spotcompare.blogg.se - Buying us mint coins

During this time, I didn’t have to do anything except log in and track my order every few days. It took about 2 weeks for the mint to fill my order and deliver the coins. That’s called leverage and it’s bitten many people that got careless with it. That was important because even though I had access to the $15,000 in credit I needed to make my order, I didn’t actually have that much sitting in my bank account to make a disaster disappear. Most credit cards come with a 25-30 day grace period – the time between when you purchase something and when you have to pay for it without paying interest.īy waiting till the beginning of a new billing cycle, I gave myself 50 days to get things figured out if the **** hit the fan. I waited till the beginning of the month to place my order. They said to call the day before I came in and everything would be all set. I knew this was going to be an unusual transaction, so before I made my order, I called ahead to make sure everything would work out. I’d just bought $15,000 worth of $1 coins. I took a deep breath, crossed my fingers, and hit that “confirm order” button. And, there wasn’t really any way around the fact that things might not go according to plan, so I just had to accept that.

Learning to ignore that is something I recommend working on sooner rather than later.Īssuming the US Mint and my bank weren’t trying to scam me, that only left myself as the scam artist and I knew I wasn’t trying to cheat anyone, so that took care of that concern. When you choose to accept more risk in your life, you’re going to have more and more people telling you you’re foolish. That was about the time I started to realize just how important it is to think for yourself when it comes to decisions like this. I thought everyone would be excited about this amazing trick I’d discovered. I started floating the plan around to some of my friends and co-workers, excited to hear what they thought of this great scheme, but everyone gave me one of two responses: I’d have to cross my fingers a little and try something new, but I liked the idea. All it took was some quick math to realize I could make $300 to help pay for my new computer for what seemed like very little work.

I wasn’t planning to go anywhere, but I did have a credit card with a high limit and a cash back rewards program.

Repeat until you’re tired of traveling/carrying really heavy coins.īingo.

Use the airline miles gained from the transaction to go somewhere exotic and have a lot of fun.

Wait for the deposit to clear and use the funds to pay off the credit card purchase.

Deposit the coins into your checking account.

Buy a bunch of coins from the US Mint on your credit card.

Sure, it was 7 years old and heavily worn, but at the time I was trying to save enough money to quit my job and the thought of shelling out more of my hard earned cash to buy a new one was making me grumpy.Īt the same time, I was remembering a little trick I’d been reading about on some internet forums where travelers were buying coins from the US Mint in order to rack up airline miles. Late last year, my computer was dying and I was upset.