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Quote from: Sep. 8 deal
Purchase A Coin For $489.95 From The Mint And Get $523 Back!

Please note: This is a paid advertisement.

Join this deal here.

Use code: ďDANS2Ē on the opt in page to receive this guaranteed price.

Tomorrow at 12:00pm EST the US Mint will release a limited edition coin. The purchase is limited to one coin per household.

The coin will cost $485. After including the standard $4.95 shipping, the total will be $489.95.

You will have the box shipped to your own house or office and then ship them to PFS Buyers Club with a prepaid FedEx shipping label that we will provide for you.

PFS will pay you $523 for a profit of $33.05. This is also an opportunity to earn some valuable points/miles on your credit cards.

For full deal details and terms, as well as the ability to opt in to this deal, you must be a PFS Buyers Club Member.

Join PFS Buyers Club here.
Note: PFS Buyers Club takes full and sole responsibility for the reimbursement of these coins. That includes thousands of happy participants!

Cards that do not earn on US Mint purchases:
Fidelity Cashback (2%)

Cards known to earn on US Mint purchases:
« Last edited by gozalim on February 25, 2019, 12:00:36 AM »

Author Topic: New Coin Deal  (Read 221322 times)

Offline normathej

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Re: New Coin Deal
« Reply #3420 on: November 20, 2019, 06:23:21 PM »
So give him the $200+cost?

Assuming hes not a coin collector, that should be sufficient for him. I'm assuming he has no idea how much the FMV is now.

He literally knows the entire red coin book by heart, and spends all of his (granted, minimal) income on coins...

Online yeshivabucher

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Re: New Coin Deal
« Reply #3421 on: November 20, 2019, 06:26:16 PM »
A willing seller sold 30,000 units to willing buyers at $70.  I'd say that at least for that instant in time the FMV was certainly $70.
-1 it's the same thing for exotic cars the original MSRP can be one thing but since it is a limited run the value jumps as soon as it's sold for example the new Ford GT it's resell value was double the MSRP due to exclusivity

Online CountValentine

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Re: New Coin Deal
« Reply #3422 on: November 20, 2019, 06:29:25 PM »
Itís not dissimilar to other peopleís commitment sagas, I bought the coin under the premise that Iíd be giving up maybe $200 profit to get him a cool coin, my pleasure; never thought it would go up in value like it has. I told my son I had ordered it for him, now I should say never mind you canít have it?  If I didnít have enough money to pay for gas and groceries, I probably would. But I am not in that position right now.
Your son has a great hobby. Give him the coin.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline Dan

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Re: New Coin Deal
« Reply #3423 on: November 20, 2019, 06:31:11 PM »
He literally knows the entire red coin book by heart, and spends all of his (granted, minimal) income on coins...
This is another story.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline EJB

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Re: New Coin Deal
« Reply #3424 on: November 20, 2019, 07:40:59 PM »
$1,000 in 1995 is, due to inflation, the same as $1668 today.  Considering the 1995s (which may or may not be similar) are trading at $2500 today, it far exceeded inflation (note: I am far from a numismatist, but these numbers were thrown around upthread).

It is silly to gauge whether investments are good by whether they outpace inflation. If you had $1000 in 1995 and that turned to $1668 today (even guaranteed, which coins are definitely not), that would be a poor investment. If it turned to $2500 with risk, that would still be a poor investment (3.9% return). The S&P went up almost 6x since then and the 30 yr treasury was 7% in 1995.

Offline chevron

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Re: US Mint Coins For Sale (Individuals only)
« Reply #3425 on: November 20, 2019, 08:23:31 PM »
This coin was $60. Its not like a 1400 coin with huge risk.. if buying groups want commitment, they need to pay out based on a market value.

Otherwise people just wont sell to PFS etc.. Good for PFS, they got coins for 200 and mak 1k each? all buyers feel stupid now and wont sell in future.

Online gingyguy

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3426 on: November 20, 2019, 08:31:25 PM »
This coin was $60. Its not like a 1400 coin with huge risk.. if buying groups want commitment, they need to pay out based on a market value.

Otherwise people just wont sell to PFS etc.. Good for PFS, they got coins for 200 and mak 1k each? all buyers feel stupid now and wont sell in future.
that's their decision for the future of they want to risk alienating their buyers. Had nothing to do so with the commitment that was already made to them
May you slide down the banister of happiness & get many splinters of success up your career.

Offline Agoldsc1

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3427 on: November 20, 2019, 08:48:24 PM »
This coin was $60. Its not like a 1400 coin with huge risk.. if buying groups want commitment, they need to pay out based on a market value.

Otherwise people just wont sell to PFS etc.. Good for PFS, they got coins for 200 and mak 1k each? all buyers feel stupid now and wont sell in future.

If they are paying market value, then they donít need any commitments Ahead of time. The point of the deal ahead of the release is the Right to purchase it below market once the item is released, and hopefully realize a profit.

And by the way, if not for PFS and their advertisements I doubt that 1% of the people on this board would even know about this coin.

Offline mileagejunkie

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3428 on: November 20, 2019, 08:49:44 PM »
that's their decision for the future of they want to risk alienating their buyers. Had nothing to do so with the commitment that was already made to them
Personally I only signed up once for PFS 4 years ago and never did it again after learning my lesson. I've since been monitoring the release schedule and flipping a few coins here and there (no intention to make it a business, but free money).
I haven't read the full thread, but I'm not sure it's that simple of an answer. There are many things to take into consideration: whether it's a binding agreement based on the fact that the coin isn't in anyone's possession yet, if it's a problem since the seller wasn't aware of the price, if the coin falling in value is an issue since one can return it, and many many more.
This is in no way a simple question to ask your LOR. If there are a few people who really want an answer, I'd be happy to present the question to local dayanim, or in Israel if needed. If so, just send me a message with all the details and your reasoning.

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3429 on: November 20, 2019, 09:12:01 PM »
And by the way, if not for PFS and their advertisements I doubt that 1% of the people on this board would even know about this coin.
Then they need to get out more.  :)
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Online gingyguy

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3430 on: November 20, 2019, 09:21:52 PM »
Personally I only signed up once for PFS 4 years ago and never did it again after learning my lesson. I've since been monitoring the release schedule and flipping a few coins here and there (no intention to make it a business, but free money).
I haven't read the full thread, but I'm not sure it's that simple of an answer. There are many things to take into consideration: whether it's a binding agreement based on the fact that the coin isn't in anyone's possession yet, if it's a problem since the seller wasn't aware of the price, if the coin falling in value is an issue since one can return it, and many many more.
This is in no way a simple question to ask your LOR. If there are a few people who really want an answer, I'd be happy to present the question to local dayanim, or in Israel if needed. If so, just send me a message with all the details and your reasoning.
as @Dan said don't expect people to value your word any more than you value your own words. It's more a question of honoring your commitment &  yashrus  than halacha
May you slide down the banister of happiness & get many splinters of success up your career.

Offline chayal101

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3431 on: November 20, 2019, 09:24:16 PM »
Personally I only signed up once for PFS 4 years ago and never did it again after learning my lesson. I've since been monitoring the release schedule and flipping a few coins here and there (no intention to make it a business, but free money).
I haven't read the full thread, but I'm not sure it's that simple of an answer. There are many things to take into consideration: whether it's a binding agreement based on the fact that the coin isn't in anyone's possession yet, if it's a problem since the seller wasn't aware of the price, if the coin falling in value is an issue since one can return it, and many many more.
This is in no way a simple question to ask your LOR. If there are a few people who really want an answer, I'd be happy to present the question to local dayanim, or in Israel if needed. If so, just send me a message with all the details and your reasoning.
+1 Best answer I have read yet! You missed a lot of name calling for those who were maybe considering backing out of PFS agreement. I get that there's an ethical/non ethical side to discuss, but I personally don't feel it's all so clear-cut, AYLOR is the right answer!
Chaya L.

Offline mileagejunkie

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3432 on: November 20, 2019, 09:25:00 PM »
as @Dan said don't expect people to value your word any more than you value your own words. It's more a question of honoring your commitment &  yashrus  than halacha
This all sounds very nice, and yes you can decide to do what will allow you to sleep better at night, but religion & Halacha define morals, so using morals to define Halacha is not the way to go.
Also, figuring out whether or not there is any agreement to begin with would help with knowing if "yashrus" comes into play.

Offline mileagejunkie

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3433 on: November 20, 2019, 09:25:35 PM »
+1 Best answer I have read yet! You missed a lot of name calling for those who were maybe considering backing out of PFS agreement. I get that there's an ethical/non ethical side to discuss, but I personally don't feel it's all so clear-cut, AYLOR is the right answer!
Pleasseeeee don't make me read 15 pages... lol

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Re: Re: US Mint Coins For Sale (Individuals only)
« Reply #3434 on: November 20, 2019, 09:31:43 PM »
Pleasseeeee don't make me read 15 pages... lol
Why not as we have this same (use your own word) every time. You made a commitment so honor it. CASE CLOSED!!!
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch