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Costco Members: 20-Count 1 Troy Ounce American Eagle Silver Coin (2024)
$550
$550
+ Free Shippingat Costco Wholesale
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+ Free Shippingat Costco WholesaleDeal 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.
Thanks to Community Member bridge12219 for sharing this deal.
- Note: Must be logged in w/ valid Costco membership to see price/purchase.
- 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
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.
Thanks to Community Member bridge12219 for sharing this deal.
- Note: Must be logged in w/ valid Costco membership to see price/purchase.
- 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
Community Voting
Deal
Score
+19
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Bad Deal
Top Comments
"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://washingtongolde
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.
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107 Comments
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How exciting!
Wait, do they do this with special $100 bills too? Can I buy fresh $100 bills for $117 each? Please do share if so!!
Silver Metal Performance History
February 16, 2024 3:01 AM EST
Time Price Change Change %
1 Day $22.96 +0.079 +0.34%
14 Days $22.69 +0.32 +1.41%
1 Months $23.64 -0.634 -2.68%
6 Months $22.56 +0.448 +1.99%
1 Years $23.80 -0.79 -3.32%
5 Years $17.86 +5.148 +28.83%
10 Years $15.70 +7.309 +46.57%
15 Years $16.84 +6.165 +36.61%
Silver Metal Performance History
February 16, 2024 3:01 AM EST
Time Price Change Change %
1 Day $22.96 +0.079 +0.34%
14 Days $22.69 +0.32 +1.41%
1 Months $23.64 -0.634 -2.68%
6 Months $22.56 +0.448 +1.99%
1 Years $23.80 -0.79 -3.32%
5 Years $17.86 +5.148 +28.83%
10 Years $15.70 +7.309 +46.57%
15 Years $16.84 +6.165 +36.61%
/s
The silver and gold people can't be convinced. You're wasting time trying.
"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/ [washingtongoldexchange.com]
I'm aware eagles sell over spot. That said, there is no realistic way to liquidate these coins without a meaningful loss in value, time, or both.
Over the last ten years the value of silver is, essentially flat, sitting between 20-$25/ounce spot since the early teens. If you account inflation, it's arguably a loss long term.
Again, buying in, effectively underwater, on a poor performing asset seems absurd, especially with guaranteed 5% high yield savings account at the moment.
I'm aware eagles sell over spot. That said, there is no realistic way to liquidate these coins without a meaningful loss in value, time, or both.
Over the last ten years the value of silver is, essentially flat, sitting between 20-$25/ounce spot since the early teens. If you account inflation, it's arguably a loss long term.
Again, buying in, effectively underwater, on a poor performing asset seems absurd, especially with guaranteed 5% high yield savings account at the moment.
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.
Again, buying in, effectively underwater, on a poor performing asset seems absurd, especially with guaranteed 5% high yield savings account at the moment.
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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.
I know what metals are for in portfolios, traditionally, although they haven't served as a hedge against inflation the last few years very well.
We aren't considering the stability of fiat in a backwater state run by warlords, this isn't post WWI Germany, and we aren't in medieval times. In a modern international financial structure with many integral participants, the fate of dollars, euros, yen, and yuan are largely intertwined. If the dollar collapses, the world economy is following or will follow, so don't expect a pocket full of kruggerands to save the day.
I'll wait.
How exciting!
Wait, do they do this with special $100 bills too? Can I buy fresh $100 bills for $117 each? Please do share if so!!
Sign up for a Slickdeals account to remove this ad.
I'll wait.
Dollar purchasing power is down 60% or so since 2015.
So silver is doing it's job as a safe store of value.
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Share your experience with the Slickdeals community
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