USA Obama $50 Proof Gold Coin???

Discussion in 'Bullion Investing' started by mecha1166, Jan 2, 2011.

  1. mecha1166

    mecha1166 Junior Member

    eBay item: 3101696833892009 BARACK OBAMA JFK BUFFALO TRIBUTE PROOF GOLD COIN

    What the heck is this cr**? ???? I thought the Norfed guys got shut down and jailed for putting a dollar amount on a bullion coin????

    Here's another one on their website:
    [FONT=arial, helvetica]2006 $50 AMERICAN 24 KARAT GOLD PLATED CLAD BUFFALO COIN[/FONT]
     
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  3. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    It's all commemorative crap. Stay away from it.
     
  4. mecha1166

    mecha1166 Junior Member

    Yep it is crap. I know, but the Norfed dollars had $ amount on it and those guys were shut down. How is the law different for them?
     
  5. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    Well the secret service will chase you on 33 double eagles or 64-D Peace dollars but not them.
     
  6. bigjohn56

    bigjohn56 Member

    Geez, this makes for a tough decision. I can't decide whether to pick up one of these gems or go with the Jefferson Penny that someone posted yesterday. However, in all honesty, after looking at the picture of that penny I don't think it is a very good likeness of George Jefferson at all.
     
  7. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    ++++++111111
     
  8. Copper Head

    Copper Head Active Member

    It might bring a real premium if there was a Weezy bronze medal to go with it.
     
  9. quartertapper

    quartertapper Numismatist

    I'll wait for next year's Archie and Edith coins.
     
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Just another scam!! stay far far away!
     
  11. fatima

    fatima Junior Member

    There is this from the Alaska Mint. 1 oz gold. (not worth the premium if you ask me)

    [​IMG]
     
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Look,s like the Joker on the obverse!! wouldnt call that a very attractive coin either!!
     
  13. dreamer94

    dreamer94 Coin Collector

    Save your money for the Prince William and Kate Middleton royal wedding plate series.
     
  14. fatima

    fatima Junior Member

    If the Obama coin doesn't interest you, they sell this too. Also 1 Oz gold. (slightly less premium for some reason)

    [​IMG]
     
  15. mecha1166

    mecha1166 Junior Member

    Those are interesting, but the ones I posted say $50 and United States Of America, etc. If Norfed made those, they would be confiscated and the Norfed guys would go to jail. Why can the Merrick Mint produce coins with a denomination and not get shut down?
     
  16. treehugger

    treehugger Well-Known Member

    That Palin coin is a fake. Everyone knows the real coin reads "In Todd We Trust".
     
  17. dreamer94

    dreamer94 Coin Collector

    You can see Russia from the obverse of this coin!
     
  18. quartertapper

    quartertapper Numismatist

    I missed it somewhere. How much of the proceeds go to the 9/11 memorial?
     
  19. SilverCeder

    SilverCeder Active Member

    The Norfed guys got shut down because they came up with a system of circulation that actually worked and some people (coin dealers) could actually make money off the Norfed dollar if they used it instead of the US dollar. That frightened the fed a little I think.......
     
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