A twelve-coin bullion series that issues a single design every year, Tokelau Sealife debuted in 2014 to a mixed reception. Buyers seemed to like the design, but there were soon comments regarding the quality of the prooflike coin circulating around the forums. This resulted in a change to a satin finish, seen as a way of minimising the look of flaws. Fortunately, the series quality picked up rapidly, keeping the satin finish until 2020, and while these are not struck to the same standard as a Perth Mint bullion coin, for example, they’re perfectly fine these days.
Fortunately, the series, which looks at sealife around the Oceanic island nation Tokelau, has a solid artistic foundation, with each of the issues to date showing a fine grasp of the subjects anatomy and habitat. Indeed, many would make good proof coins. Initially the brainchild of Perth-based producer, Treasures of O (TOZ), the silver coins are struck in the US, identified by TOZ as the biggest market for the coin, at the Highland Mint. It seems that the project is now fully handled by the latter company.
Just a single format makes up the series, and it’s the classic one-ounce fine silver one. There was a half-ounce variant of the Yellowfin Tuna coin with a 250k mintage, but that was the only one to appear, and we’re not expecting it to return. Treasures of Oz also produced 0.5 gram minigold proof variants of the first two designs as well, a format they do have a lot of experience with, but again, they haven’t continued. As for mintages of the main attraction, after an initial 500,000 units, we’ve seen a rapid decline as the overall market has changed. The producer is to be commended for adapting so quickly to the market. We now sit at 10,000 units, which is far more realistic.
The latest release at the time of writing, has changed from the satin finish to a prooflike one, with a mirror background field and a different style. As this is the seventh to appear, we’re going to assume that the final six coins will have this new style, but we’ll find out next year when the 2021 coin is revealed. Overall, a decent series with some fine designs within. Not a top-tier strike, but certainly worthy of collection.