Earn free frequent flyer miles by purchasing dollar coins

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7-21-2011 @ 3:37PM

employmentfromhomeinfo said...

I have some information for those who are actually considering investing in these and trying to make money off of them.

The US Mint is offering a 'Bulk Purchase Program' that you have to arrange to pick up from either the DENVER or PHILADELPHIA US Mint office locations.

You also have to pay: $140,000 + $1400 or $1500 (depending on which coin you are ordering in bulk) by WIRE TRANSFER only.

These bulk bags contain 200,000 coins, BUT are ONLY WORTH $50,000.

If these coins are only worth $50,000 to any US Treasury Bank in the United States, then that means the US Treasury is really BANKING on YOUR dollar. That's why it is only a collector's item.

So, if you were to purchase $140,000 of bulk coins, pay the 1% - 3% handling charge. You would actually be losing money. Do the math.

You buy $140,000 + $1400 = $141,400 or $140,000 + $1500 = $141,500.
And it's only WORTH $50,000.

You just gave the US Treasury a whopping $91,400-$91,500 profit.

So, let me rephrase my question. Is buying the US Mint coins worth the money to invest in?

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