Commemorative Mints

[Russianwolf]

I'm a bit of a numismitist (sp?) or coin collector. And I'm always seeing ads for $20 commemorative coins by this Mint or that Mint (never the US Mint). Today I saw one for a $20 silver coin certificate in the shape of a dollor bill with the World Trade Center on one side and the $20 denomination being made up of 9 on one side and 11 on the other, for "the face value of only $20". Well, the thing I noticed was that this was not a US currency, but a Republic of Liberia Dollar. Doing a bit of research, the $20 RoL Dollar has the equivalent value of $0.31 round about. I have to call this deceptive marketing on several fronts. What says you guys?

I won't get into the whole , Why is the Republic of Liberia commemorating the 9-11 tragedy (which they simple are refering to as the world trade center tragedy, like the pentagon and Pensylvania planes didn't happen).

[MilDoc]

I won't get into the whole , Why is the Republic of Liberia commemorating the 9-11 tragedy (which they simple are refering to as the world trade center tragedy, like the pentagon and Pensylvania planes didn't happen).

Follow the $$$. They get US Dollars for "commemorative" garbage.

[dkerfoot]

On the other hand, it will actually be worth $7, as opposed to it being from the Franklin Mint or wherever...

Seems to me, that Warren Buffet probably doesn't put much credence in the "As Seen on TV" symbol when he is choosing investments. So to me, the question would be whether you would get $20 worth of pleasure from owning it. If so, buy it. If not, pass.

[LCHIEN]

private mints can strike what ever coins strike their fancy and say they worth any amount they choose to claim.

Whether or not you believe tham and whether they ever amount to any value as collector items depends on their age and scarcity (how many did they really make?) and whether or not they hit the public sentiment at that time in the future.

[gsmittle]

I like the fact it's .999 silver leaf, not solid silver. Even if it is Liberian legal tender, there's certainly not $20 worth of silver in a whole crate of them.

g.

[stormdog74]

If they have to advertise an "investment", then it is not much of an investment.

[Ed62]

Why is the Republic of Liberia commemorating the 9-11 tragedy

Your answer follows:

Follow the $$$. They get US Dollars for "commemorative" garbage.

Ed