Why do some people have a mass amount of Australian Sea Life coins?

Discussion in 'Silver Coins' started by Aureus, Nov 8, 2011.

  1. Aureus

    Aureus Active Member Silver Stacker

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    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 :)
     
    Aureus, Nov 8, 2011
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  2. thatguy

    thatguy Active Member

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    hypefun, some may well ask that about 1/2 oz colored dragon coins in 12mo
     
    thatguy, Nov 8, 2011
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  3. fishball

    fishball New Member Silver Stacker

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    Because the Clownfish was such an awesome coin.
     
    fishball, Nov 8, 2011
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  4. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Well.. one day when the continent goes underwater, those will be the most recognised currency XD
    (Sorry that's not funny)
     
    Lunarowl, Nov 8, 2011
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  5. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    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.
     
    Big A.D., Nov 8, 2011
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  6. Matthew 26:14

    Matthew 26:14 New Member

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    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.
     
    Matthew 26:14, Nov 9, 2011
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  7. Guest

    Guest Guest

    Blame the Redback!
     
    Guest, Nov 9, 2011
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  8. alor

    alor Well-Known Member Silver Stacker

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    its always the 50cents piece. I want them. :)
     
    alor, Nov 9, 2011
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  9. happycrank

    happycrank Member

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    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.
     
    happycrank, Nov 9, 2011
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  10. fishball

    fishball New Member Silver Stacker

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    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:

     
    fishball, Nov 9, 2011
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  11. thatguy

    thatguy Active Member

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    Win!
     
    thatguy, Nov 9, 2011
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  12. knowles3

    knowles3 Member

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    i have one, i hope they do well
     
    knowles3, Nov 9, 2011
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