$1 coins for $1 each, plus points on your rewards credit card

working great...takes them about a week to ship, but I've been getting 2% back on my household bank card with no issues

Has anyone checked their actual credit card bill for shipping charges? The web site explicitly says that shipping is NOT included in the merchandise total; it is added separately. And on the last page, although the "Total" line does not include shipping, a shipping charge still appears on the page.

Looks to me like shipping is not free.

great arbitrage opportunity... I might actually do this to make some coin... get it... get it..

Shipping is not free

Shipping is 1% of the total ($4.95 on $500 purchase). I think you will lose in the long run factoring in the gas you take going to the bank countless times.

credit card companies don't give you points for things like this.

I'm in for $500

I've been able to get at least $750 in my cart at any one time. Now, to increase my CC limit some more. This is basically a 1% return on your investment. With a 10K limit on a spare CC, that's a free $100/mo per card. You can actually expand this to like $500 if you have a spare 20K in savings--Ring up the charge, pay 10K from savings. Order again. When coins arrive, deposit and repeat.
Dunno how long I can keep it up though. Your CC company will probably start throwing hissy fits. Also, all deposits of 10K or more at your bank will have to be reported to the government, so you'll have to keep deposits under $5K. That, and I don't know how much your bank would like you if you turned in $5K every day.

Still, if you've got like $20K and a $10K CC limit, you're in business. You could probably get 5 cycles/mo. $100 each time = $500/mo. With 4 cards, you won't have to work anymore...although you'll be bringing $200K in change to your bank every month, AND you'll have to deal with $200K in change being delivered to you every month. If I decide to drop out, I might have to consider doing this.