I was looking at the Canadian Mint website the other day, and I saw this coin:
Mint $25 for $25 Coin
Given that we’re in the holidays – my first thought was – wouldn’t be such a nice coin to get for this time of year? Then I realized I don’t keep the coin anyways. 😉
Additional Reading: Buying Coins are a Great Way to Spend on your Credit Card
What was crazy, however, was that you can get over $2300 in coins in one order.
Mint Order
That’s the highest amount I’ve ever seen at once. While you are limited by household, there are multiple creative ways to get around that. Just two orders would satisfy the high minimum spend requirements for the American Express Business Gold and Business Platinum Card.
People are saying it’s not possible, but it is. At one point I was doing 5 figures every 14 days, teehee.
Mint – My Order
There’s one question I’ve been getting a lot via email, so I might as well answer it publicly:
How Do I Deposit these Coins?
All Big 5 banks should have a process to deposit these coins at face value. Your local branch might not know about it, but if you go high enough someone will definitely know. With firsthand reports from friends and readers, I know people have been able to deposit these coins at four out of the Big 5 Banks, so anyone living in the country should be able to do so.
Purchase Link: Royal Canadian Mint
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No wonder so many folks in the states were saying they were moving to Canada after our recent election!
Hah!
No tax on the purchase?
Nope!
How are you getting around the one household requirement?
There are ways 🙂
What do you say when they ask you why you have so many of these coins?
I collect a lot of coins 🙂
Any one in Winnipeg successfully at exchanging coins for cash. I have been to two banks and even talked to the manager but they would not do it.
I would suggest contacting the 1-800 customer service line and lodging a formal complaint, because for sure members of the Big 5 take them. It’s a bank-wide policy.
What category does this fall under on your cc statement?? Can someone check for me?
weird, did the mint website sell out of all 20 for 20 and 50 for 50 and X for X coins? i can’t find them anywhere on the website anymore
Yep, they pulled all face value coins.
I have a feeling you’re the one to blame… Mr. “5 figures every 14 days”. 😛