Nah they only place a temporary authorization and then it goes away. Kind of like how hotels & gas stations. The actual charge doesn’t post until it’s shipped.
It’s not “hinky” at all. The US Mint is just verifying that the card used to place the order actually has enough available credit to pay for the order. If they waited until October to place the actual charge what could they do if some people’s cards didn’t go through? They’d have to cancel the order and put it back up for sale which is a big pain. Might as well take care of that stuff now when they’re not dealing with the hassle of shipping hundreds of thousands of coins at the same time.
Which is why it does make sense. Think about it: If you still have a few months before shipping why wouldn’t you use some of that time to go through orders and make sure everything is valid and ready to go when the time comes? It would be a nightmare trying to deal with invalid credit cards while in the middle of shipping all that stuff. Might as well do it beforehand and be ready. If they actually billed people I would say it’s dumb to take the money that early but in this case they’re not actually taking the money just making sure all the payment methods are valid.
Because its meaningless when its that far out. The card could expire, they may have to get a new one from fraud, just because there's money in July doesnt mean there will be in October etc. I get its all automated and doesnt take any effort by them but it's just pointless that far in advance
I don’t think it’s so much about fraud as it is to ensure people who seriously want one actually get it. If someone fraudulently replaces their card and it doesn’t go through the order is cancelled and nothing changes. But if someone really wants one and they put in the wrong number or something the Mint can contact them asking for the correct information rather than upsetting the customer by cancelling their order due to incorrect information.
I wasn't referring to the mint. Many people have to get a new card once a year or so because of fraud that was committed by someone for a charge dispute they have to do. Once that happens part of the charge back is the CC company cancels your card and sends you a new one which would make your Jul/August card worthless in October.
I have a 1967 US dime with the "We" not there In God We Trust. An has an extra T before Trust. Is it worth anything
Hi manssajess….. You probably won’t get any response because you posted in a thread that has to do with another subject. If you go to the top of the page you will see an option to start a new thread. Use that and attach a photo. You will get covered up with answers to your question.
I’m not really sure how that would all work. But I’m guessing the US Mint has people who are optimizing things to be as smooth and fast as possible.
I just looked at my VISA. Its expiration date is October 2021. It's good through the 31st. Should I get my card renewed? Or if I do and put the new expiration date on it, will it still go through? Wow. I never thought that could happen?
Your account number will stay the same. What will change, rendering the initial card invalid, is the three digit CVV code.
I called my bank and they said that as long as they bill me by October 31, I shouldn't have any problems. The purchase is for two Morgans (D & S, I think), so if I don't get it maybe there will be some other sucker out their that will get them.
Interesting read from Coin World; Mint officials identify scope of ‘bots’ in online sales https://www.coinworld.com/news/us-coins/mint-officials-identify-scope-of-bots-in-online-sales
The sad thing is that the mint software during the recent Morgan-Peace dollar sale identified me as a bot after a number of unsuccessful attempts. I can attest that I'm not a bot! A fool? Maybe. Ugly? I want a second opinion!
If I get a new credit card with a new CVV code before October and I enter my new credit card info, will they use the new card? More than likely, they will cancel the order. I just wanted the new 2021 Morgans match my 1921 Morgans.