I think that a lot of this has to do with a new growing category. Everyone rushed to sell their coins there. I wonder what the chart would look like if there were only 5-10 coins for auction. Many of these coins have low mintage and as category grows in popularity and coins get harder to find the premiums will continue to grow. Its guaranteed as time goes on these coins get more evenly dispersed. Right now were still at a point where 250 people hold 70% of the coins (just a guess). Physical bitcoin will grow and go through the roof, ITS SCIENCE
But... really look at the orange dotted line on the first chart. That's the premium value for each lot over time. Sure, it dips down somewhat after the first few were offered, but what strikes me the most is actually how
stable it is. These are all coins with slightly different grades, too.
The average premiums of all 1BTC Cas error coins sold at auction:
- 2022: $16,300 — average grade 65.4 — 20 coins
- 2023: $19,000 — average grade 65.8 — 5 coins
- 2024: $16,000 — average grade 66.1 — 7 coins (so far)
Note: Includes a coin sold by Heritage on 5/8/24 which was missing from the graph.Heritage is selling 5 more on 8/17/24. They're a nice grade rainbow of 63, 64, 65, 66, 67, and the first NGC graded ones I've seen (personally).