Still Alive: Make Money With the US Mint

Back in June last year I posted about making some extra $$ by purcharsing the newly released dollar coins. Well to my surprise the deal is still going so I thought I would remind everyone about it.

Here is how it works:

The $1 coins, wrapped in rolls of 25, are available in quantities of $250 (1 box) or $500 (2 boxes). Each order is limited to $500, but there is no where that says you can’t place multiple orders. There is no service fee to purchase with a credit card and standard shipping is free. (Initially it says that shipping is $4.95, but once you get to the check-out screen the shipping charge goes to $0.)

The goal here is to use a reward credit card or a card that has a 0% balance transfer on purchases to purchase the coins. Then once you get the coins in the mail deposit them at your local bank. So when you make the purchase you get the rewards or float on the interest since the coins are in the bank and you have a 0% purchase rate.

 Seems pretty easy huh? Well it is. The whole point of selling the coins is for the US Mint to get them into circulation and that is exactly what you are helping to do. Now whether or not your bank gives them out to other customers is a different question.

To odrder go to the US Mint Home Page, then Click on the “$1 Coin Direct Ship” link on the left menu bar. From there you just select the coins you want and check out.

Some reward cards to consider using:
Discover Cash Back Card – 5% cash back in selected categories, 1% everywhere else + $50 bonus after first $500 in purchases. (You would get the $50 bonus after your first Coins order!!) + 0% APR for 6 months on purchases
Costco American Express Card – Get 1% Cash Back + $25 bonus with first purchase (You would get the $25 bonus after your first Coins order!!)

Written by BudgetBoy · Filed Under Free Money