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

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

Deal Price: $250.00
usmint.gov offers $1 coins for $1 each, plus points on your rewards credit card for $250.00.
1. Go to usmint.gov where you can choose a box of 250 of $1 coins, limit two boxes (500 total) per type of coin selected. These are real US currency.

2. Shipping should be free on the final checkout page (the page which asks for your credit card number). Final price for 250 coins are $250, and 500 coins are $500.

3. Visa, Mastercard, Discover, and American Express is accepted. Use a card that gives points/rewards.

4. Keep any coins that you want for yourself, and take the remaining coins to any bank and deposit them into your checking account. Pay off your credit card purchase with the cash you just deposited.
Product Description:
If you have the kind of credit card that gives you points for every dollar spent, this could be a great way to get hundreds of points essentially for free.
Deal or No Deal?
0   0

(13) thoughts from other users ...

dealspl.us User
working great...takes them about a week to ship, but I've been getting 2% back on my household bank card with no issues
posted Sep 18, 2009
  0 |   0
dealspl.us User
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.
posted Sep 04, 2009
  0 |   0
dealspl.us User
great arbitrage opportunity... I might actually do this to make some coin... get it... get it..
posted Sep 02, 2009
  0 |   0
dealspl.us User
Shipping is not free
posted Sep 02, 2009
  0 |   0
rickwagner50
rep: 232
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.
rickwagner50 posted Sep 02, 2009
  1 |   0
zulugrid
zulugrid replied:
Shipping is free. It displays $4.95 until you get to the final checkout page, and which point it shows $0.00 for shipping. (This is as stated in the deal above...)
Posted Sep 02, 2009
  0 |   0
dealspl.us User
credit card companies don't give you points for things like this.
posted Sep 01, 2009
  0 |   0
zulugrid
zulugrid replied:
I use American Express Blue. They give cashback for ANY purchase, including coins from the mint.
Posted Sep 01, 2009
  1 |   0
zulugrid
rep: 110
I'm in for $500
zulugrid posted Sep 01, 2009
  0 |   0
dealspl.us User
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.
posted Sep 01, 2009
  3 |   0
skyk
skyk replied:
Very smart!!
Posted Sep 01, 2009
  1 |   0
cxwq
cxwq replied:
Until they get backed up on shipping and your 18% interest rate credit card goes unpaid for a month while you wait for your coins...
Posted Sep 01, 2009
  0 |   1
tpatru
tpatru replied:
Actually, most places won't charge your credit card until they actually ship your purchase.
Posted Sep 02, 2009
  0 |   0
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