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Treasure hunters or gold diggers?
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Traveling buyer’s promises of ‘top dollar’ for precious metals not kept The newspaper began looking into Treasure Hunters Roadshow (THR), also known as Ohio Valley Gold and Silver Refinery... |
Are Obama Coins a Rip-Off?
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Do Colorized Obama Coins Have Investment Potential?By Susan Headley, About.com Guide Obama coins were already being sold by TV shopping show coin dealers and small non-governmental mints, even before Barack Obama was elected President of the United States. Colorized coins featuring portraits of Obama are appealing collectibles because Obama has stirred the emotions of many Americans like no other Presidential candidate in U.S. history probably ever has. The sellers of Obama coins play up the historic and emotional aspects of Obama's success, often marketing these coins as rare, limited edition collectibles that could increase in value over time. When you mix emotions and investment decisions, your pocketbook is nearly always a loser. According to nationally known coin expert Scott A. Travers, author of The Coin Collector's Survival Manual, "These coins are absolutely terrible investments. The value of these coins is what you can spend them for today. And the value of these coins for the foreseeable future will still be the face value — what you can spend them for. Do not buy these coins as anything other than souvenirs." |
The Obama Coins Rip-Off
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By Susan Headley, About.com Guide to Coins With the election of Barack Obama to the U.S. presidency, there has been an outpouring of strong emotions among many Americans the likes of which we haven't seen in relation to a U.S. president since John F. Kennedy was assassinated in 1963. Coin collectors are well aware of the important change to U.S. coinage that occurred as a result of the strong emotional response to Kennedy's death. The Franklin Half Dollar, which had only been in circulation for 16 years, was quickly replaced by the Kennedy Half. Normally, a coin design was supposed to have been in use for at least 25 years before being replaced, but due to the strong public sentiment for Kennedy, the new Half Dollar was released into circulation within 3 months of the assassination! The 1964 Kennedy Halves were widely hoarded as mementos, and public demand was so strong that more than 429,000,000 of them were struck. This was a gigantic mintage for half dollars, which usually saw mintages well below 10% of this number. |
Obama coins hawked by Montel Williams a ripoff? Well... duh!
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Feb 16th 2009 One of the most physically painful TV moments in our lifetime was having to watch poor Montel Williams sell the last remainder of his soul for worthless Barack Obama commemorative coins. |