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Topic: [WTS] Casascius Coins - Prices Lowered! (Read 2560 times)

legendary
Activity: 2128
Merit: 1119
legendary
Activity: 1904
Merit: 1005
PGP ID: 78B7B84D
October 20, 2015, 04:05:59 AM
#27
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 Sad.

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.
legendary
Activity: 1414
Merit: 1077
October 20, 2015, 03:01:39 AM
#26
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 Sad.
copper member
Activity: 2996
Merit: 2371
October 19, 2015, 11:39:07 PM
#25

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.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
October 19, 2015, 11:24:23 PM
#24

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!
legendary
Activity: 910
Merit: 1006
BCH Advocate.
October 18, 2015, 08:54:05 PM
#23
These prices are way under the pr of one BTC anyways looking at the big picture IMO
legendary
Activity: 2688
Merit: 1192
October 18, 2015, 03:20:34 AM
#22
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.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
October 18, 2015, 12:04:39 AM
#21
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.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
October 18, 2015, 12:02:46 AM
#20
Since there was a thread made about it - Yes this is Blazedout419. I figured since everyone refers to me as "Blazed" anyways why not shorten it to that.

Haha, you've had this account since 2013 and you're just now confessing it's your alt? Why?!

Beautiful coins, wish i could afford it...i'm in the market...

I think you maybe be a little confused here. I renamed this account from Blazedout419 to Blazed. I have no alt accounts.

Ah, that makes sense...yes, i was confused. Sorry! I didn't know one could change their username. Was 419 your area code? Those that knew you before the new moniker should now refer to you as 419...ha!
legendary
Activity: 2128
Merit: 1119
October 17, 2015, 11:53:59 PM
#19
Since there was a thread made about it - Yes this is Blazedout419. I figured since everyone refers to me as "Blazed" anyways why not shorten it to that.

Haha, you've had this account since 2013 and you're just now confessing it's your alt? Why?!

Beautiful coins, wish i could afford it...i'm in the market...

I think you maybe be a little confused here. I renamed this account from Blazedout419 to Blazed. I have no alt accounts.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
October 17, 2015, 11:50:42 PM
#18
Since there was a thread made about it - Yes this is Blazedout419. I figured since everyone refers to me as "Blazed" anyways why not shorten it to that.

Haha, you've had this account since 2013 and you're just now confessing it's your alt? Why?!

Beautiful coins, wish i could afford it...i'm in the market...
legendary
Activity: 2128
Merit: 1119
legendary
Activity: 2128
Merit: 1119
October 15, 2015, 08:59:14 PM
#16

Alright, fine.. I will auction some coins for you guys. Bid them up nice and high though. The more you guys pay for them the better it is for the market  Cheesy
legendary
Activity: 1534
Merit: 1133
derp
legendary
Activity: 2128
Merit: 1119
October 15, 2015, 08:38:45 PM
#14

What shall I auction? You guys after some tenths?
legendary
Activity: 2212
Merit: 1118
Lie down. Have a cookie
October 15, 2015, 08:36:07 PM
#13
BTCumping this

Almost auction time?  Grin
I second it Cheesy
legendary
Activity: 1534
Merit: 1133
derp
October 15, 2015, 06:20:21 PM
#12
BTCumping this

Almost auction time?  Grin
legendary
Activity: 2128
Merit: 1119
October 13, 2015, 09:12:53 AM
#11
Wow, if you get any lower you might as well mail it in to that let ebay sell it for you program and take the 80% Tongue. Seriously though, these are good prices. Someone should pick up that gold B before the end of the day.

I have a gold 1btc Kialara (unfunded) I can offer as partial trade for either silver 1btc. Let me know if you are interested and how much btc I would need to add to make a deal.

How much do you value that gold Kialara for? I sold the Silver+Gilt in topic, but have more...68/69

I have one for sale here, open to offers but somewhere near there. https://bitcointalksearch.org/topic/m.12497303

We would not be anywhere close on prices so I will have to pass.
legendary
Activity: 1456
Merit: 1000
October 13, 2015, 09:02:17 AM
#10
Wow, if you get any lower you might as well mail it in to that let ebay sell it for you program and take the 80% Tongue. Seriously though, these are good prices. Someone should pick up that gold B before the end of the day.

I have a gold 1btc Kialara (unfunded) I can offer as partial trade for either silver 1btc. Let me know if you are interested and how much btc I would need to add to make a deal.

How much do you value that gold Kialara for? I sold the Silver+Gilt in topic, but have more...68/69

I have one for sale here, open to offers but somewhere near there. https://bitcointalksearch.org/topic/m.12497303
legendary
Activity: 2128
Merit: 1119
October 13, 2015, 08:53:58 AM
#9
Wow, if you get any lower you might as well mail it in to that let ebay sell it for you program and take the 80% Tongue. Seriously though, these are good prices. Someone should pick up that gold B before the end of the day.

I have a gold 1btc Kialara (unfunded) I can offer as partial trade for either silver 1btc. Let me know if you are interested and how much btc I would need to add to make a deal.

How much do you value that gold Kialara for? I sold the Silver+Gilt in topic, but have more...68/69
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