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Earn free frequent flyer miles by purchasing dollar coins {Gadling}
Jul 21st 2011 3:44PM Here are the links for the information I have found:
The Bulk Purchase Program. (2011). Retrieved from The United States Mint Coins and Medals Program website at http://www.usmint.gov/bulk/, on 21, July 2011 by Employment From Home.com.
F.A.Q. (2011). Retrieved from The United States Mint Coins and Medals Program website at http://www.usmint.gov/bulk/ATBQ-BulkPurchaseProgram_QA.PDF, on 21, July 2011 by Employment From Home.com.
Earn free frequent flyer miles by purchasing dollar coins {Gadling}
Jul 21st 2011 3:37PM 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?
