Barack Obama Coin Buyers Beware

barack-obama-coinsCommemorative Barack Obama coins have been popping up everywhere since the new president was sworn in to office.  Millions of dollars will be spent on these coins by admirers of the new president, and those thinking there new commemorative coins will be worth something someday.  Don’t be fooled! Barack Obama coins will be nice keepsakes to have, but that’s about it.

The United States mint and the Professional Numismatics Guild have warned consumers about the coins.  They should be thought of as keepsakes, and nothing more.  If this is your goal, then by all means, these coins offer sentimental value for the times we live in.  Investors should stay away.

If you plan on buying a lot of these as an investment, you’ll probably be paying much more than they are worth now, and don’t expect them to go up in value.  From a numismatic perspective the coins are worthless.

Unfortunately, many believe that these coins are going to be a good investment.  It’s a shady marketing scheme which plays on the emotions of unwary consumers, that don’t recognize the downfall of what they’re buying.

So if you’re thinking about buying a Barack Obama coin is an investment.  Think twice!

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