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expiredspyder2799 posted Dec 20, 2023 09:22 PM
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expiredspyder2799 posted Dec 20, 2023 09:22 PM

100 Gram Gold Bar Pamp Suisse Lady Fortuna Veriscan (New In Assay) - $6499.99 at Costco

$6,500

Costco Wholesale
108 Comments 21,654 Views
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Features:
24kt Gold
Item is Non-Refundable
Limit 2 Per Membership
Item is Not Eligible for Price Adjustments

https://www.costco.com/100-gram-g...ue&nf=true
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About the Poster
Deal Details
Community Notes
About the Poster
Features:
24kt Gold
Item is Non-Refundable
Limit 2 Per Membership
Item is Not Eligible for Price Adjustments

https://www.costco.com/100-gram-g...ue&nf=true

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108 Comments

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Dec 20, 2023 09:28 PM
324 Posts
Joined Sep 2017
dinapsolineDec 20, 2023 09:28 PM
324 Posts
Spot puts this at ~$6,550. Stack 2% exec rewards and 5% from Chase Ink Cash or Chase Freedom quarterly and you can get your cost down to $6,050. Sell them to local bullion dealers at or slightly below spot, and profit $500 per bar.
8
Dec 20, 2023 09:29 PM
541 Posts
Joined Aug 2017
GOT43Dec 20, 2023 09:29 PM
541 Posts
$568 tax in California I thought no tax over $2k on bullion ?
1
Dec 20, 2023 09:31 PM
94 Posts
Joined Aug 2016
imnomadDec 20, 2023 09:31 PM
94 Posts
Why the tax?
1
1
Dec 20, 2023 09:32 PM
18 Posts
Joined Sep 2008
conicalDec 20, 2023 09:32 PM
18 Posts
Also seeing tax
1
1
Dec 20, 2023 09:33 PM
1,689 Posts
Joined Jan 2013
Curb71Dec 20, 2023 09:33 PM
1,689 Posts
How weird it is showing tax for California which is definitely a mistake. They were charging tax in California when they first started selling gold bars and quite a few people mentioned that they ended up getting a refund but an unnecessary battle IMO
1
Dec 20, 2023 09:35 PM
1,689 Posts
Joined Jan 2013
Curb71Dec 20, 2023 09:35 PM
1,689 Posts
Quote from dinapsoline :
Spot puts this at ~$6,550. Stack 2% exec rewards and 5% from Chase Ink Cash or Chase Freedom quarterly and you can get your cost down to $6,050. Sell them to local bullion dealers at or slightly below spot, and profit $500 per bar.
5% from Chase Ink Cash? Do you mean buying 33 $200 Visa gift cards that are available a few days a month and have a limit of five per transaction and then entering in 33 gift card numbers on Costco's website while hoping it doesn't sell out?
1
Dec 20, 2023 09:36 PM
1,502 Posts
Joined Dec 2018
chemman14Dec 20, 2023 09:36 PM
1,502 Posts
Per the checkout text:
Sales tax on checkout is an estimate. Final sales tax amount is determined when order is shipped or picked up.
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Dec 20, 2023 09:38 PM
756 Posts
Joined Sep 2011
d_wave27Dec 20, 2023 09:38 PM
756 Posts
Quote from chemman14 :
Per the checkout text:
Sales tax on checkout is an estimate. Final sales tax amount is determined when order is shipped or picked up.
Yeah..but will it go away?? I'm in NY
1
Dec 20, 2023 09:42 PM
372 Posts
Joined Nov 2010
hbcobraDec 20, 2023 09:42 PM
372 Posts
Quote from dinapsoline :
Spot puts this at ~$6,550. Stack 2% exec rewards and 5% from Chase Ink Cash or Chase Freedom quarterly and you can get your cost down to $6,050. Sell them to local bullion dealers at or slightly below spot, and profit $500 per bar.
I think the 5% Chase Freedom quarterly bonus for wholesale clubs is capped at $75, so it would only apply to the first $1,500 of this purchase. The remaining $4,999.99 would earn only 1%, or $4.99. Thus, in total, Chase Freedom would get you $79.99.
1
Dec 20, 2023 09:42 PM
13 Posts
Joined Sep 2016
VeeraVVDec 20, 2023 09:42 PM
13 Posts
Quote from dinapsoline :
Spot puts this at ~$6,550. Stack 2% exec rewards and 5% from Chase Ink Cash or Chase Freedom quarterly and you can get your cost down to $6,050. Sell them to local bullion dealers at or slightly below spot, and profit $500 per bar.
Chase max cash back is 75$ and 2% is 131$ so in combined 206$ savings at max
2
Dec 20, 2023 09:42 PM
1,502 Posts
Joined Dec 2018
chemman14Dec 20, 2023 09:42 PM
1,502 Posts
Quote from d_wave27 :
Yeah..but will it go away?? I'm in NY
No idea, but they can't legally charge you tax if they aren't supposed to charge you tax in NY.
2
Dec 20, 2023 09:43 PM
874 Posts
Joined Mar 2014
chandu1256Dec 20, 2023 09:43 PM
874 Posts
Quote from dinapsoline :
Spot puts this at ~$6,550. Stack 2% exec rewards and 5% from Chase Ink Cash or Chase Freedom quarterly and you can get your cost down to $6,050. Sell them to local bullion dealers at or slightly below spot, and profit $500 per bar.
Chase will only give you 75$ with freedom
1
Dec 20, 2023 09:45 PM
4,555 Posts
Joined Jul 2006
CommentaryDec 20, 2023 09:45 PM
4,555 Posts
Quote from dinapsoline :
Spot puts this at ~$6,550. Stack 2% exec rewards and 5% from Chase Ink Cash or Chase Freedom quarterly and you can get your cost down to $6,050. Sell them to local bullion dealers at or slightly below spot, and profit $500 per bar.
I hope no one follows this strategy in trying to make $500.
1
4
Dec 20, 2023 09:46 PM
1,716 Posts
Joined Aug 2011
hou1960Dec 20, 2023 09:46 PM
1,716 Posts
Can pay with PayPal?
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Dec 20, 2023 09:47 PM
848 Posts
Joined May 2007
lithdocDec 20, 2023 09:47 PM
848 Posts
Quote from Commentary :
I hope no one follows this strategy in trying to make $500.
Local bullion dealer won't give you anywhere near spot for these.

Of all Costco gold offerings, only the Maple Leaf is somewhat desirable. I'd stay away from the rest.
5

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