Expert: Dan Moore - 5/25/2009

Question
I received as a gift George W. Bush 2005 Inauguration Commemorative Cover Limited Edition  #4169 out of 25,000. It consists a 1992 29cent flag over the White House; 145 3 cent Texas Statehood stamp; 1964 5 cent Register and Vote Stamp plus George W Bush encased coin; General Colin Powell encased coin and General Schwarkoff encased coin.

What would the value of these items mentioned be currently?  and how long do I keep them until the value has matured enough to put up for sale?

Answer
Michelle,

Sorry but this is just some set of privately minted medals added to some common U.S. stamps, put into a fancy package, and sold to unknowing collectors using fancy advertising.  While the gift giver may have spent a lot of money on it, it really is not worth much.

The only value this has now, or will ever have, is if the medals contain precious metal like silver.  There is virtually no resale market for this, other than for any silver it may contain.

You need to check any certificates that may have come with it to see if there is any silver in the medals.  If so, you can figure the current value at about $14 per ounce of silver.  If not, you can figure the value at about $5 for the whole set as a novelty item.

Wish I had better news for you,

Dan