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Png Cautions: Obama "Coins" Not Rare Investments

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 Posted 12/01/2008  6:11 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list

Quote:
"If you like the subject theme represented by these coins, admire the beauty of the design or would like to own them as a souvenir or to show support for their particular cause, by all means buy them.

That's it. Expect these companies selling these to make a profit, not you. IMO, these are no different than those painted quarters. Junk.
swcoin.ecrater.com
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 Posted 12/01/2008  6:50 pm  Show Profile   Bookmark this reply Add haidee to your friends list
at least we have these kinds of advisories
Forum Dad
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 Posted 12/01/2008  7:05 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Yeah it's nice, Donn sends me all the releases as soon as they're available.
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 Posted 12/01/2008  7:25 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list

Quote:
at least we have these kinds of advisories

I agree. Most beginners just don't know what coins are good investments. Most "seasoned" collectors or dealers you'd think would know better. Hopefully!
swcoin.ecrater.com
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 Posted 12/01/2008  11:11 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
I was very glad to see that the PNG put out this warning.
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 Posted 12/02/2008  08:36 am  Show Profile   Bookmark this reply Add rggoodie to your friends list
Oh Darn

I was going to invest in 100 of these to secure my retirement


If you believe this I have stock for sale in two bridges I am building one is between Key West and Havana the other between Sydney and Auckland.

the bridge will be coated with a a fine layer of Gold paint
very collectible
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Forum Dad
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 Posted 12/02/2008  10:38 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list
Don't encourage him.
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 Posted 12/02/2008  10:54 am  Show Profile   Bookmark this reply Add jerryb to your friends list
Bobby.......don't forget.......they give you a genuine "Certificate of Authenticity".

It's amazing, when I had my retail storefront, how many people came in with this type of stuff to sell and I had to tell them the facts. I could always read their minds when then left: (i.e. "This guy ain't gonna cheat me. I know they are worth lots more than he said)."

Sure makes me sick when these companies ruin a good possible coin collector in marketing junk to them. But, fast buck Charlies will always be around in the collector/investment market. Sort of sad.

Oh! No offense to anyone named Charlie on here.
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 Posted 12/02/2008  11:41 am  Show Profile   Bookmark this reply Add FreezerBurn to your friends list
Isn't the PNG warning sort of "preaching to the choir"?

Most who buy this stuff are not numismatists or even somewhat educated collectors. I see this sort of advertising in our Sunday paper. What I don't see is a PNG ad saying this is over-priced junk and the buyer should be aware of what exactly they are buying.

Just a thought.
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 Posted 12/02/2008  12:47 pm  Show Profile   Bookmark this reply Add MINT_MARQ to your friends list
I have noticed the "Barack Obama Inaugural Dollar" banner ad on this website.

Anyone buying? It is "Layered in Genuine 24 Karat Gold"


I just hope it does not become a "Featured Auction", or the much anticipated "Coin of the week" Unless it is April 1st!



Edited by MINT_MARQ
12/02/2008 12:48 pm
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 Posted 12/02/2008  12:49 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
I have noticed the "Barack Obama Inaugural Dollar" banner ad on this website.


LOL, I marked it to be banned about 30 minutes ago, it takes an hour or 2 sometimes to kick it off though.
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 Posted 12/02/2008  1:00 pm  Show Profile   Bookmark this reply Add L1011 to your friends list
If you gave me one, I'd spend it quick ....LOL
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 Posted 12/02/2008  2:01 pm  Show Profile   Bookmark this reply Add MtnCoinMan to your friends list
<< Edited by Staff: This topic is about the coin, it's not for airing your views on Obama. >>
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 Posted 12/03/2008  03:54 am  Show Profile   Bookmark this reply Add mkman123 to your friends list
I think I will pass! :)
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