Originally Posted by TravelGuy1965
While e-bay values the anything points at $0.01 each they are really worth about $0.02+ each if you transfer them to AA miles though points.com through the end of the month (3 more days). There is an aniversary deal where the points are doubled (plus a 25% bonus if you sign up for a plus membership). I've got about 45k AA miles in the last month this way. I think they even count toward MM status when transferred.
There has been indepth discussions about what is the "real" value of a FF mile. For me and based on my spending I would say that it is closer to 1 cent than 2 cent per mile. I also don't want to "over" value them because of the documented usage problems lately on various airline forums.
I have, however, been positively surprised that I have been able to book the following FFN's so far:
2 nights Hyatt in New Oreans
3 nights at the Park Hyatt in Sydney
2 nights at the Park Hyatt SFO, 1 night at the Grand Hyatt SFO
2 nights at the Park Hyatt NYC, 1 night at the Grand Hyatt NYC