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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 Dec 14, 09, 1:11 pm
  #6901  
 
Join Date: Apr 1999
Location: Northport, NY
Posts: 1,673
Originally Posted by aua868s View Post
Mint is aware of it and has taken a firm initiative on it. Stop it or face the music...see link below

http://www.latimes.com/business/la-f...0,193113.story
What music? Do you expect a visit from Treasury agents?
Schutzee is offline  
Old Dec 14, 09, 1:18 pm
  #6902  
 
Join Date: Nov 2005
Location: Des Moines
Programs: AA Platinum, Marriott Gold
Posts: 186
changed/deleted wording

It is also interesting that there is no longer the 'warning' about the purchase possibly not accruing credit card miles or that the purchase may count as a 'cash equivalent' purchase. I don't see anything that may indicate the purchase of the coins wouldn't earn full credit card miles/bonuses.........

Last edited by miller4isu; Dec 14, 09 at 1:19 pm Reason: spelling
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Old Dec 14, 09, 1:29 pm
  #6903  
Original Member
 
Join Date: May 1998
Posts: 1,111
Originally Posted by miller4isu View Post
It is also interesting that there is no longer the 'warning' about the purchase possibly not accruing credit card miles or that the purchase may count as a 'cash equivalent' purchase. I don't see anything that may indicate the purchase of the coins wouldn't earn full credit card miles/bonuses.........
Good point. I'm skeptical that the Mint is set up to run Cash Advance transactions. For what it is worth, the amount I purchased last night did not reduce my Cash Advance limit on Amex. Hopefully, this deal will stay alive for the FT and FW communities and the Mint will use language to scare off the casual user who reads about it in the paper.
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Old Dec 14, 09, 2:45 pm
  #6904  
 
Join Date: Jul 2009
Posts: 70
Originally Posted by ejs621 View Post
This was posted later by the same person:

FALSE ALARM. The two charges pertain to two other charges I had made around the same time. Keep the coins comming!

Cheers!
This was also posted on FW:

"From the "Credit Card Agreement" that came with my Schwab/FIA 2% Rewards VISA, pg 18:
"TRANSACTION FEE FINANCE CHARGES:
We will assess the following Transaction fees to your Account in the same balance category to which the transaction is posted ...
If you obtain a Cash Equivalent, we will assess a transaction fee (FINANCE CHARGE) equal to 3.00% of the US dollar amount of each such Cash Advance (Fee: Min $10.00)
That being said, I have made several purchase of Circulating coins from the US Mint using my Schwab VISA cc, and have never been charged a cash-equivalent or other fee. Also, I did receive the 2% rewards on those purchases as well."


Very interesting.

I placed a new order on Friday for 20 boxes of NA's and it was cancelled this morning. Perhaps they counted my previous purchases as having reached the 20 box limit already. I wasn't overly surprised with the cancellation. Waiting to see what 2010 brings us. Although I'm leaning more towards this deal being dead now.
chtrich is offline  
Old Dec 14, 09, 3:19 pm
  #6905  
 
Join Date: Dec 2005
Location: Hopefully on a plane...
Posts: 6,580
Nothing to see here...

Time to move on....
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Old Dec 14, 09, 4:15 pm
  #6906  
 
Join Date: Feb 2009
Location: SEA
Programs: Alaska MVPG 75K, IHG Ambassador, Hilton Diamond, Hyatt Explorist, Marriott Titanium
Posts: 1,643
Originally Posted by chtrich View Post
I placed a new order on Friday for 20 boxes of NA's and it was cancelled this morning. Perhaps they counted my previous purchases as having reached the 20 box limit already. I wasn't overly surprised with the cancellation. Waiting to see what 2010 brings us. Although I'm leaning more towards this deal being dead now.
That's interesting.... I haven't placed any new order for the NA as I am waiting for more reports about the cash equivalent, charge, etc. I am also wondering if my previous purchases count towards the 20-box limit.... Interesting to see how it develops.
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Old Dec 14, 09, 4:26 pm
  #6907  
Original Member
 
Join Date: May 1998
Posts: 1,111
Originally Posted by buschoi View Post
That's interesting.... I haven't placed any new order for the NA as I am waiting for more reports about the cash equivalent, charge, etc. I am also wondering if my previous purchases count towards the 20-box limit.... Interesting to see how it develops.
My order from last night is already in process. I have ordered lots of Native American coins within that account. As I posted earlier, the authorization is showing up on the credit card with no reduction of the cash advance line. I can't figure out the Mint's decisions & techniques regarding acceptance & rejections, either.
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Old Dec 14, 09, 4:27 pm
  #6908  
ned
 
Join Date: Nov 2002
Programs: MTD pass holder
Posts: 1,120
"I placed a new order on Friday for 20 boxes of NA's and it was cancelled this morning. Perhaps they counted my previous purchases as having reached the 20 box limit already. I wasn't overly surprised with the cancellation. Waiting to see what 2010 brings us. Although I'm leaning more towards this deal being dead now."

Ditto
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Old Dec 14, 09, 4:35 pm
  #6909  
 
Join Date: Aug 2009
Programs: Hyatt Globalist, SPG Gold, Hilton Gold
Posts: 104
Originally Posted by chtrich View Post

I placed a new order on Friday for 20 boxes of NA's and it was cancelled this morning. Perhaps they counted my previous purchases as having reached the 20 box limit already. I wasn't overly surprised with the cancellation. Waiting to see what 2010 brings us. Although I'm leaning more towards this deal being dead now.
Sounds like they're monitoring the orders more strictly now.

I also placed a couple of new orders Friday on two separate credit cards (one for 10 boxes of NA's and another for 8 boxes).

I have only used one of those credit cards to purchase NA's in the past, and all of those orders went to a different address. Despite trying a new address and a new credit card, both orders were cancelled this afternoon.
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Old Dec 14, 09, 6:47 pm
  #6910  
 
Join Date: Dec 2009
Posts: 9
I'm not sure if the deal is dead, but my Chase MC PerfectReward statement closed on the 12th and the presidents that shipped 12/10 received rebates as planned.
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Old Dec 14, 09, 7:40 pm
  #6911  
 
Join Date: Aug 2003
Location: Chicago
Posts: 79
Originally Posted by chtrich View Post
...I placed a new order on Friday for 20 boxes of NA's and it was cancelled this morning. Perhaps they counted my previous purchases as having reached the 20 box limit already. I wasn't overly surprised with the cancellation. Waiting to see what 2010 brings us. Although I'm leaning more towards this deal being dead now.
Sounds like you are on the naughty list
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Old Dec 14, 09, 8:44 pm
  #6912  
 
Join Date: Aug 2005
Programs: co,skymiles hilton a.a usair
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Originally Posted by leisure32 View Post
Sounds like you are on the naughty list
yes i think that to because i place an order on dec 11 and still say on stock and reserve and i did order more than that before
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Old Dec 14, 09, 10:30 pm
  #6913  
 
Join Date: Feb 2008
Location: MSP
Programs: DL-Polished Aluminum, Air Mobility Command-Chartreuse
Posts: 385
NA orders placed Friday...

were cancelled today. Both orders were for 10 boxes (needed the split spend). One order, for 20 boxes, still showing pending. Different buyers, different delivery addresses, but same billing address.

Even the Mint folks might appreciate this anecdote: during my most recent deposit one teller rushed over to my teller as we were finalizing the deposit. She asked if the coins were the $1 presidential... I paused, thinking, 'here we go...', she then smiled and said, 'Great! Hold $800 for me, there's someone coming in this afternoon and we don't have any in the vault .' I smiled.

Mission accomplished.
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Old Dec 14, 09, 10:42 pm
  #6914  
 
Join Date: Jan 2009
Programs: Spirit,AAdvantage,Onepass,WorldPerks
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Originally Posted by msp2anywhere View Post
were cancelled today. Both orders were for 10 boxes (needed the split spend). One order, for 20 boxes, still showing pending. Different buyers, different delivery addresses, but same billing address.

Even the Mint folks might appreciate this anecdote: during my most recent deposit one teller rushed over to my teller as we were finalizing the deposit. She asked if the coins were the $1 presidential... I paused, thinking, 'here we go...', she then smiled and said, 'Great! Hold $800 for me, there's someone coming in this afternoon and we don't have any in the vault .' I smiled.

Mission accomplished.
Now you coul order more and tell the mint how you use them
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Old Dec 14, 09, 10:47 pm
  #6915  
 
Join Date: Mar 2007
Location: California, SMF
Programs: UA, AA, AS, DL, BA, HA, WN, SPG-PL, Hyatt-Dia, HH-Dia, Marr-Pl, US Mint/VR(retired)
Posts: 938
Originally Posted by msp2anywhere View Post
during my most recent deposit one teller rushed over to my teller as we were finalizing the deposit. She asked if the coins were the $1 presidential... I paused, thinking, 'here we go...', she then smiled and said, 'Great! Hold $800 for me, there's someone coming in this afternoon and we don't have any in the vault .' I smiled.

Mission accomplished.
Thanks - I think we all appreciate that story. I feel a little better about myself and the fact that I'm NOT involved in a SCAM. All the banks need to do is post signs that dollar coins are available. When one of my employees received them as change from a hospital vending machine, she was sooo excited. When I started doing "the deal", I gave each employee a roll, to compensate for sending 1/2 of the shipments to the office. What we are forgetting is that many people actually DO want these things!

Also, I noticed the teller asked for "presidential" coins... I don't see the mint dumping (cough, cough - circulating) the mandated 20% of NA coins without "our" help.
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