![]() However the most outrageous story CreditCardForum has heard was from a man who reportedly ordered over $2,400,000 worth of dollar coins in total, since the inception of the program. ![]() One forum poster even directed the shipment of coins straight to the bank whom his mortgage was with, so he didn’t have to “hassle with hauling them over myself, because I have a bad back.” In a nutshell, he’s pointing out that by law, folks are allowed to pay debts such as their car payments using crates of coins, if they wish to do so. Wal-Mart doesn't have to accept them for a real-time purchase, but the county tax collector or or the lender of your car note DOES have to accept them).” “…the Coinage Act of 1965, which states that any DEBT can be paid with any legal tender US currency. “My partner and I will be departing on a luxury first class vacation in the French Riviera using this frequent flyer miles strategy!” exclaimed a poster on CreditCardForum discussing the dollar coins.Īnother poster replies with this clever piece of advice: A whole cottage industry emerged, concocting schemes to buy (and quickly return to banks) the massive shipments of dollar coins, while keeping the cash back and miles earned through their credit cards. With free shipping and credit card payments accepted, you can guess where this story is heading. Mint launched a “direct ship” program in June 2008, to sell the coins to the public. However there is a segment of the population that happens to love these coins and that all started when the U.S. Not surprisingly, this has resulted in an ever-growing stockpile of the unwanted dollar coins – presently around $1.2 billion of them, according to NPR. Like most government programs, they forgot to address the basic question “Do people actually want a clunky pocketful of coins?” But instead of asking that, they thought it would be best to just shove ‘em down our throats and hope for the best. Note: To ensure that all members of the public have fair and equal access to United States Mint products, the United States Mint will not accept and will not honor orders placed prior to the official on-sale date of May 15, 2023, at noon EDT.Account icon An icon in the shape of a person's head and shoulders. Its numismatic programs are self-sustaining and operate at no cost to taxpayers. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins Congressional Gold Medals silver and bronze medals and silver and gold bullion coins. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. Ĭongress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. Once you sign up, you will receive the next product released in the series and continue to receive products until you end your enrollment. Subscriptions work like a magazine subscription. The Kennedy Half Dollar bags and rolls are also available for purchase through the Mint’s Product Subscription Program. To set up REMIND ME alerts for the Kennedy Half Dollar products, visit: Inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “HALF DOLLAR.” The coin’s obverse (heads) features the original 1964 design of President Kennedy with the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and “2023.” The reverse (tails) design is based on the Presidential Coat of Arms. ![]() The Mint launched the Kennedy Half Dollar coin in 1964 following the assassination of President John F. The bags are marked with a “P” or “D” for the mint of origin and “$100” for the face value of the contents. The coin rolls are wrapped in United States Mint paper coin wrap marked with a “P” or “D” for the mint of origin and “$10” for the face value of the roll. Available product options include the following:īoth product options contain circulating quality coins from the Denver and Philadelphia Mints that have never been placed in circulation. WASHINGTON – The United States Mint (Mint) will accept orders for rolls and bags of the 2023 Kennedy Half Dollar coins beginning May 15 at noon EDT. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |