(Updated: The commission has increased to $145.05, a $60 increase from the initial offer.)

Another new coin deal August 3rd, 2021. PFS Buyers Club has another coin deal on two limited edition Morgan Silver Dollars. See details below.

Background (skip if already familiar). The US Mint regularly releases limited-edition coins to collectors. The coin sets are often limited by household, but end up worth more than the initial cost. PFS Buyers Club is a website broker that recruits regular folks to buy their allotted coin set with a set markup amount, with the agreement that they will sell it directly to PFS Buyers Club. For example, you might pay $300 for a coin and they’ll agree to pay you $350 for it (including prepaid mailing label) – a fixed profit of $50.

I believe the closest analogy is to other collectibles like limited-edition Nike shoe drops. The US Mint benefits from the scarcity, and can continue to sell these collectibles at a profit far above the minting cost.

Deal details: On Tuesday, August 3rd at 12:00 pm Noon Eastern Time, there is a new fixed profit opportunity. Two limited edition Morgan Silver Dollars are being released, with each one having a purchase limit of three per household (2 coins x 3 sets of each = 6 coins max). The cost of each Silver Dollar is $85.00, times six coins plus $4.95 shipping charge, for a total of $514.95.

Total net profit opportunity of $155+. PFS will pay you a fixed commission of $85.05 now $145.05 for a full 6-coin order, on top of your cost for the set. ($660 total.) You’ll also earn credit card rewards on your ~$500 purchase (worth another ~$10 here at 2% cash back), or also possibly satisfying the requirements for some $500+ value credit card bonuses. This makes the net profit at least $155.

I have had reports of the Fidelity 2% back card not awarding points on US Mint purchases. I have used a BofA card (earning an effective 2.6% back with Preferred Rewards) without issue. AmEx says they don’t award points for bullion and precious metal, but in my experience US Mint purchases are not coded as bullion or precious metal. You may still choose to avoid them to be safe.

Note that the eventual value of the set may exceed that elsewhere – you may be able to get more on eBay, for example – but if you want to make that bet, don’t promise to sell to PFS Buyers Club. Just buy it on your own and try to sell it yourself. Keep in mind that eBay seller fees can be quite high, you run the risk of the buyer claiming you sent them a box of pennies, and you’ll be responsible for other costs like the proper shipping with adequate insurance. The PFS Buyers Club price includes a free prepaid mailing label (including insurance) and they will pay you via eCheck (no fees), paper check, or PayPal.

Here are the two coins: Morgan 2021 Silver Dollar w/ D Mark and Morgan 2021 Silver Dollar w/ S Mark. In May, they offered the Morgan coins with the O and CC Mint marks.

Note: This coin is not expected to ship until October, but they also won’t charge your card until October. But be around that you’ll need to be around to receive the package and then drop it off at FedEx.

My past experience. I used PFS back in March for the first time, and everything went smoothly and I was paid my money in full without issue. The amount of communication was great and better than expected; I was kept up-to-date every step of the way. The total time commitment was about 30 minutes for $400+ profit, including the stop at the Fedex store to drop off the box with prepaid label. The eCheck option worked great – I printed the check out at home and deposited immediately via mobile app. PFS has a very solid reputation online, and I referred several blog readers last time and did not receive a single complaint. The primary issue is that the coins usually sell out quick, so you have to be fast.

If you want to jump on this, you can sign up to join PFS Buyers Club here. Sometimes these deals fill up, so I would sign-up and opt-in sooner rather than later. You can still opt out of the deal until an hour prior to the coins going on sale. PFS will provide *very* detailed instructions. Read them ahead of time, and follow them carefully to help you buy the coin before it sells out. If you use that link as a first-time buyer, I will receive a referral fee the first time you successfully sell your coin for a profit. Thanks for those that use it, and for those that already used it in the past. I will be opting in myself as well.

New deal July 29th, 2021. The US Mint regularly releases limited-edition coins to collectors. The coin sets are often limited to one per household, but end up worth more than the initial cost. PFS Buyers Club is a website broker that recruits regular folks to buy their allotted coin set with a set markup amount, with the agreement that they will sell only to PFS Buyers Club. For example, you might pay $300 for a coin and they’ll agree to pay you $350 for it – a fixed profit of $50.

On Thursday, July 29th at 12:00 pm Noon Eastern Time, there is a new guaranteed profit opportunity. A limited edition American Eagle Four-Coin Set will be released then, with a purchase limit of one per household. The cost of the Four-Coin Set should be either $4,962.50 or $5,055.00 (depends on the spot price of Gold on 7/28). Shipping will cost $4.95.

PFS will pay you a fixed commission of $200.05 for each Four-Coin Set, on top of your cost for the set.

You’ll also earn credit card rewards on your ~$5,000 purchase (worth another ~$100 here at 2% cash back), or also possibly satisfying the requirements for some $500+ value credit card bonuses. This makes the total net profit safely over $300.

Note that the eventual value of the set may exceed that elsewhere – you may be able to get more than $200 extra for each coin on eBay, for example – but if you want to make that bet, don’t promise to sell to PFS Buyers Club. Just buy it on your own and try to sell it yourself. Keep in mind that eBay seller fees can be quite high, and you’ll be responsible for other costs like the proper shipping with adequate insurance. PFS Buyers Club will send you a free prepaid mailing label (including insurance) and pay you via eCheck, paper check, or PayPal.

My past experience. I used PFS back in March for the first time, and everything went smoothly and I was paid my money in full without issue. The amount of communication was great and better than expected; I was kept up-to-date every step of the way. The total time commitment was about 30 minutes for $400+ profit, including the stop at the Fedex store to drop off the box with prepaid label. The eCheck option worked great – I printed the check out at home and deposited immediately via mobile app. PFS has a very solid reputation online, and I referred several blog readers last time and did not receive a single complaint. (Some folks were unable to buy the coins from the US Mint before it went out of stock.)

Here is the product page: American Eagle 2021 Gold Proof Four-Coin Set. Here is a direct quote of the deal text:

On July 29th – at 12:00PM ET, the US Mint will be releasing a limited edition American Eagle Four-Coin Set. The set has a purchase limit of one per household, so you’re able to buy one set.

The cost of the Four-Coin Set should be either $4,962.50 or $5,055.00. (The Mint will only be releasing the exact price for these products on Wednesday the 28th, and it will depend on the spot price of Gold over the day.)

Each purchase will also have a $4.95 shipping charge.

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

PFS will be offering a commission of $200.05 for each Four-Coin Set.

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

If you want to jump on this, you can sign up to join PFS Buyers Club here. Sometimes these deals fill up, so I would sign-up and opt-in sooner rather than later. You can still opt out of the deal until an hour prior to the coins going on sale. They will provide very detailed instructions. Follow them carefully, and it was pretty easy for me as a first-time buyer. If you use that link, I will receive a referral fee the first time you successfully sell your coin for a profit. Thanks for those that use it, and for those that already used it last time! I will be opting in myself as well.

The new Bank of America Unlimited Cash Rewards Card is the most simple, straightforward, no-annual-fee credit card in the Bank of America line-up. If you are a Preferred Rewards client, you can increase the cash back earned by 25% to 75%. For such “relationship” customers, this boost can change this card from good to great. Here are the highlights:

• New customers: $200 cash rewards bonus after $1,000 in purchases in the first 90 days.
• Earn unlimited 1.5% cash back on all purchases. Redeem as a statement credit, deposit to BofA bank account, or deposit to Merrill brokerage account (including 529).
• 0% Introductory APR offer. See link for details.
• 10% customer bonus when you have an active Bank of America checking or savings account.
• If you’re a Preferred Rewards client, you can increase that bonus to 25% – 75%. See details below.
• 3% foreign transaction fee.
• No annual fee.

Preferred Rewards bonus. The Preferred Rewards program is designed to rewards clients with multiple account and higher assets located at Bank of America banking, Merrill Edge online brokerage, and Merrill Lynch investment accounts. Here is a partial table taken from their comparison chart (click to enlarge):

Let’s consider the options. Bank of America’s interest rates on cash accounts tend to be lower than highest-available outside banks (read: nearly zero), so moving cash over to qualify may result in earning less interest on your cash deposits. Merrill Lynch advisory accounts also usually come with management fees. The sweet spot is therefore the Merrill Edge self-directed brokerage, where you can move over your existing brokerage assets like stocks, mutual funds, and ETFs held elsewhere (Vanguard, Fidelity, Schwab, etc).

In the past, moving over to Merrill Edge at the Platinum and Platinum Plus levels also led to 30 to 100 free online stock trades every month. Fast forward to now, and nearly all major online brokers offer commission-free trades anyway.

Personally, I moved over $100k of brokerage assets from Vanguard to Merrill Edge to qualify for Platinum Honors. You should ask Merrill Edge if they will cover any ACAT transfer fees involved. I realize not everyone will have this level of assets to move around, but if you do then it is worth considering. Keep in mind that it will take a while for your “3-month average combined balance” to reach the $100k level and officially qualify for Platinum Honors. You might become Gold first, then Platinum, and so on. After that, the 25%-75% rewards bonus on credit card rewards kick in. Once you reach a certain tier, BofA guarantees that you will stay there for a year no matter what, even if your balance fluctuates.

Note that the terms state “The Preferred Rewards bonus will replace the customer bonus”, which means that you will lose the 10% customer bonus when you qualify for the 25% to 50% bonus.

Boosted cash back percentages with Preferred Rewards. The standard structure is a flat 1.5% cash back on all purchases. Here’s how the numbers work out after you reach each tier:

• Platinum Honors: 2.625% cash back on all purchases (75% bonus).
• Platinum: 2.25% cash back on all purchases (50% bonus).
• Gold: 1.875% cash back on all purchases (25% bonus).
• BofA checking or savings accountholder: 1.65% cash back on all purchases (10% bonus).

I consider the bar set at 2% cash back to be considered a “great” rewards card. The Platinum and Platinum Honors levels allow you to surpass that bar. Again, not everyone will have this level of assets to move around, and so this offer is not available to everyone. BofA is willing to pay such high cash back on the credit card because they hope to make it back through their other products (banking, brokerage, loans).

Their plan worked on me because Bank of America has managed to convince me to go from only having a checking account with them to now also having a Merrill Edge brokerage account and a Bank of America credit card.

Comparison against other BofA credit cards. Not all Bank of America consumer credit cards qualify for Preferred Rewards. Other cards of interest that do qualify are:

• Bank of America Travel Rewards Card
• Bank of America Premium Rewards Card
• Bank of America Customized Cash Rewards Card

Honestly, these are all solid cards if you qualify for Preferred Rewards. I can see any one of them being a good choice for those that want relatively simple rewards after setting up a “relationship” with BofA.

My slight personal favorite is the Travel Rewards credit card. The rewards structure on the Travel Rewards is similar to the Unlimited Cash Rewards card including the 1.5% back (up to 2.62% with Preferred Rewards) earning rate and no annual fee, except that the rewards can only be used to offset past travel and dining purchases made on the card in the past 12 months. I have redeemed thousands of dollars in statement credits and never run out of travel/dining purchases to offset. Their redemption process is quick and easy. One difference is that the Travel Rewards has no foreign transaction fee, while this Unlimited Cash Rewards card has a 3% foreign transaction fee. Together, this makes the Travel Rewards card a great “catch-all” card that I always have in my wallet. You may prefer the Unlimited Cash Rewards card if you have very little travel/dining charges.

The Premium Rewards card may be better if you can reliably utilize the $100 annual Airline Incidentals credit (seat upgrades, baggage fees, lounge fees) to offset the $95 annual fee, as then the increased cash back on travel/dining is all net profit. The Customized Cash Rewards cards with its 3/2/1 structure is also tempting as a companion to the Travel/Unlimited Cash, but you may prefer other rewards card for specific categories.

Bottom line. The Bank of America Unlimited Cash Rewards Credit Card is an “okay” cash back rewards card with a 1.5% cash back on everything structure, but turns into an “excellent” 2.62% cash back rewards card if you can take full advantage of their Preferred Rewards program. If you transfer $100,000 of existing brokerage assets (could be ETFs or mutual funds) over to Merrill Edge, you can qualify for the highest Platinum Honors tier. This won’t be a good option for everyone, but something to be aware of if you can swing it.

Doordash is running their Summer of Dashpass promotion again this year, with weekly deals from 7/20 through 9/6. First, Dashpass members will get an extra $10 in savings each week during this period. There will be a themed promotion each week:

• July 20–26: Free cheese or pepperoni ExtraMostBestest® pizza with a Little Caesars order $20+ with code CAESARS.
• July 27 — August 2: $10 off any Pickup order of $20+ with code HUNGRY.
• August 3–9: $10 off a gift order of $20+ using code FRIENDLY.
• August 10–16: Eligible DashPass members (21 yrs+) can get $10 off an alcohol order of $40+ with code THIRSTY (where available).
• August 17–23: $10 off an order of $20+ on any Convenience or DashMart order using the code SNACKY.
• August 24–30: $10 off any pet supply order of $20 or more using the code FLUFFY.
• August 31 — September 6: $10 off grocery orders of $25+ using the code EASY.

DashPass is a subscription service that offers a $0 delivery fee and reduced service fees when ordering $12 or more from any DashPass-eligible restaurant (look for the checkmark), as well as 5% back on Pickup orders. The regular price is $9.99/month.

Up to 12 months of free Dashpass membership is included with many Chase credit cards, including co-branded cards, and they are throwing in an additional $10 Doordash credit to those co-branded cards on your next purchase by 9/30 if you register/add your card here. Note that after those free 12 months, you’ll automatically be charged $9.99/month for continued membership unless you cancel DashPass. Eligible co-branded cards include:

• Chase Southwest cards
• Chase Marriott cards
• Chase United cards
• Chase Disney cards
• Chase IHG cards
• Chase British Airways cards
• Chase Aer Lingus cards
• Chase Iberia cards
• Chase World of Hyatt cards

If you have a Chase Sapphire Reserve or Sapphire Preferred credit card, you can also get free DashPass benefits on eligible orders for at least 12 months (and a maximum of 24 months) after activation. Sapphire Reserve cardholders also get $60 in statement credits towards DoorDash in 2021.

If you have a Chase Freedom or Slate credit card, you can free DashPass benefits on eligible orders for 3 months after activation. After the first 3 months, the user will be auto-enrolled for the next 9 months in DashPass with a 50% discount applied to the then current membership rate. You can cancel at any time.

If you are new customer to DoorDash and sign up via my DoorDash referral link, you will get $10 off your first 3 DoorDash orders over $15 ($30 total savings). I will get food credits as well. Thanks if you use it!