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Buying Royal Mint coins at face value on your credit card

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In the USA a couple of years ago, there was a cult hobby amongst mileage enthusiasts – buying $1 coins in bulk from the US Mint and depositing them into your bank account.

Due to free shipping deals, it was a great way to earn miles on your credit card.  As long, of course, as you didn’t mind taking literally thousands of $1 coins down to your local bank.

The deal finally died, but not before making the press.

You can now play this game on a small scale in the UK!

The Royal Mint appears to be stuck with a pile of commemorative 50p coins from the Olympic Games!  Over on its website, it is offering 50p commemorative coins for, erm, 50p The miles or points you earn on your credit spend are therefore free.

Using code OLAFPP gets you free postage as well when you spend £10!

There is a limit of 4 per coin per address, so you can’t spend much more than £50 this way on your credit card (there are 28 different coins I think).  But, let’s be honest, aren’t you secretly grateful that you don’t have the temptation to buy £5,000-worth and deposit them in your bank?!

Comments (38)

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  • Polo says:

    Have I got up too early?

    Purchase limit of 4 per coin and there’s 25 coins = 100 coins

    100 x £0.50 = £50 (not £25)

    • Rob says:

      Er, yes.

      Wrote this one quickly as we headed out the door for the long weekend ….

  • Tom says:

    Is anyone else able to get the free delivery code to take off the postage charges?
    There are 28 coins, so one set = £14, and therefore 4 sets would be £56.

    • Tom says:

      Looks like the free delivery code doesn’t work on the 50p coins reduced to 50p
      See this twitter exchange with Royal Mint
      Search for “OLAFPP royal mint twitter”

      If the free delivery code doesn’t work the delivery charge works out at a little over 5% on a £56 spend

      • Squillion says:

        Worked fine for me. Saw the twitter convo but OP probably screwed up. The free delivery code was indeed a bit of a bguger but if you put it in right at then end it should be fine. I had to re-enter it a couple of times as the site was clunky but it worked x2. There are probably other free delivery codes out there if you google it.

  • Roger says:

    Interesting offer.

    No Avios for me, though. In Olympic style, only Visa cards are accepted for payment. I guess I could earn some Hilton points, though.

    • Roger says:

      Sorry, wrong! Visa AND MasterCards accepted, so I can use my bmi MC.

  • Robin says:

    And AMEX too but I have some 3V cards to use LOL
    But where do we enter the free delivery code??

  • Squillion says:

    I think there are 28 different coins (sorry Raffles, wrong info from me!) as I got one lot of 60 and one lot of 48 – and there’s a coin that costs £1.50 so I didn’t buy that. So £54 in total. You could be canny and get exactly £25 on 3V I guess 😉

    ISTR that I bought 2 lots as the postage goes up (and isn’t free) after a certain weight.

    Oh – and I paid for something else (a big order that I cancelled) on Amex, I think I managed it by putting in USA as my country (they’re allowed the Amex option) then switching address later. Give it a try maybe.

    Coins arrived after about 3 days.

  • dlwcmotd says:

    looks like we broke the royal mint website?

    • Squillion says:

      It’s dead clunky. I just had 4 windows going at a time to speed things up.

  • dlwcmotd says:

    you don’t get it on coins sold at their legal tender value (i.e. 50p face value coin sold at 50p)… worth clicking through anyway though just in case 🙂

    • Neil Spellings says:

      Ah well. Was worth a try!

      Still not managed to get the free delivery code to work though, tried about 15 times on Step 4 of the checkout process. Postage always shows at £3

  • Roger says:

    Here’s a curiosity. I couldn’t get OLAFPP to work for free p&p so I went on to register, thinking I might be able to insert the code later.

    Anyway, I checked my order and it somehow defaulted to an Afghanistan destination! What’s more, each 50p price became 42p. Postage was £12.50 on a bulk order, so the total was less than was being asked for UK destinations @ 50p per coin + £5.

    Oh yes, each line was marked ‘not available for Afghanistan’. Clunky, or what?

    I don’t know if there is any mileage in gifting coins to family or friends outside the UK.

    OLAFPP still not working for me.

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