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expired Posted by bridge12219 • Feb 16, 2024
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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

SlySol
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/
Togetto
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
luckydog97
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 17, 2024
1,324 Posts
Joined Nov 2007
Feb 17, 2024
Jdmalibu
Feb 17, 2024
1,324 Posts
Quote from SociableSeed594 :
Why is everyone focused on appreciation and the cheapest possible price. You are only buying this for if SHTF. If you want to invest in Silver then you just buy an ETF.
This is why I buy it, the Federal Reserve is not to be trusted.
2
Feb 17, 2024
5,186 Posts
Joined Jul 2010
Feb 17, 2024
TXGoat
Feb 17, 2024
5,186 Posts
Too bad a sticky post can't be pinned to the top of all these deal postings that explains to EVERY person that comes in to TC that everyone knows that the spot price of the metal is less than the price of the deal posted, but the spot price itself isn't necessarily what should be compared. I guess thread crapping by the uninitiated will continue in these types of threads. It's almost as reliable an occurrence as the price of that one metal....
1
2
Feb 17, 2024
2,079 Posts
Joined Dec 2012
Feb 17, 2024
Pga
Feb 17, 2024
2,079 Posts
Quote from SociableSeed594 :
Why is everyone focused on appreciation and the cheapest possible price. You are only buying this for if SHTF. If you want to invest in Silver then you just buy an ETF.
Because people don't want to admit this is overall very poor deal and trying to resolve their cognitive dissonance.
6
Feb 17, 2024
7,843 Posts
Joined Oct 2004
Feb 17, 2024
VarmintCong
Feb 17, 2024
7,843 Posts
Quote from ChadG7931 :
Thank you this answered all of my questions. I appreciate you taking the time to write this out.
He didn't mention one thing, that US silver eagles are always expensive cause the US mint intentionally under produces them.
Last edited by VarmintCong February 17, 2024 at 06:09 AM.
1
Pro
Feb 17, 2024
281 Posts
Joined Jun 2017
Feb 17, 2024
phoenix-wright
Pro
Feb 17, 2024
281 Posts
I'm just disappointed it's already at $550. I just bought last week at $540 and sadly missed out on the $520. Silver is up only slightly vs last week.
Feb 17, 2024
7,843 Posts
Joined Oct 2004
Feb 17, 2024
VarmintCong
Feb 17, 2024
7,843 Posts
Quote from muslhead :
That give me comfort knowing ALL the naysayers are saying the same thing.
Please provide proof that ALL are saying it otherwise your comment is nothing more than another useless opinion.
That's not what I meant. I meant when silver is popular, I don't want to buy it. I want to buy it when it's hated. Right now it's kind of in between so I'm not a buyer.
1
Feb 17, 2024
7,843 Posts
Joined Oct 2004
Feb 17, 2024
VarmintCong
Feb 17, 2024
7,843 Posts
Quote from BrentH2637 :
Exactly. If the USD crashes so does the global economy. Silver coins have value because enough people believe they have value, just like paper currency. Once that belief system is disrupted, they too can become worthless.
Silver has been valuable for 3000 years. It'll outlive the dollar and whatever follows it. That's why we buy it. It certainly will outlive any silver ETF.
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Feb 17, 2024
7,843 Posts
Joined Oct 2004
Feb 17, 2024
VarmintCong
Feb 17, 2024
7,843 Posts
Quote from phoenix-wright :
I'm just disappointed it's already at $550. I just bought last week at $540 and sadly missed out on the $520. Silver is up only slightly vs last week.
I'm all for principles but if you're planning on keeping your silver for decades, do you really care if it's $27 or $27.50 per coin?
1
Feb 17, 2024
2,079 Posts
Joined Dec 2012
Feb 17, 2024
Pga
Feb 17, 2024
2,079 Posts
Quote from VarmintCong :
Silver has been valuable for 3000 years. It'll outlive the dollar and whatever follows it. That's why we buy it. It certainly will outlive any silver ETF.
valuable like any other commodity for 3000 years: with cycles of record low and record high prices
1
Pro
Feb 17, 2024
281 Posts
Joined Jun 2017
Feb 17, 2024
phoenix-wright
Pro
Feb 17, 2024
281 Posts
Quote from VarmintCong :
I'm all for principles but if you're planning on keeping your silver for decades, do you really care if it's $27 or $27.50 per coin?
Haha nope but I'm also a slickdealer 😂
Feb 17, 2024
7,843 Posts
Joined Oct 2004
Feb 17, 2024
VarmintCong
Feb 17, 2024
7,843 Posts
Quote from Pga :
Because people don't want to admit this is overall very poor deal and trying to resolve their cognitive dissonance.
I don't see anyone calling this a good deal, just that this is the best price you can get. I haven't seen what I'd call a good silver deal in like 6 years. Back when you could get 25% EBay discounts on certain silver products like rolls of quarters or Canadian Maples. You could get silver under spot.

Those deals were Slick, but I haven't seen anything like that in years. I got spoiled by those days so I can't pay $4 over spot for an ASE.
1
Feb 17, 2024
389 Posts
Joined Oct 2007
Feb 17, 2024
AgentP
Feb 17, 2024
389 Posts
Quote from sscamaro :
Sure, right, get enough of the SD Force to demand a price reduction, and I'm sure you'll get the price from 15 years ago ~$16.84/oz

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%
After 15 years, that's like a 2% rate of return.
Feb 17, 2024
2,079 Posts
Joined Dec 2012

This comment has been rated as unhelpful by Slickdeals users.

Feb 17, 2024
264 Posts
Joined Sep 2017
Feb 17, 2024
tuphat
Feb 17, 2024
264 Posts
This: "The silver and gold people can't be convinced. You're wasting time trying."
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Feb 17, 2024
7,843 Posts
Joined Oct 2004
Feb 17, 2024
VarmintCong
Feb 17, 2024
7,843 Posts
Quote from Pga :
valuable like any other commodity for 3000 years: with cycles of record low and record high prices
Silver is a monetary metal, so it's gone up a lot more than base metals or oil. If it traded like an industrial metal it would be like $4/oz.

But yes it's very cyclical so you want to catch the bull markets, and you don't want to buy after it's gone up 1000% cause it's likely to go down or do nothing for 10 years.
2

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