WOW! your kidding right?

seriously? how many of these kind of blackhole kind of investments are people going to invent?

ok you got my opinion...what say you?

here's a picture and the auctionit came from as proof that it's actually being listed to sell...

http://cgi.ebay.com/2009-1oz-Americ...iewItemQQptZCoins_Bullion?hash=item5ad5cf3e0d

 

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Now that is something I will never want in my stocking

EDITED to add: Your poll doesn't have a spot for my answer. I would NEVER buy this.

 

Well I'd pay $30 for it, exactly what I can get the coin by itself for, and not a penny more.

It's still a step above putting a sticker with Obama's picture on the front of Illinois and Hawaii quarters, if for no other reason than at least they're not messing with the coin.

As an investment? Er... well it will always be worth what an ounce of silver is worth. Wouldn't attach any value to the Obama sticker on the plastic holder. Maybe in a generation people will place a value on Obama memorabilia... but I've been able to get similar memorabilia for other presidents from as far back as Kennedy really cheap at garage sales, so I wouldn't place any bets that the Obama sticker will become significantly valuable in your lifetime.

If you can get this for what the coin by itself is worth, go for it I suppose. I don't want to make any political statements as whether future generations will want to remember Obama or not... but I rarely see political memorabilia become siginficantly valuable while the subject is still in living people's memories, so unless you want your great grandchildren to cash it in, I doubt this would make that great of an investment.

It's at $83 currently... forget that.

 

my thoughts are n't political I just think that the grade of barrack obama isn't up to par with what I want as I don't know what barrack obama is code for in the coin grading scale.
maybe if it comes out as to what grade a barrack obama is I could give a better idea as to the value of this...

to tmoneyeagles: yeah I actually had the 4 answer originally
No, I would rather throw my money into the firplace. but edited before I posted...

 

I'll tell ya, I wish I would have thought of the idea. There's a sucker born every minute and there's tons of ppl who will buy this coin. Me, for very cheap I would buy one. Like $22, nah maybe as much as $22.50.

Now one of you guys who is making a good living off of ebay and you have several rolls of ASE's here's your chance to jump on the band wagon and make some extra cash. Heck, there's nothing at all wrong with it. The market wants the coin and for slapping a fancy liberal label you can make some extra dollars. :thumb:

What y'all think?

 

Well as I understand it the coins are actually graded by PCGS as MS-70; the grade label is placed in the back of the slab rather than the front to allow them to put the Obama label on the front. I suppose they made a special request to PCGS to allow for such a thing.

Still I'd say this is worth exactly whatever a 2009 ASE graded MS-70 is worth, and not a penny more. The Obama sticker adds no value.

 

Heck, if you can find someone willing to pay a premium for an Obama sticker on the slab, go for it. Get whatever a buyer is willing to pay, that's good old-fashioned capitalism at work. Er... I really want to make a political statement about Obama and capitalism here but know I shouldn't lol... use your imagination.

 

Politics aside, what I don't like is the "History in your Hands" bit as well as serial numbers.

To the clueless, it implies there are only a very few and Obama actually held these coins or boxes of these coins or whatever. Otherwise, you could put anything with a 2009 date in a holder with a sticker and say it's "History in your hands"

 

I don't really care about the label, pro or con. I don't collect coins graded 70 because they are vastly overpriced for what you get compared to a 69. I checked the box that I would buy it at melt value, but in reality it's probably worth in the $23-24 range to me.

 

$83.25 ! Ha ha ha

 

"Buy the coin, not the slab." Buy the coin for melt (maybe even up to a $3 premium over melt) and crack it out of the slab. Done. No politics involved. It's a silly waste of time, money and materials to have put this coin in the slab as are all the various types of stickers used in TPG slabs that bear anything other than the TPGs grade and name.

 

I would just respond by saying that once the coin is purchased, it makes no sense to crack it out. The sticker adds no value, but the 70 designation probably does to many people. It saves no materials and takes more time to crack out than to leave alone.

 

Well I'm sure alot of us are "clueless" as I didn't get that from it at all. What I did get was, under this administration they discontinued the 2009 proof or Obama was serving as prez the year someone bought their 2009 unc. hya:

Or, better yet!! "you could put anything with a 2009 date in a holder with a sticker and say it's "History in your hands" hya:hya:hya:

 

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One might do nothing at all and waste-not time, money nor materials by turning away from this coin entirely. Instead one might go buy a bullion MS70 TPG graded / slabbed 2009 ASE in a non-offending slab, if that's the part that bothers a potential buyer. Just ignore this coin and find another that you like/want/need.

What I meant by 'silly' is that there are so many different little pictures printed on the background of various grading labels: those that are 'first strike', labels the TPGs allow only dealers who submit to get a special label for resale, and those labels the individual gets when submitting their coins. The picture on the label does little to indicate the specialness of the coin, but seems to be upsetting some people easily swayed by visual suggestion. It's rather misdirected attention here which is why you should 'buy the coin, not the slab.' in this instance.

I actually didn't want to get into any topically-sidestepping lengthy description over the slabbing of bullion coins (as it is discussed ad nauseum on CT) but yes it is MS70 graded and to some people this means something, even though it's a simple bullion coin. While there are no 2009 W Proof ASEs to be had nor "W" unc. versions, there are still +28 million 2009 unc. ASEs out there. There exists huge probability of a lot of high 'perfect' grades and opportunities to purchase one in a slab of your choice. If there's something about the slab a buyer doesn't like (not to mention the current price on this coin) then move along until you find one that suits you.

 

Krispy! I am surprised at you! did you ever think that a portion of the proceeds from the sales of this coin might be going to the new Obama health care plan! you dont want to be seen as un American do you! LOL

 

Well since he can bless coins with the touch of a box full of them and get his picture in there, I'm sure he can do something about health care too then whether one buys this coin or not. :whistle:

 

I voted yes,I'd buy for investing,LET ME EXPLAIN!!!

Money is money no matter who is on the package to me,If I found a good deal on some of these (below reg ase price) I would buy them and try to resell them at a profit,I know for a fact there's some fool out their who wants one,if they didn't sell,crack them out of the stupid package and put the ase's in the pile with the rest and throw the package in the trash.

I'm an equal opportunity money grubber!,and a cheap one to boot!

 

Why take a coins slabbed at MS70 and crack it out...that makes no sense.

 

Might not be what makes sense to you and me, but it might very well make perfect sense to someone out there who wants the coin or could buy it for a decent price (not this coin) but does not like the picture on the label and wishes to change that aspect, as I gathered was part of the bother to the OP, next to the issue of the price of this coin of course.

Also it may make sense to those people who don't care for slabs and regularly crack out their coins for a type-set or an album. Everyone has their own reasons and the price paid isn't necessarily enough to keep the coin in the slab to that sort of thinking. Choosing to crack a coin out isn't beyond the realm of reasons for obtaining any coin and doing away with the slab, picture, whatever is unwanted, and if the grade is accurate it doesn't change the true grade of the coin by removing the slab.

Like I said before if money and time/effort spent to re-holder isn't an issue, but a slabbed coin is what you 'want' minus the picture, then there's not much stopping someone from that approach as well.

Now the picture on the label doesn't bother me one way or the other. The grade is great, but a bullion coin slabbed is rather unnecessary at this point. I've already stated how much the coin in question is worth to me so there are plenty of reasons why this coin isn't worth this much attention. I'm more playing devils advocate here not suggesting the approach that ought to be followed. I hoped that was obvious.

Perhaps down the road if/when the ASE program has ceased entirely, then bullion ASEs might enjoy some improvement in status, collectibility for the higher grades and then people will finally accept slabbed bullion ASEs along with the collector versions, but it's a long, long way off in future generations. Now any such premium is not worth paying, despite the grade, especially with millions of these coins produced and huge numbers out there bearing high grades that one could submit themselves for grading/slabbing without the image.

There are plenty of ways to protect the coin of this grade without paying a TPG for their services or buying a marketed coin with a special picture that has nothing to do with adding value but everything to do with separating some people with their money. For me there's no point paying for such "special" labels as I am looking at the coin not the label.