FlyerTalk Forums - View Single Post - Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Old Jun 24, 2011, 12:37 pm
  #15288  
Jimgotkp
 
Join Date: Oct 2009
Location: Somewhere over the rainbow
Programs: Airline Free Agent, Bonvoy Platinum, Hyatt Globalist
Posts: 3,811
Originally Posted by Libra7474
I am certain it has been discussed before, but please let me know. Even though the purpose of the coin buying program is to get the coins into circulation, there is no problem of simply depositing them into one's bank account? I placed an order of $500
There are problems to this:

1. Finding banks that will accept coin deposits of high amounts.

2. Credit Card companies that will do a Financial Review on your account and cancel cards due to excessive purchases of coins.

Of course these problems will only occur if you purchase A LOT of coins each month.
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