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How to Make Money buying Coins from the US Mint - Get Credit Card rewards on Cash Purchases!

Updated on June 12, 2010

So maybe you have heard about this and maybe you have not. There have been a few articles out there and there are numerous forums that discuss it, but as far as I know, there is no short, sweet, "how to". So here we go!

The US Mint and US Treasury want to replace the $1 bill with $1 coins. Makes sense and it will save us all money as coins last MUCH longer than paper currency. Ok, so unless you are a stripper you probably do not have a problem with this right? I sure don't!!!  

Well, most banks are fighting it as apparently it takes more space and money to transport and store all those coins than the comparable $1 paper bills. So the banks do not want to play ball and are not helping to distribute the coins into circulation.  So the Treasury decided to get all 21st century on everyone and offer the coins for sale to the general public. Not only can you buy them ,but you can use a credit card to do so and the shipping is free!! I have been doing this for a little over a year, keep reading to find out why.....

I am one of those people who pay off my credit card EVERY month BUT who tries to use my credit card for every possible purchase in order to get my 1% back and/or miles. I usually make enough to have a free plane ticket every year. However, there are tons of places that I can not use credit cards (tips, some gas stations such as AM/PM and ARCO, the cheapest grocery store in my area, parking meters etc.) So I decided to order some coins as I would get my credit card rewards when I ordered them and then use the coins to pay at those places that do not take credit follow me so far??

This limited amount works well for me, but I know that some people have been buying the coins and depositing them directly with their bank, then using the deposits to pay off their credit card. Repeat often enough and you can REALLY rack up some serious points/miles/cashback. The program says that it is NOT supposed to be used for this purpose, but I would say that an occasional deposit of a few hundred coins would not matter. I have also found that several of the places where I use them really like the coins and I have off-loaded around $3000 worth by trading them for normal cash, which is VERY easy to deposit at the bank.

Ok, so you get the idea. Now lets go through the steps. This information has been compiled by reading HUNDREDS of pages of forum postings as well as my own personal experience, so you probably should listen to me on this.

Step #1 - Go to

There is a limit to your ordering ability. This limit has changed, but looks like it is currently a 4-box $1 Coin limit for every 10-day period on any and all $1 Coin orders. This means that you can order $1000 worth every 10 days ad there are 5 of the $25 rolls per box = $250 per box.

Step #2 - Go to " $1 Coin Direct Ship" Select your coins and go to checkout. It will say that there is a $4.95 shipping fee, but this will be waived on the last screen. The coins ship UPS overnight and require a signature so make sure there are going to a place where they can be signed for.

Step #3 - DO NOT TRY TO DEPOSIT THEM ALL AT THE BANK!! You might get the first deposit through, but, trust me, they will start getting annoyed and asking all kinds of questions if you try to bring too many in too often. A good rule of thumb is try not to drop off more than $500 to $750 at one branch at one time. DO NOT allow them to make you use the coin counting machines as they are NOTORIOUS for miscounting and jamming. Chase seems to be ok with these and if you spread them around you can probably move a decent amount through their branches. I am a big fan of asking the stores I shop at if they want them as I have had MANY want to trade cash for the coins.

Step #4 - DO NOT try to order a ton of these on a brand new card or on a card that you do not use for anything else as people have had their cards closed for that. I use my normal credit cards that I use all the time and have never had a problem with them.

At the end of the day, we are providing a service by getting these out into circulation. Get creative with it! I have been getting the $1.50 hot dog and soda at Costco and use my coins religiously there! I use them to tip valets and tip at Starbucks and everyone seems to love them!


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    • profile image


      7 years ago

      HaHaHa! :-)

    • profile image


      7 years ago

      IT's OVER :(

      Circulating $1 Coin Direct Ship Rolls

      The United States Mint has eliminated the credit and debit card purchase of $1 Coins through its Direct Ship Program effective July 22, 2011. Customers who wish to purchase $1 coins through the Direct Ship Program can still do so by wire transfer, check, or money order. Customers who wish to purchase the coins by wire transfer may fax their order to: (202) 756-6585. Customers interested in purchasing by check or money order may do so by writing to:

      United States Mint

      PO Box 71192

      Philadelphia, PA 19176-6192

      Please download the order form and follow the instructions provided on the form. (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, returned coins to the Federal Reserve. While not illegal, this activity was a clear abuse and misuse of the program.

      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 measures 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 coin is 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 coin program.

      The United States Mint

    • sam3m profile image


      7 years ago from New York

      great information. thanks a lot. i'll give it a shot.

    • Darlene Sabella profile image

      Darlene Sabella 

      8 years ago from Hello, my name is Toast and Jam, I live in the forest with my dog named Sam ...

      Very interested and wise advise, this is a great hub, and packed full of the right information to set you in the right direction. Thank you for sharing this with us, great hub...


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