'Glorious full colour' Obama coins are no more than mementos, says expert.Byline: ANI Chicago, Dec 26 (ANI): Painted 'Obama Coins', currently being promoted as 'genuine' U.S. Inaugural Presidential Dollar showing a coloured picture of President-elect Barack Obama, are nothing more than mementos with little resale value to coin collectors, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a coin-collecting expert. The TV ads claim that the coins featuring Obama in "glorious full colour" can be grabbed for 9.95 dollars, plus shipping and handling. But, a coin-collecting expert ha said the gold-dipped, painted coins are nothing more than a trinket, and the U.S. Mint, the only official purveyor (World-Wide Web) Purveyor - A World-Wide Web server for Windows NT and Windows 95 (when available). http://process.com/. E-mail: <info@process.com>. of U.S. currency has cautioned buyers not to be tricked by such fake coins. "They are worth the face value of the coin. If the coin says 25 cents, it's worth a quarter," the Chicago Sun-Times This article is about the Chicago newspaper. For the Canadian newspaper, see Owen Sound Sun Times. The Chicago Sun-Times is an American daily newspaper published in Chicago. quoted Scott Travers, author of the Coin Collector's Survival Manual and a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. coin dealer, as saying. Last month, the U.S. Mint issued a warning that the heavily advertised commemorative coins, which are produced by many private companies, are not official U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. products. Mint spokesman Michael White said that altering coins with stickers, plating or colours is not considered illegal as long as the company doesn't intend to pass them off as currency or use them as advertising. He said: "Our concern here is that it's confusing to consumers," who may think the coins are official government products. The New England Mint, a Connecticut company, which advertised the "uncirculated un·cir·cu·lat·ed adj. Not circulated or in circulation; not moving around or flowing freely: uncirculated coins; uncirculated air. U.S. Presidential Dollars" as "limited edition" coins on TV and on the Internet, was unavailable for comment on the issue. The Professional Numismatists Guild, a non-profit organization of rare-coin dealers, also advised consumers that the recently offered Obama coins are merely mementos with little resale value to coin collectors. According to Travers, colouring and plating coins ruins the collector value and that collectors prefer pristine coins. He added that the Obama coin "is purely a souvenir, and it's not an investment." (ANI) Copyright 2008 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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