The|Coinologist.

Always Buying Coins, Currency, and Cool Stuff.

Abuse | Creates Direct Ship Restrictions.

with one comment

This U.S. Mint has implemented certain restrictions on its Direct Ship Program due to abuse.  It seems certain reward hungry people have been buying these coins on credit cards with reward programs and then returning coins to local banks. Local banks, in turn, returned coins to the Federal Reserve.  This defeats the whole purpose of the program, because those coins never make it into circulation, thus not promoting use of the dollar coins.  You can still take advantage of the program with a wire transfer, check, or money order.  Well it doesn’t surprise me, a few people always ruin it for the rest of us!

Photo: U.S. Mint

Written by Robert L. Wilson

July 26, 2011 at 7:26 am

One Response

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  1. There are folks who abuse the program which is surprising that such a program existed, cut production of the $1 note even by 1% a year or just 5% and you will save money in conjunction with this, halfs negelected

    factchecker

    October 2, 2011 at 1:10 am


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