I recently signed up for the Bullion Card through Apmex. It's a credit card that pays you points for using it, points that can be redeemed at Apmex.com. Specifically, you earn four points for every dollar spent on Apmex and one point for each dollar spent elsewhere. There is an introductory offer of 15,000 points if you charge $1,500 on the card within 90 days of opening your account. That amounts to $150 to use on Apmex...for free! The card carries no fees for the first 12 months.
Normally, I use a Visa card from Costco, which pays various cash-back amounts on purchases. I pay the balance off completely each month to avoid any fees. My February statement will include my 2024 reward check, more than $1000. It's nice to get free money!
By now you are probably wondering what any of this has to do with the Tokelau silver coins mentioned in the title. Well, I'll tell you. I used my Bullion card the other day and did some shopping in the discount area on Apmex and bought "1 ounce silver rounds - secondary market," as they list them. Apmex chooses the rounds randomly, and I received $5 silver coins from Tokelau, each containing 1 ounce of fine silver.
Tokelau, I learned, is located in the southern Pacific Ocean. It consists of three tropical coral atolls, Atafu, Fakaofo, and Nukunonu, and is a dependent territory of New Zealand. Apparently it has the world's fourth smallest population, approximately 1,500 people. The US Central Intelligence agency's list of countries by GDP shows Tokelau having the world's smallest economy.
The coin highlights, per Apmex are:
Sovereign coin backed by the Government of Tokelau.
Contains 1 oz of .999 fine silver.
Obverse: The Tuluma, the national symbol of Tokelau, which is a wooden tackle box used by Tokelau fisherman. There is a ribbon below the tuluma, inscribed with “Tokelau mot e Atua,” meaning “Tokelau for God,” referencing the influence of Christianity in Tokelau.
Reverse: Shows the image of a lion, the symbol for Leo. The inscription "Leo" is above the lion and above the inscription is a graphic symbol for Leo. Surrounding the image are the 12 zodiac constellations.
I received about half Leo coins, and half Aquarius coins, the only difference being the Reverse image on these coins showing the image of a water jug pouring out, to represent Aquarius.
For a random coin, I'm pretty happy with what Apmex sent me. Perhaps because I used their Bullion Card, my order shipped same day, with no charge for shipping or insurance. Pretty sweet! And, I'm well on my way to some free money.
BTW, I am not a financial advisor, and no of the preceding is financial advice. In fact, a financial advisor might tell me that everything I said above is bad advice. Do your own research, and do what's best for you.
