Pictured is the 39 mm silver medal/coin depicting presidential candidate Barack Obama now available from Vision Trading Partners for US$100.
Vision Trading Partners offers this piece as a tribute to Obama’s historic nomination as the Democratic candidate for president of the United States… Each historic Obama silver medal coin measures 39 millimeters in diameter and weighs one ounce of silver. All medals are deep cameo proofs struck by Sunshine Minting of Idaho.
The Professional Numismatists Guild (PNG) on Monday released an articulate statement cautioning that President-elect Barack Obama “Coins” are not rare investments.
In part, PNG President Gary Adkins said the following regarding the items,
Tip: CoinNews.net
WASHINGTON – The United States Mint has chosen four pilot cities to test new efforts to encourage regular use of the $1 Coin. A series of events at popular attractions and retailers, as well as television, radio, newspaper and online communications, seeks to make residents of Austin, Texas; Grand Rapids, Michigan; Portland, Oregon; and Charlotte, North Carolina, aware of the benefits of regularly using the $1 Coin. The campaign begins this month.
“This is the first program of its kind to inspire shoppers, diners and commuters to use $1 Coins in their normal, everyday activities,” said United States Mint Director Ed Moy. “When each of us spends the $1 Coin, we make a difference for our country, because the $1 Coin is durable and using it saves the Nation money. We hope our pilot cities lead the change!”
The $1 Coin lasts for decades and is 100 percent recyclable, so using it can save the country billions of dollars over the years.
The U.S. Mint has expanded their Circulating $1 Coin Direct Ship Program. This program makes it easy for retailers, financial institutions, and other interested parties to obtain smaller quantities of $1 coins than can otherwise be obtained from the Federal Reserve.
The $1 Coin Direct Ship Program provides individualized service to the financial community and other interested parties who wish to acquire $1 coins at face value in smaller quantities than currently available to financial institutions.
The circulating Presidential $1 Coins will be available in 25-coin rolls packaged in quantities of 10 rolls per box, priced at $250 face value. The coins will not be separated by mint mark. Customers may order up to 500 $1 coins (two boxes) within any given Presidential $1 Coin issuance period.
Originally started on 11 June 2008 the program was limited to John Quincy Adams dollar coins which quickly sold out.
On 21 August 2008 the program was expanded to include Presidential dollar coins for:
- George Washington
- John Adams
- Thomas Jefferson
- James Madison
- James Monroe
- John Quincy Adams
- Andrew Jackson
All are now sold out with the exception of Andrew Jackson who’s dollars coins are still available at face value. Get them while you can folks!
The United States Mint has announced the upcoming arrival of new Presidential $1 dollar coin products in May.
For some collectors, the announced offerings may come as a bit of a surprise since the Mint is pushing out an additional product as well as the next scheduled coin honoring U.S. Presidents.
They have, in fact, extended their Presidential product line and are spotlighting already released coins in new ways.
Presidential $1 Coin Historical Signature Set
The U.S. Mint had somewhat quietly released a new collection in April called the Presidential $1 Coin Historical Signature Set. It featured George Washington.
Source: CoinNews.net
