FlyerTalk Forums - View Single Post - Anyone still using US Mint to accumulate points?
Old Sep 22, 2010 | 3:07 pm
  #37  
thehawk75
All eyes on you!
15 Years on Site
 
Join Date: May 2008
Programs: AA PLT 2MM
Posts: 2,026
Hey, it wasn't like I was stocking you. I actually entered a google search to flyertalk as follows:

"$2 bill" mint site:www.flyertalk.com

since I originally thought there was some sort of $2 bill scheme to be had, and your post about selling coins to each other back and forth came up.

I just found it funny that you said you weren't doing that when I had only moments earlier in my search for $2 bill conversations read that old post of yours.

What you describe with buying $2 bills with BCB would certainly be profitable. But, not to a huge degree. But, it doesn't have to be $2 bills. Any liquid asset will do. As far as bullion goes, I've been a buyer of the stuff for years, so, for the most part I used BCB to accumulate more when I could find a 'Buy it Now' auction to get it (significantly) under spot price (aka 'melt price', I place no value on the 'collectivity' of the coin, only the purity and weight).

Gift cards were also a good purchase, but, I never got into that.

Problem with BCB was eventually all the 'Buy it Now' auctions had the BCB factored into the price. Some sellers were literally bumping their price up, for example, by 25% and then providing instructions in their ad on how to get a 30% Bing Cashback. Net result the prices of most liquid assets being sold on ebay started to strongly correlate to the size of the cashback being offered at the time. In the end it started to become work to find a guy who was selling something that I could even get 'under priced' net of BCB.

BTW, as far as selling coins on ebay goes. I used to do that to

I'd list $2500 of natives and have a 'Buy it Now' for $2675. Buyer would net pay $2475 after BCB and I'd be able to pocket $60ish after fees. After payment was received and then transferred/delivered to my bank account, I would then take the buyers name and address, go to the mint's website, place an order for 10 boxes of natives and put the buyers info into the shipping address.

At any rate, kind of meandering off topic here, but, no argument from me, Bing Cashback at eBay was great; many many many options to come out ahead with it. Exceptionally nice when you stacked an eBay coupon in there, and then went through mrrebates (mrrebates/fatwallet/etc were all stackable with BCB if you activated BCB first). ^
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