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US Mint Direct Ship Program News

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TheForce's Avatar
United States
4867 Posts
 Posted 12/15/2009  9:44 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
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biokemist6's Avatar
United States
12437 Posts
 Posted 12/15/2009  9:48 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
LOL, that would be because of this. People being that blatant screw it up for everyone
Valued Member
Ferret552's Avatar
United States
168 Posts
 Posted 12/16/2009  11:19 am  Show Profile   Bookmark this reply Add Ferret552 to your friends list Get a Link to this Reply
Wow... but just about everyone tries to find loopholes or shortcuts when given the advantage.
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DNA's Avatar
United States
2734 Posts
 Posted 12/16/2009  8:08 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Better use your debit card, or your Direct Ship coins will be charged
as a cash advance instead of as a purchase!

One of my local car wash owners who was buying Direct Ship coins,
is now buying the Dollar coins from the Denver Mint (as I do).

I couldn't help but notice this, when his change machine gave me twenty
untouched BU Zachary Taylor-D Dollars last Friday!

That's too bad, because I got a few BU 2009-P Native American dollars
from his changers in months past...
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Erwindoc's Avatar
United States
265 Posts
 Posted 12/16/2009  9:18 pm  Show Profile   Bookmark this reply Add Erwindoc to your friends list Get a Link to this Reply
Will they be doing the America the Beautiful Series the same way? I have been unable to find squat this year marked with 2009 and I would like to do better next year!
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gawd0wns's Avatar
Canada
464 Posts
 Posted 12/16/2009  10:01 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
Doesn't this do more harm then good? Who wants to buys coins and have them show up as cash advances? When you take a cash advance on a credit card, they charge you daily interest from the day you take out money, until the day you pay it off. Once customers get smacked with interest payments, I highly doubt they will ever shop at the U.S. mint again. I know I wouldn't.

Why don't they do something like charging the household limit, and charge shipping for every item above the limit? There must be an easier way of doing this... It sounds like the credit card companies have twisted the U.S. mint's arm into doing this.
Edited by gawd0wns
12/16/2009 10:05 pm
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DNA's Avatar
United States
2734 Posts
 Posted 12/18/2009  10:14 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
erwindoc: I have been unable to find squat this year marked with 2009...

At the rate things are going, the Mint should directly sell rolls of all of their business strike coins.

For example:
All of the 2009-D Nickels are (apparently) still sitting in the Federal Reserve.

Why not wrap them all up and sell them for $3 or $4 a roll on the Mint's website?

The Mint would make a nice profit and collectors would get the coins.

Yeah, I know, this idea makes too much sense !

The Mint could also set up to take Paypal for the Dollar coins...
(there I go making too much sense again!)

Edited by DNA
12/18/2009 10:24 am
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jbuck's Avatar
United States
188213 Posts
 Posted 12/18/2009  11:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I like your thinking, DNA!

I might not pay $8.95 for a roll of cents, but I can see myself (contemplating at least) buying a roll of nickels for three or four dollars.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 12/18/2009  12:32 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply

Quote:
JB.... I might not pay $8.95 for a roll of cents.....

That was $8.95 for TWO rolls of Cents....... not just one ! .... And "I" did pay it..... (plus shipping and handling) ... ... four different times throughout this year....

It appears that my "coin wisdom" and my "sense" for "Cents" is still an ever evolving process mired in it's infancy, that I'm reminded of quite frequently !!





What's that over there ? ......... Excuse me...... I see a shiny object over there distracting me ....maybe I can go buy it.....
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USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 12/18/2009  12:41 pm  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list Get a Link to this Reply

Quote:
What's that over there ? ......... Excuse me...... I see a shiny object over there distracting me ....maybe I can go buy it.....


I love it!

You don't mind if I make that my signature do you?
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 12/18/2009  1:03 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
whats the source for the fact that they now show up as cash advances?
I tried looking on the mint's website, but couldnt find any info about them being charged as cash advances on credit cards?
-XoG
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gawd0wns's Avatar
Canada
464 Posts
 Posted 12/18/2009  3:43 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
The article pasted above states,


Quote:
As a final method of preventing abuses of the program, the US Mint has also changed the way that purchases through the program are recognized by credit card processors. According to this article from the LA Times, the purchases are now recorded as cash advances, which typically do not earn rewards.


They are citing this LA Times article:

http://www.latimes.com/business/la-...193113.story
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jbuck's Avatar
United States
188213 Posts
 Posted 12/18/2009  4:09 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
That was $8.95 for TWO rolls of Cents....... not just one ! .... And "I" did pay it..... (plus shipping and handling) ... ... four different times throughout this year....
Okay, I will correct myself... I would not pay $4.48 (plus shipping) for a roll of cents, but I might pay $4.00 for a roll of nickels.

For the record, I might have paid $4 (shipped) for the pair of cent rolls.
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DNA's Avatar
United States
2734 Posts
 Posted 12/18/2009  10:56 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
I thought $8.95 was 'too much' for the Mint-Wrapped LP1 Cents, so I bought only one Set. I was hoping that they'd be 95% Copper, for that price.

I've seen the LP1 Mint Roll boxes go for up to $100 on ebay...

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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 12/19/2009  12:01 am  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
hmm, ill have to test that cash advance theory when the new 2010's come out
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TheForce's Avatar
United States
4867 Posts
 Posted 12/19/2009  08:41 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Does the mint accept a debit card? That way its just coming from your checking account and not being charged to a credit card.
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