No matter what your thoughts are on the results of the 2008 presidential election, you cannot deny the buzz around products featuring images of president-elect Barack Obama.
Among the memorabilia are new coin products that depict Obama.
It is important to know that these new Barack Obama coins may be great items for the history buff, presidential student, or fan of the new president-elect, but these coins are not official legal-tender products of the United States Mint.
Coins such as the Barack Obama coin generally fall into the categories of "novelty coins" or "rounds."
Barack Obama Colorized Silver Eagle
Just the other evening, I happened to see a Home Shopping Network ad for a "2008 Obama Colorized Silver Eagle."
This coin is colorized and features an image of the new president-elect on the obverse of the coin.
On the reverse is an unaltered reverse bearing an eagle.
This coin, being sold for $49.95 on the Home Shopping Network website, makes a great addition for anybody enthusiastic about the new president-elect or those interested in presidential history, but beware that the only aspect of this coin that is an official U.S. Mint product is the original silver eagle itself. The colorized portions were added by a private party.
Barack Obama Gold and Silver Coins
Winston, Elizabeth, and Windsor, a private British minting company, has been producing and selling gold and silver coins bearing an image of Barack Obama.
The sterling silver version of the coin is being sold for £295 (about $465 right now) and is a full 60 millimeters in diameter.
Gold-plated Barack Obama coins are being sold for £35 (about $55), and for another £10 ($16), you can include a wooden presentation box.
Obama-Biden Colorized Coins
Collectible Shopping Network now offers on their website a 10-piece set of Illinois State Quarters featuring a colorized image of Barack Obama and vice-president-elect Joseph Biden.
These coin sets are currently selling for $99.95
Barack Obama One-Ounce Silver Coins
Vision Trading Partners of Las Vegas, Nevada is selling a one-ounce silver coin featuring a bust of Barack Obama on the obverse and an image of an eagle on the reverse.
This silver coin is struck by Sunshine Minting of Idaho and currently sells for $100.
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Lori,
I think you should go right ahead and purchase those coins, but do that because you want to enjoy the coins for their art, historic nature, or other reasons like that.
There is certainly the chance that some of these coins will be worth more in the coming years or decades, but do keep in mind that the market will likely be flooded with these pieces over the coming months. I am not saying these Obama coins will not be worth more in the future---they might be.
I think I would buy first for the enjoyment the coin brings you, and then if they wind up becoming more valuable in the coming years then that is simply icing on the cake!
The regular coins from presidentobamagoldcoins.com may prove to be worth something in 30-40 years.
The solid gold and silver coins will alter their value based on 2 factors. 1) the cost of gold and silver. 2) their collectible value in 30-40 years.
I have a question?!?! I know very little about coins, but really wanted to purchase the new Barack Obama coins. I ordered from Franklin Mint. But, after reading your article, I'm not sure that was a good idea. I want them for the historical aspect, but also was hoping they would be worth something later in life. I see several sites having them, but in many different styles. If the one from Franklin Mint isn't worth anything, which one's are? Please help. Thanks.