Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Jul 19, 2011, 8:02 pm
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Everyone at that branch knows why I have all the coins, but I agree I don't like the publicity.As far as the bank teller being annoyed, you need to remind him that coins can't be put in an ATM envelope
Jul 19, 2011, 8:05 pm
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Jul 19, 2011, 8:15 pm
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Jul 19, 2011, 8:25 pm
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Jul 19, 2011, 8:28 pm
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Jul 19, 2011, 9:02 pm
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Sometimes, they hit me up for more money before the credit card transaction for the current one has cleared.
Jul 19, 2011, 9:26 pm
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Many ATMs have scanner capabilities but some don't.
How can you do a teller deposit without a slip? Many commercial customers use the check scanners to scan in checks but every client I have dealt with still uses deposit tickets for their cash deposits as well as clients who do teller deposits.
I have personal accounts at a couple banks and they all require deposit tickets.
How can you do a teller deposit without a slip? Many commercial customers use the check scanners to scan in checks but every client I have dealt with still uses deposit tickets for their cash deposits as well as clients who do teller deposits.
I have personal accounts at a couple banks and they all require deposit tickets.
Jul 19, 2011, 9:44 pm
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A branch of a major national bank today told me that they won't accept any more dollar coins from me, as she said the federal reserve is cracking down on them accepting unused/rolled coins. I was only depositing 1K of coins once a month or so at this branch. So I'll go to another branch until they complain, then close my account and start over elsewhere.
Jul 19, 2011, 9:59 pm
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That said-- All in all, I am not 100% sure what the OP's point was. You responded with something about how the coins are not dilutive, and that's all that I was replying to. I really wasn't trying to make a larger point -- just trying to correct what I perceived as an obfuscation or oversimplification.
Now, imagine that the direct ship program didn't include free shipping, and didn't include the ability to earn miles. Would anyone buy these coins? I feel 100% confident in saying that many fewer coins would be sold. The money that the Mint makes on seignorage would be substantially less, and yet M0 would still be increasing at the same rate.
Right?
Right?
Jul 19, 2011, 10:39 pm
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You are missing the economics part. You cannot mint 20 trillion of these coins without causing drastic inflation. Read my earlier post. There is no net addition to the money supply for the purposes of minting these coins. To make 20 trillion of them, there would be.
Your math insult is misplaced, and incorrect. The only correct argument you could have that it costs the government is storage space when the coins are returned.
Your math insult is misplaced, and incorrect. The only correct argument you could have that it costs the government is storage space when the coins are returned.
A measure of the money supply which combines any liquid or cash assets held within a central bank and the amount of physical currency circulating in the economy.
Jul 20, 2011, 4:39 am
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while reagan was, in fact, the least popular president in modern history based on actual polls, the presidential coin program is currently expected to end with his coin as it only honors dead presidents.
Jul 20, 2011, 5:35 am
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Sooner or later someone is going to post something in this thread based on fact. It just is not this time.
Jul 20, 2011, 6:52 am
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A branch of a major national bank today told me that they won't accept any more dollar coins from me, as she said the federal reserve is cracking down on them accepting unused/rolled coins. I was only depositing 1K of coins once a month or so at this branch. So I'll go to another branch until they complain, then close my account and start over elsewhere.
You can't go into a bank and demand all your change in $2 bills. Eventually, banks will have to stop honouring requests for all change to be in $1 bills.
Jul 20, 2011, 7:03 am
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Jul 20, 2011, 7:15 am
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