Posted by William Charles on November 13, 2019
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Published on November 13th, 2019 | by William Charles

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[DEAD] Purchase U.S. Mint Coin For $86.90 & Sell For $200 ($113.10+ Profit)

Update 11/13/19: Reminder this goes on sale Thursday, November 14th – at 12:00PM ET. Make sure you have a mint account created if you don’t already.

Update: PFS is now paying $200 in total for $113.10 in profit. If you’ve already opted in you’ll receive this increased price.

The Offer

PFSBuyersclub (referral link)

  • PFSBuyersclub has a deal where you can purchase a American Eagle 2019 One Ounce Silver Enhanced Reverse Proof from the U.S. mint for $86.90 and they will buy it from you for $187
    • On Thursday, November 14th – at 12:00PM ET, the US Mint will release a limited edition coin.
    • The purchase is limited to one (1) coin per household.
    • The cost of the coin and shipping is $86.90 (must do overnight shipping on this deal)
    • Signup for a PFS account and then opt in for the deal to lock yourself in. Be sure you’ll be available to make the purchase at noon on Thursday.
    • You can see more details here.

Our Verdict

Please only opt in if you’re 100% committed to selling the coin to PFS if you’re successful in purchasing it. You basically get the box shipped to you and then use the prepaid FedEx shipping label that PFSBuyersclub ships to you. It’s important that you read all of the detailed instructions given to you by PFS as well. You will need to preregister for this deal with PFSBuyersclub, there are limited number of spots so if you preregister and are able to successfully purchase a coin you must ship it to PFSBuyersclub. Make sure you only preregister if you intend to send the coin to PFS.

Do not to use U.S. Bank cards or the Elan/Fidelity card since they don’t earn points or meet spend requirements. Amex and other cards should work fine (use Chase Freedom via PayPal for extra 5%). There’s always some amount of risk when dealing with any company. Hundreds of people have successfully got paid out from PFS for a long time. We have no affiliation with PFS. They do have a referral program, and we’ll get $20 if you sign up for a PFS account using our referral link, above. Thanks. It’s also worth mentioning if that if PFS ups the rate they are purchasing these coins for, you’ll receive the increased rate even if you were already opted it.

 



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MoreSun
MoreSun

How long do you have to ship the coin to PFS from when you receive it? (Might be traveling then)

dan
dan

Usually only a day or two.

TW
TW

2 days per their terms

CtownBin
CtownBin

It’s 2 BUSINESS days I believe. Big difference in this case, since all the shipments will be delivered on Friday. Gives us until Tuesday to ship.

Kyle
Kyle

From their detailed list of instructions: “*You must ship the coin to PFS via the prepaid return label within 2 business days of receiving it.”

Peter
Peter

You do have to sign for it. If you know you’ll be traveling you can ship somewhere else.

Josho
Josho

Can anyone in your household sign for it?

Tsar
Tsar

Limit 1 coin per household at this time

Josho
Josho

Not what I’m asking. The package delivery requires signature.

Justin
Justin

If you miss the signature you can typically pick it up at your local UPS store, or whoever shipped it, right?

Brian
Brian

If someone is home for delivery, anyone can sign. If you have them hold it at a ups store or customer center, only the person who it is addressed to can pick it up.

Griz
Griz

No. The mint requires it to be shipped to your house and signed by someone 18+. They do not allow it to be redirected. Learned that the hard way.

Justin
Justin

mine is coming tomorrow

AndreRamirez
AndreRamirez

Missed out on the last coin related offer. Will make a special note not to forget this time. Thanks William Charles !

Mint
Mint

Would I receive 1099-INT from PFSByersclub?

Chuck

Not the I’m aware of. I used them once last year and didn’t get anything. I don’t think a sale requires giving a 1099 legally.

Tom
Tom

PayPal gave me a 1099 on the palladium coin deal payout so Done E-check payout next time and no issue.

Chuck

Yeah, Paypal 1099 is a different story (but I assume only if you hit $20k/200 throughout the year). E-check is a good idea.

J. Sarayda Shapiro
J. Sarayda Shapiro

Chuck, can you give me more information on what you mean by “hit 20k/200”? I get paid for a lot of things via PayPal, and wonder if I will get a 1099.

Chuck

If you receive $20k and also have 200 receive-money transactions, it’s possible you’ll get a 1099. Google it.

qmc
qmc

It’s not interest, so no. However, tax speaking, that is a sale and taxable gain.

albert
albert

eagles are not reportable at all, any amount

Burton

Why would that be? I would think it is either a $100 gain (proceeds less cost) or $100 in nonemployee compensation. A 1099-MISC usually has a $600 threshold before they are required to issue the form to you but it is still income.

qmc
qmc

Nobody is issuing you a 1099-MISC because they are not “employing” or “paying” you for labor. They are buying it from you. Yes, it is income, and yes it is reportable, but they will not send you a tax form.

3dogsnight
3dogsnight

No. Its a sale, not interest earned.

Beefer
Beefer

Presale is already selling for $600+ on eBay.

Krish
Krish

What is special with this coin?

Steve
Steve

Only 30,000 minted. It would be best to try multiple ways to order. Recently under similar circumstances I was logged in on my tablet, my computer and speed dialing with my left hand. I got thru on my tablet. It is also worth noting that there are other avenues to sell this coin.

AndreRamirez
AndreRamirez

holy moly he’s right!

AWLL
AWLL

so why would I not just sell on ebay?

The Value Traveler
The Value Traveler

There is less of a chance to get ripped off here. Ebay is the fraudsters paradise. Just speaking from experience.

JT
JT

Fees and fraud. PFS is easy mode, just ship it and forget it.

Burton

Market value will fluctuate, no guarantee you’d get >$187 after shipping/fees and always a small risk buyer will claim they didn’t receive the product. I might ask someone to buy one for me and then do this offer myself, give them $100 and end up with a free coin.

Gadget 🕵️

I am not understanding this… how you end up with a free coin? I think you missed a step, or mixing stories. I can understand a buyer saying they never got it via e-bay, but the last part is escaping me.

ren
ren

Burton is saying to recruit some unsuspecting friend to buy the coin from the mint, give the friend only $100, and sell the coin to Pfs for $187. Profit is $87 you can use to buy the coin from the mint, making it “free” for you Gadget 🕵️ .

Gadget 🕵️

Ahhh. Ok. My mind wouldn’t jump there because at worst I would split the profit with the friend. I wouldn’t expedite the keeper coin and have an almost free coin for myself, hypothetically speaking…

Burton

You make it sound nefarious – they are aware of the offer and are not interested. My after tax profit is probably closer to $60 so giving them $30 of it in the unlikely event that we are both able to purchase is fair to both sides considering they bear reduced risk.

As gadget hypothesized they wouldn’t expedite the keeper coin.

Burton

I will try to do the PFSBC offer myself, buy it and sell it = $100 profit. I’m comfortable with the process and the small amount of risk.

I’ll also ask a friend that is not interested in PFSBC to try to buy one and if they are successful they can make about $30 by selling it to me for $100 cash rather than mailing it off to a strange entity (to them).

Net result, I’d get a coin for free (minus income tax impact) and I’m not pulling a fast one on my friend as they are making $30 for with minimal effort or risk. If I were to do the PFSBC offer 2x which it seems they allow I’d split the profits but I don’t plan to do that.

Kay
Kay

That’s why you get it insured.

JV
JV

Check with local coin shops. Planning on getting 2 of these. I have them sold for $450 each. Purchase order already in hand.

GoPack
GoPack

What kind of shops do you mean, pawn shops or are there actual shops specifically just for coins? I live in LA so I imagine this city has every kind of shop there is 😉

Gadget 🕵️

If you don’t have the yellow pages… https://www.jmbullion.com/local/california/los-angeles/

JV
JV

i mean a coin shop. The one i go to is the largest in the southeast and i’m lucky to have it in my backyard.

vc
vc

curious how this turned out for everyone, including you. how much did you profit?

Don
Don

fyi the referral terms say won’t pay out via blogs, so you guys know

Chuck

We are in touch with them directly about this. Thanks for the headsup, though.

gus g
gus g

im going to give this a shot

Tony
Tony

I was new to these coin deals last time DoC posted a deal over the Canadian and USA joint coin set. I saw a commenter here saying how the presales on eBay were going for much higher than what APMEX (the company that was buying the coins from you) was going to give you.
I decided to buy 5 sets of coins since the presales on eBay were doing very very well.
The market demand for these coins ended up tanking, with the coins selling on eBay for less than what APMEX was offering (considering selling fees, shipping). I did sell all the coins, but I did have a slight loss. I probably could have gained a profit, but since I knew nothing about coins, I decided to sell them as soon as possible to avoid any further risk.

My advice is to think twice if you are thinking about buying these coins and selling them yourself.

Adam
Adam

if i remember right that Pride of Two Nations Coin Set had 110K units released. this one is only 30K… supply and demand

3dogsnight
3dogsnight

I just spoke with a local coin shop, and they told me they weren’t looking to buy this new coin since its the same one that was included in the pride of two nations set. Basically said there will be 140k of them in circulation, so the demand won’t be that high. I don’t know how much I believe that, butttt I signed up for the pfcbuyers since I know its a guaranteed pmt.

Abe
Abe

3dogsnight The pride of two nations Silver eagle has a “W” mint mark vs this coin which has the “S” mint mark. It is well known in the coin world that even a slight imperfection or different mint mark does make a difference in the collectible arena. I spoke to my local coin shop and they told me they would only give me $10 over the price the US mint was selling them for. They are not aggressive on it.

3dogsnight
3dogsnight

I thought the mint mark would make a difference too. Who knows. They may just think there won’t be a big demand for it around here.

channelz28
channelz28

Thanks for posting that. I remember that thread, saying that presales were like $300 or something on ebay. I always wonder how that stuff works out. Good to have some first hand info. I always feel like I should take the easy money if I’m not knowledgeable about what I’m selling.

JV
JV

I go the safer route. Instead of ebay or PFS/APMEX i use a local coin shop to sell through and they have always been fair and provide good returns. I feel using a local shop is without risk because i hand them my coin and walk out with cash. Much lower chance of getting scammed. Palladium deal i profited $400, Canada/USA coin set i got $175 for the 5 sets, this AE i’ll profit right around $350. I know everyone needs to make money along the way, but i like my safe route.

Kevin
Kevin

Nothing wrong with your strategy, it’s basically the same deal except you’re getting paid more and not having any shipping/payout delays. If we all had a relationship with a local coin shop I’m 100% sure we’d all be doing that.

KLUE
KLUE

I noticed on the US Mint site you can pay with PayPal. Should take note to use Freedom card.

Mike
Mike

If this were one of the bigger dollar deals like the palladium coin last year I would agree as the 5% adds up. I think on this one being only $87 I wouldnt risk the extra 10 seconds or so to verify paypal if that loses me the deal. Not worth the extra $2-3 IMO.

TravelingTricks.com

My GUESS is that the ‘BUY’ page precedes the ‘how will you pay?’ page, meaning you get your spot secured first, then choose the shipping and payment method.

Amy
Amy

You can link your PayPal account and have it be the only payment method on record, and then that will be used automatically (i.e., I’m seeing that, once I’m logged in, have already set default billing and shipping addresses, and pick an item to put in my bag, clicking the Checkout button loads the checkout page such that I simply need to click the terms box and ‘Place Order’ button in Step 4: Confirm Order).

Abey
Abey

Thanks! I buy a lot of items for a local buying group with local drop off locations. But this is something special at $100 profit.

Abey
Abey

Just remember when ordering from the mint it’s 1 per household.
So (aside from separate emails) you need first and last names and then add an A B C to the address like 762A 762B 762C and so on.
(Been doing this for a while…).

Joey
Joey

And obviously separate mint accounts as well, correct?

Abey
Abey

Yes.

nick
nick

Abey i would like to get more than 1, but want to make sure i am understanding you correctly. so different first and last name and for example if my address is “505 main st, tampa, fl” i can alter that to 505b main st tampa, fl??? what happens when creating a us mint acc? don’t shipping and billing have to match? would i be able to add my credit card and put my roommate’s name on that 2nd acc? tyvm

Abey
Abey

Yea to all. Whatever you type in for shipping address do the same for billing address. (Most credit cards especially Amex will work fine even if the orders billing address has a different name and address).

nick
nick

Abey cool… so to verify on us mint acc just enter same billing/shipping address along with using another email? i can go ahead and still enter my card info if i have it shipped in someone else’s name or i assume i could just ship it in my name because technically shipping/billing address will be different. thanks again

TravelingTricks.com

Remember the Google ignores ‘ periods ‘ . So yourname@gmail.com = your.name@gmail – same account for simplicity.

JR
JR

All that ever matter for shipping is the Zip Code

joe
joe

usually as long as you put in a billing thats the same zip your good, even if the address is a little off

sybloc
sybloc

How do you simultaneously buy the coins with multiple accounts?

Won’t this sell out instantly?

I think you’d be lucky to get one or the offer from PFS wouldn’t be so generous.

spoil sport
spoil sport

Not to be a killjoy, but when you do this, you are defrauding the government and if you are caught and they decide to prosecute, the consequences could be quite severe. Doesn’t seem worth the risk for a few hundred bucks. Depends on your “Personal Risk Tolerance” as they say.

Steve
Steve

I certainly hope that you aren’t practicing law anywhere. The US Mint places absolutely no limitation on re-sales of coins purchased from them. None. Please provide the statutory reference to the section of the United States Code that makes this illegal, or specifies the “severe” consequences” that you claim. Hey, I will give you a head start…..the U.S. Criminal Code can be found in Title 18 of the U.S.C. Go ahead, start reading. I’ll wait here……

spoil sport
spoil sport

18 U.S.C. § 1001

It’s not the sales of the coins, it’s lying to the government that I was referring to. Up to 5 years in prison.

Also 18 U.S.C. § 1343 (wire fraud): submitting false information to anyone via telecommunications, obtaining money by false pretenses. Up to 20 years in prison, or 30 if you consider the mint a financial institution.

Arguably 18 U.S.C. § 1341 as well (mail fraud).

I am not practicing law anywhere.

Steve
Steve

I stand corrected. Thank you for clarifying. Reselling is OK, but using a fraudulent address to avoid the one household rule is a big risk. Thank you.

stephen
stephen

Do they link the same billing address if you use the same card to buy for someone else. Like if I ship a coin to 3 friends and myself, can I enter my legit billing info but their name and address as long as the account is in their name?

Kay
Kay

OK, this is NOT working about the address. To begin with, my address already HAS an A at the end. When I tried to alter it, such as adding another number after the A, it will not accept it. If there is any difference in the USPS address, it will not accept it. They are standardized.
Can someone advise me what to do? Other than just use the “B” side address and ask my neighbor to sign for it. And it’s in my son’s name, who she does not know. Don’t want her thinking it’s some sort of drug deal or something, LOL. She’s the landlady’s sister, for crying out loud!

nick
nick

question for those that successfully buy multiple coins from us mint??? i know i have to create additional mint accounts, but how do i make sure my orders go through w adding different addresses etc. i noticed pfs saying billing and shipping address should be the same. clearly i can only do that with one order only. would love to be able to do additional ones. i opted in for one coin for now. thanks

Jeremy
Jeremy

The Mint gives PayPal as an option for payment.

joe
joe

I’ve done coin deals in the past and you have to make an account in advance and sit with your finger on the button when it gos live or theyll be sold out before you have a chance

Betelgeuse
Betelgeuse

Wow. Thanks for the info. I was considering it but not any more.

Brian Cullen
Brian Cullen

Do you have to have a US mint account or can you checkout as a guest?

joe
joe

not sure but you want an account so that checkout takes quicker

Toni
Toni

What’s the link for the coin ?

Chuck

You’ll get the info from PFS when you signup with them. I don’t know which coin it is.

Justin
Justin
Lefty
Lefty

I remember vividly the hysteria of purchasing 25th anniversary silver proof sets for $299.95 each in 2011 with a 5 set limit per household and spending my entire day at work calling from the sysco phones to get an order in. It took hours of redialing to not get the busy signal. Ended up getting my family members involved and got a total of 15 sets for myself with each of my two brothers getting 5 sets each. I watched the market on eBay for weeks and noted the trend. Here’s my $.02 for anyone considering selling them: If you’re going to sell on eBay, be quick about it as the market value for the 25th sets went steadily down over the first year. At first, sets sold for $800-$900. I got greedy and ended up selling 10 sets about 6 months later for $7500 ($750/set), and this collectors item was also limited but at 100,000. I was nervous as hell shipping them but thankfully a veteran with 1000s of feedback bought them. Fear of being scammed is real on eBay, especially when dealing with precious metals.

Now regarding this set, how taboo is it to sign up for the $100 profit and then not ship them if the market price stays high on eBay? Factoring in the 10% final value fee, insured and signature confirmation postal fees, and probably sending them registered mail (under lock and key), surely it will be more than what PFS is offering which is why they’re carving out the possibility of an increased rate.

kev
kev

don’t think that’s an issue as it just says you opt in. Doesn’t say anything about you having to sell to them. Only thing is if you want to sell you have to have your order number input in their system within the hour. I am sure they know most people signing up will not be able to purchase. I think to play safe opt in and feel the market out and see what it is really going for.

Steve
Steve

It is unethical to tell PFS that you are “opting in” on a deal when you are not committing to complete the transaction. Plain and simple, it is dishonest.

Jane
Jane

Funny that people are commenting on the ethics of not following through with the deal, but not the ethics of circumventing the household limit to get in on a deal that is designed to circumvent the household limit. Presumably the limit exists to give a fair, affordable opportunity to those who actually care about the coin itself. Neither is the world’s biggest problem, but be real about saying that the concern is making it less likely that these deals continue and blog readers can continue to do them.

artgriego
artgriego

Totally agree. This is scalping.

David7914
David7914

Appreciate your input, never deal with coin before, don’t own one either, may want try to get one set for self next week.

bax
bax

I got the email, but once logged in and clicking opt-in, their site says I’m not eligible for this offer.

Kapil
Kapil

Same here, may be I am banned coz last time around I sold the coin to ebay

TravelingTricks.com

I can’t imagine they’d be able to trace the coins movement, nor would they care. Its legal tender and a collectible item… Doesnt the Free Market Economy = you’re free to do what you want with it?

BlissfulApathy
BlissfulApathy

Just use a vpn and sign up for a new account. Problem solved.

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