[WTS] Casascius Coins - Prices Lowered!

[Possum577]

Wow it wasn't long ago when it would be crazy for a buyer to think they could buy a MS67 version of these coins at these prices.

If I had to guess the downward pressure on highly graded coins is the result of the glut of supply in the market that is resulting from so many people selling coins that have very high grades hoping to profit. These coins are still very nice and will make a nice addition to a collection.

Glut means stall or shortage, no? How does a glut in supply put downward pressure on the price? The problem is that demand has relaxed.

[Fortify]

Wow it wasn't long ago when it would be crazy for a buyer to think they could buy a MS67 version of these coins at these prices.

If I had to guess the downward pressure on highly graded coins is the result of the glut of supply in the market that is resulting from so many people selling coins that have very high grades hoping to profit. These coins are still very nice and will make a nice addition to a collection.

Glut means stall or shortage, no? How does a glut in supply put downward pressure on the price? The problem is that demand has relaxed.

I'm fairly sure that Glut means oversupply and it stems from the word "Gluttony" which means abundance. The Casascius market does seem to have died down, maybe everyone who paid over the odds is waiting for it to heat back up again before selling.

[IBGigglin]

These prices are way under the pr of one BTC anyways looking at the big picture IMO

[Possum577]

Silver Tenth up for auction - starts @ .1

https://bitcointalk.org/index.php?topic=1211887.0

You see what happens when you put these coins up for auction? The price just rises...naturally...the demand breeds more demand. People interested all raise their hand slowly and then as they see how many others are interested they decide "they must have it"...and boom, you have an auction running higher than your original ask.

Crazy, right? The market works in funny ways but obviously the auction price is setting the true price of these coins.

Congrats!

[Quickseller]

Silver Tenth up for auction - starts @ .1

https://bitcointalk.org/index.php?topic=1211887.0

You see what happens when you put these coins up for auction? The price just rises...naturally...the demand breeds more demand. People interested all raise their hand slowly and then as they see how many others are interested they decide "they must have it"...and boom, you have an auction running higher than your original ask.

Crazy, right? The market works in funny ways but obviously the auction price is setting the true price of these coins.

Congrats!

The current high bid is 1.25 and blazed's asking price was most recently 1.65BTC, and not many months ago a similar coin would have easily sold for 2 BTC

Wow it wasn't long ago when it would be crazy for a buyer to think they could buy a MS67 version of these coins at these prices.

If I had to guess the downward pressure on highly graded coins is the result of the glut of supply in the market that is resulting from so many people selling coins that have very high grades hoping to profit. These coins are still very nice and will make a nice addition to a collection.

Glut means stall or shortage, no? How does a glut in supply put downward pressure on the price? The problem is that demand has relaxed.

In the quoted post of mine glut=abundance. There seems to be a large number of casascius graded coins entering the market as of recently, pushing prices down.

[hedgy73]

There does seem to be a bit of a dip in coin sales lately. It also looks to me its the same few people buying and selling the coins.

This does happens when supply outstrips demand which is obviously the case.

Either that or people are losing interest in physical coins .

[miffman]

There does seem to be a bit of a dip in coin sales lately. It also looks to me its the same few people buying and selling the coins.

This does happens when supply outstrips demand which is obviously the case.

Either that or people are losing interest in physical coins .

I honestly don't think people are losing interest in physical coins. Ever since I can remember we have had big ups and downs with physical bitcoins. We're on our way down, and now is a great time to buy some.

[Blazed]

2013 Casascius Silver Tenth MS-68 up on the auction block!

https://bitcointalk.org/index.php?topic=1221650.0