On another note.... wouldn't it be cool if a bunch of us got the ONLY errored JQA coins produced, and ended up selling EACH coin for $500!!!!

Now that would be a FWF / Hotdeal, all rolled into ONE!

You guys are geniuses...

GroveStreetOG said:........But this situation is different than the First Spouse situation. The mintage was MUCH smaller than this one, and there isn't anything special about these coins, other than that they're novel and kind of cool. There isn't going to be any opportunity for speculation. I think that our coin orders are going to be pretty small potatoes compared to the number they are going to have available, which is probably in the tens of millions.

As far as logistics are concerned, I agree this is completely different. I was merely relaying a past experience with how the Mint handled order limits. All orders were accepted, but manually canceled at later time. I didn't want people to put in multiple orders thinking it was OK because a couple days go by and they didn't cancel yet. I personally am waiting for the FedEx confirmation before submitting any more orders. That way if they cancel, I'm guarenteed of still getting the first order.

gatzdon said:GroveStreetOG said:........But this situation is different than the First Spouse situation. The mintage was MUCH smaller than this one, and there isn't anything special about these coins, other than that they're novel and kind of cool. There isn't going to be any opportunity for speculation. I think that our coin orders are going to be pretty small potatoes compared to the number they are going to have available, which is probably in the tens of millions.


As far as logistics are concerned, I agree this is completely different. I was merely relaying a past experience with how the Mint handled order limits. All orders were accepted, but manually canceled at later time. I didn't want people to put in multiple orders thinking it was OK because a couple days go by and they didn't cancel yet. I personally am waiting for the FedEx confirmation before submitting any more orders. That way if they cancel, I'm guarenteed of still getting the first order.

Yep, very good advice and worth following.

I feel bad.... I could make $5, but I'd cost the gov't at least $9 in shipping (plus credit card fee's, but whatever). I just don't feel it's right to get an extra $5 in my pocket at a cost to the economy of the shipping.

I've failed as a fatwalleter.....

(got no problem with buying a cash item via CC, since the economy as a whole doesn't really see a decrease in the pie there. It's just the shipping costs the economy/environment, and doesn't seem worth the cost for such a small gain.)

I only have a 1% Cash Back card. Is this worth it for the hassle? Any other 1% folks getting in on this deal?

i'll need to get that 5% everywhere card, my 5% only good for gas, grocery pharmacy, and even that was cancelled to 2% last few months ago. sux to be me, i dont think 1% is worth it, 2% is questionable, but 5% i'm all over it. That's 5% instant, not 5% per year, so even if you're maxed to just one transaction per billing period, that's 5% per month deal. Still, the question, where can I get my 5% anywhere card? as for circulating the dollar? I'll buy it if they'll sell it to me for, say, $480 shipped.

camiolo said:I feel bad.... I could make $5, but I'd cost the gov't at least $9 in shipping (plus credit card fee's, but whatever). I just don't feel it's right to get an extra $5 in my pocket at a cost to the economy of the shipping.

I've failed as a fatwalleter.....

Camilo, you just got me thinking here for a momment.

Now, I'm sure that the government has decided on a budget to circulate these, and are going to spend millions on getting them circulated, so why shouldn't I help the government for a tiny fraction of their budget?

I know it's going to cost them a few bucks to ship, and another tad in CC fees, but if WE do not order these coins, the government will devise some type of other (and more expensive) scheme to get them circulated.

So there you have it. I am BOTH being the good samaritan AND making a few bucks along the way.

One potential wrinkle to this plan is that many banks will charge a 10% - 15% fee for coin deposits, and some won't even accept coins in rolls because they have to use their own coin counting machine to verify the quantity.

Make sure your bank will allow this deposit first, or be prepared to be spending a lot of $1 coins in the coming weeks.

The US Mint is one of the few government departments that makes a profit and does not use taxpayer money. They actually put money in the US Treasury every year. So when you hear complaints about the penny/nickel costing "Taxpayers" money, it's quite the misnomer. It's costing the Mint money. What they are really complaining about is that the Mint is not depositing as much money in the treasury as they could be.

Now if you wanted to feel sorry for anyone, it's the Federal Reserve System. They get these coins, they pay face value for them, and they are stuck storing them as there is very little demand for them.