Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Sep 12, 2009, 9:06 pm
#4306
FlyerTalk Evangelist
Join Date: Sep 2002
Location: Between AUS, EWR, and YTO In a little twisty maze of airline seats, all alike.. but I wanna go home with the armadillo
Programs: CO, NW, & UA forum moderator emeritus
Posts: 35,432
Sep 12, 2009, 9:44 pm
#4307
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,033
In the past 3 weeks worth of deliveries, the order-ship time is anywhere from 2-10 days, typically 5, though. Add 1 day for shipping, unless it's over a weekend, obviously.
Also, the backorder date cannot be fully trusted. On 9/7, the backorder date was 9/22, but my order is "In Process." On 9/9, the backorder date was 9/15 and my two orders from that date are "In Process" and "On Hold." My previous backorder dates are also off, so we can only hope that the current 9/27 backorder date is an over-estimate.
Also, the backorder date cannot be fully trusted. On 9/7, the backorder date was 9/22, but my order is "In Process." On 9/9, the backorder date was 9/15 and my two orders from that date are "In Process" and "On Hold." My previous backorder dates are also off, so we can only hope that the current 9/27 backorder date is an over-estimate.
Sep 12, 2009, 10:43 pm
#4308
A FlyerTalk Posting Legend, Moderator, Information Desk, Ambassador, Alaska Airlines
Join Date: Dec 2006
Location: FAI
Programs: AS MVP Gold100K, AS 1MM, Maika`i Card, AGR, HH Gold, Hertz PC, Marriott Titanium LTG, CO, 7H, BA, 8E
Posts: 42,953
Wirelessly posted (BlackBerry9000/4.6.0.167 Profile/MIDP-2.0 Configuration/CLDC-1.1 VendorID/102 UP.Link/6.3.1.20.06.3.1.20.0)
I take them with me to use at all the small shops that don't take CC's... (ie- Hawaiian Plate Lunch stands) and its great for tolls (Used a ton in FL)
As to turn around... my most recent order was placed on 9/10/09 (Very early AM) and supposed to be on hold until 9/15/09.
Yesterday 9/11/09 the order went to "In Stock and Reserved" and my CC was charged with a temporary authorization... so it can be quite fast
- I expect the coins to ship Monday for a Tuesday arrival... less then a week to AK 
As to turn around... my most recent order was placed on 9/10/09 (Very early AM) and supposed to be on hold until 9/15/09.
Yesterday 9/11/09 the order went to "In Stock and Reserved" and my CC was charged with a temporary authorization... so it can be quite fast
- I expect the coins to ship Monday for a Tuesday arrival... less then a week to AK
Sep 13, 2009, 1:24 pm
#4309
FlyerTalk Evangelist
Join Date: Aug 2001
Location: Finally back in Boston after escaping from New York
Posts: 13,644
Mike
Sep 13, 2009, 1:54 pm
#4310
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,033
Correct. They don't have to take anything for a deposit, but for debts, they are required to take all legal tender, which coins are.
Sep 13, 2009, 3:41 pm
#4311
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
My US Bank branch takes the coins in the back, the teller unrolls them and sends them through the counting machine. I have offered to unroll and they refuse. Of course, I am doing small deposits ($500-1000 at a time to cover new card spend requirements rather than to get the points per dollar) rather than car loads at a time.
. Luckily I have other options.
Sep 13, 2009, 5:21 pm
#4312
Join Date: Jun 2005
Location: Chicago
Programs: UA, AA, US, DL, PC Plat, Dollar, Avis, National, SPG, HH Gold, CC Gold
Posts: 1,212
I must be just me - but, I don't understand the complaints about actually having to do some work in order to accumulate the number of miles that people are racking up with this endeavor. The miles are not costing us ANYTHING except a little time, and yet people are upset because they can't have coins dropped shipped directly to the bank or have to unroll their coins. Everyone lauds Pudding Guy, but go back and read what he actually did in order to accumulate his miles. Not only did he do some work, but also had other people help him. Pretty soon people will want to get miles just for thinking about them.
Last edited by balima; Sep 13, 2009 at 5:22 pm Reason: misspelling
Sep 13, 2009, 5:38 pm
#4313
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,475
Sep 13, 2009, 6:07 pm
#4314
FlyerTalk Evangelist
Join Date: Sep 2002
Location: Between AUS, EWR, and YTO In a little twisty maze of airline seats, all alike.. but I wanna go home with the armadillo
Programs: CO, NW, & UA forum moderator emeritus
Posts: 35,432
Thankfully, none of my banks have made me open any of the rolls I have deposited.
Sep 13, 2009, 9:03 pm
#4315
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
I don't mind doing work, but forcing customers to open each of the rolls is just stupid. The coins were rolled by the US Mint. They're almost certainly going to be rerolled after being sent off somewhere. What a waste of effort. I remember when banks wouldn't take coins without their being rolled. Thankfully, none of my banks have made me open any of the rolls I have deposited.
Thankfully, none of my banks have made me open any of the rolls I have deposited.
Sep 13, 2009, 9:10 pm
#4316
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 11,377
http://www.frbservices.org/operation...epositing.html
Sep 13, 2009, 9:31 pm
#4317
FlyerTalk Evangelist
Join Date: Sep 2002
Location: Between AUS, EWR, and YTO In a little twisty maze of airline seats, all alike.. but I wanna go home with the armadillo
Programs: CO, NW, & UA forum moderator emeritus
Posts: 35,432
I agree, but it may stem from the fact that they have to bag them to deposit them with the Fed ("the FRB does not accept wrapped coin")
http://www.frbservices.org/operation...epositing.html
http://www.frbservices.org/operation...epositing.html
My bank manages to deposit the rolls just fine. I've not seen them do it, but they tell me they just drop the rolls into the bags and send them off.
Sep 13, 2009, 10:06 pm
#4318
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,033
+1. By now, I'm using 3 banks and several branches at each. None of them unroll them anymore; they bag them in the rolls of $25 and ship them off.
Sep 14, 2009, 7:32 am
#4319
Join Date: Mar 2003
Location: Independence, MO USA
Programs: AA LT Gold & Marriott Gold
Posts: 275
I agree, but it may stem from the fact that they have to bag them to deposit them with the Fed ("the FRB does not accept wrapped coin")
http://www.frbservices.org/operation...epositing.html
http://www.frbservices.org/operation...epositing.html
Within this document are the NEW guidelines for how the banks are to prepare coin deposits for the Fed. It very plainly says, "The FRB does not accept wrapped coins." Therefore, if your bank doesn't keep the rolls on hand to circulate, someone will have to unroll the coins prior to them being shipped. The FRB coin deposit rules also state $1 coins are to be shipped to the Fed. with no more than $2,000 per bag. Hopefully the banks will accept the Mint rolled coin count as accurate; unroll them and place them in the bag without using the infamous mis-counting coin machines. Since these instructions are new, there may be a little delay until the banks get the word, but knowing the Fed. when they say Nov. 1 they mean Nov. 1.
This may not kill the deal, but it will definitely have an impact on some of the FTer's operations.
Sep 14, 2009, 7:44 am
#4320
FlyerTalk Evangelist
Join Date: Aug 2001
Location: Finally back in Boston after escaping from New York
Posts: 13,644
I have no problem unrolling them as long as I know the bank will give me an accurate count.
I followed one FT strategy of asking the bank for the best days to bring in the coins. They're happier.
Mike
I followed one FT strategy of asking the bank for the best days to bring in the coins. They're happier.
Mike