Can i sell bitcoin or other curencies well over the price?

[AussieBTC]

Just wondering if its possible to place sell order on popular exchanges well over the average price? Do they allow this to happen?
Lets say average BTC/USD is $1200 and i put them for sale for $1500/BTC

I've seen this on localbitcoins.com but i dont know about the exhanges.

Yes most of you will ask why on earth would i do this, and i say why not if someone is willing to buy.

[Itun]

Although the exchange site may initially give you a warning note that you are selling for much higher than the market cost, I don't think there will be a problem.

However, I don't think anyone would buy it for that price for some time (if ever this year).

[odolvlobo]

Setting the price that you will sell at is very common. It is called a "limit" order. Basically, you set the price you are willing to sell at, and you only sell if the current price rises to your price. Keep in mind that nobody will buy at your price while there is someone selling at a lower price.