I haven't been into coins that long, just wondering why some people stocked up on these half oz coins. I have seen some people sell in lots of 10-50, just interested in the story behind that
Well.. one day when the continent goes underwater, those will be the most recognised currency XD (Sorry that's not funny)
They were released while the GFC was going on and loads of people were speculating on coloured coins to make a quick buck. The clownfish has a connection with Finding Nemo so everyone thought the design would be well recognised and the value of the coin would sky rocket. It didn't.
Speculation. The Deadly & Dangerous series has pulled some serious premiums over their issue price and SeaLife was released about the time those premiums became obvious. So if you intend to make $50 a coin profit on SeaLife, buy 20 and make $1000 profit...... didnt quite work out that way but that's the theory. Same with any investment, shares etc. If you think a share will rise substantially in overtime, you load up ie. more you buy more profit to be made.
just before the release of the clownfish the lionfish was selling for about $150 on ebay so everybody thought the clownfish would do the same. i bought 5 and still have 2 left. no big deal but some people went all in and bought 50-100.
Old thread with more info here: http://forums.silverstackers.com/topic-408-perth-mint-australian-sea-life.html Ahhh history AEL with his genius predictions here: