How the US Mint Helped Frequent Fliers Make a Mint

WillieBoyd2

From the Wall Street Journal:

Enthusiasts of frequent-flier mileage have all kinds of crazy strategies
for racking up credits, but few have been as quick and easy as turning coins
into miles.

At least several hundred mile-junkies discovered that a free shipping offer on
presidential and Native American $1 coins, sold at face value by the U.S. Mint,
amounted to printing free frequent-flier miles. Mileage lovers ordered more than
$1 million in coins until the Mint started identifying them and cutting them off.

Coin buyers charged the purchases, sold in boxes of 250 coins, to a credit card
that offers frequent-flier mile awards, then took the shipments straight to the
bank. They then used the coins they deposited to pay their credit-card bills.
Their only cost: the car trip to make the deposit.

Full story:
http://online.wsj.com/article/SB126014168569179245.html

RWB

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