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expired Posted by bridge12219 • Feb 16, 2024
expired Posted by bridge12219 • Feb 16, 2024

Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)

+ Free Shipping

$550

$550

Costco Wholesale
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Deal Details
Costco Wholesale has for its Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024) for $549.99. Shipping is free.

Thanks to Community Member bridge12219 for sharing this deal.
  • Note: Must be logged in w/ valid Costco membership to see price/purchase.
About this Item:
  • 1 troy ounce of 99.9% pure silver
  • Produced by the United States Mint
  • Brilliant uncirculated finish
  • Packaged in a specially labeled tube holding 20 coins per tube

Editor's Notes

Written by slickdewmaster | Staff
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
  • About this Deal:
    • Item is Non-Refundable
    • Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
    • Item is Not Eligible for Price Adjustments

Original Post

Written by bridge12219
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for its Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024) for $549.99. Shipping is free.

Thanks to Community Member bridge12219 for sharing this deal.
  • Note: Must be logged in w/ valid Costco membership to see price/purchase.
About this Item:
  • 1 troy ounce of 99.9% pure silver
  • Produced by the United States Mint
  • Brilliant uncirculated finish
  • Packaged in a specially labeled tube holding 20 coins per tube

Editor's Notes

Written by slickdewmaster | Staff
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
  • About this Deal:
    • Item is Non-Refundable
    • Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
    • Item is Not Eligible for Price Adjustments

Original Post

Written by bridge12219

Community Voting

Deal Score
+19
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Top Comments

You're comparing it to spot price. Spot silver prices are based on the price per oz for five 1000 oz bars, not individual 1 oz bars. The 1 oz coins and bars generally sell for a bigger premium over spot. It's basically like wholesale versus retail pricing associated with buying much smaller quantities. If you ever see a reputable dealer selling 1 oz coins at spot with no strings attached, a thread like that would totally blow up. The closest that you'll usually see is a seller offering a small number of them at spot price as an intro deal to attract new customers.

"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar . Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""

https://washingtongoldexchange.co...pot-price/
Hey buddy, if you think you can buy physical silver at spot price, I have a beach front house in Arizona I'd like to sell you
Forums are to discuss a "deal". I'm arguing why I feel that it isn't the best value. If you only want blind agreement, perhaps you should move on.

If US dollars fail, we will be in a sort of trouble a safe full of silver eagles won't solve. That said, I'm not entirely vested in fiat either, but I don't own physical silver or gold.

...if it comes to a barter situation, I'd rather have ammunition, fuel, and food to be honest.

107 Comments

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Feb 16, 2024
1,492 Posts
Joined Dec 2018
Feb 16, 2024
chemman14
Feb 16, 2024
1,492 Posts
Bring back $519.99 and I'm in.
2
2
Feb 16, 2024
1,493 Posts
Joined May 2012
Feb 16, 2024
CharlesBarkley
Feb 16, 2024
1,493 Posts
Quote from chemman14 :
Bring back $519.99 and I'm in.
I think more like $510
1
Feb 17, 2024
245 Posts
Joined Feb 2024
Feb 17, 2024
Slickerdealerz
Feb 17, 2024
245 Posts
Shipping & Handling Included*
Features:
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments

Arrives approximately 3 - 5 business days from time of order.

Members Only: Warehouse pick up is available for this item and standard delivery time will apply. Please note, only the bill-to credit card addressee may pickup the product. Valid state or government-issued photo ID is required at the time of pick up.

https://www.costco.com/2024-1-oz-...40592.html
1
Feb 17, 2024
1,492 Posts
Joined Dec 2018
Feb 17, 2024
chemman14
Feb 17, 2024
1,492 Posts
Quote from CharlesBarkley :
I think more like $510
Were they up for $510? I thought the floor was 519.99 a few times.
1
Feb 17, 2024
1,493 Posts
Joined May 2012
Feb 17, 2024
CharlesBarkley
Feb 17, 2024
1,493 Posts
Quote from chemman14 :
Were they up for $510? I thought the floor was 519.99 a few times.
You're right, wishful thinking on my part 😀
Feb 17, 2024
10 Posts
Joined Jun 2021
Feb 17, 2024
ArkhamB
Feb 17, 2024
10 Posts
This is still a good deal at this price...Big online silver dealer SD Bullion sells a similar item for $590-600. Also it's $25 more if you use paypal or credit card, which costco isn't doing.
1
Feb 17, 2024
4,456 Posts
Joined Nov 2013

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Feb 17, 2024
484 Posts
Joined Feb 2006
Feb 17, 2024
ispeed
Feb 17, 2024
484 Posts
APMEX is $622 right now and that price drops/climbs as spot prices change. Since it's the weekend, probably good at that price until Sun night. $549 is a great price if in the market for ASEs. If you just want bullion, then ASEs are not what you should be looking at.
1
Feb 17, 2024
180 Posts
Joined Aug 2015
Feb 17, 2024
d1sdeal
Feb 17, 2024
180 Posts
Quote from luckydog97 :
17% above what it's worth?
Try Ebay bars from random "mints" will get you closer to spot.
The country of australia sold fake gold to china
and got caught
1
2
Feb 17, 2024
180 Posts
Joined Aug 2015
Feb 17, 2024
d1sdeal
Feb 17, 2024
180 Posts
Quote from ispeed :
APMEX is $622 right now and that price drops/climbs as spot prices change. Since it's the weekend, probably good at that price until Sun night. $549 is a great price if in the market for ASEs. If you just want bullion, then ASEs are not what you should be looking at.
I think your address will go straight to a "to burgle" list when the power cuts come
Pro
Feb 17, 2024
4,371 Posts
Joined Aug 2015
Feb 17, 2024
SlySol
Pro
Feb 17, 2024
4,371 Posts

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

Quote from luckydog97 :
Whoa...so, let me get this deal straight...all I have to do is buy 20 eagles at a time, and I, a normal citizen, can lock in silver at 17% above what it's worth?
You're comparing it to spot price. Spot silver prices are based on the price per oz for five 1000 oz bars, not individual 1 oz bars. The 1 oz coins and bars generally sell for a bigger premium over spot. It's basically like wholesale versus retail pricing associated with buying much smaller quantities. If you ever see a reputable dealer selling 1 oz coins at spot with no strings attached, a thread like that would totally blow up. The closest that you'll usually see is a seller offering a small number of them at spot price as an intro deal to attract new customers.

"Why Do I Have to Pay More than the Spot Price?
Simple Answer: Because "spot price" is the bulk rate for a large bar [100 oz gold or (5) 1,000 oz silver bars]. Further, "spot price" does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce "rounds" in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the "coin premium.""

https://washingtongoldexchange.co...pot-price/
6
3
Feb 17, 2024
2,079 Posts
Joined Dec 2012

This comment has been rated as unhelpful by Slickdeals users.

Feb 17, 2024
180 Posts
Joined Aug 2015
Feb 17, 2024
d1sdeal
Feb 17, 2024
180 Posts
Quote from Pga :
Lol 99.99% pure gold is fake? Suckers pay premiums on logos
https://www.abc.net.au/news/2023-.../102048622
1
1
Feb 17, 2024
2,079 Posts
Joined Dec 2012
Feb 17, 2024
Pga
Feb 17, 2024
2,079 Posts
Might want to read the article. 99.99% pure within industry standards
3

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Feb 17, 2024
138 Posts
Joined Jul 2018
Feb 17, 2024
GixxRacer
Feb 17, 2024
138 Posts
Thanks in for one.
2

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