Over the past few years, one of the more lucrative ways I’ve earned free money and points is by buying coins from the US Mint. This is not the same method that many people took part in years ago where they’d purchase coins from the US Mint on their credit card and deposit them to their local bank. Instead, this is through PFS Buyers Club.
A few times a year I receive an email from PFS Buyers Club letting me know that the US Mint will be releasing some limited edition coins. If you are able to purchase them, PFS will essentially buy the coins back from you and pay you a premium. Not only that, you can purchase the coins from the US Mint with a credit card and PFS sends you a check. That means you are also earning free credit card points for the purchase and it is a great way to meet minimum spend!
PFS also makes the transaction extremely seamless. Once you purchase the coins, you will put your order information on the PFS site and they send you a prepaid shipping label. Once the coins arrive on your doorstep, you attach the shipping label to the box, and drop it off at FedEx within 2 business days. Once PFS receives the coins, they will send you a check in just 7 business days. It is really an easy way to make some money for not a lot of time spent.
A new deal coming this week
On Thursday September 24, 2020 , the US Mint will be releasing a limited edition coin — the American Eagle 2020 One Ounce Palladium Uncirculated Coin. The purchase is limited to one order per household. Each medal will cost approximately $3,000 plus $4.95 for shopping. The exact pricing of the coin will not be released until tomorrow.
PFS will pay you $50.05 more than the cost of the coin, which will be your profit. You’ll also earn points based on the credit card you use for the purchase. I suggest using a card where you need to meet minimum spend, or one where you earn some extra benefit for meeting a certain spend threshold (i.e., free night hotel certificate, Southwest companion pass, hotel status, etc.). For example, if you use the Chase Freedom Unlimited you’ll earn 1.5x points for this purchasing — so 4,500 Chase Ultimate Reward points. I value that to be approximately $90 in value towards travel. And that is in addition to the $50 profit. So for me personally, this is a $140 gain.
Things to know
I’ve taken advantage of these offers MANY times. I’ve never once had an issue and found the process to be beyond easy. With that being said, it is important to follow the directions of the deal exactly as stated. As long as you follow the directions, you’ll be good to go. It really is a simple process, I promise! But if you are risk adverse, this deal is probably not for you.
To be eligible to purchase the coins and have them bought back, you must register for the offer in advance. If you do not register and receive an approval confirmation email you will not be reimbursed. Registration fills up fast, so make sure to register NOW!
The coins go on sale at noon ET on September 24th, so make sure to purchase the coins at that time on the dot. You’ll then need to input your purchase information on their website by 1pm ET. You can create a PFS account and register for this offer here. You’ll also want to create an account with the US Mint in advance, which you can do here. (Note: When the coin arrives at your house, PFS asks that you do not open the box).
NOTE: ONLY REGISTER AND OPT IN FOR THIS DEAL IF YOU ABSOLUTELY ARE 100% COMMITTED TO FULFILLING THE DEAL, REGARDLESS OF THE VALUE OF THE COINS (SOMETIMES THEY ARE VALUED HIGHER OR LOWER FROM THE PAYMENT PRICE). PFS ALWAYS PAYS AND ONTIME.
While this is not one of their better money-making offers, it is quite hight on the points and miles send. I am personally looking forward to making an easy $50 plus Chase Ultimate Reward points.
So register now (if you are comfortable with this promotion) and set your alarm to 11:59am ET on Sept. 24, 2020.
Feel free to comment with any questions.