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expiredchemman14 posted Jun 4, 2024 4:40 PM

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

$800

Costco Wholesale
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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 4, 2024 4:41 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Jun 4, 2024 4:41 PM
1.5K Comments

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 5, 2024 2:46 PM
11.1K Comments
Joined Sep 2014
ash78Jun 5, 2024 2:46 PM
11.1K Comments
Properly Di-stamped
Jun 5, 2024 2:56 PM
1K Comments
Joined Nov 2005
thegoob143Jun 5, 2024 2:56 PM
1K Comments
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 5, 2024 3:15 PM
1.5K Comments
Joined Dec 2018
chemman14
Original Poster
Jun 5, 2024 3:15 PM
1.5K Comments
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 5, 2024 3:16 PM
1.7K Comments
Joined Jan 2013
Curb71Jun 5, 2024 3:16 PM
1.7K Comments
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 5, 2024 3:21 PM
24 Comments
Joined Nov 2018
EagerDeer423Jun 5, 2024 3:21 PM
24 Comments
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 5, 2024 3:22 PM
6 Comments
Joined Oct 2013
DealsStealzPlzJun 5, 2024 3:22 PM
6 Comments
Why the Canadian coin cost $100 more than the US minted silver coin?
2

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Jun 5, 2024 3:23 PM
454 Comments
Joined Nov 2014
SamW5482Jun 5, 2024 3:23 PM
454 Comments
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
2
Jun 5, 2024 3:32 PM
24 Comments
Joined Nov 2018
EagerDeer423Jun 5, 2024 3:32 PM
24 Comments

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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 5, 2024 3:48 PM
956 Comments
Joined Jan 2011
richardmmoralesJun 5, 2024 3:48 PM
956 Comments

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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 5, 2024 4:04 PM
361 Comments
Joined Aug 2015
Jaffacake007Jun 5, 2024 4:04 PM
361 Comments
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 5, 2024 4:26 PM
1.1K Comments
Joined Nov 2020
DoctorAwesomeJun 5, 2024 4:26 PM
1.1K Comments
Dumb question - why do the Maple Leaf coins seemingly cost more than the Eagles (or other non-Maple Leaf) coins?
3
Jun 5, 2024 4:28 PM
13 Comments
Joined Sep 2014
rafaelreyesjr332Jun 5, 2024 4:28 PM
13 Comments
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 5, 2024 4:48 PM
16 Comments
Joined Mar 2010
neppircJun 5, 2024 4:48 PM
16 Comments
Wondering why it is showing tax in CA for 2 count?

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Jun 5, 2024 5:25 PM
32 Comments
Joined Feb 2016
sdsteveoJun 5, 2024 5:25 PM
32 Comments
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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