Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
May 24, 2009, 1:17 pm
#2266
Join Date: Jan 2007
Posts: 282
native american's
limit is 20 boxes while the presidents are limit 2 boxes.
limit is 20 boxes while the presidents are limit 2 boxes.
May 25, 2009, 11:27 am
#2267
Join Date: May 2009
Location: ORD
Programs: AA EXP
Posts: 235
How does everyone explain to the bank why they've got so many coins to deposit? I've only done it twice ($500 apiece), went to two different banks. First bank was fine, apparently someone else is doing it because they asked if I was the same guy that does this often. The second bank had a huge issue with it and acted like they weren't legal tender, and had to call Chase corporate to see if they could even accept them. They eventually did, but it was a hassle. I'd hate to order a couple thousand and go through something like that again; any advice to lessen my anxiety?
May 25, 2009, 11:32 am
#2268
Join Date: Dec 2007
Location: PDX
Programs: AA,DL,BA,UA,SPG, and any other free trip!
Posts: 1,803
How does everyone explain to the bank why they've got so many coins to deposit? I've only done it twice ($500 apiece), went to two different banks. First bank was fine, apparently someone else is doing it because they asked if I was the same guy that does this often. The second bank had a huge issue with it and acted like they weren't legal tender, and had to call Chase corporate to see if they could even accept them. They eventually did, but it was a hassle. I'd hate to order a couple thousand and go through something like that again; any advice to lessen my anxiety?
May 25, 2009, 11:48 am
#2269
Suspended
Join Date: May 2009
Posts: 80
Honesty is the best policy - just say to the bank you are earning airline miles or hotel points for making a purchase of these coins from the US Mint. The reaction will probably be "hey what a great idea - whats the website so I can do the same?"
May 25, 2009, 12:17 pm
#2270
Join Date: Dec 2007
Location: PDX
Programs: AA,DL,BA,UA,SPG, and any other free trip!
Posts: 1,803
Unfortunately in this case, that doesn't seem to be the best policy IME, ....I had one crusty Key Bank rep sigh at me saying these coins were meant for circulation , blah blah blah .....took a good 20 min to make a simple 10 min deposit.....I had to change my tune to march in this parade more efficiently....
May 25, 2009, 1:38 pm
#2271
Join Date: Sep 1999
Location: Charlotte, NC USA
Programs: AA EXP; Marriott Lifetime / Annual Titanium; Massively Missing Starwood
Posts: 5,338
unfortunately, this is the curse of the game....what I have been doing is gving them to friends (1 box) and asking them to give me cash, to which I go and of course deposit it, or spend it on my mistress....Also, my wife noted that (she used to work at a bank of America), if someone came in with that large deposit, anthing over $3,000 cash, gets noted to some govt agency, i.e I.R.S. ......especially now with all the big brother crap. My suggestion is you distribute it unequally with different branches in your hometown and even when you travel.
May 25, 2009, 1:49 pm
#2272
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,032
1. "I'm buying them from the mint at face value with free shipping for the airline miles on my credit card." or,
2. "I get bonus rewards with my credit card if I spend a specific amount each month. If I know I'll be short, I'll round up with the mint since they're sold at face value with free shipping."
The one teller at the Chase doesn't like me because she has to carry them to the back at the end of her shift. Everyone else (including managers) like the coins and "want in on the deal." I've explained to them how to do it and know of one employee who has done it so far!
May 25, 2009, 3:42 pm
#2273
Suspended
Join Date: May 2009
Posts: 80
Exactly my point - sure you are going to get the person who grumbles - but more than likely they will want to know more about "how you get the free miles".
May 26, 2009, 1:50 pm
#2274
Join Date: Jun 2006
Posts: 372
Stopped by Citibank this morning to deposit $1500. The teller seemed to be aware of the deal as he mentioned there was one customer who comes frequently with lots of dollar coins 
.
He asked me if I planning to circulate any coins to which I replied (truthfully) that I use them wherever I can.
He grumbled slightly about having to write down my account # on every roll(60 of them
), to which I suggested he take my boxes and just label the top of the boxes with my account #-which is what other Citibank seems to do.
. He asked me if I planning to circulate any coins to which I replied (truthfully) that I use them wherever I can.
He grumbled slightly about having to write down my account # on every roll(60 of them
), to which I suggested he take my boxes and just label the top of the boxes with my account #-which is what other Citibank seems to do.
May 26, 2009, 4:34 pm
#2275
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,032
Stopped by Citibank this morning to deposit $1500. The teller seemed to be aware of the deal as he mentioned there was one customer who comes frequently with lots of dollar coins .
He asked me if I planning to circulate any coins to which I replied (truthfully) that I use them wherever I can.
He grumbled slightly about having to write down my account # on every roll(60 of them), to which I suggested he take my boxes and just label the top of the boxes with my account #-which is what other Citibank seems to do.
. He asked me if I planning to circulate any coins to which I replied (truthfully) that I use them wherever I can.
He grumbled slightly about having to write down my account # on every roll(60 of them
), to which I suggested he take my boxes and just label the top of the boxes with my account #-which is what other Citibank seems to do.
May 26, 2009, 5:35 pm
#2276
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,041
At Wells Fargo, I put the number on a coin deposit bag once, and then up to $2000 inside the bag. Supposedly, the Fed actually counts them, and reports back to the bank if there's a problem.
May 26, 2009, 8:19 pm
#2277
Join Date: May 2009
Location: Raleigh, NC
Programs: Priority Club Plat Ambassador
Posts: 135
Recent Delays?
I've been getting some pretty consistent 5 day turnarounds from order to delivery with orders of $500 or more...but now my May 19th order (and subsequent orders) have not been shipped. Has anyone noticed recent delays?
May 26, 2009, 8:56 pm
#2278
Join Date: Apr 2006
Location: DFW/SEA
Programs: *A Silver, AA Gold + Miles Scattered Everywhere.
Posts: 2,045
yup. for some reason i got an email stating that one of my orders shipped last thursday night, but it wasnt actually picked up by UPS till tonight and will arrive tomorrow. it could just be because of the holiday weekend?
May 26, 2009, 9:01 pm
#2279
Join Date: Jan 2006
Location: NYC
Programs: DL PM, TSA Disparager Gold
Posts: 1,431
Same deal here. Its $2500, so I'm pretty eager to get them tomorrow.
May 26, 2009, 9:33 pm
#2280
Join Date: Feb 2009
Location: SEA
Programs: Alaska MVPG 100K, IHG Ambassador, Hilton Diamond, Hyatt Globalist, Marriott Titanium
Posts: 1,704
Recently I have been getting them shipped within 3 days, so I am just wondering... I have decided to wait longer though, since the one-week wait is still significantly shorter than some of those here who had been waiting for a few weeks before.