTC BTC Coin (5 BTC), Physical Casascius coin Bitcoin

OTC BTC Coin (5 BTC), Physical Casascius coin Bitcoin (image 1/1)
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1 OTC 5 BTC Casascius coin , a physical Bitcoinvalue 5 BTC. This is the real thing, not a BTC style coin, but a genuine Casascius 5 BTC coin. OTC (Over the Counter)Each 1-bitcoin coin is about 28.6mm (1.125inch ) in diameter, weighs approx. 7g.It has a value of 5 BTC.The coin has a peel back tamper proof hologram sticker which reveals a 'Private key' which is accepted by the major bitcoin dealer where you can convert these physical Casascius Bitcoins into normal digital Bitcoins. Using the "Redeem Private Key" feature under the Funding Options menu. How Do They Work, and how can I be sure the coin has any value ? : Casascius coins use the " minikey “private key format.( https://en.bitcoin.it/wiki/Mini_private_key_format )This "private key" is on a card embedded inside the coin, which is protected by a tamper-evident hologram (the attractive shiny side of the coin). The tamper-evident hologram leaves behind a honeycomb pattern if it is peeled. If the hologram is intact, the bitcoin is ‘good’.A 8-character code is visible on this hologram this is the first eight characters of the Bitcoin address assigned specifically to the coin. You can verify the coin's balance on by typing this code into Block Explorer . ( / ).There is a mathematical relationship between the Bitcoin address and the private key inside the coin. The digital bitcoin read more
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