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January 21, 2010


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I bought just (1) pack, so $250, several months ago. I use them for my (2) boys to give as an offering on Sunday mornings at church Sunday school, as well as just loose change to carry with me - vending machines, etc. I like them a lot, and would love to see the $1 bill phased out. I had bought the Washington ones, though, which are (sort of) similar to a quarter when you aren't looking too closely, so for future purchases, I'd probably opt for a different President one.


Any time I use the ATM at work I immediately go to the change machine and change the bills into $1 coins. I despise carrying coins around so whatever is left over at the end of the day goes straight into my change jar. A weird way to save a little money, but it works for me.

According to the WSJ article, "The Mint has added a warning to its Web site that credit-card companies could consider the purchases cash-equivalent transactions not eligible for miles, and Mint officials plan to contact credit-card issuers to try to implement a solution".

So it doesn't sound like they've made any changes yet, but they might. If you want to order some coins for their intended use it might be better to do it now before they categorize all of these transactions as cash advances.

Cash advance transactions also often have fees associated with them like 1-4% range. That would really make it bad choice to use a credit card to buy $500 coins if you have to pay 1-4% fee.

FMF, I love your Blessing Boxes idea! I have often felt led to thank and bless people who have "thankless" jobs. I travel in airports a bit at times, and I like to give a gold coin to the people who clean the bathrooms there, and to the members of the armed forces who are traveling.

Let's be perfectly clear....the coins may be 'golden' in
color, but there is no gold in them.....right?

Wikipedia:- The Sacagawea and Presidential dollars are usually referred to as golden, despite not containing any gold, as they are of a golden color.

I just got %500 worth of the one dollar coins which were charged to my AmEx card on Jan 14, 2010 and it does not appear as a cash advance. I probably won't buy any more for a long time.

These are extremely awkward to use. I converted $250.00 which fits easily in my pocket as bills, but as these coins they are about 10 lbs. They may be green (last 20 years compared to bills lasting 2 to 3 years, therefore they are made less often), but not very user friendly

I read about people buying up coins with a credit card to rack up miles or other rewards. I think it's wild that some people got away with purchasing so much! I really hope that these coins continue to circulate and eventually replace the dollar.

I've purchased several thousand dollars worth of these coins over the last couple of years, and honestly most of those have been deposited back into the bank. I just don't spend that much cash, so my opportunities to put these in circulation is limited. However, I am greatly enjoying all the credit card cash back!

FMF - You are correct that the limit is 2 boxes for each president, however you can order up to 20 boxes of the Native American dollar coins ($5,000). This much is a bit impractical if you are going to spend them, but if all you care about is the credit card points it is the way to go.

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