Monday, July 13, 2009

Money & Business

Alpha Consumer by Kimberly Palmer

Why That Obama Victory Plate Isn't Worth Much

January 12, 2009 04:26 PM ET | Kimberly Palmer | Permanent Link | Print

You've probably seen the sappy ads for paraphernalia related to President-elect Barack Obama: Men and women gaze up at their Obama Victory plates, look deeply satisfied, and then go about their business.

Those plates may look harmless, but they're potentially a big waste of money. The Better Business Bureau has issued a warning about such memorabilia and says that posters, buttons, coins, and plates are unlikely to grow in value over time.

The Better Business Bureau says

"In order for memorabilia to become worth much money, it generally needs to be quite rare, unfortunately for Obama collectors, there is a glut of merchandise being sold nationwide," said Steve Cox, BBB spokesperson. "There's nothing wrong with buying a plate or a coin celebrating Barack Obama's inauguration, but consumers need to be aware that the value of the item might be purely sentimental."

While most of the memorabilia attached to the Inauguration of President-elect Obama are not worth much, it doesn't mean that everything is worthless. There are some items that might actually increase substantially in value. Experts believe that items associated with the President-elect's senatorial stint, for example, will be more sought after than items from the presidential race.

In other words: Buy the plate if you want to keep it, but don't plan on selling it for profit later.

Tags: personal finance

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Reader Comments

The Victory Plate

It's been 4 months now since I ordered the "victory plate." The money for two plates was withdrawn from my account. But I have not received the plates to date-5/07/09. Could this be a grand scam?

Reversal of the Obamole is not easily missed.

I noticed that very thing, and it's done in TV and movies quite often. Don't they know that viewers are all too aware of those lesions, hoping they won't show up at various angles? To see them reversed insults the intelligence of the observant viewer.

Barack Obama Face Reversed on Victory Plate

What's even worse than companies professing the Barack Obama Victory Plate will be worth something years from now, is that one company has his photographic likeness REVERSED on the plate. In other words, the mole on Barack Obama's face near his nose is shown on the LEFT side of his face on this plate, when in actuality it is on the right side. Daaaaaah. I wonder how many people have noticed that!

The company even claims to be the offical victory plate site:

http://www.victoryplate.com

Telebrands Customer Care

Historic Victory Plate

79 Two Bridges Road

Fairfield, NJ 07004

1-800-777-4034 (M-F 9:00 AM to 5:00 PM Eastern Standard Time)

This is pretty disturbing to me, if you are going to do something like this, do it right.

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Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Share with her your own money issues by sending questions to alphaconsumer@usnews.com.

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