Author Topic: New Coin Deal (Read 1247767 times)

avromie7 · « **Reply #3940 on:** September 22, 2020, 05:24:10 PM »

Quote from: Agoldsc1 on September 22, 2020, 05:19:30 PM

I'm afraid that the buyers might reneg on this deal if the demand isn't what they were expecting, and then I'm stuck with a $3k coin.

You can always return the coin to the mint, you would lose the shipping. IME @AI-TRAVEL never reneged even when demand dropped.

myi · « **Reply #3941 on:** September 22, 2020, 05:34:59 PM »

Quote from: avromie7 on September 22, 2020, 05:15:03 PM

Last year they made 30k and it's still available.

Paid 1992.95 or something similar and was able to flip the few I got for 2500.
They were selling for $2500 on eBay and 2250 In person without eBay.

American Eagle 2019 One Ounce Palladium Reverse Proof Coin

myi · « **Reply #3942 on:** September 22, 2020, 05:39:55 PM »

Quote from: YossieW on September 22, 2020, 03:57:35 PM

New Coin Deal
https://catalog.usmint.gov/american-eagle-2020-one-ounce-palladium-uncirculated-coin-20EK.html?cgid=null&q=palladium&navid=search#q=palladium&start=1

Here is what PFS is offering
Deal Basics

On September 24th - at 12:00PM ET the US Mint will release a limited edition Palladium coin.

There is a limit of 1 coin per household.

The cost of each coin will be APPROXIMATELY $3,000.00. (The Mint will only be releasing the exact price on Wednesday the 23rd, and it will depend on the spot price of Palladium over the next few days.)

There will also be a $4.95 shipping charge.

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

PFS will be offering a commission of $50.05 per coin.

A repeat of this coin deal every year!

Palladium seems to be jumping that they're never sure about the price.

Quote

On Thursday, September 6th - at 12:00pm ET the US Mint will release a limited edition Palladium Proof coin. The purchase is limited to one (1) coin per household.

The cost of each coin will be $1,387.50*. After including the $4.95 shipping, each order's total will be $1,392.45*.

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.

We will pay you $1,443.00* - for a profit of $50.55 per coin ordered.

This is also a great opportunity to earn valuable points/miles on your credit cards, as well as meet any spending thresholds.

We will also be offering referrals for this deal of $20 per completed referral. Referral terms and details are posted on the “My Referrals” page which can be accessed once you’re logged in.

For all the deal details and terms, as well as the ability to opt in to this deal, please login to your account at PFSbuyersclub.com and click the "Current Deal" page.

- Aron
PFS Buyers Club

*There’s a slight chance that the coins’s price will be $50 lower or $50 higher than what's posted here. (This will only occur if Spot Palladium prices move drastically in the next two days.) Even if that change does take place, our deal will still be active - the commission will be the exact same - it's just the total price will be adjusted $50 lower or higher. The price will become official on Wednesday.

Kobe Bryant · « **Reply #3943 on:** September 22, 2020, 06:05:34 PM »

Quote from: myi on September 22, 2020, 05:19:03 PM

So why am I being bombarded with an email from every coin dealer that they're buying these coins?

I guess it's a risk that they're willing to take.
But kind of a steep risk with 3K per coin.

And being that the mintage is a 3rd less than last time around, this deal I think will be profitable one.

For the most part, whomever you are dealing with, already has a buyer in place, they are fulfiling POs.

And with the low mintage, it will likely be a profitable deal.

myi · « **Reply #3944 on:** September 22, 2020, 06:15:13 PM »

Quote from: Kobe bryent on September 22, 2020, 06:05:34 PM

For the most part, whomever you are dealing with, already has a buyer in place, they are fulfiling POs.

And with the low mintage, it will likely be a profitable deal.

you think it will sell out within the first couple minutes?

yaakovely · « **Reply #3945 on:** September 22, 2020, 08:02:59 PM »

Seems to me that it's not a good idea to commit the coin to anyone. There is 0% risk in purchasing the coin if it drops, as you can return the coin minus the shipping. There is a very big chance that this coin will appreciate as it did by the last Palladium coin released with a low mintage of 10k. You could read up on backing out over here https://forums.dansdeals.com/index.php?topic=62276.msg2155490#msg2155490

myi · « **Reply #3946 on:** September 22, 2020, 08:11:58 PM »

Quote from: yaakovely on September 22, 2020, 08:02:59 PM

Seems to me that it's not a good idea to commit the coin to anyone. There is 0% risk in purchasing the coin if it drops, as you can return the coin minus the shipping. There is a very big chance that this coin will appreciate as it did by the last Palladium coin released with a low mintage of 10k. You could read up on backing out over here https://forums.dansdeals.com/index.php?topic=62276.msg2155490#msg2155490

I'm with you on that.

Agoldsc1 · « **Reply #3947 on:** September 22, 2020, 08:13:11 PM »

Quote from: yaakovely on September 22, 2020, 08:02:59 PM

Seems to me that it's not a good idea to commit the coin to anyone. There is 0% risk in purchasing the coin if it drops, as you can return the coin minus the shipping. There is a very big chance that this coin will appreciate as it did by the last Palladium coin released with a low mintage of 10k. You could read up on backing out over here https://forums.dansdeals.com/index.php?topic=62276.msg2155490#msg2155490

I agree. Worst case scenario, you lose the opportunity cost which is $50 and the opportunity for $3k in MR. And if the demand for this coin is anything like the previous coin, odds are that the potential profit will be much greater than that.

myi · « **Reply #3948 on:** September 22, 2020, 08:18:04 PM »

Quote from: yaakovely on September 22, 2020, 08:02:59 PM

Seems to me that it's not a good idea to commit the coin to anyone. There is 0% risk in purchasing the coin if it drops, as you can return the coin minus the shipping. There is a very big chance that this coin will appreciate as it did by the last Palladium coin released with a low mintage of 10k. You could read up on backing out over here https://forums.dansdeals.com/index.php?topic=62276.msg2155490#msg2155490

Wow I totally forgot that there was a whole thread of beef on wether you can back out or not.

https://forums.dansdeals.com/index.php?topic=62276.msg2155671#msg2155671