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expired Posted by chemman14 • Feb 5, 2024
expired Posted by chemman14 • Feb 5, 2024

Costco Members: 100 Gram Gold Bar Rand Refinery (New in Assay) $6599.99

$6,600

$6,600

Costco Wholesale
37 Comments 14,412 Views
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Bar Highlights:

100 gram 999.9 fine gold minted bar
South African-made by a LBMA Good Delivery Refiner
Arrives in a sealed black assay card
Individually stamped with a unique serial number
Rand Refinery is the largest integrated single-site precious metal refining and smelting complex in the world
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1796444.html
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Deal Details
Community Notes
About the Poster
Product Details
Bar Highlights:

100 gram 999.9 fine gold minted bar
South African-made by a LBMA Good Delivery Refiner
Arrives in a sealed black assay card
Individually stamped with a unique serial number
Rand Refinery is the largest integrated single-site precious metal refining and smelting complex in the world
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1796444.html

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37 Comments

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Feb 5, 2024
33 Posts
Joined Mar 2016
Feb 5, 2024
snacksdaily
Feb 5, 2024
33 Posts

Our community has rated this post as helpful. If you agree, why not thank snacksdaily

Solid deal but FYI these are harder to sell than 1oz bars/coins. My local coin shop pays 98% of spot for these, vs. $10-$20 under spot for 1oz gold bars - and another coin shop doesn't even want these 100g bars at all.

Even at 98% of spot these are still mildly profitable with a 2% CC and 2% executive rewards, but I'll pass on this batch personally.
1
Feb 5, 2024
12,987 Posts
Joined Nov 2008
Feb 5, 2024
575rider
Feb 5, 2024
12,987 Posts
Quote from snacksdaily :
Solid deal but FYI these are harder to sell than 1oz bars/coins. My local coin shop pays 98% of spot for these, vs. $10-$20 under spot for 1oz gold bars - and another coin shop doesn't even want these 100g bars at all.

Even at 98% of spot these are still mildly profitable with a 2% CC and 2% executive rewards, but I'll pass on this batch personally.
Please reconsider and buy so it goes OOS and they throw up some more eagles or buffaloes. Thank you for your service!worship
2
2
Original Poster
Feb 5, 2024
1,492 Posts
Joined Dec 2018
Feb 5, 2024
chemman14
Original Poster
Feb 5, 2024
1,492 Posts
Quote from snacksdaily :
Solid deal but FYI these are harder to sell than 1oz bars/coins. My local coin shop pays 98% of spot for these, vs. $10-$20 under spot for 1oz gold bars - and another coin shop doesn't even want these 100g bars at all.

Even at 98% of spot these are still mildly profitable with a 2% CC and 2% executive rewards, but I'll pass on this batch personally.
Yeah I don't personally understand the desire to own more than 1oz of gold in a single unit, but I post them for people that do!
1
Feb 5, 2024
187 Posts
Joined Dec 2013
Feb 5, 2024
pjkz
Feb 5, 2024
187 Posts
What's the return policy on these? Just in case I don't like them
1
Feb 5, 2024
1,033 Posts
Joined Aug 2011
Feb 5, 2024
PrisN
Feb 5, 2024
1,033 Posts
Quote from pjkz :
What's the return policy on these? Just in case I don't like them
No return
Feb 5, 2024
1,068 Posts
Joined Sep 2003
Feb 5, 2024
rockstarjeremy
Feb 5, 2024
1,068 Posts
Remember that one time in American History when the President stole all of the gold that people were hoarding. Good times.
1
3
Feb 5, 2024
5 Posts
Joined Oct 2016
Feb 5, 2024
hpsd1011
Feb 5, 2024
5 Posts
Can anyone share which gold dealers tend to offer the highest prices for buybacks (not just for this item, but in general)?
Last edited by hpsd1011 February 5, 2024 at 11:44 AM.

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Feb 5, 2024
1,122 Posts
Joined Apr 2005
Feb 5, 2024
princebargain
Feb 5, 2024
1,122 Posts
Recent 1 ounce sells for $2079. This is equal to 3.21 troy ounces, 2079x 3.21 = $6673.
Original Poster
Feb 5, 2024
1,492 Posts
Joined Dec 2018
Feb 5, 2024
chemman14
Original Poster
Feb 5, 2024
1,492 Posts
Quote from pjkz :
What's the return policy on these? Just in case I don't like them
Whats the reason you didn't just read and find out for yourself?
2
Original Poster
Feb 5, 2024
1,492 Posts
Joined Dec 2018
Feb 5, 2024
chemman14
Original Poster
Feb 5, 2024
1,492 Posts
Quote from rockstarjeremy :
Remember that one time in American History when the President stole all of the gold that people were hoarding. Good times.
No, when was that?
1
Original Poster
Feb 5, 2024
1,492 Posts
Joined Dec 2018
Feb 5, 2024
chemman14
Original Poster
Feb 5, 2024
1,492 Posts
Quote from princebargain :
Recent 1 ounce sells for $2079. This is equal to 3.21 troy ounces, 2079x 3.21 = $6673.
Not sure where you're getting 2079 for an oz, price is 2026.30 as of this post:
https://www.kitco.com/price/precious-metals/gold
3
Pro
Feb 5, 2024
823 Posts
Joined Jul 2016
Feb 5, 2024
mike312
Pro
Feb 5, 2024
823 Posts
Hmm.Product N/A in Dallas. YMMV
Feb 5, 2024
131 Posts
Joined Nov 2016
Feb 5, 2024
dealbreaker15
Feb 5, 2024
131 Posts
Can you travel with this and gift in your home country?
Feb 5, 2024
22 Posts
Joined Jun 2015
Feb 5, 2024
divyapolisetty
Feb 5, 2024
22 Posts
Not available anymore in Chicago
Last edited by divyapolisetty February 5, 2024 at 12:00 PM.

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Feb 5, 2024
9 Posts
Joined Oct 2022
Feb 5, 2024
Yel143
Feb 5, 2024
9 Posts
Quote from dealbreaker15 :
Can you travel with this and gift in your home country?
Not in the bar form.

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