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Last chance to launder 3V cards via Royal Mint coin purchases!

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I ran a couple of posts recently (here and here) on buying coins from the Royal Mint at face value.  Whilst this sounds slightly crazy, it allows you to ‘manufacture’ credit card spending to meet a sign-up bonus target, or to use up a 3V Virtual Visa card.

50p

The Royal Mint website has announced that June 30th will be the last day to order their Olympic coins.  The 50p and £5 coins – which are currently being sold at 50p and £5 each! – will then be withdrawn from sale.

Jump in now if you’re still interested.  Use code HT7WEB to get free postage, saving £3.

Comments (33)

  • sandgrounder says:

    Stop using the ‘L’ word! It makes me shudder every time! :—)

    • Daftboy says:

      Same! Working in the anti-money laundering side of things I would recommend caution when bandying terms like that around…stick to something like “convert” 😉

  • stu says:

    It’s only laundering if the money was dirty to start with! 🙂

  • Sinizter says:

    Can you use the £5 coins in shops and/or deposit to bank ?

    • Rob says:

      They are legal tender although you will struggle in a shop. Banks have to take them.

  • mike sanders says:

    Finding your newsletter very useful even though I live in Hong Kong, I have already got a Tesco card and i have just saved £5.00 at the Royal Mint. I will be in the UK for July and will be looking at all your deals
    Thanks very much
    Mike

  • Stevo says:

    Thanks Raffles – just got my first 3v cards this morning and have spent 50.00 at the royal mint.

    I’m sure it’ll be fine, but on the email confirmation it does say ‘Thank you for ordering from the Royal Mint. Your order is subject to availability.’

  • Mike Jones says:

    Just to confirm as well as that you can still get the site to accept Amex if you put United States in all the forms and then change to UK at the very end. Very handy for me as i’m trying to meet a target on my new Gold Rewards card.

    • JJ says:

      I didn’t even need to put United States into the forms to get Amex as a payment option – it showed up at the payment stage having used UK delivery and payment addresses. Order confirmed.

  • Hod says:

    Sorry, really basic qu here – if you’re paying for the coins with the 3V cards do you have to split it as 2 x £25 orders?

    • ComeFlyWithMe123 says:

      Yes – Also I asked about putting these into circulation. Retailers can refuse to take them but banks are fine. She did question why would I want to get rid of them as they are supposed to be commemorative pieces that once would collect. Thankfully for her, I spared her the details 🙂

  • Greenpen says:

    Only a few 50p coins available and no £5 ones (unless you want the proof/rare metal ones).