Message:

<p>[QUOTE=&quot;gatzdon, post: 389704, member: 8247&quot;]OK, here&#039;s some data points for you guys.</p><p><br /></p><p>This &quot;DEAL&quot; has hit the finance forums and is being taken advantage of like this.</p><p><br /></p><p>Order $500 in cash.</p><p>Pay with rewards credit card (many of those people are constantly chasing down the 5% rewards cards)</p><p>Deposit/Spend Cash.</p><p>Rinse/Repeat***</p><p><br /></p><p>***That&#039;s right.&nbsp; Many of these people have rinsed/repeated to the tune of 10 or more orders.&nbsp; Many with the same credit card number/address only changing the authorized user&#039;s name.&nbsp; The Mint is essentially making no effort to weed out duplicate orders.&nbsp; </p><p><br /></p><p>One of the concepts that many of the people on those forums didn&#039;t get is that the mint has almost 100% seigniorage going on.&nbsp; The feds pretty much shipping nothing to the Mint.&nbsp; If it&#039;s a machine countable blank disk, the fed recirculates it.&nbsp; If it&#039;s not machine countable, the bank returns it to the business that attempted to deposit it and it usually ends up in the garbage.</p><p><br /></p><p>So think of it this way.&nbsp; Your garbage dumpster is full and overflowing.&nbsp; What do you do?&nbsp; Get a trash compactor and shove more garbage in of course.&nbsp; The Feds aren&#039;t ordering everything that the mint is producing, so the Mint has figured another way to force these coins into the Fed&#039;s vaults and out of theirs.</p><p><br /></p><p>What does this mean to us?</p><p><br /></p><p>If you want more of these dollar coins.&nbsp; Feel free to order more.&nbsp; Apparently the order limit is not being enforced.&nbsp; For reference, all the dollar coins I received were identical to the ones we get from the bank (JQA UNC) and all had a P mintmark.</p><p><br /></p><p>Enjoy[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in