Author Topic: Dollar Coins from US Mint at face value with Free Shipping  (Read 92238 times)

Offline arie

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #255 on: May 07, 2011, 11:44:22 PM »

Offline AsherO

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #256 on: May 08, 2011, 03:46:36 AM »
check out this article on reuters: http://www.reuters.com/article/2011/05/07/idUS26765961420110507

You might as well link to Mr. Pickles' blog, Reuters is quoting Gary from VFTW, who is quoting Mr. Pickles...

But I guess this tells us word is getting around...
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Offline Avid Reader

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #257 on: May 08, 2011, 05:13:39 AM »
check out this article on reuters: http://www.reuters.com/article/2011/05/07/idUS26765961420110507

This article is just not honest. Gary says:
 
Quote
mrpickles is now blogging and recently posted an extensive explanation of buying coins from the US mint with your credit card to earn miles, and depositing the money back into the bank to pay off the credit card....It’s not as easy as it used to be, there are limits on the amount of money you can do this with (no doubt thanks to the Wall Street Journal piece on the practice)....the only real change was that the US Mint issued a warning on its website: “There is a 4-box $1 coin limit for every 10-day period on any and all $1 coin orders. Beyond that your credit card will not be authorized.” This is something that I can work with.

But the US Mint has actually issued a much more troubling warning:

Quote
The intended purpose of the Circulating $1 Coin Direct Ship program is to make $1 coins readily available to the public, at no additional cost, so they can be easily introduced into circulation—particularly by using them for retail transactions, vending, and mass transit. Increased circulation of $1 coins saves the Nation money. 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.

By clicking “Add to Cart” I agree that I understand, and will comply with, the intended purpose of the program.

Additionally, why is he publicizing this on Reuters? This 'deal' became way more limited after it was published in the WSJ, as he himself notes. Is he looking to kill the deal? (or did Reuters just pick it out of his blog on their own?)

Offline joeyjava

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #258 on: May 08, 2011, 04:49:05 PM »
the mint has had the warning up for a while now...

has any1 had any trouble with small orders using citi cards recently?

Offline Yellow

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #259 on: May 10, 2011, 10:31:28 PM »
Is it true that AMex will block these transactions to prevent people from getting points?
i'm wondering the same thing... I need to spend $1000 for my gold card...

Offline Saver2000

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #260 on: May 10, 2011, 10:37:30 PM »
i'm wondering the same thing... I need to spend $1000 for my gold card...


Do not do it. It is not worth it.  I got fr'd for doing it and then it was just one big hassle. (Btw I talking about doing it with amex)

Offline Yellow

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #261 on: May 10, 2011, 10:38:37 PM »

Do not do it. It is not worth it.  I got fr'd for doing it and then it was just one big hassle. (Btw I talking about doing it with amex)
thanks for the warning. I will stay away from the mint

Offline Yungerman

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #262 on: May 11, 2011, 09:58:17 PM »
thanks for the warning. I will stay away from the mint

Only stay away using Amex, as many have been fr'ed (R"L) as a result. I've used chase cards all the time without any issues.

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #263 on: May 11, 2011, 09:59:49 PM »
Only stay away using Amex, as many have been fr'ed (R"L) as a result. I've used chase cards all the time without any issues.

How much do you typically buy on the Chase card each time, and per month?

Offline Saver2000

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #264 on: May 11, 2011, 10:12:11 PM »
Only stay away using Amex, as many have been fr'ed (R"L) as a result. I've used chase cards all the time without any issues.

I specifically noted that it shouldn't be done to meet AMEX spending thresholds.  I've done with many other cards ( ge money, discover, etc) dozens of times and bh never had a problem.

Thanx mshor for noting this.

Offline Yungerman

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #265 on: May 12, 2011, 01:18:37 AM »
How much do you typically buy on the Chase card each time, and per month?

I didn't mainly do it for the miles. The situation was as follows. I had a relatively high debt to credit utilization(close to 50%). A lot of it was on my Chase freedom card. Being that the United Mileage Plus card didn't have an official credit line, rather a credit access line(which doesn't post as "revolving credit" on the credit report), I used it to purchase coins and pay completely off the freedom card and other cards.

I did it almost every 10 days for a few months. Doing a balance transfer would have hurt my credit(hey, I got miles as well).

Offline yaakov s

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #266 on: May 12, 2011, 02:12:13 AM »
I did it almost every 10 days for a few months. Doing a balance transfer would have hurt my credit(hey, I got miles as well).
Your bank didn't get sick of it and stop accepting them?

Offline Yungerman

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #267 on: May 12, 2011, 12:44:52 PM »
Your bank didn't get sick of it and stop accepting them?

I used the same teller almost every time. She got used to it.

Offline yaakov s

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #268 on: May 25, 2011, 10:19:38 AM »
I see there is a delay in shipping the coins

2 questions

1)are the 10 days from order or from shippment

2)could I get them to charge it right away or will I have to wait for when they ship

Offline schneury

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #269 on: May 25, 2011, 10:35:34 AM »
The mint charges the card when they ship