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Full Version: Free Credit Card Rewards/Miles/Points when Buying Coins at Usmint.gov
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Pericles
http://catalog.usmint.gov/webapp/wcs/store..._category=16238

You can order 2 of each president... not sure if that's per person or address. Standard shipping is free, so just deposit them at your bank & rack up $2k of rewards purchases.
wmspringer
And you get a much better rate than taking out a cash advance! angel_not.gif
qwex
use my credit card to buy money and collect cash-back rewards? laugh.gif
wmspringer
You could use that as a no-fee balance transfer offer, too :-)
ebytes
Thanks! Confirmed you can order 2 of each. Looks like John Quincy Adams' OOS, but the other Presidents are in stock. So looks like you can maximize your profit by ordering up to $2000 worth of coins. biggrin.gif
Warshed
Doesn't shipping kill this deal?
TheDiggler
QUOTE (Pericles @ 8-12-08, 3:08pm) *
You can order 2 of each president... not sure if that's per person or address. Standard shipping is free, so just deposit them at your bank & rack up $2k of rewards purchases.


QUOTE (Warshed @ 8-12-08, 6:16pm) *
Doesn't shipping kill this deal?


Emphasis added in bold red. wink.gif
Pericles
Hey - let us know what the shipping time is... I want to order, but will be out of town for awhile in a couple of weeks - I heard that the shipping is a bit slow & I didn't want it arriving while I'm gone. I'm hoping it will still be alive when I get back...
ebytes
Placed my order on 08/12 and got a shipment confirmation email on 08/19. banana.gif
ebytes
QUOTE (cron @ 3-29-09, 10:37am) *
You can buy up to $7500 of the following:

20 Set Limit:
http://catalog.usmint.gov/webapp/...y_rn=27238


Just so you know, the 20 set I ordered arrived in 2 boxes shipped via UPS 2-Day Air and were at 46lbs per box. blink.gif
threeuncle
So tempting... but I know I will drive bank tellers crazy if I order $7500 of coins.
dboy
I ordered $1500 a couple weeks ago and they've never shipped or charged my CC. Weird.
carloscai
More than a hundred pounds of metal going through the security at the metro station? You must be kidding!
wheel
I ran across this at FlerTalk, this is a site for road warriors, airline miles enthusiasts and hotel points mavens of all kinds. They have jumped all over this program. They have a thread with nearly 5000 posts. One of the posters has created an FAQ:

FlyerTalk Forums - View Single Post - Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping

The US Mint is apparently busily trying to get $1 coins into circulation even though the public isn't too enthused and therefore the banks don't want to carry the coins. So to push the coins, the mint has a program that allows individuals to order rolls/boxes of current production on-the-run $1 coins. To induce purchases, the mint offers free shipping and allows you to pay with a credit card (and the charge is treated as a purchase rather than a cash advance). So the game is to buy as many $1 coins as they will let you, charge it on a credit card that gives you a cash back reward (such as the Schwab Visa that kicks out 2% or the Pen Fed Visa that does the same to the tune of 1.25%), cash the coins in at the bank when they arrive, skim the float, and then pay the CC bill when it comes due. And the mint loves the deal because the $1 coins cost something like 20 cents to make, so its really easy for them to eat the CC transaction fees and the shipping.

You can also open one of those Airline cards where you spend $750 over 4 months and then get enough miles for a free airfare. Kind of an interesting deal.

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