Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Manufactured Spending
Reload this Page >

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

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

Old Feb 14, 09, 1:14 pm
  #1471  
Moderator: Avis and Rental Cars
 
Join Date: Oct 2006
Programs: US Platinum, United 1k, HHonors Diamond, Avis CC, Priority Club Platinum, Marriott Gold
Posts: 7,706
I just got home last night and my $500 box was waiting for me. I took it to Wachovia this morning without issue. They lady was sorta confused, but obviously didn't want to ask any questions. She just said, "I must admit that you're the first person to bring me Mint rolls of the dollar coins." I told her that she'd probably be seeing a lot more of me in the future doing this. She had a perplexed look on her face as she finished up the transaction.

Since that went over without issue, I just put in a 20 box order. My wife is ready to kill me... she doesn't see the value of airline points, I guess (but she does love to use them).
IAHtraveler is offline  
Old Feb 14, 09, 2:00 pm
  #1472  
 
Join Date: Nov 2003
Location: Land of the Free
Programs: AA 1MM Plat, PC Plat RA, HHonors Gold, National EE
Posts: 1,440
Thanks for the tip, imasosec!

Since I previously bought 2 boxes of the NAs, I ordered up 18 more just now. This'll put me over the top for the 10k bonus after 10k spend in year two of one of my AA MCs.

I bet these puppies won't stay in stock for very long! Is this 20-box coin deal part of the Obama economic stimulus plan??
WonderDude is offline  
Old Feb 14, 09, 2:23 pm
  #1473  
 
Join Date: Jul 2008
Location: MKE
Programs: SPG Plat
Posts: 146
My order of NA's have been on hold for about a month also. I called last Monday and the csr said they shouldn't be on hold for that long and she will take care of it. Looks like I'll have to call again next Monday as it's still on hold!
Curious_George is offline  
Old Feb 14, 09, 2:27 pm
  #1474  
 
Join Date: Aug 2007
Programs: UA General
Posts: 334
I just went to Chase with $500 worth of coins. They first want me to break up the coins, then the machine showed there are only $498.55. I want to argue that their machine has problems, but there isn't any proof unless one is willing to count the coins one by one.

Kind of upset...is it Chase or US mint??
dreamfool is offline  
Old Feb 14, 09, 2:49 pm
  #1475  
In memoriam
 
Join Date: Jan 2006
Posts: 4,020
How can dollar coins come up as a number ending in 55 cents?

By the way, I have taken mint rolled coins to several banks and S&Ls. Nobody has ever asked me to unwrap the coins and there has never been any problem--except carrying those heavy, heavy boxes into the bank.

Last edited by biggestbopper; Feb 15, 09 at 1:59 am
biggestbopper is offline  
Old Feb 14, 09, 2:54 pm
  #1476  
 
Join Date: Aug 2007
Programs: UA General
Posts: 334
Exactly!

They said "there could be quarters that got rolled in there" (OS: I don't want to argue with you because obviously you don't know that you can't get 55 cents with dollars and quarters...)

I never liked Chase, and now I am fully disgusted by them.
dreamfool is offline  
Old Feb 14, 09, 4:42 pm
  #1477  
 
Join Date: Feb 2001
Location: Ann Arbor, Michigan
Programs: Airline Free Agent, Fairmont Lifetime Platinum, Hyatt Globalist, Hilton Honors Diamond
Posts: 2,882
waiting to pull the trigger on 18 boxes with any double miles/promo from any of my cards....any day now....
gpapadop is offline  
Old Feb 15, 09, 12:08 pm
  #1478  
 
Join Date: Apr 2000
Location: Fort Myers, FL
Programs: Hilton Gold, SPG & IHG Plat, & every airline program that I can join
Posts: 2,278
Not much of a promo, but I did get a mailing with a individual code from Citi AA card with 1.25 miles per dollar thru 4/30 and a bonus 5000 miles with $20K in spend thru 7/30/09. I use this card to get AA miles to move to Hilton in places that don't take the Hilton Amex. So if you are really bonkers on this deal then 20K in coins would equal 30,000 AA Miles or 60,000 Hilton points.
JudyJFLA



Originally Posted by gpapadop View Post
waiting to pull the trigger on 18 boxes with any double miles/promo from any of my cards....any day now....
JudyJFLA is offline  
Old Feb 15, 09, 12:17 pm
  #1479  
 
Join Date: May 2003
Programs: AA (1MM)
Posts: 1,766
Originally Posted by JudyJFLA View Post
Not much of a promo, but I did get a mailing with a individual code from Citi AA card with 1.25 miles per dollar thru 4/30 and a bonus 5000 miles with $20K in spend thru 7/30/09. I use this card to get AA miles to move to Hilton in places that don't take the Hilton Amex. So if you are really bonkers on this deal then 20K in coins would equal 30,000 AA Miles or 60,000 Hilton points.
JudyJFLA
Without some creative ways of "beating the system", a person has only had the opportunity to buy $8,500 of coins to date ($500 for 7 Presidents and $5,000 on the new Native American coin). Currently, you can't even order all 7 Presidents -- so a $20,000 spend seems to be out of reach on this program for the moment.
ExitRowAisle is offline  
Old Feb 15, 09, 6:30 pm
  #1480  
 
Join Date: May 2008
Programs: AA PLT 2MM
Posts: 2,018
Originally Posted by ExitRowAisle View Post
Without some creative ways of "beating the system", a person has only had the opportunity to buy $8,500 of coins to date ($500 for 7 Presidents and $5,000 on the new Native American coin). Currently, you can't even order all 7 Presidents -- so a $20,000 spend seems to be out of reach on this program for the moment.
But you see... many of us are 'beating the system'. That's what a bulk of this thread is about.
thehawk75 is offline  
Old Feb 15, 09, 8:04 pm
  #1481  
 
Join Date: Oct 2004
Location: BZN
Programs: AA:Lifetime Plat DL:Lifetime Silver UA:1P MAR:Lifetime Tit
Posts: 8,288
Originally Posted by ExitRowAisle View Post
Without some creative ways of "beating the system", a person has only had the opportunity to buy $8,500 of coins to date ($500 for 7 Presidents and $5,000 on the new Native American coin). Currently, you can't even order all 7 Presidents -- so a $20,000 spend seems to be out of reach on this program for the moment.
Furthermore, there are a lot of people ordering $500 at a time, and it blows my mind that they are deeming the return worth the risk+cost. Not everyone values miles/points the same, but the mean range for FTers is around 1.5 to 2 cents per mile/point. Lets assume 2 even. For $500 worth of coins, you are getting a $10 payout for the time it takes you to place the order, track and receive the order, and deal with cashing in the coins (whether this is a drive to the bank, specially handling them for tips, or whatever). Add the perceived risk is of an order or delivery gone bad, the time needed to rectify such a problem, and the risk of having a valuable stash of coins on hand, and I simply don't see how so many people deem it worthwhile. Even if you deem the risks minimal, you can see by simply reading this thread that there are a plethora of complications that may arise that require time to work through. Even if you are lucky and everything goes smoothly, if you are spending just 20 minutes of total time to deal with the process, you are making $30/hour. This might be worth the time to some people, but represents a best-case scenario. Opportunities like 500 miles for a 2-minute survey or $18 for a case of Fiji water and 2,500 miles make sense, but $10 worth of miles for the hassle and risk of dealing with $500 worth of coins... I don't get it.

Last edited by mooper; Feb 15, 09 at 8:12 pm Reason: typo
mooper is offline  
Old Feb 15, 09, 8:06 pm
  #1482  
FlyerTalk Evangelist
 
Join Date: Jul 2003
Posts: 11,370
Originally Posted by mooper View Post
Opportunities like 500 miles for a 2-minute survey or $18 for a case of Fiji water and 2,500 miles make sense, but $10 worth of miles for the hassle and risk of dealing with $500 worth of coins... I don't get it.
a) some of us want to have some dollar coins
b) it's a great way to meet credit card spending thresholds
soitgoes is offline  
Old Feb 15, 09, 8:16 pm
  #1483  
 
Join Date: Oct 2004
Location: BZN
Programs: AA:Lifetime Plat DL:Lifetime Silver UA:1P MAR:Lifetime Tit
Posts: 8,288
Originally Posted by soitgoes View Post
a) some of us want to have some dollar coins
b) it's a great way to meet credit card spending thresholds
A) If someone is doing it for the novelty or interest of having the coins, then that adds to the value of the process, and I could understand. I should have specified that I am talking about those ordering primarily/solely for the miles/points.

B) This too would add some value beyond the raw points/miles earnings itself, but I suspect that a relatively small percentage of people are ordering enough to make a substantial difference to hitting thresholds. However, if someone is trying for $25K on an Amex DL card and could only hit $20K without this offer and is able to get $5K of coins with ease, I could see this being reasonable.
mooper is offline  
Old Feb 15, 09, 8:19 pm
  #1484  
FlyerTalk Evangelist
 
Join Date: Jul 2003
Posts: 11,370
Originally Posted by mooper View Post
B) This too would add some value beyond the raw points/miles earnings itself, but I suspect that a relatively small percentage of people are ordering enough to make a substantial difference to hitting thresholds. However, if someone is trying for $25K on an Amex DL card and could only hit $20K without this offer and is able to get $5K of coins with ease, I could see this being reasonable.
These coins are especially suited to cards that have initial spending thresholds to get bonuses (e.g., AA, UA, NW).
soitgoes is offline  
Old Feb 15, 09, 8:25 pm
  #1485  
 
Join Date: Oct 2004
Location: BZN
Programs: AA:Lifetime Plat DL:Lifetime Silver UA:1P MAR:Lifetime Tit
Posts: 8,288
Originally Posted by soitgoes View Post
These coins are especially suited to cards that have initial spending thresholds to get bonuses (e.g., AA, UA, NW).
Yup, I can see that being a nice fit too. Again though, my wonderment was really directed at those ordering primarily/solely for the value of miles/points earned directly - not at those interested in collecting, the novelty, or threshold benefits.

There's another thread where people were discussing the act of rounding purchases or otherwise making transactions that yield one "free" mile/point per 15-20 seconds of effort. Similarly, I can't see how this makes sense, as earning 250 miles per hour equates to a payout so low that it isn't worth the time alone.
mooper is offline  

Thread Tools
Search this Thread
Search Engine: