The US Mint no longer allows credit cards purchases of dollar coins through their website. The announcement, currently here, states:
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. Local banks, in turn, returned coins to the Federal Reserve. While not illegal, this activity was a clear abuse and misuse of the program.
Was this in response to the slanted NPR article from a week ago? This is problematic, because while there was fraud going on, it seems clear that this was also a major avenue for coins to actually become distributed, judging by the statistics.
The information US mint blog has posted that there is also currently legislature going through congress hoping to put an end to the presidential dollar coin series.
Given these pieces of news, it seems like whoever has a vendetta against the dollar coin has been winning people over very recently; time will tell how this goes.
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