Related: Discussion of this deal at dansdeals.com/forums.
There is officially a limit of 2 boxes ($500) of each president.
Update-06/25: Well, I got the coins I ordered, all 7,000 of ’em. They were dropped off at my front door without any signature, where they sat for a week before I got home! (Ya, I don’t think that $7,000 worth of coins would still be sitting there if my front porch was in NYC…)
They came in 14 packages, each containing 2 boxes, which in turn each held 10 rolls of 25 coins.
Not wasting any time, I brought all ~130 pounds of coins to my local bank. You should’ve seen the teller’s eyes when I told her that the deposit slip saying $7,000 in cash was all coins! Anyway, she calls over the branch manager who asks how I got so many coins.
Honesty is always the best policy, so I showed him my packing slip/invoice from the US mint for the 7,000 coins and told him I did it for the miles. The guy started cracking up hysterically! He couldn’t believe that the US mint could be so crazy as to sell money at face value, but was totally impressed that I actually bought $7,000 in coins to deposit in my account.
After opening 2 of the 28 boxes and seeing the coins in the rolls straight from the mint, he told the teller to just credit my account for the $7,000 without opening up each box.
Originally posted on 06/02:
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Update: Remember that with the Starwood Consumer AMEX you get a bonus 15,000 Starpoints for spending $15,000 within 6 months, in addition to the 10,000 Starpoint bonus after the 1st purchase with the card. This is a great way to reach that limit. In addition people have been able to get the 15,000 Starpoint bonus on the Starwood Business AMEX automatically as well, or by calling up AMEX after spending $15,000 on the card.
Why would you want to buy 500 $1 coins for $500?
1. Free Starpoints!!!
2. If you have a good savings account you can get the free interest for up to 2 months depending on your credit card’s cycle time.
Just choose the standard shipping for $4.95 and at the final checkout page it will correct itself to being free, as it says it will be on the product page.
Limit $500 per order. There doesn’t appear to be a limit per person or per household!