Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Jul 22, 2011, 1:58 pm
FlyerTalk Evangelist
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Jul 22, 2011, 2:01 pm
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From the Mint's site:
"As a self-funded agency, the United States Mint turns revenues beyond its operating expenses over to the General Fund of the Treasury"
The shipping, CC fees, and related overhead paid by the mint for the coin program increase operating expenses. Egro, decrease the amount of $$ that goes into the General Fund of the Treasury.
"As a self-funded agency, the United States Mint turns revenues beyond its operating expenses over to the General Fund of the Treasury"
The shipping, CC fees, and related overhead paid by the mint for the coin program increase operating expenses. Egro, decrease the amount of $$ that goes into the General Fund of the Treasury.
But since the revenue exceeds the expenses by a substantial amount and historically they've been unable to sell the coins any other way, the net result will be a decrease in the amount of money the US Mint sends to the General Fund.
Jul 22, 2011, 2:04 pm
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Jane Liaw's on Facebook too if anyone wants to swap award redemption tips. She seems to be quite the expert.
http://www.facebook.com/home.php#!/jane.liaw
(Edit: And she managed to grab the Aloft Austin deal too, bless her).
http://www.facebook.com/home.php#!/jane.liaw
(Edit: And she managed to grab the Aloft Austin deal too, bless her).
Jul 22, 2011, 2:06 pm
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A credit card program that was canceled by his bank shortly after he brought it up in another forum and also brought it to his bank's attention.
Could have been a coincidence or it could be another example of why you don't want to call and remind your bank that they have a 6% cash back card still floating around.
Could have been a coincidence or it could be another example of why you don't want to call and remind your bank that they have a 6% cash back card still floating around.
Jul 22, 2011, 2:06 pm
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Someone simply claims to "have a friend" who knows something and we're ready to give up? Come on. Buck up. If it makes you feel any better, I also have a friend who works at the mint and he said this other friend mentioned above is either imaginary or he's just pulling smata67's chain. (And pulling chains is obviously not too difficult in this thread 
.)
.)For the record before the posts can be retracted out, (or wiped it out from one's imaginary face)
Last edited by Happy; Jul 22, 2011 at 2:13 pm
Jul 22, 2011, 2:06 pm
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Jul 22, 2011, 2:06 pm
Join Date: Apr 2005
Location: LAX
Programs: UA Silver, AA, WN, DL
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As I said, it is a separate contentious matter to discuss when it comes to how much information is made available for the community.
I am not making a stand on whether this kind of information should be in the public or private community. I've posted airfare and hotel mistake fares (only a small percentage of FT'ers can lay that claim) and I've taken advantage of many mistakes and low fares by other members.
Jul 22, 2011, 2:11 pm
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Sounds like a good idea to me. I'd be happy to take the program over for them. Making 70 cents per coin profit would be good enough for me.
Jul 22, 2011, 2:12 pm
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Posts: 321
Deleted
Last edited by onlybeef42; Jul 22, 2011 at 2:16 pm Reason: Not Necessary
Jul 22, 2011, 2:14 pm
Join Date: Feb 2010
Posts: 321
Please don't take my post out of context... I am clearly addressing QL_714's question.
As I said, it is a separate contentious matter to discuss when it comes to how much information is made available for the community.
I am not making a stand on whether this kind of information should be in the public or private community. I've posted airfare and hotel mistake fares (only a small percentage of FT'ers can lay that claim) and I've taken advantage of many mistakes and low fares by other members.
As I said, it is a separate contentious matter to discuss when it comes to how much information is made available for the community.
I am not making a stand on whether this kind of information should be in the public or private community. I've posted airfare and hotel mistake fares (only a small percentage of FT'ers can lay that claim) and I've taken advantage of many mistakes and low fares by other members.
Jul 22, 2011, 2:15 pm
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Jul 22, 2011, 2:16 pm
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except that $49.5M in coins were coming back to them... and no, I'm pretty sure the banks didnt send the coins to the mint back for free.
Jul 22, 2011, 2:20 pm
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I'm still in shock. So sad.
$300,000 in coins (some via my businesses).
Over 800,000 in miles/points earned.
Not a bad run.
$300,000 in coins (some via my businesses).
Over 800,000 in miles/points earned.
Not a bad run.
Jul 22, 2011, 2:21 pm
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The US Mint doesn't buy or accept surplus coins from banks or anyone else. Though I think they will accept mutilated coins for the metal value only.
Jul 22, 2011, 2:21 pm
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Looks like it is over
This is from the USmint site:
Circulating $1 Coin Direct Ship Rolls
Adobe Acrobat Reader
The United States Mint has eliminated the credit and debit card purchase of $1 Coins through its Direct Ship Program effective July 22, 2011. Customers who wish to purchase $1 coins through the Direct Ship Program can still do so by wire transfer, check, or money order. Customers who wish to purchase the coins by wire transfer may fax their order to: (202)756-6585. Customers interested in purchasing by check or money order may do so by writing to:
United States Mint
PO Box 71192
Philadelphia, PA 19176-6192
Please download the order form and follow the instructions provided on the form. (Order Form).
The Mint has determined that this policy change is prudent due to ongoing activity by individuals purchasing $1 coins with credit cards, accumulating frequent flyer miles, and then returning coins to local banks. Local banks, in turn, returned coins to the Federal Reserve. While not illegal, this activity was a clear abuse and misuse of the program.
The Mint has undertaken several aggressive internal and external actions to mitigate this issue, including restricting chronic and repeated use of credit cards, contacting customers who frequently placed large numbers of orders to ensure they were using the coins for legitimate business purchases, and other measures. While these measures eliminated a significant amount of misuse in the program, we believe some abuse still exists. Eliminating the credit and debit card purchase of the $1 coin is the next step in our efforts to root out abuse in this program and ensure it is better targeted toward fulfilling its intended purpose—which is to get the $1 Coin into greater circulation.
Thank you for your understanding and your continued support of the $1 coin program.
The United States Mint
22 July 2011/12 pm
Circulating $1 Coin Direct Ship Rolls
Adobe Acrobat Reader
The United States Mint has eliminated the credit and debit card purchase of $1 Coins through its Direct Ship Program effective July 22, 2011. Customers who wish to purchase $1 coins through the Direct Ship Program can still do so by wire transfer, check, or money order. Customers who wish to purchase the coins by wire transfer may fax their order to: (202)756-6585. Customers interested in purchasing by check or money order may do so by writing to:
United States Mint
PO Box 71192
Philadelphia, PA 19176-6192
Please download the order form and follow the instructions provided on the form. (Order Form).
The Mint has determined that this policy change is prudent due to ongoing activity by individuals purchasing $1 coins with credit cards, accumulating frequent flyer miles, and then returning coins to local banks. Local banks, in turn, returned coins to the Federal Reserve. While not illegal, this activity was a clear abuse and misuse of the program.
The Mint has undertaken several aggressive internal and external actions to mitigate this issue, including restricting chronic and repeated use of credit cards, contacting customers who frequently placed large numbers of orders to ensure they were using the coins for legitimate business purchases, and other measures. While these measures eliminated a significant amount of misuse in the program, we believe some abuse still exists. Eliminating the credit and debit card purchase of the $1 coin is the next step in our efforts to root out abuse in this program and ensure it is better targeted toward fulfilling its intended purpose—which is to get the $1 Coin into greater circulation.
Thank you for your understanding and your continued support of the $1 coin program.
The United States Mint
22 July 2011/12 pm