(DEAD!!)Order Dollar Coins from US Mint at Face Value with Free Shipping (DEAD!)

Looks like things are flowing again. All orders made between 9/16 and 9/23 now have temporary holds placed on the credit cards.

Sucks to hear about everyone's bank problems. The tellers at my bank love me and all I do now is give them the small boxes of $250 and they accept that as a deposit. No fees, no coin counting machine, no coin bags. Instant credit to my account

Do both shipping options show up as free after running through the order form? I've been selecting standard shipping but saw above that someone mentioned they got them shipped overnight.

sechs said: TheRealRayCharles said: Do both shipping options show up as free after running through the order form? I've been selecting standard shipping but saw above that someone mentioned they got them shipped overnight.It is better to read the quick summary than to make a post and remove all doubt....

He can't read it. Ray Charles is blind.

pthor1231 said: RedCelicaGT said: sechs said: TheRealRayCharles said: Do both shipping options show up as free after running through the order form? I've been selecting standard shipping but saw above that someone mentioned they got them shipped overnight.It is better to read the quick summary than to make a post and remove all doubt....He can't read it. Ray Charles is blind.Thats why he wants to be paid in dollar coins ... He's also dead.

polaris said: So who here is selling these on eBay? Someone is selling $25 rolls for $32 plus s/h and people are actually biting: link.

It's been a while since I have had the coin collecting bug, so I'm not familiar with the terminology anymore. How accurate is calling these coins uncirculated, since the mint specifies they are non-numismatic circulation grade coins?

The eBay trade has been going on forever. Most of the time the auctions don't seem to close, but clearly there is an opportunity here to make a few extra bucks on the coins you are buying. Its all a question of time.

largeeyes said: That guy doesn't seem to have any that actually sold.

It's not a lot, but that seller did sell 9 rolls of dollar coins in September at a 28% profit.

polaris said: largeeyes said: That guy doesn't seem to have any that actually sold.

It's not a lot, but that seller did sell 9 rolls of dollar coins in September at a 28% profit.

If your an eBay seller, selling these coins (you only need to create one listing) might be the little extra push needed towards obtaining powerseller status (I believe it's still $1500 sales a month for 3 months..)

After factoring eBay and Pay Pal fees, the actual profit is considerably less then 28%. Closer to 10%. Still, making $2.50 for packaging something up (2 minutes) isn't bad as a seller, creating that one listing needed (multiple quantities) took less then 5.

DavidScubadiver said: rshot said: polaris said: largeeyes said: That guy doesn't seem to have any that actually sold.

It's not a lot, but that seller did sell 9 rolls of dollar coins in September at a 28% profit.

If your an eBay seller, selling these coins (you only need to create one listing) might be the little extra push needed towards obtaining powerseller status (I believe it's still $1500 sales a month for 3 months..)

After factoring eBay and Pay Pal fees, the actual profit is considerably less then 28%. Closer to 10%. Still, making $2.50 for packaging something up (2 minutes) isn't bad as a seller, creating that one listing needed (multiple quantities) took less then 5.Most sellers would insure, no? So that means a trip to the post office. Anyway, I can't be bothered going to the bank, so no way in hell I will be bothered posting a listing and shipping these things.

You put insurance on a 25 dollar item??? you can buy insurance online anyway.

drumdrum said: Has anyone had success in getting a large amount of missing coins replaced by the mint? UPS dropped off about 20K worth at the gate at the base of my driveway even though the gate is open. It was supposed to be a sig required delivery but they didn't even attempt to come to my house. When I look at the UPS tracking link it says delivered and it was signed by me. This is impossible. The coins are no where to be seen. I have read that it is futile to initiate a charge back on my CC and that you have to take it up directly with the Mint then they will file a claim with UPS. For anybody that has had to deal with this, was a police report necessary and what was the end result?

This is all possible. Some guy recently got in trouble for stealing over 30000+ DVDs. Pursue this heavily. You will probably get a lot of flak when filing a police report. Who in their right mind orders that much in cash? But this is FWF, so a lot of us are nutty in this respect.

First, pursue the delivery person. Second, UPS and other signature based mail policies need to be updated with proof of residence, or an outright recipient account set up through the internet. Recipients could set up a qualified person for pickup. They too must show ID to sign for said package/s. Third, purchase a security system. Track the shipping of these packages with your 24/hr camera system hooked up to your home-office server. The cost of the home system ($200-400) will be easy to recoup with 1% to 2% Cash Back rewards. I know I'll be investing in a system if this happens, regardless of how small the shipment loss.

You could also consider staggering your orders on different days. I notice that orders I make on the same day all ship together. So make your orders on different days. You put yourself up for risk for delayed shipping, but prevent a larger loss if this ever happens.

drumdrum said: Has anyone had success in getting a large amount of missing coins replaced by the mint? UPS dropped off about 20K worth at the gate at the base of my driveway even though the gate is open. It was supposed to be a sig required delivery but they didn't even attempt to come to my house. When I look at the UPS tracking link it says delivered and it was signed by me. This is impossible. The coins are no where to be seen. I have read that it is futile to initiate a charge back on my CC and that you have to take it up directly with the Mint then they will file a claim with UPS. For anybody that has had to deal with this, was a police report necessary and what was the end result?

Your very first step is to file a police report and then call UPS on a Saturday, yes, TODAY, to report the incidence, not waiting till Monday. Third, you should contact your credit card company TODAY to reverse the charge. If you have nothing to hide, a police report will put pressure on UPS delivery person to see whom forged your signature.

Before Mint changes its policies to signature required delivery, many people claimed they did not receive the packages. Shortly, after the changes, we heard a lot less complains about missing packages.

After Mint changes its policies to signature required delivery, the only way not to get the package is that someone forged your signatures, unless the package is stolen. Now, the pressure is on UPS to prove your signature is not forged.

If someone stole your coins, either the UPS delivery person, your neighbor, or a stranger, a police report is essential to establish the timeline. You seem to put all the blames on UPS and I found this troublesome.

I had the same problem with BofA to the tune of $180.XX. The branch manager investigated and gave me the receipts from their 3rd party coin counting company (Loomis) showing the amounts, along with emails to Loomis stating that they count each batch twice for accuracy. I wrote a letter to the executive offices, which resulted in a letter from their research and adjustments department wanting more information. Their investigation is still pending, but I'm not optimistic. The good news is I've made far more than what I'm out. I had it happen one other time for < $50 which the bank gave me a goodwill.

I'm getting sketchy depositing these at USBank. They always welcome my ~2k with but they always ask me where I get them from and seem suspicious. I am rotating banks so that's a good thing. I am getting them within a week of ordering now though, so I guess volume might be down.

On a side note, I tried buying carparts off CL with $100 bucks of rolled DC's and the dude wouldn't take them. He didn't believe they existed.

How do you know they were dropped off at your gate?

pacman777 said: Last time I go to this branch.

That was probably her goal.

Yeah I realized that, so I am really trying to find a bank with a coin counter ASAP!

lotusgardener said: I'm getting sketchy depositing these at USBank. They always welcome my ~2k with but they always ask me where I get them from and seem suspicious. I am rotating banks so that's a good thingRotating branches of the same bank is not such a good idea. But perhaps you mean rotating b/t completely separate Banks, which is not as negative.

Squeezer99 said: Regions Bank made me break open all the rolls and deposit into coin bags.

I am using Regions too but they never asked me to put the coins in the coin bags. I deposited up to 5K at a time without any problems. OTOH, Chase asked me to buy bags to deposit the coins and then I would have to pay the "handle" fee on top of the cost of the bags (see my post in this thread about a month ago. Obviously, I am depositing my coins at Regions now.

Both of these two banks are huge banks downtown area, not some small satellite branches.

I think if you're rotating branches on the same day and doing large amounts at each, that's much more likely to lead to a SAR. If you do a small amount at one branch on Monday and a small amount at another branch on Thursday, nothing is going to happen.

If you have checking accounts at three different banks and you use two different branches for each bank and deposit $300 per visit, that's $1800 you can dump every week without raising any red flags. Nobody is going to bat an eyelash if you only bring $300 to each branch per week. I know a lot of people like to churn way more than $1800 per week, but for someone just doing this on a small scale, it's really not that hard to stay under the radar.