Dollar Coins In The Wild
On today's Planet Money: More on the mountain of dollar coins sitting unused in government vaults.
We talk to self-described 'travel hackers' who use frequent-flier mile credit cards to buy dollar coins and pile up miles.
And we learn that the U.S. Mint — just today! — said it would stop letting people use credit cards to buy the coins.
Money quote from the mint:
The Mint has determined that this policy change is prudent due to ongoing activity by individuals purchasing $1 coins with credit cards, accumulating frequent flyer miles, and then returning coins to local banks.
Also on the show: Why Ecuador loves U.S. dollar coins.
Planet Money's Wall-To-Wall Dollar Coin Coverage:
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