Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Mar 18, 10, 7:05 pm
#8236
Join Date: Mar 2008
Posts: 232
Originally Posted by AlohaDaveKennedy
7. Toll booths
8. Charity boxes in airports.
9. Buying goods in a Central American nation that uses dollars as currency
10. Table tips
8. Charity boxes in airports.
9. Buying goods in a Central American nation that uses dollars as currency
10. Table tips
... Not to mention the excess fees you'll have if you check-in $5,000 worth pf dollar coins into the plane.
Mar 18, 10, 8:40 pm
#8237
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 11,370
Originally Posted by olwagner
So, you get weird looks when you use US Dollars in the USA and you expect the coins to be readily accepted in Central America.
Mar 19, 10, 12:22 pm
#8238
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,818
Been There, Unloaded That
Not suggesting you carry 100 pounds of Pelosi Pennies on the plane. Just bring a bunch in the carry on. Found no problem assisting the mint with coin distribution in Nicaragua. So get your TACA card with the 20K signup bonus, look for the right flight, and head on down!
Originally Posted by olwagner
So, you get weird looks when you use US Dollars in the USA and you expect the coins to be readily accepted in Central America.
... Not to mention the excess fees you'll have if you check-in $5,000 worth pf dollar coins into the plane.
... Not to mention the excess fees you'll have if you check-in $5,000 worth pf dollar coins into the plane.
Mar 19, 10, 6:41 pm
#8239
Join Date: Dec 2009
Posts: 5
I was denied to deposit and then denied to purchase travelers checks
The N.C. State Employees Credit Union denied me the deposit of $1 coins today. Also, was denied the ability to purchase travelers checks.
Rather perplexed that they can deny me a transcation with legal tender! However, after contending with several "supervisors" they all ended with the same: Mr. Parsimonious, we will no longer be accepting $1 coins from YOU! I have requested this policy in writing, we'll see if they produce it.
Any advice?
Rather perplexed that they can deny me a transcation with legal tender! However, after contending with several "supervisors" they all ended with the same: Mr. Parsimonious, we will no longer be accepting $1 coins from YOU! I have requested this policy in writing, we'll see if they produce it.
Any advice?
Mar 19, 10, 7:02 pm
#8240
In memoriam
Join Date: Jan 2006
Posts: 4,020
Don't fight. Hang up and call back and talk to another rep. Ops, that's advice for calling customer service at Citi when you have a problem.
Why not just go elsewhere? You are very unlikely to win a battle like this with a credit union--and, why bother? Demanding a written policy from a credit union employee is unlikely to result in a good result here.
But, good luck.
PS If you read this thread (put aside several weeks) you would discover that they don't have to take your coins--legal tender or not.
Why not just go elsewhere? You are very unlikely to win a battle like this with a credit union--and, why bother? Demanding a written policy from a credit union employee is unlikely to result in a good result here.
But, good luck.
PS If you read this thread (put aside several weeks) you would discover that they don't have to take your coins--legal tender or not.
Mar 19, 10, 7:21 pm
#8241
Join Date: Feb 2006
Location: ORF
Programs: UA Silver, MR titanium
Posts: 1,882
Originally Posted by rodneywkr
The N.C. State Employees Credit Union denied me the deposit of $1 coins today. Also, was denied the ability to purchase travelers checks.
Rather perplexed that they can deny me a transcation with legal tender! However, after contending with several "supervisors" they all ended with the same: Mr. Parsimonious, we will no longer be accepting $1 coins from YOU! I have requested this policy in writing, we'll see if they produce it.
Any advice?
Rather perplexed that they can deny me a transcation with legal tender! However, after contending with several "supervisors" they all ended with the same: Mr. Parsimonious, we will no longer be accepting $1 coins from YOU! I have requested this policy in writing, we'll see if they produce it.
Any advice?
Mar 19, 10, 7:26 pm
#8242
Join Date: Dec 2009
Posts: 5
Originally Posted by yuel
I believe banks can deny anybody service, but it doesnt sound right, but what about opening or going to another bank just for this deposit purposes and possible getting miles for opening an account.
Mar 19, 10, 7:27 pm
#8243
Join Date: Feb 2009
Location: SEA
Programs: Alaska MVPG 75K, IHG Ambassador, Hilton Diamond, Hyatt Explorist, Marriott Titanium
Posts: 1,645
Originally Posted by rodneywkr
The N.C. State Employees Credit Union denied me the deposit of $1 coins today. Also, was denied the ability to purchase travelers checks.
Rather perplexed that they can deny me a transcation with legal tender! However, after contending with several "supervisors" they all ended with the same: Mr. Parsimonious, we will no longer be accepting $1 coins from YOU! I have requested this policy in writing, we'll see if they produce it.
Any advice?
Rather perplexed that they can deny me a transcation with legal tender! However, after contending with several "supervisors" they all ended with the same: Mr. Parsimonious, we will no longer be accepting $1 coins from YOU! I have requested this policy in writing, we'll see if they produce it.
Any advice?
Mar 19, 10, 7:33 pm
#8244
Moderator: Alaska Mileage Plan
Join Date: Feb 2005
Posts: 10,335
Originally Posted by rodneywkr
Rather perplexed that they can deny me a transcation with legal tender!
Originally Posted by yuel
I believe banks can deny anybody service
Mar 19, 10, 9:13 pm
#8245
Join Date: Dec 2009
Location: Los Angeles
Programs: Hyatt, SPG, Hilton, Choice, WN, AA, BA, UA, HA, Avis
Posts: 1,161
Ship To: *************
Date Shipped: 3/19/10
Amount Charged : 12000.00
Items included in this shipment:
2010 NATIVE AMERICAN $250 BOX $1 COINS (N04) Qty : 48
Car wash distribution program at my two Southern California locations continues to go pretty well, with rejection rates by customers remaining in the 30% to 40% range. Have not yet expanded to the Bay Area car washes because of the difficulty in getting the coins up there (I dont ship them direct to location).
Based on the last 2 months, I can move about $10k in coins every 4 weeks or so!
Date Shipped: 3/19/10
Amount Charged : 12000.00
Items included in this shipment:
2010 NATIVE AMERICAN $250 BOX $1 COINS (N04) Qty : 48
Car wash distribution program at my two Southern California locations continues to go pretty well, with rejection rates by customers remaining in the 30% to 40% range. Have not yet expanded to the Bay Area car washes because of the difficulty in getting the coins up there (I dont ship them direct to location).
Based on the last 2 months, I can move about $10k in coins every 4 weeks or so!
Mar 19, 10, 9:21 pm
#8246
Join Date: Dec 2009
Posts: 5
Originally Posted by buschoi
Why did they single you out? How much were you trying to deposit and how many times did you deposit at the same branch?
Mar 19, 10, 9:23 pm
#8247
Join Date: Dec 2009
Posts: 5
Originally Posted by dayone
No reason to be perplexed. Coins must be accepted as legal tender for debts and obligations. Purchases and deposits are at the discretion of the receiving party.
You are correct.
You are correct.
Mar 19, 10, 9:54 pm
#8248
Join Date: Sep 2009
Location: Austin TX
Programs: HH Dia, Hyatt Plat
Posts: 442
Originally Posted by rodneywkr
I asked if they would accept if I was making pmt on CC or mortg. and they said NO MATTER what they would not accept coins from me again! I was under the impression that they HAD to accpet if I was purchasing something. That was the premise for attempting to buy TC once I was denied the deposit
Depositing coins into account: They can refuse the deposit, they cannot however charge a fee for the deposit unless they disclose the fee in writing.
Making a purchase: They can refuse to accept payment in coins. Common practice, many places refuse to accept $50 and $100 dollar bills.
Paying a debt, CC or mortgage: They have to accept the coins as legal tender, however, they can make it painful by say counting each coin individually, etc.
Mar 19, 10, 10:22 pm
#8249
Join Date: Oct 2009
Location: LA
Programs: Hilton Diamond, SPG Gold, Delta Platinum Medallion, AAdvantage Platinum Pro
Posts: 600
Originally Posted by benmaller
I believe this has all been laid out before but to summarize:
Depositing coins into account: They can refuse the deposit, they cannot however charge a fee for the deposit unless they disclose the fee in writing.
Making a purchase: They can refuse to accept payment in coins. Common practice, many places refuse to accept $50 and $100 dollar bills.
Paying a debt, CC or mortgage: They have to accept the coins as legal tender, however, they can make it painful by say counting each coin individually, etc.
Depositing coins into account: They can refuse the deposit, they cannot however charge a fee for the deposit unless they disclose the fee in writing.
Making a purchase: They can refuse to accept payment in coins. Common practice, many places refuse to accept $50 and $100 dollar bills.
Paying a debt, CC or mortgage: They have to accept the coins as legal tender, however, they can make it painful by say counting each coin individually, etc.
Mar 19, 10, 10:29 pm
#8250
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 28,458
Originally Posted by rodneywkr
I did go to another bank and make the deposit.... However, I didn't think the bank could deny the purchase of TC's... these coins are legal tender, therefore how can they deny them?
Only when paying debts that any legal tender must be accepted.
