Tuesday, December 11, 2007

Michael Vick Memorabilia

Michael Vick had one of the most promising careers in the National Football League ahead of him. He was the star quarterback for the Atlanta Falcons and the 2007 Draft brought plenty of young talent onto the team to spark a successful season. Little did they know that shortly before the season kicked-off, Vick would be turning himself in on charges of racketeering and drug use, as well as suspicion of lying about his involvement with the “Bad Newz Kennels” dog fighting operation. A case that has certainly affected the collectible value of his memorabilia. Vick was sentenced on Monday to 23 months in prison, which carries a possibility of being reduced by approximately 4 months if he shows good behavior. The real question on everyones' minds is if he will ever play pro ball again. His $130 million contract, once the richest in NFL history, is now suspended without pay, and all of his endorsement deals have been revoked. When asked about an indefinite suspension before the trial, NFL Commissioner Roger Goodell responded “That's a determination we'll make later on... when the legal process is closed.” Now that sentencing has occurred, the professional career of Michael Vick lies in Commissioner Goodell's hands. As for his authentic sports memorabilia, one could argue that the current value might be solely based on the whirlwind of media frenzy surrounding the case and only time will tell how this controversy will affect his overall worth. What are your thoughts?

One Hundred Million Pennies For Your Thoughts

As the old saying goes “A penny saved is a penny earned,” but the children of New York City took their coin collecting to a whole new level. Hundreds of thousands of city students representing more than 800 public schools in the area spent their weeks between October 22 and Thanksgiving collecting pennies door to door. The outcome is being displayed in Rockefeller Center near the famous Christmas tree.”The Penny Harvest Field” was designed by architect James Polshek and is approximately 30 feet by 165 feet, or roughly as long as a city block. The value of their collection is estimated at around $1 million, or 100 million pennies plus a few other coins that might have slipped in. The exhibit is the outcome of the 17th annual Penny Harvest hosted by the nonprofit organization Common Cents. Their national education program is designed to teach children about their contributions to society, and after the first of the year, the money will be donated to charitable organizations of the children's choice.