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Dollar Coin Direct Ship - The Scam Is Over

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Bedrock of the Community
United States
19961 Posts
 Posted 07/22/2011  2:30 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
I really thought they closed this loophole like a year ago! I guess not.
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Pillar of the Community
United States
1081 Posts
 Posted 07/22/2011  2:35 pm  Show Profile   Bookmark this reply Add DavidZerbato to your friends list
I'm out of the loop, what was the loophole?
Pillar of the Community
United States
3294 Posts
 Posted 07/22/2011  2:43 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list
You get airline points for spending on your CC, but you were "spending" to get CC changed into $$.
Bedrock of the Community
United States
12437 Posts
 Posted 07/22/2011  3:08 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
This will be the beginning of the end for the Direct Ship program I think it is absolutely absurd to not even allow the use of debit cards that take money from a checking account. Of course, the Mint would never think of using a service like PayPal either.
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United States
188770 Posts
 Posted 07/22/2011  3:22 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Talk about overkill. I wonder why they could not have these purchases treated as cash advances.
Pillar of the Community
United States
623 Posts
 Posted 07/22/2011  4:10 pm  Show Profile   Bookmark this reply Add Russ789 to your friends list
What if you buy mint gift certificates with your credit card and then use them to pay for the dollars?
Pillar of the Community
United States
5832 Posts
 Posted 07/22/2011  4:44 pm  Show Profile   Bookmark this reply Add macmercury to your friends list
There's always a loophole, especially the government.

Edit: Just read that paragraph from the mint again. Wire transfer, check or money order. Perhaps that's the only form of payment.
Edited by macmercury
07/22/2011 4:52 pm
Pillar of the Community
United States
584 Posts
 Posted 07/22/2011  5:08 pm  Show Profile   Bookmark this reply Add amassey08873 to your friends list
Russ789 you....you...you are good! Sorry I just watched it last night. But SSSHHHH its a secret! I thought they lowered the limit one could buy between x amount of calendar days. Of course the few that abuse ruin it for everyone. Such is life.
Valued Member
United States
94 Posts
 Posted 07/22/2011  7:56 pm  Show Profile   Bookmark this reply Add rawmeat to your friends list
I hope that attention-[blank] at berkley that thought it'd be more fun to get interviewed by NPR instead of taking "trips around the world" is happy that she's done taking trips around the world. What a goofball.
Pillar of the Community
United States
1213 Posts
 Posted 07/23/2011  09:08 am  Show Profile   Bookmark this reply Add okiepb to your friends list
Here's the full explanation:

http://catalog.usmint.gov/webapp/wc...ntifier=8100

I especially like the sentence:


Quote:
Eliminating the credit and debit card purchase of the $1 coin is the next step in our efforts to root out abuse in this program and ensure it is better targeted toward fulfilling its intended purpose--which is to get the $1 Coin into greater circulation.


Get a clue mint - if you want to increase circulation of the dollar coin then eliminate the paper dollar. Problem solved!


Valued Member
United States
115 Posts
 Posted 07/23/2011  10:43 am  Show Profile   Bookmark this reply Add flotsam to your friends list
I agree eliminate the dollar bill and these coins will circulate just fine and the country will save money too.
Valued Member
United States
94 Posts
 Posted 07/23/2011  11:53 am  Show Profile   Bookmark this reply Add rawmeat to your friends list
Yeah, I don't get why the mint/fed/whoever thinks that the people will begin rioting if we can't have paper dollars.
Valued Member
United States
162 Posts
 Posted 07/23/2011  1:15 pm  Show Profile   Bookmark this reply Add lorax to your friends list
Well that sucks. I wish I had more notice to put in one last order. I've been getting and spending coins from direct ship for a couple of years now and really liked that I could get different coins than my bank has.
Pillar of the Community
United States
4132 Posts
 Posted 07/23/2011  3:43 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list
It's like with the metric system. They tried to do it in a slow, half-witted, gradual way, and people were stubborn. Just pull of the band-aid quickly.
Bedrock of the Community
United States
10635 Posts
 Posted 07/24/2011  4:58 pm  Show Profile   Bookmark this reply Add merclover to your friends list
And without pulling the paper dollar bills, its pointless. And it's probably too late now anyway... people use plastic for anything and everything these days. Besides pulling out some cash from the ATM to buy a box of pennies, I cannot remember the last time I used cash for anything. Sad, but true. We live in a world of speed and convenience, and credit/debit cards are making coins unnecessary and obsolete.

Les
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