My only thought is who would buy them? Its basically a defaced coin. http://www.msnbc.msn.com/id/28538944/
"The New England Mint" Other than being worth just a dollar... I dunno. Are they just putting a sticker on it? Some people got really excited when Obama was elected and I'm sure this along with those commemorative plates are a result of that. So yeah. The plate people will buy it.
My mom. Makes a great.........Christmas........gift......?? :goof: Gag gift. It has CT contest written all over it. lol Maybe I'll tape a picture of myself on the other side. Maybe we've got it all wrong. Maybe this is a case where we need to use reverse psychology? Everybody thinks they're worthless so nobody will take care of them and save them, in the end resulting in high quality examples being rare?? Is my thinking too wishful? LOL!
hahahahahaha this does seem like a typical mom gift. "OOOh my son collects rare coins he will LOVE this"
Only problem with that is supply and demand. The supply is there, but I have to wonder about future demand. Anything is possible I guess.
I'm sure they will tone quite nicely. Better yet I'd like to see the look on the face of the person who trys to sell one 20 years from now and gets offered face value. Pretty good scam, $1 investment for the coin, maybe 25 cents for the sticker and sell it for ten bucks.
By the way, are such "painted" coins still legal tender in the US? Just wondering; here in Germany for example defacing coins is not unlawful either, except that (depending on the kind of alteration) they may lose their legal tender status, and even the central bank would not have to accept or exchange them any more. So what if I wanted to use such an Obama "piece" for a payment in a situation where the regular version (an unaltered presidential dollar) would have to be accepted? Christian
that's a good question. I have a feeling they'd be turned down...after being ridiculed. "seriously? what is this? a Pog?"
A few years ago the US Post Office issued "Elvis" stamps. One could glue an Elvis stamp onto a dollar coin and have an "Elvis Dollar". Hey guys, I thought of it first!
Yes they are. The only restriction for something like this is that the coin can not be spent again if the the sticker, counterstamp, etc advertises a commercial place or product. That was why they got in trouble a couple years ago then they put stickers on quarters advertising the Fantastic Four movie "The Silver Surfer" and then put them into circulation.
These "coins" aren't for coin collectors. They may market them like they are, but they are just an overpriced novelty item. If you ever went to a gift store at a tourist attraction, it's the same thing. The only difference is this item is made in America...for now.
Let's see.. How many of you have that coffee cup with "Grand Canyon" written on the side? Or the shot glass from a bar in Milwaukee? Or that T-Shirt from the Hard Rock Cafe? Were those items worth what you paid? Doubt it. We (coin collectors) seem to get our collective gander up over this. I really don't get it. We're just assuming that people are buying these up as investment vehicles rather than just maybe something they want to have... It's sad. We keep saying - "collect what you like". But apparently it's not a universal rule.
Ah, thanks for the information. Ten times face for an altered or defaced coin like that is IMO a little much ... but at least the piece has not been rendered entirely worthless then. Christian
