Here’s a relatively easy way to make several hundred dollars later this week.
The US Mint is releasing a pair of limited edition coins commemorating the end of World War II. One is the American Eagle Gold Proof Coin and the other is the American Eagle Silver Proof Coin. The sale starts on Thursday, November 5, at 12:00 PM EST.
The Silver coin will sell for $83. PFS Buyers Club estimates that the gold version will cost approximately $2,550. (Plus $4.95 shipping charges for each coin.). There’s a limit of one coin each purchased per household (read: address).
PFS Buyers Club is buying the coins from people who successfully order them — and the profits are fairly big. (This is where you can make some nice coin for buying and reselling nice coins 🙂 .)
They’re paying $150 for the Silver coin, which comes to a profit of $62.05.
But things get really interesting with the Gold. PFS is offering $525.05 a $1000.05 commission for each gold coin.
How It Works
PFS has a fairly detailed description on their site. But here’s the gist:
- Sign into PFS.
- Opt-in/create a reservation for the sale.
- You order the coins and pay for them.
- These usually sell out within a few minutes. So it’s by no means a slam-dunk.
- The coins are shipped to you.
- PFS supplies you with a pre-printed shipping label(s) you attached the box(es) you receive from the Mint. Do not open the boxes. Just ship them.
- You drop off the box(es) at a shipping center (last time, it was FedEx). Get a receipt.
- Within a few days, PFS will send your payment. (I opt for PayPal, which is fee-free.)
I’ve done business with PFS. They pay quickly and answer any questions you have. They expect you to be prompt with getting them your order details and shipping the coin as soon as you get it.
As soon as you sign up for PFS, make sure to set up an account with the US Mint (if you don’t already have one). Get your payment preferences, address, and all that other stuff figured out ahead of time. Their website always hangs during big sales. Like with most things in life, it’s good to be prepared.
Don’t Forget Points or Cashback!
The US Mint accepts Visa, Mastercard, American Express, Discover, and PayPal. So you should earn applicable points or cashback for your purchase(s) if paying with a rewards card. If you haven’t maxed out your Chase Freedom or Chase Freedom Flex PayPal 5% cashback bonus yet, this could be a nice opportunity to make a few more bucks.
American Express will reportedly code coin and bullion purchases as cash advances — as of January 15, 2021. If you’d rather not understandably risk not getting hit with a cash advance charge and not earning points, consider using a different bank’s card.
Featured image: ©iStock.com/Maximusnd
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