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expiredchemman14 posted Mar 29, 2024 12:02 AM
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expiredchemman14 posted Mar 29, 2024 12:02 AM

Costco Members: 1 Troy Oz. 2024 American Buffalo Gold Coin (New In Assay)

+ Free Shipping

$2,300

$2,300

Costco Wholesale
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Deal Details
Costco Wholesale has for their Members: 1 Troy Ounce 2024 American Buffalo Gold Coin (New In Assay) for $2299.99. Shipping is free.

Thanks to Community Member chemman14 for finding this deal.

Note: A Costco Membership is required to purchase this item. Limit of 1 Transaction Per Membership, with a Maximum of 5 Units. Item is non-refundable and not eligible for price adjustments.

About this item:
  • 1oz of 999.9 Fine Gold
  • Produced by the United States Mint
  • Individually packaged in an encapsulated assay card

Editor's Notes

Written by johnny_miller | Staff

Original Post

Written by chemman14
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for their Members: 1 Troy Ounce 2024 American Buffalo Gold Coin (New In Assay) for $2299.99. Shipping is free.

Thanks to Community Member chemman14 for finding this deal.

Note: A Costco Membership is required to purchase this item. Limit of 1 Transaction Per Membership, with a Maximum of 5 Units. Item is non-refundable and not eligible for price adjustments.

About this item:
  • 1oz of 999.9 Fine Gold
  • Produced by the United States Mint
  • Individually packaged in an encapsulated assay card

Editor's Notes

Written by johnny_miller | Staff

Original Post

Written by chemman14

Community Voting

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Top Comments

NeatMorning7086
502 Posts
141 Reputation
Gold won't do you much good at the height of a crisis. That's when food, water, medical supplies, weapons, alcohol, tobacco, etc. will be the primary bartering tools. No crisis lasts for long, though, and when society stabilizes, the gold will help you get a head start in the new economy. Basically, if the US dollar falls apart, you can use your precious metals to buy whatever new currency replaces it.

If a major crisis never occurs, gold will very slowly climb in value, more or less matching inflation. It's a very safe investment, but with extremely low yield compared to traditional investment opportunities, so gold should only make up a small percentage of your investment portfolio (it's a financial final line of defense).
CC1E
7 Posts
10 Reputation
Exec membership gets 2% back, and Costco Citi card gets an additional 2% off. Plus you get the float on the credit card. No other dealer comes close.
xVAGUE
82 Posts
26 Reputation
Serious question, what's the point of collecting gold?

96 Comments

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Mar 29, 2024 08:55 AM
502 Posts
Joined Jan 2022
NeatMorning7086Mar 29, 2024 08:55 AM
502 Posts

Our community has rated this post as helpful. If you agree, why not thank NeatMorning7086

Quote from PaperOrPlastic :
Can someone explain to me what you plan to do with these gold coins during a financial crisis or any situation really? Do you just go resell it at a jewelry store that buys gold? What's the process? Thanks.
Gold won't do you much good at the height of a crisis. That's when food, water, medical supplies, weapons, alcohol, tobacco, etc. will be the primary bartering tools. No crisis lasts for long, though, and when society stabilizes, the gold will help you get a head start in the new economy. Basically, if the US dollar falls apart, you can use your precious metals to buy whatever new currency replaces it.

If a major crisis never occurs, gold will very slowly climb in value, more or less matching inflation. It's a very safe investment, but with extremely low yield compared to traditional investment opportunities, so gold should only make up a small percentage of your investment portfolio (it's a financial final line of defense).
2
1
1
Mar 29, 2024 09:45 AM
293 Posts
Joined Jan 2019

This comment has been rated as unhelpful by Slickdeals users.

Mar 29, 2024 11:29 AM
448 Posts
Joined Dec 2016
couchyMar 29, 2024 11:29 AM
448 Posts
I got one of these. It's a cool looking coin with a unique texture. Not buying gold at today's prices, though.
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This user is an Expert in Home & Home Improvement
Mar 29, 2024 11:39 AM
622 Posts
Joined Feb 2018
spyder2799
Expert
This user is an Expert in Home & Home Improvement
Mar 29, 2024 11:39 AM
622 Posts
Shipping & Handling Included
Features:
999.9 Fine Gold Coin
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments

https://www.costco.com/.product.1...ue&nf=true
Mar 29, 2024 11:40 AM
3,055 Posts
Joined Feb 2017
RedmontMar 29, 2024 11:40 AM
3,055 Posts
Back when gold was $300 an ounce —these one ounce gold coins made sense —but I am not sure they still do. Gold is only going up so unless you are bribing a NJ Senator —a one ounce gold coin represents far more buying power and cash than most people would want to have tied up in one coin because you have to liquidate what is now a large position in gold if you sell this coin. I realize that a one ounce coin is mathematically the most cost effective way to buy gold but I do not think it is the smartest way to buy today. I have been buying gold since the late 1990s and I am paying the premium and buying 1/10th ounce Canadian Maple Leaf coins now.
Mar 29, 2024 11:48 AM
2,758 Posts
Joined Dec 2012
fuzzyballzMar 29, 2024 11:48 AM
2,758 Posts
LMAO, people buying things they don't need and end up regretting their purchases later. Yikes.
4
Mar 29, 2024 11:49 AM
29 Posts
Joined Nov 2015
NewtonSMar 29, 2024 11:49 AM
29 Posts
Does Costco charge tax on gold coin purchases?

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Mar 29, 2024 12:03 PM
83 Posts
Joined Nov 2023

This comment has been rated as unhelpful by Slickdeals users.

Mar 29, 2024 12:14 PM
2,411 Posts
Joined Sep 2006
robertw477Mar 29, 2024 12:14 PM
2,411 Posts
Quote from NeatMorning7086 :
Gold won't do you much good at the height of a crisis. That's when food, water, medical supplies, weapons, alcohol, tobacco, etc. will be the primary bartering tools. No crisis lasts for long, though, and when society stabilizes, the gold will help you get a head start in the new economy. Basically, if the US dollar falls apart, you can use your precious metals to buy whatever new currency replaces it.

If a major crisis never occurs, gold will very slowly climb in value, more or less matching inflation. It's a very safe investment, but with extremely low yield compared to traditional investment opportunities, so gold should only make up a small percentage of your investment portfolio (it's a financial final line of defense).
For survivial types gold will do nothing for you. YOu think that you will "survive" but others wont. Gold is a safe investment compared to what? One gold coin is going to start your life in a new economy? In a crisis people come to get your gold so they can do nothing with it. If this was the 1800s it might be different. Somebody must be doing some serious online spin about gold as some sort of safety net.
3
Mar 29, 2024 12:35 PM
44 Posts
Joined Apr 2019
Gabriel2013Mar 29, 2024 12:35 PM
44 Posts
Good deal, but that's a bison. Can't buy a coin that makes that mistake!
1
Mar 29, 2024 12:37 PM
473 Posts
Joined May 2014
ThisIsDavidMar 29, 2024 12:37 PM
473 Posts
Quote from couchy :
I got one of these. It's a cool looking coin with a unique texture. Not buying gold at today's prices, though.
Good luck buying at yesterday's prices 👍
Mar 29, 2024 12:48 PM
256 Posts
Joined May 2016
euuser7646271Mar 29, 2024 12:48 PM
256 Posts
Quote from ThisIsDavid :
Good luck buying at yesterday's prices 👍
Yesterday's prices are long gone and won't come back.
Mar 29, 2024 12:51 PM
2,370 Posts
Joined Jan 2024
WolfTheCatMar 29, 2024 12:51 PM
2,370 Posts
Quote from NeatMorning7086 :
Gold won't do you much good at the height of a crisis. That's when food, water, medical supplies, weapons, alcohol, tobacco, etc. will be the primary bartering tools. No crisis lasts for long, though, and when society stabilizes, the gold will help you get a head start in the new economy. Basically, if the US dollar falls apart, you can use your precious metals to buy whatever new currency replaces it.

If a major crisis never occurs, gold will very slowly climb in value, more or less matching inflation. It's a very safe investment, but with extremely low yield compared to traditional investment opportunities, so gold should only make up a small percentage of your investment portfolio (it's a financial final line of defense).
My problem is that these costco deals are too big.

In a post-crisis, I probably would not want to liquidate that much gold in one shot. I'd rather have smaller, more spendable amounts - several bars of a gram or less.
1
Mar 29, 2024 01:10 PM
96 Posts
Joined Nov 2017
tacocruncherMar 29, 2024 01:10 PM
96 Posts
Quote from fuzzyballz :
LMAO, people buying things they don't need and end up regretting their purchases later. Yikes.
Eh, I guess it depends on what you can and can't afford to lose. I max out all of my retirement options, have a diverse portfolio, etc and this is just a fun tangible investment of something physical to have. Even if gold tanks, getting one won't exactly be devastating at all.
Last edited by tacocruncher March 29, 2024 at 07:32 AM.
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Mar 29, 2024 01:15 PM
103 Posts
Joined Nov 2011
sekots81Mar 29, 2024 01:15 PM
103 Posts
If you were to take this to a gold buyer, ie jewelry store, you'll get about $500 for it.
5

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