Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Jun 24, 2010, 12:33 pm
#8941
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Greater DC
Programs: UA plus
Posts: 12,943
I was planning to get a Continental Mastercard and just order a boatload of these as I have a legitimate promotion for my business I can use to help circulate them.
Ive read several comments about new cards/accounts having problems...
is this something I will need to address with the CO Mastercard before I can spend $25k or so in just coins?
Thanks!
In case anyone is wondering I want to use the CO card for points for first class tickets and status...if you have a better suggestion please feel free to let me know!
Ive read several comments about new cards/accounts having problems...
is this something I will need to address with the CO Mastercard before I can spend $25k or so in just coins?
Thanks!
In case anyone is wondering I want to use the CO card for points for first class tickets and status...if you have a better suggestion please feel free to let me know!
Jun 24, 2010, 12:39 pm
#8942
Join Date: Jun 2010
Location: GNV,TPA, & HOU
Programs: Hertz Presidents Circle, National EE, Lots of Stupid CCs&The I Am Crazy Enough To Actually Pay For F
Posts: 357
anyone else please feel free to share your thoughts.
thanks again!
Jun 24, 2010, 12:49 pm
#8943
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
The Continental MC is issued by Chase. There have been reports that Chase has closed accounts where the card was used for coins. You need to make sure that you are using the card for a lot more than just coins.
Jun 24, 2010, 1:00 pm
#8944
Join Date: Dec 2004
Posts: 7,904
I'm well aware that the Fed & the Mint are two distinct entities. However, the objective of the Circulating $1 Coins program is not to make X number of of coins per year but to get them in circulation so that a 3rd distinct entitiy (the U.S. Bureau of Engraving) can save billions by ceasing to print $1 bills. Parking them in the Fed does not get them in circulation.
Jun 24, 2010, 1:01 pm
#8945
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,760
I'm well aware that the Fed & the Mint are two distinct entities. However, the objective of the Circulating $1 Coins program is not to make X number of of coins per year but to get them in circulation so that a 3rd distinct entitiy (the U.S. Bureau of Engraving) can save billions by ceasing to print $1 bills. Parking them in the Fed does not get them in circulation.
No matter any other mechanisms they tried would not achieve this goal despite the ever-so-slowly increased number of $1 coins used by the Public until the $1 bill is phrased out by LAW.
Jun 24, 2010, 1:17 pm
#8946
In Memoriam
Join Date: Feb 2000
Location: Easton, CT, USA
Programs: ua prem exec, Former hilton diamond
Posts: 31,801
deleted
Last edited by cordelli; Dec 23, 2010 at 2:11 pm
Jun 24, 2010, 2:11 pm
#8947
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: 945
I am curious who this other Pat is however...
...feel free to PM me.
Jun 24, 2010, 2:51 pm
#8948
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,032
Personally, I like the $1 coins better than bills. I use a credit card for everything that will take them. My only usual exceptions are toll roads, tips (mostly in the CO clubs) or my local 'ma kettle' pizza shop where I can get lunch for $4. I think it's much easier to carry around a roll of $25 in my bag than it is to carry a wad of singles or always ask places for singles.
As I've asked in the past: what constitutes "immediate bank deposit"? If they sit in my car for 12 hours, is that no longer immediate? 
I do find it pretty funny that on their page about the coins the mint has bolded
The immediate bank deposit of $1 Coins ordered through this Program does not result in their introduction into circulation and, therefore, does not comply with the intended purpose of the Program.
The immediate bank deposit of $1 Coins ordered through this Program does not result in their introduction into circulation and, therefore, does not comply with the intended purpose of the Program.
Jun 24, 2010, 4:52 pm
#8949
Join Date: Oct 2008
Location: Austin, TX
Programs: IHG Spire Elite, Marriott Titanium, AA Plat, WN A-List Preferred
Posts: 267
The whole idea of having individual consumers direct-buy coins to "get them into circulation" is absurd. The only way to get a type of currency to truly circulate like the mint wants is to convince retailers to give them as change.
I can take coins to Walmart, buy money orders to pay my rent, and I suppose that no one could question that I've circulated them. But Walmart is then just going to deposit them!!
Circulation really means that currency is used repeatedly between each pass through the bank, and no matter how we use the coins that isn't going to happen. Only retailers can make it happen.
I can take coins to Walmart, buy money orders to pay my rent, and I suppose that no one could question that I've circulated them. But Walmart is then just going to deposit them!!
Circulation really means that currency is used repeatedly between each pass through the bank, and no matter how we use the coins that isn't going to happen. Only retailers can make it happen.
Jun 24, 2010, 6:19 pm
#8950
FlyerTalk Evangelist
Join Date: Dec 2004
Location: MSP
Programs: Fallen Plats, ex-WN CP, DYKWIW; still a Hilton Diamond & Club Cholula™ R.I.P. Super Plats
Posts: 25,415
Jun 24, 2010, 6:21 pm
#8951
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: 945
Jun 24, 2010, 8:07 pm
#8952
Join Date: Mar 2006
Posts: 1,638
none of us is "parking" them at the fed, which certainly isn't vacuuming them up. it's who's sending them to the fed who is causing the problem.
this highlights both the problem and the reason that retailers really aren't the solution. at the end of each day, retailers deposit most of their cash (it's unwise and unsafe to keep too much in the store). so it comes back to the banks being unwilling to redistribute the coins they receive.
this highlights both the problem and the reason that retailers really aren't the solution. at the end of each day, retailers deposit most of their cash (it's unwise and unsafe to keep too much in the store). so it comes back to the banks being unwilling to redistribute the coins they receive.
Jun 24, 2010, 10:06 pm
#8953
Moderator: Avis and Rental Cars
Join Date: Oct 2006
Posts: 8,032
Has anyone had any luck with the Discover Secure Online Number? I'm thinking it might work to get a new credit card for every transaction, but I'm concerned that the # might not be valid if they "hold" the purchase for a few days before running it when the coins ship.
Jun 25, 2010, 4:49 am
#8954
Join Date: May 2009
Location: USA
Programs: UAL 1MM, Marriott Plat, Hyatt Globalist, AA 3MM
Posts: 831
Once the coins are shipped to us they are in circulation and will never be uncirculated again, no matter what we do with them.
Don't kid your self into thinking that using a few here and there will make any differance at all. As soon as the fed has too many on hand they will require the banks to use them. As long as they make them I am all to happy to help in the "circulation".
Don't kid your self into thinking that using a few here and there will make any differance at all. As soon as the fed has too many on hand they will require the banks to use them. As long as they make them I am all to happy to help in the "circulation".
Jun 25, 2010, 8:01 am
#8955
Join Date: Dec 2009
Location: BGM
Programs: HHonors Gold, Club Carlson Gold, Marriott Platinum, IHG Plat, Hyatt Plat
Posts: 771
To those of you who have used the e-gift certificates from the Mint....
Since the max certificate is $200, I assume that you can combine multiple certificates when ordering? So, could I buy 5 of them, and then use all 5 codes when checking out (or on the phone as it seems is necessary)?
I'm looking into this option because (as I detailed in a post in this thread sometime in March) AMEX is threatening to cancel my SPG card if I buy any more dollar coins from the Mint.
I'd appreciate any help you can give me! Thanks a lot!!
-Brian
Since the max certificate is $200, I assume that you can combine multiple certificates when ordering? So, could I buy 5 of them, and then use all 5 codes when checking out (or on the phone as it seems is necessary)?
I'm looking into this option because (as I detailed in a post in this thread sometime in March) AMEX is threatening to cancel my SPG card if I buy any more dollar coins from the Mint.
I'd appreciate any help you can give me! Thanks a lot!!
-Brian