I think everyone would appreciate it if anyone who actually purchases these coins reports here after your credit card is charged whether or not your card is charged for a purchase or a cash advance. If I am understanding previous comments correctly, cards are not charged until shippment, and the coins are not yet ready for shipment. If this is true, whoever said the coins are charged as a purchase couldn't possibly know this as fact. All credit card terms and conditions that I have read indicate that obtaining cash or cash equivalents via credit card will cause the expense to be charged as an expensive cash advance.
The mint has been selling coins since before this thread was started.
Is it two boxes per customer/billing address or two boxes per credit card/shipping address?
It's two boxes per order. For this item, the US Mint currently has a limit per order, not a limit per household. So you can churn this deal many times if you wanted to, unless the product becomes unavailable or the Mint changes the terms unfavorably.
Except that some(most?) banks charge a fee if you bring coins that are more than "loose change" quantity to deposit. I forget how much, but if you bring in rolls and rolls of $1 coins, they have some sort of fee to deposit it. Yeah, I couldn't believe it myself the one time years ago I tried to turn in like just 3-5 rolls of some coin (forgot which). I said "you're charging me money to deposit legal tender US money in your bank?". The woman let me do it "the one time" without a fee. Apparently a lot of coin money isn't "real money" they want to deal with.
My bank (formerly CalFed, now Citibank) does not charge me for depositing rolled coins. Maybe because it's a business account... or I have several accounts there (or I've been there for over 20 years), I dunno. But I deposit several hundred $$ per month in quarters. They also supply the paper rolls for free, I just roll them up. They require the account number to be written on the roll (I just hit it with my endorsement stamp).
BTW, thanks OP, I just ordered two boxes.
My only issue is the delivery date... without knowing exactly, I hope I'm home when they come! The estimated ship date is 7/2; the estimated delivery time is 1-2 weeks. Does that mean from the time of order, or the time of shipment??
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My bank (formerly CalFed, now Citibank) does not charge me for depositing rolled coins. Maybe because it's a business account... or I have several accounts there (or I've been there for over 20 years), I dunno. But I deposit several hundred $$ per month in quarters. They also supply the paper rolls for free, I just roll them up. They require the account number to be written on the roll (I just hit it with my endorsement stamp).
BTW, thanks OP, I just ordered two boxes.
My only issue is the delivery date... without knowing exactly, I hope I'm home when they come! The estimated ship date is 7/2; the estimated delivery time is 1-2 weeks. Does that mean from the time of order, or the time of shipment??
Good call on that, i can just imagine $1000 in coins sitting on my door step. Anyone been able to see who will be delivering it?
I can only get the John Quincy coins to come up, anyone have a link for the other 5? I can't seem to find it anywhere
According to the FAQ, Unmixed coins will be available to banks, credit unions, and thrift institutions for six weeks, beginning two weeks prior to a coin’s release date and continuing for four weeks after the release date.
If this new program for the public works the same way, then the prior releases are no longer available for order.
It's two boxes per order. For this item, the US Mint currently has a limit per order, not a limit per household. So you can churn this deal many times if you wanted to, unless the product becomes unavailable or the Mint changes the terms unfavorably.
If by churning, you mean ordering 2 boes every few days, I don't think so. The limit, if I read the Mint's Press Release correctly is 2 boxes per customer every 3 months.
"Customers may order up to 500 $1 coins (two boxes) within any given Presidential $1 Coin issuance period."
The issueance period is 1 coin every every 3 months. But I see no reason my wife, mother and myself can't order a box each 3 months.
Also, the program will end at the first living President, currently Jimmy Carter. So, if Carter is alive after the Gerald Ford Dollar is issued in 2016, the program ends and there will be no Ronald Reagan coin.
My bank allows you to deposit a small amount of change each day. I don't see why I cant go every few days and depostit 5-15 dollar coins -- but I cant say with certainty how much I can deposit each day.
Others have said the coins are good for tips. I agree, I have used them in airports to tip luggage handlers or skycaps, though I have to frequently explain to them that it is a $1 coin.
My best use for the $1 coin is paying a toll at a bridge, tunnel or turnpike. IMO, I think the toll collectors sometimes prefer the $1 coin. I've never gotten any kind of negative response when I hand them several $1 coins.
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Quote:
Originally Posted by imasosec
Others have said the coins are good for tips. I agree, I have used them in airports to tip luggage handlers or skycaps, though I have to frequently explain to them that it is a $1 coin.
My best use for the $1 coin is paying a toll at a bridge, tunnel or turnpike. IMO, I think the toll collectors sometimes prefer the $1 coin. I've never gotten any kind of negative response when I hand them several $1 coins.
strip clubs make the most sense...
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You're right, but I didn't want to revisit an older OT post to correct my stupidity. It was something weird (to me) and was actually a $2 bill. I'm going to the recycling again tomorrow and will report back.
A $2 bill is real, interesting enough. I've got a couple , in fact I bought a few sheets of uncut $2 bills back when the US Treasury was selling them as novelty gifts (of course they cost more than the $2 bills on the sheet). Not sure if they are still doing that. I don't think banks stock $2 bills or anything like that, but they turn up here and there.
A $2 bill is real, interesting enough. I've got a couple , in fact I bought a few sheets of uncut $2 bills back when the US Treasury was selling them as novelty gifts (of course they cost more than the $2 bills on the sheet). Not sure if they are still doing that. I don't think banks stock $2 bills or anything like that, but they turn up here and there.
I get $2 bills from my bank (they order them for me). Quite useful in fact.
, in fact I bought a few sheets of uncut $2 bills back when the US Treasury was selling them as novelty gifts (of course they cost more than the $2 bills on the sheet). Not sure if they are still doing that. I don't think banks stock $2 bills or anything like that, but they turn up here and there.
