Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Jul 22, 2011, 4:37 pm
Join Date: Sep 2006
Programs: United: 1K
Posts: 390
Gol-durn media done did us in!
Seriously though, if the Mint was complaining about having too many excess coins on hand and not being able to get rid of them before, just wait and see how slowly they will be able to get rid of them now. For all of the faults of the card program, I guarantee more people were taking a few of those coins and spending them and the gas station, in vending machines, in addition to taking them to the bank. On the whole, more dollar coins were almost certainly circulated than will be now that they are harder for people to get direct shipped. Rather short-sighted and reactionary on the part of the Mint, if you ask me.
Seriously though, if the Mint was complaining about having too many excess coins on hand and not being able to get rid of them before, just wait and see how slowly they will be able to get rid of them now. For all of the faults of the card program, I guarantee more people were taking a few of those coins and spending them and the gas station, in vending machines, in addition to taking them to the bank. On the whole, more dollar coins were almost certainly circulated than will be now that they are harder for people to get direct shipped. Rather short-sighted and reactionary on the part of the Mint, if you ask me.
They also stopped making 1 billion $1 coins/yr and have better matched production to demand.
The only coins that are currently produced in quantity greater than demand are the NA coins, because Congress forces them to make too many of them. Those will pile up but in smaller amounts than in the past because they are making fewer Presidential coins at this point.
There really wasn't an infinite sized pie out there, there was a pie that was rapidly shrinking and the more people grabbing a slice the faster it shrunk. Now it's gone and the pie maker retired from the business.
Jul 22, 2011, 4:41 pm
Join Date: Dec 2004
Programs: UA-1K, MM, Hilton-Diamond, Marriott-Titanium
Posts: 4,432
I haven't rec'd an email yet on my order that is supposed to ship in a week. Should I figure that they just have not gotten to me yet or maybe they really will send them? This was good while it lasted and I did not abuse it (6K a year) IMHO I think too many abused it, drew attention to it and got it out in the public domain. Maybe we should have had a thread similiar to: "I promise NOT to call the airlines, etc etc mistake fares, etc etc" I promise not to tell the gen'l public about the mint!
Oh well, it was good while it lasted. I'm going to use other outlets to get minimum spend and points.
Oh well, it was good while it lasted. I'm going to use other outlets to get minimum spend and points.
Jul 22, 2011, 4:42 pm
Join Date: Dec 2009
Location: Between EWR & ABE
Programs: OnePass, AAdvantage, SkyMiles, PriorityClub, HHonors
Posts: 401
Actually, only paper money has to be accounted for in this way. Coinage is an exception and can be put into the money supply with no equivalent take out from the money supply. In short, coinage is newly created money, not replacement money. The sole cost to the government is that of producing and marketing, just like any other manufactured product.
Banknotes are essentially IOUs from the FED that we freely pass around from one to another. Kind of like a game of musical chairs. If the government collapses, those holding banknotes will be out of luck. Those with coins will likely still find they have something with some value.
Jul 22, 2011, 4:45 pm
FlyerTalk Evangelist
Join Date: Apr 2009
Location: Bye Delta
Programs: AA EXP, HH Diamond, IHG Plat, Hyatt Plat, Marriott Plat, Nat'l Exec Elite, Avis Presidents Club
Posts: 16,273
Per the email, you cannot purchase them online anymore. Only by phone or by mail.
Jul 22, 2011, 4:45 pm
Join Date: Oct 2008
Location: @konorth MI
Programs: UA 1K, DL Dia.,AA Plat, Hilton Dia,Bonvoy T
Posts: 317
Jul 22, 2011, 4:47 pm
Join Date: Sep 2007
Location: Purgatory
Programs: Too many to list. Status is a half dozen.
Posts: 9,235
Let's count how many times the text of the US Mint announcement is posted in this thread.
Jul 22, 2011, 4:48 pm
Join Date: Dec 2010
Posts: 1,310
another article:
http://www.businessinsider.com/us-mi...e-miles-2011-7
"One forum poster even directed the shipment of coins straight to the bank whom his mortgage was with, so he didn’t have to “hassle with hauling them over myself, because I have a bad back.”
@:-)
http://www.businessinsider.com/us-mi...e-miles-2011-7
"One forum poster even directed the shipment of coins straight to the bank whom his mortgage was with, so he didn’t have to “hassle with hauling them over myself, because I have a bad back.”
@:-)
Jul 22, 2011, 4:49 pm
Join Date: Sep 2006
Programs: United: 1K
Posts: 390
Jul 22, 2011, 4:49 pm
Join Date: Dec 2009
Location: Between EWR & ABE
Programs: OnePass, AAdvantage, SkyMiles, PriorityClub, HHonors
Posts: 401
Jul 22, 2011, 4:49 pm
FlyerTalk Evangelist
Join Date: Apr 2009
Location: Bye Delta
Programs: AA EXP, HH Diamond, IHG Plat, Hyatt Plat, Marriott Plat, Nat'l Exec Elite, Avis Presidents Club
Posts: 16,273
another article:
http://www.businessinsider.com/us-mi...e-miles-2011-7
"One forum poster even directed the shipment of coins straight to the bank whom his mortgage was with, so he didn’t have to “hassle with hauling them over myself, because I have a bad back.”
@:-)
http://www.businessinsider.com/us-mi...e-miles-2011-7
"One forum poster even directed the shipment of coins straight to the bank whom his mortgage was with, so he didn’t have to “hassle with hauling them over myself, because I have a bad back.”
@:-)
Jul 22, 2011, 4:51 pm
Join Date: Sep 2006
Programs: United: 1K
Posts: 390
Jul 22, 2011, 4:53 pm
Join Date: Nov 2010
Location: Washington, DC
Posts: 393
Email from the Mint I received 1 hour ago
Email from the Mint I received 1 hour ago:
If you currently have an open $1 coin Direct Ship order placed with the United States Mint, that order will be cancelled.
If you currently have an open $1 coin Direct Ship order placed with the United States Mint, that order will be cancelled.
Jul 22, 2011, 4:54 pm
Join Date: Dec 2010
Posts: 1,310
listen to jane liaw:
http://www.npr.org/player/v2/mediaPl...63&m=138616782
she refers to HERSELF as a travel hacker!
http://www.npr.org/player/v2/mediaPl...63&m=138616782
she refers to HERSELF as a travel hacker!
Jul 22, 2011, 4:55 pm
Join Date: Sep 2006
Programs: United: 1K
Posts: 390
Money order
Check
Wire transfer
There is no payment page. You either mail them a check or money order with your order form or you fax the order form and pay with a wire transfer.
Jul 22, 2011, 4:58 pm
Join Date: Dec 2009
Location: Between EWR & ABE
Programs: OnePass, AAdvantage, SkyMiles, PriorityClub, HHonors
Posts: 401
You can demand, but I am not forced to comply.
You're neglecting the cost of manufacture of the bills. There's also a difference in intrinsic value.
In the end, if I make $1 coins, the SS and TMen will be at my door to shut me down and take me away. Look at what happened to NORFED.