Thursday, May 7, 2009

US Mint Direct Ship Program


One can purchase circulating coinage from the US Mint at face value. They accept credit cards, and there is no shipping charge.

This allows for running large purchases through mileage-earning credit cards at zero cost. Here are $2000 in dollar coins, weighing 35 lbs (16.2kg), headed for deposit to the bank.

I am purchasing money at an effective discount which covers the credit card rewards and shipping. However, the Mint is still doing very nicely out of my purchases - they make ~75% margin (seigniorage) on dollar coins.

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