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News Link • Boondoggle and white elephants

U.S. Mint Ends The Dollar Coin “Scam” For Airline Miles

• law, folks are allowed to pay debts such as their car payments using crates of coins, if they wish to do so. 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.”

On one hand, I agree with the Mint’s decision but on the other, I believe the program should have been continued despite the abuse. Why? Because the costs of manufacturing and storing these coins is astronomical. Ironically, it may be cheaper for them to keep paying those credit card processing fees and shipping costs, just to get rid of these darn coins that no one wants.

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