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expiredchemman14 posted Jun 04, 2024 04:40 PM
expiredchemman14 posted Jun 04, 2024 04:40 PM

Costco Members: 2024 1 oz Canada Maple Leaf Silver Coin, 25-count $799.99

$800

Costco Wholesale
27 Comments 9,685 Views
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Deal Details
Features:
99.99% Pure Silver
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
Item may be available in your local warehouse for a lower, non-delivered price.


Coin Highlights:
1 troy ounce of 99.99% pure silver
Bullion DNA™ Anti-Counterfeiting Technology, exclusive to the Royal Canadian Mint
Brilliant uncirculated finish
Packaged in a specially labeled tube holding 25 Coins per tube
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1814000.html
Product Info
Community Notes
About the Poster
Deal Details
Product Info
Community Notes
About the Poster
Features:
99.99% Pure Silver
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
Item may be available in your local warehouse for a lower, non-delivered price.


Coin Highlights:
1 troy ounce of 99.99% pure silver
Bullion DNA™ Anti-Counterfeiting Technology, exclusive to the Royal Canadian Mint
Brilliant uncirculated finish
Packaged in a specially labeled tube holding 25 Coins per tube
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1814000.html

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27 Comments

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Original Poster
Jun 04, 2024 04:41 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Jun 04, 2024 04:41 PM
1,502 Posts

Our community has rated this post as helpful. If you agree, why not thank chemman14

$2.60/oz premium before any cash back as of this comment.
1
2
Jun 05, 2024 02:46 PM
10,766 Posts
Joined Sep 2014
ash78Jun 05, 2024 02:46 PM
10,766 Posts
Properly Di-stamped
Jun 05, 2024 02:56 PM
916 Posts
Joined Nov 2005
thegoob143Jun 05, 2024 02:56 PM
916 Posts
I'll ask again, what are people doing with these?

Hypothetically silver goes up, where do you sell it? Pawn shop won't give value, any other ideas??
2
Original Poster
Jun 05, 2024 03:15 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Jun 05, 2024 03:15 PM
1,502 Posts
Quote from thegoob143 :
I'll ask again, what are people doing with these?

Hypothetically silver goes up, where do you sell it? Pawn shop won't give value, any other ideas??
Yes
2
2
Jun 05, 2024 03:16 PM
1,642 Posts
Joined Jan 2013
Curb71Jun 05, 2024 03:16 PM
1,642 Posts
Quote from thegoob143 :
I'll ask again, what are people doing with these?

Hypothetically silver goes up, where do you sell it? Pawn shop won't give value, any other ideas??
Google "coin shop near me"
1
Jun 05, 2024 03:21 PM
21 Posts
Joined Nov 2018
EagerDeer423Jun 05, 2024 03:21 PM
21 Posts
Quote from thegoob143 :
I'll ask again, what are people doing with these?

Hypothetically silver goes up, where do you sell it? Pawn shop won't give value, any other ideas??
If you have the Costco credit card and executive membership, I believe you can effectively get these for ~$1 over spot, or around $30.72/oz. If silver goes up to $40 spot in 2025 and your local gold and silver shop will give you $36/oz then you're in the green. Someone correct me if I'm wrong.
1
Jun 05, 2024 03:22 PM
6 Posts
Joined Oct 2013
DealsStealzPlzJun 05, 2024 03:22 PM
6 Posts
Why the Canadian coin cost $100 more than the US minted silver coin?
2

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Jun 05, 2024 03:23 PM
452 Posts
Joined Nov 2014
SamW5482Jun 05, 2024 03:23 PM
452 Posts
Can someone enlighten me? How is this a deal? Current silver value for ounce is 29.87 so multiply by 25 which gives us $746.75....while this post value is $799..considering 2 % cash back it's going to be $783 which is still greater than todays market price
1
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Jun 05, 2024 03:32 PM
21 Posts
Joined Nov 2018
EagerDeer423Jun 05, 2024 03:32 PM
21 Posts

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Quote from SamW5482 :
Can someone enlighten me? How is this a deal? Current silver value for ounce is 29.87 so multiply by 25 which gives us $746.75....while this post value is $799..considering 2 % cash back it's going to be $783 which is still greater than todays market price
If you can find a way to buy precious metals at spot, please let us know. There is almost always a markup so the sellers have a way to make money. The only exception I've seen was a promotion on JM Bullion to make your first purchase with them at spot. Similarly, when you go to a gas station, you don't buy gasoline at the barrel price. There is a markup.
1
Jun 05, 2024 03:48 PM
939 Posts
Joined Jan 2011
richardmmoralesJun 05, 2024 03:48 PM
939 Posts

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Quote from DealsStealzPlz :
Why the Canadian coin cost $100 more than the US minted silver coin?
It doesn't.
The U.S. Silver Eagle is 20 coins or $35 a coin.
This is 25 coins or $32 a coin. So this is actually cheaper per coin.
1
Jun 05, 2024 04:04 PM
352 Posts
Joined Aug 2015
Jaffacake007Jun 05, 2024 04:04 PM
352 Posts
Quote from thegoob143 :
I'll ask again, what are people doing with these?

Hypothetically silver goes up, where do you sell it? Pawn shop won't give value, any other ideas??
Have you heard of Smaug? That's the dream.
1
Jun 05, 2024 04:26 PM
917 Posts
Joined Nov 2020
DoctorAwesomeJun 05, 2024 04:26 PM
917 Posts
Dumb question - why do the Maple Leaf coins seemingly cost more than the Eagles (or other non-Maple Leaf) coins?
3
Jun 05, 2024 04:28 PM
13 Posts
Joined Sep 2014
rafaelreyesjr332Jun 05, 2024 04:28 PM
13 Posts
Quote from SamW5482 :
Can someone enlighten me? How is this a deal? Current silver value for ounce is 29.87 so multiply by 25 which gives us $746.75....while this post value is $799..considering 2 % cash back it's going to be $783 which is still greater than todays market price
The spot price you are quoting is the value of one ounce of raw silver. Because there is a cost of labor to take silver and make a bullion piece such as this, there is a premium added to the silver price. This is why you can't you can't buy one or 25 of these coins at $29.87/oz. This is the same reason you can't go to a jeweler and buy a one ouce piece of jewelry at the underlying metal's spot price (plus they need profit). This is a deal because the premium is lower than many other online dealers.
Jun 05, 2024 04:48 PM
16 Posts
Joined Mar 2010
neppircJun 05, 2024 04:48 PM
16 Posts
Wondering why it is showing tax in CA for 2 count?

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Jun 05, 2024 05:25 PM
32 Posts
Joined Feb 2016
sdsteveoJun 05, 2024 05:25 PM
32 Posts
Quote from neppirc :
Wondering why it is showing tax in CA for 2 count?
Under $2000 threshold to avoid paying sales tax

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