APMEX Offer

[horgad]

Interesting buy offer from apmex on soon to be released silver coin.

https://www.apmex.com/two-coin-sell-back?trk_msg=BURS6C20OTEK5EBMHEN3RJEM5S&trk_contact=V0RBCL51K9QQ84TU8RIP9IKA8K&trk_sid=995FS44FN76FN3I7R6VJF3AQBC&he=C5B907B7E555CA7D7CA1D08B3A163C13678BBD56B1EF963AC335E7C976345AB5&utm_source=listrak&utm_medium=email&utm_term=LEARN+MORE&utm_campaign=SellToUs-PrideOfTwoNations

[Recyclersteve]

Thought from the title that this was a credit card offer from American Express...

[JadeDragon]

I fixed the title. Interesting deal indeed.

[Recyclersteve]

I wanted to clarify for those so inclined that this is a potential $100 profit on the purchase of 5 sets of these coins. Technically, it might be a bit less than that because of shipping/handling charges. I haven't dug into that as yet. But a quick way to buy and flip coins and make a few bucks.

[Cu Penny Hoarder]

Apmex seems to be changing their marketing from simple ads to something more creative. I got a call from Apmex 2 weeks ago telling me I can now call them (a person specially assigned to me), get personalized service and discounts not available on their website. I have not bought anything (in size) from them for about a year. Thanks Apmex, but I only buy PMs when prices are dumping. Let the FOMO's run wild.

[highroller4321]

Thank you for sharing this.

[horgad]

I figure, if APMEX is buying them for $20 over the mint price, these must have a good shot of being worth more than $20 over the mint price. Unless the whole thing is just a APMEX gimmick to get people revved up. I am a noob at buying for collectible value...I usually just buy by weight, but I might buy 5 for laughs and giggles without signing up to sell them APMEX...

[chris6084]

I figure, if APMEX is buying them for $20 over the mint price, these must have a good shot of being worth more than $20 over the mint price. Unless the whole thing is just a APMEX gimmick to get people revved up. I am a noob at buying for collectible value...I usually just buy by weight, but I might buy 5 for laughs and giggles without signing up to sell them APMEX...

You are probably figuring right.....APMEX isn't just giving you $20 because they are simply being nice. They are there to make money.

[Cu Penny Hoarder]

I figure, if APMEX is buying them for $20 over the mint price, these must have a good shot of being worth more than $20 over the mint price. Unless the whole thing is just a APMEX gimmick to get people revved up. I am a noob at buying for collectible value...I usually just buy by weight, but I might buy 5 for laughs and giggles without signing up to sell them APMEX...

You are probably figuring right.....APMEX isn't just giving you $20 because they are simply being nice. They are there to make money.

Exactly. It's basically a marketing gimmick.

I'd rather have discounts/sales, not gimmicks.

[JadeDragon]

I think it is a way to get around the 5 per person limit so APMEX can stock these. They obviously think there will he demand. I'm not a collector of goosed up modern coins but this is a can't lose deal where APMEX agrees to pay $100 bonus on the sets and cover the shipping. If they make money reselling the coins, good, they deserve it for taking the risk, paying for inventory, marketing, shipping etc. If you want to own the coins just order them from the mint and don't resell.

[chris6084]

APMEX deal closed if you haven't signed up already.

[ScrapMetal]

Wonder how many they managed to commit to sell to them. This is all wrong with only 100,000 being minted and 5 per family would equal only 20,000 families if each bought the limit. The Mint will be sold out in minutes if their website can handle the demand. The mint is not some private company, it is government owned and operated and basically is owned by the "people". Everyone should have the opportunity to purchase anything they offer. Only a very select few will get that opportunity, by the actions of greedy scalping bottom feeders like AMPEX. I just think the entire thing stinks. If they want to make a huge profit crank out some error coins after hours and sell to that HSN dude, so he can flip them for a 200 - 300% profit.

[AdamsSamoa]

They sold out in 15 Min.

[RxForPain]

I don't think they are sold out. I just ordered a set.

[RxForPain]

Now taking back orders... expected date of Aug. 6th.

[highroller4321]

They sold out in 15 Min.

They took several hours to sell out.

[ScrapMetal]

From an email from the Mint IRT the 2 coin set

"Mintage of this historic set has been set at 110,000 units. Orders will be limited to five units per household for the first 48 hours of sales, after which the Mint will remove the limit."

Looks like there is no limit anymore. So if AMPEX just waited they could buy as many as they desired.
Glad the joke is on them.

Anyone think the US Mint may make more than the proposed 110,000 sets?
Who would really know?

[Cu Penny Hoarder]

From an email from the Mint IRT the 2 coin set

"Mintage of this historic set has been set at 110,000 units. Orders will be limited to five units per household for the first 48 hours of sales, after which the Mint will remove the limit."

Looks like there is no limit anymore. So if AMPEX just waited they could buy as many as they desired.
Glad the joke is on them.

Anyone think the US Mint may make more than the proposed 110,000 sets?
Who would really know?

It was marketing gimmick. Like someone said, Apmex just wants to make money, nothing more. I get all these "exclusive" email offers for numismatic "bullion" coins. Millions of these things are minted, so how is that rare? Silver is silver, is silver, is silver, etc.