Author Topic: Dollar Coins from US Mint at face value with Free Shipping  (Read 99166 times)

Offline Yellow

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #240 on: March 23, 2011, 04:21:13 PM »
I think I'll just ask a friend to swipe the 1000 dollars on their business cc machine and pay back the fees... That their charged. Better safe than sorry

Offline Dan

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #241 on: March 23, 2011, 04:36:08 PM »
Mint and Gift cards(even though they're from Amex) purchases are both getting red flagged. They know the system, I think it's just a hit or miss situation.
Is it those purchases or is it going over 50% utilization of your credit line and/or prepaying.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ah41187

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Amex and US Mint
« Reply #242 on: March 24, 2011, 08:33:02 PM »
Is it true that AMex will block these transactions to prevent people from getting points?

Offline YudiG

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #243 on: March 27, 2011, 02:21:51 PM »
Here is alternative way to spend $1,000 at the Mint...buy 5 $200 E-Gift Cert's they now offer which never expire, and can be used for anything including the $1 direct ship coins.

Perhaps this is less risky...I confirmed the above with the US Mint CS rep. There is also no 10 day limit as w/ coins! Thus, a great way to activate multiple cards quickly and place the actual coin orders in a staggered fashion.

 

Offline Avid Reader

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #244 on: March 27, 2011, 07:06:24 PM »
Here is alternative way to spend $1,000 at the Mint...buy 5 $200 E-Gift Cert's they now offer which never expire, and can be used for anything including the $1 direct ship coins.

Perhaps this is less risky...I confirmed the above with the US Mint CS rep. There is also no 10 day limit as w/ coins! Thus, a great way to activate multiple cards quickly and place the actual coin orders in a staggered fashion.

 

Would this make a difference as far as the CC is concerned? after all they probably both just show up as US Mint to the CC company. Why would this be safer?

Offline AsherO

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #245 on: March 27, 2011, 07:47:19 PM »
Would this make a difference as far as the CC is concerned? after all they probably both just show up as US Mint to the CC company. Why would this be safer?

+1

Offline YudiG

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #246 on: March 28, 2011, 02:43:09 AM »
true, but at least you dont need 10 days between $1k purchases and can activate all cards instantly...

Offline ae123

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #247 on: April 22, 2011, 02:57:26 PM »
What can I do with a box of a thousand one dollar coins?
Can I just bring it to my local bank and deposit it?
Any other ideas?
Thanks!

Offline myb821

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #248 on: May 06, 2011, 07:07:50 PM »
sorry i doint have time to read whole thread. i know amex is fr'ing ppl who buy coins what banks cards is it safe to buy coins from?

Offline Cholentfresser

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #249 on: May 06, 2011, 07:09:46 PM »
i think many people have been successful doing it with chase cards.
In order to understand recursion, you first need to understand recursion.

Offline myb821

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #250 on: May 06, 2011, 07:16:27 PM »
thanks for the info

Offline pianodude

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #251 on: May 06, 2011, 08:54:31 PM »
thanks for the info

Some people have had their Chase accounts closed

Offline myb821

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #252 on: May 07, 2011, 08:46:03 PM »
Some people have had their Chase accounts closed
really? anyone else have any input

Offline scwam

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #253 on: May 07, 2011, 09:53:10 PM »
Done it once on Freedom last month. Just once with Chase. No issue with 1k

Offline AsherO

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Re: Dollar Coins from US Mint at face value with Free Shipping
« Reply #254 on: May 07, 2011, 10:08:58 PM »
Done it once on Freedom last month. Just once with Chase. No issue with 1k

I don't think 1k will be a problem, but I'm sure abuse is.

As an aside, does Amex consider it a cash advance even if you're not purchasing coins that are legal tender (i.e. if purchasing bullion)?

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...

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...