COSTA MESA, CA.- Stack's Bowers Galleries will present a physical Lealana Bitcoin to the passionate communities of cryptocurrency and numismatic enthusiasts in their November 2021 Showcase Auction, taking place on Nov. 23, 2021 at StacksBowers.com. It will be the very first piece of physical cryptocurrency offered in a major live auction.

This physical Lealana Bitcoin represents a historic revolution in commerce, similar to the first gold coinage issued by King Croesus circa 500 BC and the first U.S. coins to be struck by steam press in 1836. It is the physical manifestation of an entirely digital concept, offering a fusion of numismatic utility and financial technology.

It features an intrinsic face value, or "peel value," of 0.1 Bitcoin (BTC), equivalent to roughly USD$5,400 at the time of cataloging (October 2021). The value of this piece was buyer-funded and remains unredeemed, further increasing the desirability.

“Before money was invented, people bartered for goods and services,” said Stack’s Bowers President Brian Kendrella. “It wasn’t until about 5,000 years ago that the Mesopotamian people created what is considered to be the first form of currency. Since that time money has evolved from coin to paper money to digital. The next evolution of money is cryptocurrency and the physical Lealana Bitcoin that we are offering is a unique physical object representing this historic evolution.”

Issued on a 25mm planchet of ¼ ounce of .999 fine silver and minted by Northwest Territorial Mint, the obverse features a holographic sticker with the serial number at left and the public address visible through a rectangular window. On the reverse is the Bitcoin currency symbol at center surrounded by a legend listing the denomination, composition, and the Hawaiian phrase "IKAIKA I HELU NUI" that translates as "Strength in Numbers." Also included with this physical Lealana Bitcoin is a Certificate of Authenticity (COA) and an encased Pretty Good Privacy (PGP) message.

First introduced as Lealana Litecoin, the Lealana series was released to collectors and investors in June 2013 as a counterpart to the Casascius physical bitcoins introduced in 2011. It was invented and issued by Noah Luis of Honolulu, Hawaii, who is perhaps better recognized within the crypto community by his internet handle "smoothie." These physical Lealana Bitcoins were produced in both brass and silver compositions and issued in a range of denominations from 0.1 BTC to 1 BTC, corresponding to those of the Casascius series. Only 2,000 Lealana 0.1 Bitcoins were issued in silver, and this buyer-funded example with a black address is a great rarity, one of only 10 issued. It is considered part of the limited Series 1 Lealana coins, offered before the address color was changed to green in May 2014 to comply with regulations.

Stack’s Bowers is expecting considerable excitement and fierce bidding among both collectors and investors when this piece crosses the auction block in their November sale