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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 02/13/2009 : 08:13:46
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You can order up to $5000 face for $5000 shipped free of the 2009 Sacagewea dollars. The game here is to order them on a credit card that gives you most cash back, search them for errors, maybe keep a few for fun, return the rest to a bank account that gives you a good interest rate, and then pay off the credit card after a few weeks. I estimate that I will make about $35 dollars in interest and cash back plus get the slim chance of finding an error.
Of course the cost is the trouble of opening all those rolls and returning them....
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Edited by - horgad on 02/13/2009 08:14:42 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/13/2009 : 10:24:49
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| Order them on a credit card where you get a percentage cash back and increase your profit. Don't open the rolls, just take them directly to the bank. This way you save time and you have $5k in hoard capital to do roll hunting with for 3 weeks for free. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 02/13/2009 : 11:44:07
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| It is free shipping but on the other hand, last time I did it DHL just left the box on my mailbox. Luckily I trust my neighbors but having a box with $500 cash left sitting in my yard is not how I would prefer to receive dollar coins. |
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fb101
Administrator
USA
2856 Posts |
Posted - 02/13/2009 : 12:31:07
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| Is it $5000 now? - I got my $500 Sacs 4 days ago. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/13/2009 : 12:33:29
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| Wow nice! If only I had a cc with cash back or mileage. I guess I could use my Paypal credit card since they offer 1% cashback ($5 per $500 ordered...better than nothing right?). |
My hobby: collecting real money 1 copper cent or nickel at a time.
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fb101
Administrator
USA
2856 Posts |
Posted - 02/13/2009 : 16:46:33
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quote:
Originally posted by CoinHunter53562
Wow nice! If only I had a cc with cash back or mileage. I guess I could use my Paypal credit card since they offer 1% cashback ($5 per $500 ordered...better than nothing right?).
Yes. $5 a shot and you can order almost all of the old dollar coins too, so you could turn your 1% into $50 or $60 by the end of this year. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/13/2009 : 17:02:52
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quote:
Originally posted by fb101
quote:
Originally posted by CoinHunter53562
Wow nice! If only I had a cc with cash back or mileage. I guess I could use my Paypal credit card since they offer 1% cashback ($5 per $500 ordered...better than nothing right?).
Yes. $5 a shot and you can order almost all of the old dollar coins too, so you could turn your 1% into $50 or $60 by the end of this year.
And then turn that into some silver!  |
My hobby: collecting real money 1 copper cent or nickel at a time.
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n/a
deleted
11 Posts |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/16/2009 : 16:25:03
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| I just order some SACS yesterday will see how long before I get them. Will keep a roll and dump the rest. |
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wholelottabon
Penny Sorter Member
USA
76 Posts |
Posted - 02/17/2009 : 06:38:55
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| i would do this but i live in columbus...could be more trouble than its worth |
Democrats + Republicans = Gambino's + Gotti's |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/17/2009 : 12:37:43
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quote:
Originally posted by PreformedCoinWrappers.com
I've done this to build credit for my business a few years back.
Works very well.
I hadnt thought of that angle, but that's a pretty darn good idea. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/18/2009 : 19:58:58
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quote:
Originally posted by CoinHunter53562
quote:
Originally posted by PreformedCoinWrappers.com
I've done this to build credit for my business a few years back.
Works very well.
I hadnt thought of that angle, but that's a pretty darn good idea.
Putting $5000 or $5 on your credit card builds your credit the same! As long as you pay your bill on time it will slowly build a small amount of credit at a time. If you dont pay your bill on time than it kills your credit.
The only advantage of doing this is to get free cashback on your credit card. Looks like you can order $500 of each pres and $5000 of the native americans. So right now you could get $2500 worth with of the pres and $5000 worth of nativs with free shipping. HMMM wonder how my dump bank would like me if I brought so many in LOL |
Copper Penny Investing
www.portlandmint.com |
Edited by - highroller4321 on 02/18/2009 20:10:45 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/19/2009 : 10:21:55
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| Holy crap HR....you smoked right through that 500 post level in no time! You might beat me to 1000 at the rate you are going! :P |
My hobby: collecting real money 1 copper cent or nickel at a time.
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/19/2009 : 21:59:11
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quote:
Originally posted by CoinHunter53562
Holy crap HR....you smoked right through that 500 post level in no time! You might beat me to 1000 at the rate you are going! :P
 Nah im only at 4.4 posts per day |
Copper Penny Investing
www.portlandmint.com |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/20/2009 : 09:34:43
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quote:
Originally posted by highroller4321
quote:
Originally posted by CoinHunter53562
Holy crap HR....you smoked right through that 500 post level in no time! You might beat me to 1000 at the rate you are going! :P
Nah im only at 4.4 posts per day
I could put that into my spreadsheet and see what it spits out.... |
My hobby: collecting real money 1 copper cent or nickel at a time.
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/20/2009 : 10:53:09
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quote:
Originally posted by CoinHunter53562
quote:
Originally posted by highroller4321
quote:
Originally posted by CoinHunter53562
Holy crap HR....you smoked right through that 500 post level in no time! You might beat me to 1000 at the rate you are going! :P
Nah im only at 4.4 posts per day
I could put that into my spreadsheet and see what it spits out....
I think your addicted!
We totaly hyjacked this thread though! |
Copper Penny Investing
www.portlandmint.com |
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simplicitycounts
Penny Hoarding Member
USA
535 Posts |
Posted - 02/26/2009 : 02:28:22
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| I'm amazed it let you order $5000. On the site it says limit 2 boxes per customer, and only 4 of the varities are currently available. I ordered $2000. I did it last time and it was a lot of fun. I used them to pay for items at garage sales, as tips, and deposited the rest. Boy was the bank teller annoyed. |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 02/26/2009 : 06:59:29
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quote:
Originally posted by simplicitycounts
I'm amazed it let you order $5000. On the site it says limit 2 boxes per customer, and only 4 of the varities are currently available. I ordered $2000...
You're looking at the presidential dollars, not the new Sacagewea ones. Although they are no longer available, it does say this on the webpage:
Maximum order quantity is 20 boxes or 5,000 coins. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 02/26/2009 : 11:24:35
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I have a box of the sacs for sale. 300 bucks for the box of 250 of them.
There was a limit of 2 boxes when I ordered them, the day they let you first order them. |
"99% of all lawyers give the rest of them a bad name"
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simplicitycounts
Penny Hoarding Member
USA
535 Posts |
Posted - 02/26/2009 : 11:35:02
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| Thanks AgCollector, I guess I will have to check back to see if they are available. I'm hoping they let my pres dollar order go through as I already ordered some last year. Maybe since it is a new year they won't care. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/26/2009 : 12:14:19
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| I have not heard anything about my order since the initial confirmation e-mail. I am guessing that I get cancelled, but still hoping... |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 02/26/2009 : 18:02:16
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| Horgad, I've not heard anything more either- and it's been over a week for me. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/13/2009 : 13:58:28
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quote:
Originally posted by AgCollector
Horgad, I've not heard anything more either- and it's been over a week for me.
My order did finally come, not too long after I posted that. Just today I finished returning the last of them (<1k). I sold many on E-BAY (25+ rolls) for about a $2.00 to $2.50 per roll profit before I decided that it wasn't worth the trouble or risk and pulled my listings.
All in all is was a success, except that the darn self-serve coin counter shorted me a dollar today. I even made the teller open the machine and check to see if it went into the junk bin, but no luck and she wasn't about to open the dollar bag and start counting them. Oh well part of the cost of doing business.
Also I got mostly Ps, but also some Ds. The cardboard on the boxes was actually slightly different shades of brown depending on which was which....go figure.
Lastly, if anybody is interested in selling on E-BAY for $2.00 to $2.50 a roll profit, I would be happy to share my selling strategy and even my picture.
No errors found... 
The look on the tellers face when I handed her a coin machine receipt for almost 3K.....priceless.  |
Edited by - horgad on 03/13/2009 14:02:35 |
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wheatcent
Penny Sorter Member
USA
26 Posts |
Posted - 03/30/2009 : 16:30:40
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I got $5000 worth of them next day air. I opened all of them to check for errors but none were found. The TCF Bank coin counter is great. I loved the look on the teller face when I cashed my receipt for $5000 and I wanted it in cash. LOL
P.S. It took the Mint over 40 days to fill my order but in the end it was not really worth the effort.
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 03/30/2009 : 16:33:22
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| Yeah, I finally got mine about a month after I ordered. Same story- nothing special found. |
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"Free" Money (again)
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