Gold is not the only precious metal that Costco sells. Its offerings are much more extensive, including items from Swiss and South African refineries. However, the high demand for these items and the unique nature of Costco.com’s listings make it challenging to find specific details without knowing exactly what you’re looking for. Members must log in on the website to access prices for in-stock, members-only items.
Collectors have found a workaround by tracking a dozen or so other gold and silver products that Costco sells and sharing information on a subreddit. Prices for these items range from a few hundred dollars for a tube of silver coins to over $7,500 for 100-gram bars of 24-karat gold. This wide range of price points makes these items appealing to both seasoned and new investors.
While Costco typically sells gold bars at a minimal markup from the market’s spot price, coins from the US Mint and Canadian Mint have a slightly higher premium due to their popularity with collectors. Items such as one-ounce gold American Eagle and American Buffalo coins were available for $2,399 each, while a 20-pack of one-ounce silver US Eagle coins cost $689. Despite not making significant profits from its gold business, Costco continues to offer these items due to their exclusivity and the revenue they generate through Costco.com, showcasing strong e-commerce growth and attracting new members while keeping existing members satisfied with exclusive products.
In conclusion, while Costco is well known for selling gold bars, its precious metals offering is much wider than just that. Collectors have found ways to track other gold and silver products that Costco sells by sharing information on subreddits. Prices for these items range widely, making them appealing to both seasoned and new investors alike. Despite not making significant profits from its gold business, Costco continues to offer exclusive products through its e-commerce platform while attracting new members with strong growth potential.
