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Get Free Frequent Flyer Miles Courtesy of U.S. Mint - UPDATE: Discontinued

submitted on July 15, 2011 by pablos17 in "Member's Lounge", last updated on July 25, 2011 by HouTex
I saw some stories about this trick a couple of months ago, but just haven't bothered to try it out. In my opinion, I think it is a bit scam'ish. Some have really racked up some free miles using this method though. It would be nice if Americans would start using coins instead of dollar bills since coins last so much longer and saves our country money to produce.
photo courtesy of RichMintz.com

Not exactly ethical, but it's not a crime -- at least not yet. The trick (it feels more like a scam) is to use a government program meant for promoting the circulation of dollar coins for everyday use. And it's not new: travel hackers have been doing it for years, and it's only recently that the federal government has caught on and done something about it.

It goes something like this: The U.S. Mint, through a 2005 act of Congress, is required to place $1 billion worth of the golden presidential and Sacagewea dollars into circulation in an effort to stimulate general use. The only problem is, the coins haven't really caught on with the general public. But there is one group of people that have enthusiastically embraced their use: travel hackers, so called because they aggressively look for loopholes in promotional programs and for tips on travel websites for ways in which to make the best use of their travel dollars. Much of this "hacking" involves taking advantage of frequent flier programs in unique and innovative ways.

Read more:
http://finance.yahoo.com/banki.....-budgeting
        

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  Comments
  • 119066
    orangearrows
    professor
    2 3
    7 1 1
    Posted by orangearrows on July 15, 2011 [reply] 0 0
    Interesting
      119070
    • orangearrows
      professor
      2 3
      7 1 1
      Posted by orangearrows on July 15, 2011
      [reply] 1 0
      I put in my order - it's back-ordered - got free shipping.
  • 119071
    orangearrows
    professor
    2 3
    7 1 1
    Posted by orangearrows on July 15, 2011
    [reply] 2 0
    Got my confirmation email also - seems like they put a hold on my CC too - Smile
  • 119929
    orangearrows
    professor
    2 3
    7 1 1
    Posted by orangearrows on July 25, 2011
    [reply] 1 0
    Got this email in response to my order I placed earlier. They closed the loophole.

    ==================

    Dear United States Mint Direct Ship Customer:

    The United States Mint has eliminated the credit and debit card purchase of $1 Coins through its Direct Ship Program effective July 20, 2011. Customers who wish to purchase $1 coins through the Direct Ship Program can still do so by using a wire transfer, money order or check. Customers who wish to purchase the coins by wire transfer may fax their order to (202)756-6585. Customers interested in purchasing by money order or check may do so by submitting your request in writing to the following address:

    United States Mint
    PO Box 71192
    Philadelphia, PA 19176-6192

    Please download the order form which includes wire transfer information and follow the instructions provided on the form. http://www.usmint.gov/download.....erform.pdf


    If you currently have an open $1 coin Direct Ship order placed with the United States Mint, that order will be cancelled. Please resubmit your order by wire transfer, check or money order using the order form. The Mint has determined that this policy change is prudent due to ongoing activity by individuals purchasing $1 coins with credit cards, accumulating frequent flyer miles, and then returning coins to local banks. Local banks, in turn, return coins to the Federal Reserve. While not illegal, this activity is a clear abuse and misuse of the program which was intended to facilitate the use of $1 coins in cash transactions.

    The Mint has undertaken several aggressive internal and external actions to mitigate this issue, including restricting chronic and repeated use of credit cards, contacting customers who frequently placed large numbers of orders to ensure they were using the coins for legitimate business purchases, and other measures. While these efforts eliminated a significant amount of misuse in the program, we believe some abuse still exists. Eliminating the credit and debit card purchase of the $1 coin is the next step in our efforts to root out abuse in this program and ensure it is better targeted toward fulfilling its intended purpose – which is to get the $1 coin into greater circulation.

    Thank you for your understanding and your continued support of the $1 Coin Program.

    The United States Mint
      119935
    • pablos17
      deity
      2 4 6
      10 8 2
      Posted by pablos17 on July 25, 2011 [reply] 0 0
      Too good of a tricky deal to last forever. Thanks for reporting the response OA.

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