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UPDATE: PFS Buyers Club has increased the commission for each gold coin to $1,005!
Update from Nick: I wanted to add a few notes to what Greg originally wrote here.
First, given the low mintage on this coin, demand is likely to be very high. As such, some readers have noted that PFS likely won’t be the highest profit you could score. The idea behind buyers clubs is that you take out the risk of volatility and the hassle and risk of dealing with an individual buyer. In exchange, you take less profit. Obviously the buyers club intends to sell the product for more than they pay you, so there is also the chance that you could find buyers willing to pay more. On the flip side, I tried to help a family member sell a coin deal locally once and couldn’t find a local coin shop interested. They ended up selling the coins on eBay for a large profit, but with the risk of a buyer scamming them (as a seller I’ve had empty boxes “returned” to me over the years or counterfeit products returned or buyers who said they didn’t receive an item or it wasn’t as described and PayPal / eBay will almost always side with the buyer). I’ve also had many good buyers. To each his own in terms of deciding their best option. If you opt in, I advise you to honor your commitment as the ability to pre-fill their own orders is what keeps these buyers clubs offering opportunities for pajama points / profit.
However, I also want to note a caveat: as I’ve noted in previous posts and on the podcast, there is inherent risk in buyers clubs. I have personally sold 5-figures worth of products to PFS Buyers Club in the past and always gotten paid as agreed and on time. We have also listed many PFS deals and I don’t ever recall a reader reporting that they weren’t paid as agreed (on the contrary, many have reported their positive experiences). However, many readers will remember gift card reselling site The Plastic Merchant, which folded unexpectedly a few years ago and left many people empty-handed and out thousands of dollars. Indeed, I had sold a lot of gift cards to TPM and gotten paid properly for a long while – but eventually, that train stopped hard. I’m personally confident that PFS is going to pay out as expected, which is why I opted in for one with them on this deal. Given the high price these coins are likely to fetch, I imagine they already have a buyer lined up that will make it easy for them to meet their commitments to those of us who opt in, but it is worth emphasizing that the risks inherent with a buyers club are not zero. A commenter here at Frequent Miler once compared it to extending your credit line to a stranger. I’ve done enough business with PFS to feel confident in doing that for this deal, but it’s worth considering whether or not you feel comfortable with that idea.
The US Mint is releasing two new coin deals this Thursday. This may be a great opportunity to put over $2500 spend on a credit card while also making over $1,000 profit!
Deal 1 V75 Gold
The US Mint will release a limited edition End of World War II 75th Anniversary Gold coin. The coin will cost $2,600.00 plus $4.95 for shipping.
Key Terms
- Offer goes live Thursday November 5th at 12:00PM ET.
- Production limit: 1,945.
- Limit 1 per household.
- Cost: $2,600 plus $4.95 shipping.
Deal 2 V75 Silver
The US Mint will release a limited edition End of World War II 75th Anniversary Silver coin. The coin will cost $83 plus $4.95 shipping.
Key Terms
- Offer goes live Thursday November 5th at 12:00PM ET.
- Production limit: 75,000
- Limit 1 per household.
- Cost: $83 plus $4.95 shipping.
Quick Thoughts
If you’re not interested in collecting coins, limited production coin deals like these can make sense because they often resell for much more than the purchase price. If you’re not interested in the risk of buying prospectively in the hopes of selling for much more, you can lock in a fixed profit through a buying club…
PFS Buyers Club
PFS Buyers Club offers an easy way to get a fixed profit from coin deals. For the deals listed above, PFS Buyers Club is offering the following commissions (in other words, they’ll cover the amount you paid plus this much more):
- V75 Gold:
$525.05$1,000.05
- V75 Silver: $62.05
I’ve never done one of these deals through PFS Buyers Club, but I’ve heard numerous positive data points.
Here are the full terms for the PFS Buyers Club deal:
- Click the green “Opt in” button below to opt in to the deal.
More detailed instructions will be posted on this page after you opt in.
- On November 5th, at (as close as possible to) 12:00PM ET, you will purchase 1 End of World War II 75th Anniversary American Eagle Gold Proof Coin and have the order shipped to your home or office.
- You must input your Order Number in your “My Orders” page by 7:00PM on November 5th.
- When the order arrives, you must keep the box sealed. This even refers to the outer shipping box – do not open the box at all.
- You must ship the coin to PFS via the prepaid return label within 2 business days of receiving it.
- You will receive a receipt from PFS Buyers Club once your order has been received.
- Payment will be sent via e-Check, PayPal, or check within 7 business days of the coin being delivered to a PFS Buyers Club.
If you’re interested in giving PFS Buyers Club a try, please consider signing up with our referral link, with our thanks:
Once you’ve signed up, PFS Buyers club offers full details online about how the deal works. If you then decide to go forward with the deals, you’ll have an option to click “Opt In” for each deal. Important Note: While it can’t hurt to sign up for PFS Buyers Club, please don’t opt in for these deals unless you are fully committed to purchasing the coins.
Additional Tips For This Deal
- Make sure you have an active US Mint account before you go to buy the coins. If you don’t, you can register here https://catalog.usmint.gov/on/demandware.store/Sites-USM-Site/default/Account-StartRegister
- Make sure your US Mint account has your correct address – it’s best if your billing and shipping addresses are the same.
- Make sure your US Mint account has your up-to-date credit card info stored.
- Make sure you are available a bit prior to 12pm Eastern (9am Pacific) so that you’re signed in and ready. The gold coin is expected to sell out very quickly.
- If you’re placing multiple orders to different households, make sure that neither shipping nor billing addresses are duplicates.
Will I Be Doing This Deal?
Even though I have heard good things from friends about PFS Buyers Club, I haven’t done any of these deals in the past. This time, though, the profit potential has me interested. Lock in over $500 $1,000 profit with just one coin? Sure, sign me up! Of course, I do expect that this will be an exercise in frustration since the demand for the gold coin offer will likely be huge. In other words, I’ll be surprised if I manage to snag a coin before they’re all sold out. That said, for over $1,000 profit, I’m willing to put in the 5 or 10 minutes of madly clicking and refreshing my browser to try to buy the coin. And as a consolation prize, my bet is that it will be pretty easy to buy the silver coin since there will be so many more of them available. If so, that will be an easy $62 profit. Not a bad consolation.
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[…] I know that many points and miles people take advantage of sales of limited production precious metal coins from the US Mint as both a way to earn extra points and as a reselling opportunity, as these coins cost anywhere […]
[…] lotta luck. Many readers (and countless thousands of others) tried in vain this afternoon to score one of 1,945 commemorative World War II coins issued by the US Mint. As is often the case with popular US Mint deals, the website crashed repeatedly. Somehow, through […]
I was able to get a couple of the silver coins. Figure there should be several hundred dollars of profit in that on eBay.
I got a silver one too. Had the gold in my cart and tried and tried and after many errors it said it was longer available. So I removed the gold from my cart and at about 9:28am my silver order went through. I think I made it to the final page at least 30 times before it actually processed.
got 2 order confirmations for Silver (From refreshing the submit screen)….and I’m logging in from Mexico! Didn’t even bother trying for Gold…shows sold out 15 minutes after..but prob was sold out within 5 minutes.
Guessing 1 will be deleted / canceled..score if they send 2!
EDIT: 2 order acknowledgements via email, and I print screened1 checkout confirmation
I got all the way to the checkout page and then received the ineligible item in my cart error.
You were not alone. Same for me
The Captcha got me. Kept saying that I had to complete a captcha but would never load it.
Mine is bicycle and boat. Then temporarily ban access. >_<
Same, nothing like being banned from the federal mint
I’m happy I was at least able to see the add to bag button. Didn’t get past that though. My anxiety for the day was spent in the last 20 minutes.
Well, that was futile. I got temporarily banned about 5 times haha. I actually made it to the final checkout page and was clicking submit before I received an error message. So close!
TOTAL. WASTE. OF. TIME.
Yeah, I got
Sorry, you have been blockedYou are unable to access usmint.gov
Exercise in futility an understatement, lol
Looks like their service provider viewed the volume of traffic as a Denial of Service (DOS) attack and shut it down. Hahahahaha
Thats our gubermint for ya.
I mean who could have possibly predicted the site crashing and millions of page refreshes….
Got all set up, 4 minutes to go, ready to click … and as we get to 8:59 Message on US Mint site says Oops something went wrong. Tried to log in again, no luck. Obviously swamped.
LOL the US Mint site can’t even load the page.
[…] promise to sell it to them (if you’re lucky enough to get it in the first place). Comments on Greg’s post about this deal indicated that many readers may wonder about buyers clubs, so I wanted to share some basics for […]
2600 price released
Given the Chase Freedom 5x for Paypal this Q, and that the US Mint offers Paypal as an option, I am assuming that there is no mention of Paypal here (or on the PFS site) because it would cause further delay by being referred to the Paypal site upon payment. Is that correct? Stick to cc only?
Remember, Chase Freedom only gives you the 5x for the first $1,500, after that it will only be 1x. If you are already planning on meeting the $1,500 for the quarter without the purchase of this coin, I would recommend using another card.