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Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping

Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping

Old Jun 12, 2008, 9:55 pm
  #16  
Formerly known as fsa_ea
 
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Originally Posted by cepheid
Hmm, only 200 boxes to get lifetime Gold on AA... who'll be the next PresidentialCoinGuy?

(I use cash so rarely that this would only be worthwhile for me if I just deposited them at the bank, which not only goes against the spirit of the program, but is also just a major pain in the butt... not to mention that the most I'd make out of it would be 1.5%, which isn't worth the hassle of schlepping coins to the bank.)

That would be 2,000 boxes!

My bank is right next to my work, so it's well worth the trouble, especially since it applies to lifetime miles!
The Mileage Millionaire is offline  
Old Jun 12, 2008, 10:02 pm
  #17  
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Originally Posted by HeHateY
Right now, there are only 8 Presidential $1 coins issued.
No, only six so far.

Originally Posted by HeHateY
A president has to be no longer living to have the coin issued.
I believe it's a little more than that. IIRC, the president must have been dead for a period of time (two years?) before they'll release the coin.

Originally Posted by HeHateY
it is possible that one or more of the currently living four may not live to 2016, but this still means only 86 boxes available at most in 2016
If more than one dies before 2014, the coins will run into 2017. They don't list a release date for Reagan just because they don't know if he'll be the Q3 release (if Carter survives) or the Q4 release (if he doesn't).

Since I'm a bit of a collector, this is nice just because sometimes the convenient banks don't seem to have the coins.
mahasamatman is offline  
Old Jun 12, 2008, 10:05 pm
  #18  
 
Join Date: Mar 2007
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Originally Posted by azmmza
i just ordered $500
it will be interesting when i walk into the bank to make a deposit with 2 boxes of coins
Be careful. Some banks are now charging customers who deposit coins, especially large amounts.
Sarah DDS is offline  
Old Jun 12, 2008, 10:13 pm
  #19  
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Originally Posted by Sarah DDS
Some banks are now charging customers who deposit coins, especially large amounts.
Any reputable ones? If they're rolled, they shouldn't charge even for pennies.
mahasamatman is offline  
Old Jun 12, 2008, 10:19 pm
  #20  
 
Join Date: Oct 2003
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Just bought $500 of Quincy....
now to look for other presidents.

Seems a bit of work for 500 SPG points,
but, hey, that will buy a nice buffet breakfast next time !

...And reminds me of days when you could charge US Bonds to the AMEX !

Thanks much to the OP.
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Old Jun 12, 2008, 10:20 pm
  #21  
 
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Originally Posted by HeHateY
"Orders are limited to two boxes ($500) per President."
Sure, but how are they limiting this? Per person, per household, per credit card? If per person, then you can order 2 boxes per member of your household... if per household, you can send one order to your work address, perhaps. But yes, it could be a bit difficult to get too many boxes.

Originally Posted by fsa_ea
That would be 2,000 boxes!
Er... whoops! I guess I misplaced a factor of 10 somewhere. Sorry!

Even if the bank were right next door to me, I don't think it'd really be worth my hassle... 2 boxes @ $500 * 1.5% = $7.50. While certainly every penny counts for me, as a starving graduate student, there's a limit to my free time. Maybe if I could get 3% or 5% out of it, I'd think it's more worthwhile, but since the Mint doesn't fall under any of the "special categories" for any of my credit cards, 1.5% is the best return I'd get. (I'm not counting any float from depositing the $500 into an interest-bearing account for the month grace period before I'd have to pay the CC bill... even at 4% APY, that float is worth only 0.33% = $1.67.)

That said, for those of you who want to do it... have at it.

In fact, I'm quite surprised we haven't heard from Marathon Man yet...
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Old Jun 12, 2008, 10:28 pm
  #22  
 
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Very Interesting

I just placed my order. A painless way to get miles. Thanks!
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Old Jun 12, 2008, 11:11 pm
  #23  
 
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If you value points at 8-10 CPM (J/F fares) and have a good card earning 1.5, then this is 15% ROI which is quite good too bad I live in Canada!
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Old Jun 13, 2008, 12:32 am
  #24  
 
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Originally Posted by MrHalliday
...And reminds me of days when you could charge US Bonds to the AMEX !
:-: Those were the days! :-:

I still have the 2 $5,000 savings bonds that I purchased back in 2002/2003, the DL miles I earned having long been spent on a memorable AF Concorde trip.

I didn't plan to hold the bonds this long, but with the crash of the Internet and housing bubbles, those savings bonds (worth only about $12-13K now) weren't such a bad addition to my portfolio after all.
mikew99 is online now  
Old Jun 13, 2008, 12:44 am
  #25  
 
Join Date: Oct 2004
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Originally Posted by HeHateY
Unfortunately:

"Orders are limited to two boxes ($500) per President."

)
True, but I don't see a limit on the number of orders.
chuckd is offline  
Old Jun 13, 2008, 1:44 am
  #26  
 
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In for 2 boxes.

Anyone seing any other $1 coins avail for other than John Quincy Adams?
Click here to view larger image
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Old Jun 13, 2008, 1:52 am
  #27  
 
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If you go back to the product page and add more of the same item, you don't get the error message.
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Old Jun 13, 2008, 2:03 am
  #28  
 
Join Date: Mar 2007
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A scheme to exchange real currency for equally real currency in order to earn fake currency. Brilliant!
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Old Jun 13, 2008, 2:57 am
  #29  
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Originally Posted by chuckd
True, but I don't see a limit on the number of orders.
It's two boxes total per President, not two boxes per order.
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Old Jun 13, 2008, 2:58 am
  #30  
 
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Hmmm, tempting and I'll do one order, but is there a chance of getting "done" for money laundering?
jabrams72 is offline  

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