US Mint- Open orders to be cancelled

Discussion in 'General Discussion | Miles/Points' started by MLW20, Jul 25, 2011.  |  Print Topic

  1. MLW20
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    MLW20 Gold Member

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    Here is an e-mail that I received earlier today from the US Mint bringing the last bit of bad news regarding $1 coins. I was hoping to at least get my last order!

    Dear United States Mint Direct Ship Customer:
    The United States Mint has eliminated the credit and debit cardpurchase 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 soby using a wiretransfer, money order orcheck. Customers who wish to purchase the coins by wire transfer may fax their order to (202)756-6585. Customers interested in purchasing bymoney orderor check may do so by submitting your request in writing to the following address:

    UnitedStates Mint
    PO Box 71192
    Philadelphia, PA 19176-6192
    Pleasedownload the order form which includes wire transfer information andfollow the instructions provided on the form. http://www.usmint.gov/downloads/directShip/orderform.pdf

    If you currently have an open $1coin Direct Ship order placed with the United States Mint, that order will be cancelled. Please resubmit your order by wire transfer, check or moneyorderusing 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 coinis 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 CoinProgram.
    The United States Mint
     
  2. rajuabju
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    rajuabju Gold Member

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    Got the same email. What poo heads. I was hoping my last batch of $15k would go through.
     
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  3. neil
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    neil Silver Member

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    'twas good--great--while it lasted
     
  4. Lufthansa Flyer
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    Lufthansa Flyer Gold Member

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    all good things.......this no different.....stinks to lose 36000 miles a yr.
     
  5. carsonheim
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    carsonheim Gold Member

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    stinks to lose 300K per year :(
     
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  6. gpaya
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    gpaya Gold Member

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    I actually canceled my last order voluntarily as I had already met my minimum spend. Back-ordered orders should be fulfilled...
     
  7. NYCAdventurer

    NYCAdventurer Gold Member

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    Like a glove
     
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  8. MLW20
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    MLW20 Gold Member

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    So ironic that you would say that. Hussssss
     
  9. Same email.
     
  10. PhlyingRPh
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    PhlyingRPh Silver Member

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    It's better than taxing the rich :)
    Nice job, US Mint.
     
  11. Slow_Mustang
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    Slow_Mustang Silver Member

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    My orders from 7/15 which till yesterday were showing as 'in process', are now showing as 'cancelled'. So, it's officially over for me.
     
  12. montacute
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    montacute Silver Member

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    Strange--I use 6 different e-mails with my orders. Some of the accounts got the e-mail of death on Friday, others just got them yesterday.
     
  13. FlashBack
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    FlashBack Silver Member

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    The funny part is under item status it says “item no longer available”.
     
  14. Andyandy
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    Andyandy Gold Member

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    Alas. Same here, "in process" orders now cancelled. I was hoping for some bureacratic inertia here.
     
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  15. upgrade

    upgrade Gold Member

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    +1
    How am I going to do my pirate routine when paying the neighbors' kid for watering & picking up our mail? I need my doubloons! (Oh yeah, the miles, too.)
     
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  16. msny

    msny Gold Member

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    Got the same email..
     
  17. MLW20
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    MLW20 Gold Member

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    You can get your shillings but no miles for you matey!
     
  18. Surface Interval
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    Surface Interval Silver Member

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    Ha! All of the direct ship coins are now available - including those that were "sold out" for weeks.:rolleyes:
     
  19. PointHoarder
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    PointHoarder Silver Member

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    Only they're not available using CCs :(
     
  20. NYBanker
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    NYBanker Gold Member

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    Odd. I received a 2 month old backorder today.
     
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