If you weren't familiar with WallStreetBets before a two-week period at the end of January and beginning of February 2021, you are more than likely familiar now. The rogue group of investors who communicate on Reddit sent shockwaves through Wall Street with massive trades that propped up companies and cost US firms more than $70 billion.
Round Highlights:
This 1 oz. Wall Street Bets Silver Round is available to you for purchase as a brand-new specimen from the Blockchain Mint.
The designs on the round honor the subreddit known as WallStreetBets. The mint offers this design in a BU version, as featured here, as well as 1 oz copper round. The rounds available here are in Brilliant Uncirculated condition.
The WallStreetBets subreddit has been active since 2012 when it was founded by Jaime Rogozinski. As of 2021, there are some 9.5 million active users on the subreddit. The group shot to global notoriety during the final weeks of January and early February 2021 when its GameStop short squeeze resulted in a run on various stocks that Wall Street firms were betting would fail, but average Americans believed were being undervalued. Looking to make a quick score and teach Wall Street a lesson at the same time, the groups investors targeted a number of stocks. While GameStop was the most notable in the news, there were other struggling brands backed by WallStreetBets.
Obverse designs of the 1 oz. Wall Street Bets Silver Round feature a depiction of the cartoon character represented in the WallStreetBets subreddit logo. The figure is shown wearing a suit with slicked-back hair and a pair of sunglasses. Included in the logo and in the design on this face, the street sign from Wall Street in New York City is depicted with bets spray-painted on the sign.
Reverse elements of the Wall Street Bets Silver Round focus on a rocket ship in the foreground. The design field includes the stock symbols for five prominent brands that WallStreetBets users targeted in the short squeeze moves, as well as a symbol representing one of the prominent phrases of the users. The inclusion of a diamond above a set of hands represents diamond hands, a phrase WSB users state in reference to holding stocks adamantly.