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expired Posted by Zim1 • Jun 4, 2024
expired Posted by Zim1 • Jun 4, 2024

Costco Members: 2024 1 oz American Eagle Silver Coin, 20-count $719.99

$720

Costco Wholesale
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Item is Non-Refundable
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https://www.costco.com/2024-1-oz-...40592.html
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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

https://www.costco.com/2024-1-oz-...40592.html

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16 Comments

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Jun 4, 2024
17 Posts
Joined Dec 2017
Jun 4, 2024
CrashOverride9
Jun 4, 2024
17 Posts
$539.99 on Feb 10, 2024 for the same 20. Is the USD losing this much purchasing power due to inflation so quickly or is this not a slick deal? Costco usually is priced for value. Maybe they figure people will continue to buy regardless, but the ramifications are terrifying. 33% rate of inflation on these in just four months!!!
1
Pro
Jun 4, 2024
7,816 Posts
Joined Oct 2004
Jun 4, 2024
VarmintCong
Pro
Jun 4, 2024
7,816 Posts
Quote from CrashOverride9 :
$539.99 on Feb 10, 2024 for the same 20. Is the USD losing this much purchasing power due to inflation so quickly or is this not a slick deal? Costco usually is priced for value. Maybe they figure people will continue to buy regardless, but the ramifications are terrifying. 33% rate of inflation on these in just four months!!!
Silver's price is very heavily influenced by technical trading. $26 was stiff resistance for years, and when it finally broke, silver went straight to $32. It'll probably be $50 in a few months before having a major correction (like back down to $35 or $30.)
Pro
Jun 4, 2024
330 Posts
Joined Nov 2017
Jun 4, 2024
Joewalnut
Pro
Jun 4, 2024
330 Posts
Quote from CrashOverride9 :
$539.99 on Feb 10, 2024 for the same 20. Is the USD losing this much purchasing power due to inflation so quickly or is this not a slick deal? Costco usually is priced for value. Maybe they figure people will continue to buy regardless, but the ramifications are terrifying. 33% rate of inflation on these in just four months!!!
Silver is on a bull run right now. Eagles are going for $40/ea, so not the wide margin you'd have if you bought months ago, but still money to be made.

Precious metals tend to track with inflation but occasionally break out. That's what we've seen over the past few months.
Jun 4, 2024
765 Posts
Joined Aug 2016
Jun 4, 2024
usernamistaken
Jun 4, 2024
765 Posts
Quote from CrashOverride9 :
$539.99 on Feb 10, 2024 for the same 20. Is the USD losing this much purchasing power due to inflation so quickly or is this not a slick deal? Costco usually is priced for value. Maybe they figure people will continue to buy regardless, but the ramifications are terrifying. 33% rate of inflation on these in just four months!!!
It's overpriced and due for its correction back down to reality, buying now just locks in your losses. same with gold. if it were inflation driven you'd see other currencies making gains, but USD continues stronger than most others, especially notable with the USD vs JPY. A lot of people are still buying, but look at what happened after each breakout/ATH peak. I guess enjoy holding your $720 20oz when it's worth $400 again.
1
Pro
Jun 4, 2024
7,816 Posts
Joined Oct 2004
Jun 4, 2024
VarmintCong
Pro
Jun 4, 2024
7,816 Posts
Quote from usernamistaken :
It's overpriced and due for its correction back down to reality, buying now just locks in your losses. same with gold. if it were inflation driven you'd see other currencies making gains, but USD continues stronger than most others, especially notable with the USD vs JPY. A lot of people are still buying, but look at what happened after each breakout/ATH peak. I guess enjoy holding your $720 20oz when it's worth $400 again.
You're confusing a precious metals bull market with a bear market. Look at silver junior miners, they are up 50-100% in a month, that's bull market behavior and a sign of what's to come. $50 in a few months, and premiums will be $10 by then.
Jun 5, 2024
212 Posts
Joined Dec 2003
Jun 5, 2024
illwill
Jun 5, 2024
212 Posts
they didnt charge tax for gold but charging tax for the silver :/
Jun 5, 2024
71 Posts
Joined Dec 2009
Jun 5, 2024
m_prince_54
Jun 5, 2024
71 Posts
Maples are also there and are a better deal, both 1oz coins, just different mint.

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Jun 5, 2024
39,038 Posts
Joined Nov 2005
Jun 5, 2024
Dr. J
Jun 5, 2024
39,038 Posts
Quote from illwill :
they didnt charge tax for gold but charging tax for the silver :/
Some states charge tax but only if UNDER a certain amount.
Jun 5, 2024
284 Posts
Joined Sep 2011
Jun 5, 2024
drama1111
Jun 5, 2024
284 Posts
Can someone explain how to go about selling these coins?
Thanks!
Jun 5, 2024
324 Posts
Joined Aug 2007
Jun 5, 2024
miami
Jun 5, 2024
324 Posts
Quote from drama1111 :
Can someone explain how to go about selling these coins?
Thanks!
Its rather difficult
Pro
Jun 5, 2024
330 Posts
Joined Nov 2017
Jun 5, 2024
Joewalnut
Pro
Jun 5, 2024
330 Posts
Quote from drama1111 :
Can someone explain how to go about selling these coins?
Thanks!
Buy at $719. Immediately put on FB Marketplace for $800. If spot price holds, an easy $80.
Jun 5, 2024
71 Posts
Joined Dec 2009
Jun 5, 2024
m_prince_54
Jun 5, 2024
71 Posts
Quote from drama1111 :
Can someone explain how to go about selling these coins?
Thanks!
You can sell them to online dealers.

For example these eagles will get you $620 for the tube at jm bullion, and the maples will get you 732.50.

Costco is selling the eagles for $699 and the maples for $799 right now.

SD bullion will give you $636 for the eagles and $757 for the maples.

so with rebates, you're not too far off the sell-back price, and they ship for free.
Jun 5, 2024
68 Posts
Joined Sep 2021
Jun 5, 2024
MellowPen966
Jun 5, 2024
68 Posts
I just paid $640 tax and title and shipping for 20 1 oz. rounds from Monument Metals. Yes, they weren't Eagles, but the silver content is the same.
Pro
Jun 6, 2024
7,816 Posts
Joined Oct 2004
Jun 6, 2024
VarmintCong
Pro
Jun 6, 2024
7,816 Posts
Quote from MellowPen966 :
I just paid $640 tax and title and shipping for 20 1 oz. rounds from Monument Metals. Yes, they weren't Eagles, but the silver content is the same.
This is typical, silver rounds have a smaller premium than mint coins especially Eagles (due to low production from the US mint).

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Jun 6, 2024
1 Posts
Joined Apr 2019
Jun 6, 2024
Daniel1952
Jun 6, 2024
1 Posts
Quote from usernamistaken :
It's overpriced and due for its correction back down to reality, buying now just locks in your losses. same with gold. if it were inflation driven you'd see other currencies making gains, but USD continues stronger than most others, especially notable with the USD vs JPY. A lot of people are still buying, but look at what happened after each breakout/ATH peak. I guess enjoy holding your $720 20oz when it's worth $400 again.
If you look at a historical 20 year chart, gold is out performing the dow Jones and sp500. The 20 years represent all the easy money from the dotcom, housing, and this bubble.

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