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expired Posted by nikscraze88 • Sep 4, 2024
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expired Posted by nikscraze88 • Sep 4, 2024

2024 1 oz American Eagle Silver Coin, 20-count - $639.99 @ Costco.com

$640

Costco Wholesale
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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


https://www.costco.com/2024-1-oz-...40592.html
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Community Notes
About the Poster
For costco members

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


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

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9 Comments

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Pro
Sep 4, 2024
2,745 Posts
Joined Oct 2020
Sep 4, 2024
Honest-IJM
Pro
Sep 4, 2024
2,745 Posts
Nice, about $4 over spot currently, before CC cashback or member rewards.
Sep 4, 2024
4,687 Posts
Joined Dec 2005
Sep 4, 2024
mrmochi
Sep 4, 2024
4,687 Posts

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

Quote from Honest-IJM :
Nice, about $4 over spot currently, before CC cashback or member rewards.
I feel like Eagles are the worst to sell back. Sure any LCS will buy eagles in a heartbeat, but the differential between that and maples or buffalo pamp silvers seems like you'd lose less money vs the Eagles.
1
Sep 4, 2024
134 Posts
Joined Jan 2013
Sep 4, 2024
hg18in
Sep 4, 2024
134 Posts
Do someone know if these are individually wrapped coins in big tube or just loose coins in this big tube?
Pro
Sep 4, 2024
332 Posts
Joined Nov 2017
Sep 4, 2024
Joewalnut
Pro
Sep 4, 2024
332 Posts
Quote from hg18in :
Do someone know if these are individually wrapped coins in big tube or just loose coins in this big tube?
Loose coins in a tube with a small piece of packing at one end.
Sep 4, 2024
7,829 Posts
Joined Oct 2004
Sep 4, 2024
VarmintCong
Sep 4, 2024
7,829 Posts
Quote from hg18in :
Do someone know if these are individually wrapped coins in big tube or just loose coins in this big tube?
It's in the tube it comes in from the mint. Definitely not individually wrapped.
Pro
Sep 5, 2024
521 Posts
Joined Dec 2007
Sep 5, 2024
vtmon
Pro
Sep 5, 2024
521 Posts

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

Silver coins are horrible investments. I bought some American Silver Eagles from Costco about six months ago at around $29/coin. However, even though silver spot prices have gone up 15-20%, I can only sell them for $28-$29.10 per coin depending where I sell them. I would have been better off getting a guaranteed 5% return by buying t-bills.
1
Sep 5, 2024
42 Posts
Joined Jul 2009
Sep 5, 2024
labrat321
Sep 5, 2024
42 Posts
There isn't supposed to be sales taxes on coins in my state, but yet if I try to order Costco adds tax. Contacted them and they said I would have to fill out a form and send to them to get taxes refunded. A lot of hassle for something that shouldn't be necessary.

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Sep 5, 2024
144 Posts
Joined Dec 2008
Sep 5, 2024
dixiejoe88
Sep 5, 2024
144 Posts
Quote from vtmon :
Silver coins are horrible investments. I bought some American Silver Eagles from Costco about six months ago at around $29/coin. However, even though silver spot prices have gone up 15-20%, I can only sell them for $28-$29.10 per coin depending where I sell them. I would have been better off getting a guaranteed 5% return by buying t-bills.
The only reason to hold physical gold / silver is in case of absolute societal collapse (a legit reason IMO). Otherwise just buy into an etf (like $gld) and avoid tax on purchase price, don't have to hold, completely liquid. Sure, you pay a slight mgmt fee but the pros outweigh the cons. my gld holdings are up 24% in the last year, and that's all realized gains the second I sell.
Pro
Sep 6, 2024
2,204 Posts
Joined Jan 2024
Sep 6, 2024
WolfTheCat
Pro
Sep 6, 2024
2,204 Posts
Quote from dixiejoe88 :
The only reason to hold physical gold / silver is in case of absolute societal collapse (a legit reason IMO). Otherwise just buy into an etf (like $gld) and avoid tax on purchase price, don't have to hold, completely liquid. Sure, you pay a slight mgmt fee but the pros outweigh the cons. my gld holdings are up 24% in the last year, and that's all realized gains the second I sell.
If you have a place to safely store your gold free, physical will outperform the ETFs over the medium to long term. Those fees will eventually be more than the spread between the Costco price and what you can sell them for.

ETFs win if you have to cough up for storage/insurance, if you are doing short-term trading, or need to put the money in an IRA or other tax-advantaged account (which is a pain with physical).

Another (albeit illegal) advantage of physical is tax evasion. Bullion buyers don't have to file a 1099 on you unless they purchase over $10k from you. Again, that is illegal, and I don't do it, but it's an attraction for some.
Last edited by WolfTheCat September 6, 2024 at 04:59 AM.
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