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expired Posted by chemman14 • Apr 8, 2024
expired Posted by chemman14 • Apr 8, 2024

Costco Members: 2024 1 oz American Eagle Silver Coin, 20-count $669.99

$670

$670

Costco Wholesale
23 Comments 6,361 Views
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Features:
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments


Product Details
Coin Highlights:
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
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1789494.html
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Features:
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments


Product Details
Coin Highlights:
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
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1789494.html

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23 Comments

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Apr 9, 2024
7,851 Posts
Joined Oct 2004
Apr 9, 2024
VarmintCong
Apr 9, 2024
7,851 Posts
Quote from koge811 :
better to buy generics than silver eagles this is a premium of 20-30%.
the mint is very very greedy.
these are not suppose to be collectibles.
this also means the mint isn't taking delivery of the silver from comex to mint more making them worthless buying from them to raise price of silver.

best is to gain certification and take delivery from comex.
You can buy foreign official mint coins that are a lot lower premium to spot, I'd buy those over rounds.
Apr 9, 2024
124 Posts
Joined Sep 2020
Apr 9, 2024
BeigeWater5876
Apr 9, 2024
124 Posts
A lot more people are interested in buying silver and gold right now because gold keeps hitting ath. This means the media talks about it and people want to buy. That's one reason the premiums go up. I hate to see it.
Original Poster
Apr 9, 2024
1,501 Posts
Joined Dec 2018
Apr 9, 2024
chemman14
Original Poster
Apr 9, 2024
1,501 Posts
It's back up.
Apr 10, 2024
2,214 Posts
Joined Jun 2013
Apr 10, 2024
koge811
Apr 10, 2024
2,214 Posts
Quote from BeigeWater5876 :
A lot more people are interested in buying silver and gold right now because gold keeps hitting ath. This means the media talks about it and people want to buy. That's one reason the premiums go up. I hate to see it.
tell these losers to buy directly from comex then because them buying these coins at huge premiums do nothing for the price of the commodity in market terms like they think it does.

the only real way for them to affect the price is in reality to become a gold/silver dealer and actually take delivery of the metal from the wall street markets if they even care to bother but that is too complicated for most apparently and instead buying gold and silver to the tune of millions and billions is preferable to doing that apparently

the cost of laziness.
1
Apr 10, 2024
2,080 Posts
Joined Dec 2012
Apr 10, 2024
Pga
Apr 10, 2024
2,080 Posts
Quote from jm2840 :
Not even a good deal and they still got ate up to out of stock. the demand is strong
Costco carries minimal inventory of the gold and silver. It's a niche item for them.
2
Apr 10, 2024
192 Posts
Joined Dec 2007
Apr 10, 2024
BluePinot
Apr 10, 2024
192 Posts
Quote from Pga :
Costco carries minimal inventory of the gold and silver. It's a niche item for them.
If Costco is indeed moving $200 million/month in gold sales revenue, they're moving over 80,000 toz of gold to households per month. Approx 30 metric tons per year at that rate. Very significant to any mere mortal but still a small fry in the grand scale of the gold market. For comparison, central banks have added over 1,000 metric tons of gold each year over the past two years.

It'll be interesting to see how the Costco story unfolds given the recent demand.


Apr 11, 2024
344 Posts
Joined Jan 2013
Apr 11, 2024
jm2840
Apr 11, 2024
344 Posts
Quote from Pga :
Costco carries minimal inventory of the gold and silver. It's a niche item for them.
https://finance.yahoo.com/news/co...08136.html

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Apr 11, 2024
7,851 Posts
Joined Oct 2004
Apr 11, 2024
VarmintCong
Apr 11, 2024
7,851 Posts
The problem at least with silver is the US mint doesn't produce nearly as much silver Eagles as there is demand. So if Costco buys more US mint silver, it will only make premiums go higher.

Costco probably makes minimal profit on gold and silver, so not much incentive to boost sales. They're probably enjoying the publicity though.

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