Why the tiny Pacific nation of Tuvalu wants a bigger share of the designer coin market

  • 📰 abcnews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 83%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Amid the coronavirus pandemic, Tuvalu is carving out a lucrative niche — producing designer coins featuring the likes of Star Trek, John Wayne and even Duff Beer.

As the coronavirus pandemic hits economies around the world, the tiny Pacific nation of Tuvalu has carved out a lucrative niche — producing designer coins featuring the likes of Star Trek, John Wayne and even Duff Beer.The coins are not intended for circulation and rarely make it onto Tuvaluan soilThe country's official currency is the Tuvaluan dollar, which is pegged to the Australian dollar at parity and is also used alongside the Australian dollar.

Another of the popular designs that can sell for a hefty price features the cult classic television show Star Trek: Enterprise. While some collect coins as a hobby, they can also be a great investment, as popular creations can be resold for massive profits.With the currency much sought-after by international collectors, Tuvalu is hoping to get a bigger share of the profits.

"I'm sure they're looking at … why Tuvalu still receives $200,000 given the market is really good, the prices have increased," he said.'They have a lifetime that outlives us as people'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Heads up TuvaluGov❗️ Before entering negotiations, do a bug sweep of your office. MarisePayne cporterwa may be listening...😎😬 Their lot has form and shows no remorse. AlexanderDowner insiders auspol perthmint witnessk

bad move. the world is moving to digital. That said i suppose commemorative coins and such are viable enough to bother?

One would have to be really stupid to think these 'coins' would appreciate in value. McDonald's and Rennicks catalogues confirm this as fact.

It makes cents.

Oh god, we already have monopoly money, let's not get crazy

Ireland Ireland Latest News, Ireland Ireland Headlines