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Costco Offer:2024 1 oz Canada Maple Leaf Gold Coin - $2349.99
$2,349.99
Features:
1 oz 999.9% Fine Gold Minted 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
1 oz 999.9% Fine Gold Minted 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
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37 Comments
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I'm not seriously considering buying this, but I'm kind of curious how sales tax works on a gold coin. Ostensibly this is an investment, which wouldn't normally have sales tax, but it's also a physical good, which would normally have sales tax.
Can I order online and is shipping free?
Any sales tax?
And I believe I can use it CC, but just want to confirm
Well, I just bought another. I paid $2,380 on 4/24, and this, at $2,350 and after 4% CB at $2,256 is a bargain below spot! I ship them to family in CA or WA to avoid sales tax too.
The same coin in sealed packaging is selling for $2,433 on eBay as of 2:55 PM PDT. Out the door with 2% CB is $2,384. This deal after 4% CB is $2,256 and below spot at $2,319 as of 2:55 PM PDT. That's $128 cheaper and an unreal $63 below spot for sealed 2024 Can Maple!
That link is to the spot price of gold, the price established by the commodities exchanges in the USA and overseas for a contract order of raw gold, which I think is 100 oz bars per contract. The commodities traders buy and sell gold for their customers who need the metal or to make profits on the trade.
It's not minted gold where a government or private mint will press and stamp out a nice shiny coin with someone's face or an animal impressed on it. Those are what retail customers buy and pay a "premium" over the spot price because we aren't buying 100 oz bars of raw gold on the commodities exchanges. The free market of buyers and sellers arrives at a market price for the premium for minted coins and bars.
Well, I just bought another. I paid $2,380 on 4/24, and this, at $2,350 and after 4% CB at $2,256 is a bargain below spot! I ship them to family in CA or WA to avoid sales tax too.
The same coin in sealed packaging is selling for $2,433 on eBay as of 2:55 PM PDT. Out the door with 2% CB is $2,384. This deal after 4% CB is $2,256 and below spot at $2,319 as of 2:55 PM PDT. That's $128 cheaper and an unreal $63 below spot for sealed 2024 Can Maple!
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Can I order online and is shipping free?
Any sales tax?
And I believe I can use it CC, but just want to confirm
Some states charge sales tax, some states who recognize that gold is money (you don't pay sales tax on your dollars do you?) don't charge sales tax, some only charge sales tax on lower dollar amounts or non-government minted coins (called rounds).
Click here to see the sales tax laws for your state:
https://www.texmetals.c
If King Charles III passes this year, this would be the only year that he would be on the coin. I would think the value of this coin would go up considering it would be the only year he's on it.
I'm curious as to what you guys think.
That link is to the spot price of gold, the price established by the commodities exchanges in the USA and overseas for a contract order of raw gold, which I think is 100 oz bars per contract. The commodities traders buy and sell gold for their customers who need the metal or to make profits on the trade.
It's not minted gold where a government or private mint will press and stamp out a nice shiny coin with someone's face or an animal impressed on it. Those are what retail customers buy and pay a "premium" over the spot price because we aren't buying 100 oz bars of raw gold on the commodities exchanges. The free market of buyers and sellers arrives at a market price for the premium for minted coins and bars.
Thank you!!
I've been buying gold coins/bars since 2013 and see them as a store of value (for thousands of years, mind you) and insurance against inflation/money printing. I will start selling for the 1st time when gold hits $3,000 to LCS (local coin shop) or large online dealers like APMEX. BTW - did y'all know gold was only about $20/oz 50 yrs ago when Nixon took USD out of gold standard?
Costoc sends the gold in UPS box that requires signature and insured shipping is free. That said, you may need to pay state sales tax (usually not local sales tax). So ship to friends and family in CA, WA or other state to avoid paying sales tax.
Good link to real-time gold pricing: https://www.kitco.com/charts/gold
Think of it like how bookies make money by taking bets from both sides.
Also, since the price is over $2k, there is no sales tax in many states.
This is the new standard for gold purchase.
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