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.
Essentially, every now and then, I receive an email from PFS 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 when they purchase the coins back from you. That means you are also earning free credit card points for the purchase. 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. Once PFS receives the coins, they will send you a check in just a few weeks.
A New Deal Coming Today!
Today, August 23rd, the US Mint will be releasing two limited edition medals. The purchase is limited to four medals per household (2 of each). Each medal will cost $34.95 and after the standard shipping of $4.95, your total order will be $144.72. You want to make sure to place all 4 in one order, not individual orders.
PFS will pay you $178 for the four medals. This means you will profit $33.25. You’ll also earn points based on the credit card you use for the $144 purchase. Not a bad deal for not that much work!
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. If it states to purchase X number of coins, make sure to purchase that exact number. If it tells you to purchase all the coins in one order, make sure to do that. If it tells you to not open the box of coins when you receive them at your house, do not open the box! As long as you follow the directions, you’ll be good to go. It really is a simple process, I promise!
The coins also sell out fast, so if you are planning on taking advantage of this offer, I suggest being at your computer promptly at noon ET. You also will want to make sure to create a PFS account and “opt in” for the offer to be approved for reimbursement. If you do not register for the offer in advance, you will not be reimbursed. 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.
Overall…
While this particular offer is less than others, it is still a good way to earn some money. With the last offer in June, I was actually able to put $1,350 on my credit card and earn $50! That helped me reach the minimum spend on my British Airways credit card quite quickly. With these offers, I’ve profited probably around $300 while earning a ton of points and miles!
Feel free to comment with any questions.
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Every now and then, one of these deals just sounds too good to be true, and I can’t help feeling this is one of them. Can you help me with my reservations on laying out this much money?
@Beeej – I’ve done it before and have never had an issue.
Does PFS or US Mint send a 1099 or other Tax related forms?
@PhatMiles – I have never received any tax forms by taking part of these offers.
Their instructions specify to leave the US Mint box closed. Does this mean that I shouldn’t even verify the contents of the shipment? As in, get box from the Mint, scrape the shipping label off, put on the new one, and send it out?
@mintrog – Correct.
I signed up for the US Mint and the PFS Buyers Club.
I’m not clear on what it is you are to purchase. 4 Metals? Do they show up at Noon? I didn’t see anything.