Will you be ordering ?

TwoSides2aCoin · June 20, 2008 10:12PM

The U.S. Mint Selling coins at face value

TwoSides2aCoin · June 20, 2008 10:17PM

These are the particulars :

The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.

Orders are limited to two boxes ($500) per President.

Specific coins are available only while supplies last.

Please allow approximately 1-2 weeks for shipping.

All sales are final.

COALPORTER · June 20, 2008 10:20PM

No, I only want one at face value and don't what to pay S&H.
I think the coins are too ugly and only want to look at one for three
seconds and then spend it.

Orders are limited to two boxes ($500) per President.

I wonder why they put a limit on a coin no one wants ? In fact,
my bank told me that they have to order 500 coins MINIMUM and there has been ZERO demand, so they WILL NOT get any.

Bobk · June 20, 2008 10:21PM

No. I get two rolls from my local bank when released and put them into circulation. Since the start of the prez bucks I have never received one in change.

Shamika · June 20, 2008 10:23PM

<< The U.S. Mint Selling coins at face value >>

Now there's a spin.

boucharda · June 20, 2008 10:23PM

It's not worth the confusion you get when you try to use them. It was a novelty at first but that quickly wore off....

CB2597 · June 20, 2008 10:25PM

Two slices of Pineapple and ham pizza and a tall glass of Rootbeer! Oops...Wrong order. I guess i won't be ordering then.

TwoSides2aCoin · June 20, 2008 10:31PM

<< Two slices of Pineapple and ham pizza and a tall glass of Rootbeer! Oops...Wrong order. I guess i won't be ordering then.

>>

I guess I deserved that one. Thanks.

rec78 · June 20, 2008 10:58PM

No, I only want one at face value and don't what to pay S&H.

The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.

Sounds like a good idea to me. Search for errors. You can always just deposit them in the bank after searching. Bob

halfhunter · June 20, 2008 11:03PM

If Denver minted coins were available I would. But I suspect that all of these are Ps.

Regards, John

Broadstruck · June 20, 2008 11:04PM

<< No, I only want one at face value and don't what to pay S&H.

The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.

Sounds like a good idea to me. Search for errors. You can always just deposit them in the bank after searching. Bob >>

So wait after the Mint gets hit with the CC % charge and free shipping... aren't they losing money on this deal

Snowman24 · June 20, 2008 11:24PM

yeah - i'll try a box and hope I'll get "D" mintmark ones because I live on the east coast "P" mintmark area

maybe I'll find a MS68 and help my registry because those MS68 on ebay are a little too rich for my blood

most people were i've spent these gold dollar coins from my bank are 1) glad to get one or 2) no big deal - money is money

this week
i spent 2 Madisons at a fast food place and the cashier was glad to see them and was persistently asking were did i get those from and i hesitated in saying the truth that i got them from the next door bank 400 yards away
so as i steped away from the counter i noticed she took 2 dollar bills out of her pocket and those babies were going home with her

i guess i made her day

Snowman

Barry · June 20, 2008 11:36PM

I get one roll at a time from the bak and spend them. 250 is too much to have around at one time.

Walmann · June 20, 2008 11:45PM

"So wait after the Mint gets hit with the CC % charge and free shipping... aren't they losing money on this deal?"

No it cost the mint about 6.8 cents per presidental dollar to produce. So as far as cost wise even with shipping at a minimum order of $250 they are well ahead of the game.

sanitarium1inmate · June 21, 2008 12:12AM

<< No, I only want one at face value and don't what to pay S&H.

The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.

Sounds like a good idea to me. Search for errors. You can always just deposit them in the bank after searching. Bob >>

If you can get them and search them then get them to the bank and make an online payment to your credit card before the interest hits it you can actually help your credit and get the cash back bonuses and points assosiated with using your credit card. In the long run you get to search for errors for free and help your credit and get bonus points, sounds like a true WINNER to me.

19Lyds · June 21, 2008 12:29AM

<< If Denver minted coins were available I would. But I suspect that all of these are Ps.

Regards, John >>

I think these are distributed according to your Federal Reserve District. So if your in a "P" area, you'll get P's, if you're in a "D" area, you'll get D's.

However, for the adventureous, perhaps a trade could be set up?

PTVETTER · June 21, 2008 12:56AM

read carefully, it looks like you have to sign up for a period of time and only these dollars are at face value the rest are at a priemium.

sanitarium1inmate · June 21, 2008 12:59AM

<< read carefully, it looks like you have to sign up for a period of time and only these dollars are at face value the rest are at a priemium.

>>

The rest of what? The only ones at this discount are the president dollars so what is this rest of at a premium?

sanitarium1inmate · June 21, 2008 1:02AM

ARE you talking about getting into a series of president dollars and just the first ones are at this discount? The future ones that you have signed up for are at the regular(rip you a new one price)?

BECOKA · June 21, 2008 1:07AM

I ordered the max. Not only do I get the free rebate from the credit card, I have spent so many of these locally that I have actually seen some tellers start to hand them back as change.

BECOKA · June 21, 2008 1:09AM

<< 

<< read carefully, it looks like you have to sign up for a period of time and only these dollars are at face value the rest are at a priemium.

>>

The rest of what? The only ones at this discount are the president dollars so what is this rest of at a premium? >>

I did not see anything like this, I ordered mine without signing up for anything. Only thing billed was the face value coins. shipping was removed at checkout.

TwoSides2aCoin · June 21, 2008 1:14AM

This isn't TIME LIFE™ Books.

There is nothing about having to buy future issues at a premium

ricko · June 21, 2008 1:34AM

Amazing... simply amazing.... the mint is trying to get these into circulation, however the general public is not cooperating. There will be stronger measures to come. Cheers, RickO

sanitarium1inmate · June 21, 2008 1:36AM

<< Amazing... simply amazing.... the mint is trying to get these into circulation, however the general public is not cooperating. There will be stronger measures to come. Cheers, RickO >>

Sure, start putting them in cherrios boxes, I bet they sell more cereal then.

rec78 · June 21, 2008 1:42AM

Thanks for the thread. I just ordered 2 boxes with a credit card-i like this idea. If you like searching rolls, what a better way to get them, at face, delivered to your house! I,too, am also on the east coast hoping for "D" mint coins.
This is a real effort to get them to circulate..Of course it will probably fail in the long run. I will order all of them but the bank will get most of them back. It is an attempt to force circulation but they may also need to discontinue the $1 bill also for it to happen to a larger extent.

TwoSides2aCoin · June 21, 2008 1:44AM

<< 

<< Amazing... simply amazing.... the mint is trying to get these into circulation, however the general public is not cooperating. There will be stronger measures to come. Cheers, RickO >>

Sure, start putting them in cherrios boxes, I bet they sell more cereal then. >>

General Mills was trying to sell cereal and used the "MILLENNIUM" to bring in the new year. (that the mint director opted to re-design the tail feathers on the first new small dollar just made a rarity)

In this case, I think the the government wants to take away the distribution from the FRB and get these coins into commerce by way of it's citizens. I think it is a healthy promotion.

Tvac897 · June 21, 2008 1:47AM

What's the difference between doing this and getting them from your bank?

Mitsuecl3338 · June 21, 2008 1:48AM

"To encourage robust national circulation of $1 Coins (non-numismatic, circulation-grade coins), the United States Mint has introduced the Circulating $1 Coin Direct Ship Program."

REad this this is why they are ultimately doing it guys. I see nothing about signing up for a program or anything. Please show me where to read closely.

Becuase this is not there intentions to charge premiums for these .

They want to use this dollar. They(congressmen and women) are currently not willing to cut the paper dollar. The mint is spending millions on consultants and this was probably one of the suggestions they got.

"The mint is losing money after cc and shipping." I think you might want to look into that qoute. I believe they cost 20 cents to make" So lets see here.

.20 X $250= $50 plus 5 dollars for shipping with theier discounts. Which the recieptant is going to pay anyway. I believe with a 3% transaction fee they will still make about $192.35.

Shannon

TwoSides2aCoin · June 21, 2008 1:54AM

<< What's the difference between doing this and getting them from your bank? >>

The cost of gas ?

Batman23 · June 21, 2008 1:59AM

<< What's the difference between doing this and getting them from your bank? >>

My bank does not carry them... After I search through mine they will start though

YaHa · June 21, 2008 2:03AM

<< Two slices of Pineapple and ham pizza and a tall glass of Rootbeer! Oops...Wrong order. I guess i won't be ordering then.

>>

Damn that sounds like a great pizza, but you forgot to add the heavy onion, extra ham, but lite of the Pineapple. Cold Coors light beer, or don't forget the hot pepper sprinkles.

YaHa · June 21, 2008 2:07AM

<< 

<< No, I only want one at face value and don't what to pay S&H.

The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.

Sounds like a good idea to me. Search for errors. You can always just deposit them in the bank after searching. Bob >>

So wait after the Mint gets hit with the CC % charge and free shipping... aren't they losing money on this deal

>>

Broad, I had a friend that work for the govt. He told me certain branches don't pay any fees to the cc companies so, I think the mint is one of them that don't pay any fees.

Long story short, if you want to spend the US pres Dollar in another country it's only worth 57 cents right?

So the mint is still making money at aleast 43 cents minus the value of the plancet.

I am just rambling along today, don't know if anything I said is worth the price of tea in china.

TwoSides2aCoin · June 21, 2008 2:09AM

Thank you for your opinion, YaHa.
I'll be looking for a mule or something suspicious in my rolls

sanitarium1inmate · June 21, 2008 2:10AM

I believe they should do this with all circulating currency coins like the penny, nickel, dime, and quarters etc. Just the coins and not the bills. It does seem like a grand idea, I'm sure the mint is making a little something off this too

. I say that if it is good enough for the dollar coin than it is good enough for the rest of the coins. Plus this would save us so much gas too.

gecko109 · June 21, 2008 2:11AM

<< 

<< No, I only want one at face value and don't what to pay S&H.

The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.

Sounds like a good idea to me. Search for errors. You can always just deposit them in the bank after searching. Bob >>

So wait after the Mint gets hit with the CC % charge and free shipping... aren't they losing money on this deal

>>

Considering it costs them about 17 cents to make each?

Edited: Make that just under 7 cents each!

DIMEMAN · June 21, 2008 2:16AM

NO!!! LET THEM KEEP THEIR BUTT UGLY COINS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

TwoSides2aCoin · June 21, 2008 2:23AM

<< NO!!! LET THEM KEEP THEIR BUTT UGLY COINS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! >>

THEY are us. LOL

garsmith · June 21, 2008 4:46AM

I would buy 500 but I think my pants would be well below my ankles before I made it to the gaming tables

Classof67 · June 21, 2008 12:38PM

Got my 250 this week, they are P mint. I'm west of the Mississippi, and usually get D mint at the bank.

Will you be ordering ?

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