You may recall the recent 2018 Palladium Mint Coins and how almost every blog was telling you to resell for $50 profit. You may also recall my followup post on the matter “clueless blogger blogging coin deal and why it is problematic“. In that post I had mentioned that I made a deal with a PCGS authorized dealers and the deal would profit me $400.
Quick Same Day Update: A reader told me that he recently sold to one of the dealer I mentioned and already received a check for $2300. This is the first I heard of someone I know selling to said dealer.
Those of you that follow my Telegram channel have known for a while that I ended up shipping the coins to said dealer. Amazingly enough there were several of you who jumped in this deal with me. In fact someone else in the channel had already became guinea pig before I had even received a coin. Said person had even received a check by the time I was ready to ship mine. I believe I was the second in the channel to ship the coin to the said dealer and then there were several more of you.
It is strange how much the speed of delivery varied for these coins. The funny thing is that those that got their 2018 Palladium coins shipped slow were the ones who benefited the most or at least had the potential to do so. By the time some of the slow shipped coins delivered, there were several legit buyers willing to pour 2 grands for these coins. The same seller I had sold to had bumped the price to 2k and some of you chose him for convenience.
Right now there are sold listing on Ebay for $2.5k. Some of you’re asking me if you should hold or not. I do not know so I would rather not give you a ill advice based off my lack of knowledge in this subject. All I will say is that as of right now you’ve the potential to make $1k profit but if you want more you either need to (a) research on your own or (b) network with individuals who currently hold the coin and are doing their own research.
On a related news, I, through another user on telegram, found out that these coins were available for many days after they had officially sold out. People were able to bypass household restriction during that time. But the downside was that you had to watch it like a hawk and they would be out within minutes. This was something many of us wished we knew sooner.
Closing Thoughts
$400 profit (minus shipping and insurance fee) is no joke for few minutes of research and purchase. Obviously I would have loved to make $1k profit but $400 is still a profit.
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[…] if not thousand dollar in profit all while working with a legitimate business”. I remember selling a coin in 2018 for $400 profit and I remember a fella who used to hang out in my chat making $1000 off that very […]