### **Deep Analysis: Ammonite Necklace Token** #### **Summary, Release, and Rarity** The *Ammonite Necklace Token* is a cosmetic override token introduced in *Treasure Hunter* promotions in July 2021. It unlocks the Ammonite Necklace cosmetic appearance, which mimics a silica-fossil aesthetic, appealing to collectors of unique low-market cosmetics. Initially skyrocketing in value, its popularity waned after subsequent Treasure Hunter supply reintroductions and vast gold injections into the game economy. The token debuted high in demand during the July 2021 promotional period, peaking at extraordinary prices due to its exclusivity and cosmetic appeal. Its relative rarity has diminished due to sporadic re-releases, likely during "Smouldering Lamps" or "Fishy Adventures" promos that heavily skewed supply logs. However, the introduction of high-tier combat skins (e.g., necromancy overrides) in 2023 has overshadowed niche cosmetics like the Ammonite token—reducing its perceived value. #### **Price Data Overview** Based on available price data, the token’s value progression paints a vivid picture of RuneScape’s fluctuating economy and supply-manipulation through Treasure Hunter campaigns: - **Initial spike (July 2021):** Prices ranged wildly, trading between 1.9m GP (at lowest) to more than 1.9b initially—correlating with the recovery dupe, which added fragmented market liquidity. - **Post-release crash:** By October 2021, following the release of *Croesus* and lack of Treasure Hunter support, values stabilized near ~12m GP. - **Stability (2022):** Prices floated around 2.2m-4m, aligning with RuneScape's broader gradual deflation after the Duel Arena removal and recessionary pressures instigated by FSW. - **Recent performance (2024):** Latest data shows the token hovering between ~1.7m GP–3.5m GP, with prices briefly spiking in February 2024, potentially tied to speculative buying or new Treasure Hunter-compatible duplicate sinking. #### **Noteworthy Historical Market Events** - **Gold Duplication Exploits (July 2021, January 2023):** These directly created trillions of additional GP inflating all storeable items and skewing speculative price power for items like tokens. - **Treasure Hunter Promo Reruns:** Ammonite tokens declined after multiple campaigns diluted intrinsic exclusivity. - **Necromancy Skill (August 2023):** Encouraging investment into combat updates, reduced spend on cosmetic-only items. - **Hero Pass Backlash (September 2023):** Reduced player baselines damaged cosmetics' uniqueness since Hero Shops repurposed backused-cosmetics actively non milestones baseline visually distracting hypcritical issue arranges** #### **Confounding Supply Signals Potential Overlap Dates-Upgrades Hidden