While recent news that Costco is selling precious metals has been making the rounds, some users on social media are coming to the realization that precious metals are also available for sale on Walmart.com.
Precious metal have been available through the Walmart Marketplace since early 2023. The products purchased through the Walmart Marketplace are offered for sale and fulfilled by well known bullion dealers, including APMEX (Seller Page) and Bullion Exchanges (Seller Page).
While this helps to make precious metals more accessible to more people, consumers should be wary about purchasing their precious metals through Walmart as the premiums are often higher than buying direct from the dealer, even taking into account the higher premiums that come with using a credit or debit card for purchase.
Similar to other marketplace platforms like eBay and Amazon, third-party sellers on the Walmart Marketplace pay fees for their product listings to be available. The fees vary depending on the category and the fees are passed along to buyers with the increase in prices.
The Walmart Marketplace is part of the Walmart website that allow third-party sellers to list their products alongside the retailers traditional offerings.
Various product listing on FindBullionPrices.com show prices for precious metals from Walmart.com alongside other traditional bullion dealer prices.
A quick comparison of tubes of 2023 Silver Eagles (20 coins) shows that the lowest price dealer is Bullion Exchanges with a $4.26 per coin premium over silver spot price. The price for Walmart, which is sold and shipped by Bullion Exchanges has a per coin premium of $4.44 per coin. While the same product via the eBay platform is sold with a per coin premium of $4.55.
