This story can probably be repeated throughout this great land, but I saw this on STL TV last night.

Apparently, some dipshits have been buying up "commemorative" Obama coins to celebrate the era of Hope And Change. Predictably, these folks are being taken for a ride by scam artists.

Independent mints around the country began offering so called official commemorative coins before the president was sworn into office.

Sheila Forrest jumped at the chance to be one of the first to own an exclusive limited edition Obama coin.

Forrest explained, "We thought we had to have it like everybody else it was exciting so we wanted a piece of history."

Forrest's family has owned Afro World in Normandy for 39 years. She now sells all sorts of Obama souvenirs. But she thought the coins were an investment.

"This is it, and I'm quite disappointed of course, it wasn't what we expected to have received," explained Forrest.

Clay Teague is a money expert. He's not the kind that analyzes the Dow. But rather he's a numismatist, specializing in coins and currency at Scotsman Coin and Currency in Creve Coeur

Teague said, "It does seem like it's a scam." I would advise folks to stay away from it. If they want to get into something go to the U. S. Mint's website or research on their own but look into something that might actually have some value to it."

Forrest paid more than $35 for the coins with shipping and handling.

Posted by: eddiebear at 10:03 PM | Comments (3) | Add Comment
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