Good afternoon everyone, I hope your week is going well. Since we are now in December, I wanted to review how I did this year in terms of bank account bonuses, credit card annual fees, yearly predictions, and coin reselling with PFS Buyers Club (my referral link). I will write separate blog posts about those first 3 topics later this month, but for today, I wanted to share how I did with coin reselling this year with PFS. This was my best year ever with PFS and I was able to participate in 10 different deals. Long story short, I had $15,128.55 in credit card spend and made $1,246.45 profit (8% return) in 2021.
I created the above table by looking through my US Mint orders and PFS orders to calculate how much I spent and how much I made on each deal. I did 10 orders with the US Mint for a total of $15,128.55. This was great for meeting minimum spending requirements and reaching high spend thresholds. The US Mint only charges your card when your order ships, which can cause issues since 5 of the deals were shipped 2-5 months after I made my order. This can make it tricky for meeting minimum spending requirements, but works out well if you have high spend thresholds to meet by the end of the year.
You will also note that the profit per deal ranged from $30 to $200 and profit percentages ranged from 1% to 56%. I am not an expert on coins by any means, but you don’t need to be to buy and resell to PFS. I’m sure there are certain deals where you can sell the coin to a local coin collector or on eBay for more than what PFS offered, but the process takes more time and there are more risks involved. As a cautionary tale, I wrote Warning: Don’t Try to Beat PFS Buyers Club’s Price in 2018 when I failed miserably to sell a coin on eBay. After that mistake, I decided to always sell to PFS to make my life a little easier. Even though there are a few other coin buying groups out there, I have only ever worked with PFS and never had an issue with PFS, so I plan on sticking with them. If you are new to coin reselling, please use my PFS referral link to join. You will then receive an email the next time PFS has a deal (expect 5-10 deals in 2022).
If you did coin reselling this year, I would love to hear how you did and which coin buying groups you used. If you have any questions about PFS or US Mint coins, please leave a comment below. Have a great day everyone!