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Flipping Costco Gold Coins for Profit

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In some areas, it has become profitable to flip the 1 oz Gold Coins for a tidy profit. Depending on inventory levels, many local coin shops will pay a premium above the melt value for current year gold coins that are kept in their original Mint State condition.

Some investors are buying gold coins from Costco below melt value when factoring in the rewards. The premium on Costco’s gold coins appears to average around 2.5%. Once receiving them, they bring them to their local coin stores to sell back. If your local coin store will pay 3% above melt, then without factoring in other rewards, its possible to make a quick .5% profit.

Costco Executive members earn 2% cash back, up to $1,000 annually. This is essentially an annual rebate that must be spent on other products in the warehouse. When factoring in other credit card rewards, the potential profit from these transactions can increase by a few percentage points quickly.

The Costco Citibank card, for example, offers 2% rewards for all purchases at Costco and it is possible for those rewards to be deposited as cash into your bank account. Though you may have a better deal with the cards in your wallet.

The practice of flipping gold coins for profit as a side hustle has been around for a long time. Some investors hold onto coins for the arbitrage when the price of gold increases. Other investors look for opportunities to flip coins for a profit.

The profitability can vary depending on which part of the country you’re in and the number of gold investors in your local coin shop’s customer list.

Many investors find great deals on eBay, particularly for historic and vintage gold coins. This includes US Mint Pre-1933 gold coins and circulated gold coins from Europe, such as 20 francs and British Sovereigns. There are many trusted and reputable bullion dealers that use eBay as a sales platform to liquidate excess inventory, such as APMEX, Liberty Coins, Aydin Coins and Pinehurst Coins.

Having a good relationship with the folks at your local coin store is important. They have the best understanding of which coins collectors and investors in the local area have the most interest in, as well as a customer list of willing buyers.

They can also give you an idea of the prices they would be willing to pay, particularly for coins that are graded and encapsulated by reputable third-party grading services like NGC, PCGS and ANACS.

Graded Gold Coins are generally the most liquid and easiest to sell, as they provide verification of the authenticity as well as the condition.

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Costco Selling $100 to $200 million of gold per month, Wells Fargo

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In a letter to investors, an analyst from Wells Fargo estimates that Costco may be selling up to $200 million in gold each month.

Based on recent spot price averages, that would mean the brick & mortar retailer may be shipping up to 85,000 troy ounces of gold each month, the equivalent to around 2,400 kilos of gold.

Earlier in the year, Costco stated that gold sales contributed around $100 million in revenue in the final quarter of last year when they first began the offerings.

Since then, Costco has been making regular offerings of gold coins from both the US Mint and Royal Canadian Mint, such as the 1 oz Gold Buffalo and 1 oz Gold Maple Leaf coins.

The offerings have also included various denominations of gold bars from PAMP Suisse and RAND Refinery. In addition to the 1 oz Lady Fortuna gold bars, there have been sales of the PAMP Multigram+25 gold bars as well as larger sizes such as 50 gram and 100 gram gold bars.

The premiums that Costco charges seem to be roughly 2-3% over spot, which is a great deal for current year coins. From online bullion dealers, the premiums for current year gold coins are typically around 4.5% at the low end, while secondary market coins will usually be in the 2-3% range.

Costco offers their Executive members a 2% reward, which allows these members to buy gold coins below spot price. When shopping online for these deals, the best practice is to use a credit card that offers additional rewards in the form of cash back. The industry average credit card rewards adds an additional 2%, which some offer more.

The spot gold prices have been hitting record all time highs in recent weeks, overall gold is up around 13% YTD. Industry analysts suggest that the mass buying by the central banks of BRICS countries, along with persistently high inflation in the US, and record high government debt are major contributing causes to the surge.

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Tangible Assets: Vintage Gold Coins

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As tangible assets, vintage gold coins can diversify an investment portfolio, reducing risk by spreading exposure across different asset types. Many investment advisors recommend precious metals as a safe haven since prices remain relatively stable to the dollar to offset the volatility that can come in the stock market. Tangible assets are an alternative investments that can diversify an existing investment portfolio and provide protection against inflation.

Gold coins can bring unique diversity to an existing investment portfolio, while expanding on an interest in numismatics or history. Beyond potential financial gains, the process of collecting, studying, and preserving historical coins can morph into a numismatic hobby.

Prior to the Great Depression, gold coins were the normal and natural form of money and in common circulation throughout the world. While the government recalled millions and melted them down, millions more were saved from the smelters due to limited personal ownership exemptions in the law, along with exemptions for coins having numismatic value.

During the era of the gold standard, gold coins were the preferred and accepted method of trade and commerce. In recent years, many well preserved Pre-1933 US Mint gold coins have been discovered in historic “hoards” from European vaults, such as the well known Rive d’Or Collection, discovered in a bank in Paris and released in 2008.

Coins having historical significance often appreciate in value, especially those in good condition, with rare mint marks, from limited mintages, those connected with special collections and other particulars. Owning some of these tangible assets can bring personal satisfaction and a sense of connection to the past, in addition to the intrinsic value of the gold.

There are known counterfeits that circulate in the market from time to time, most often from shady sellers. These are easily discovered due to the widespread industry use XRF along with the more affordable devices like the Precious Metals Verifier from Sigma. These devices have become an indispensable tool for local coin shops, pawn shops, “we buy gold” stores, jewelry stores.

As a way to reduce risk, many investors choose third-party graded gold coins from companies such as NGC and PCGS. Coins that have been graded and encapsulated by these types of services have been verified as authentic. Based on an expert analysis, a grade and unique serial number are assigned to each coin during the review process, which can later be used to verify authenticity.

In addition to the Sigma, there are a variety of other devices that assist hobbyists, numismatists and investors to verify authentic products and reduce risk.

US Mint Pre-1933 Gold Coins

American gold coins from the early 20th century and later 19th century are a favorite for many collectors, due to the connection to our history. While these coins have been held by collectors and investors for nearly 100 years, they are among the mot widely recognized throughout the world.

1927 St Gaudens Double Eagle Gold Coin

Pre-1933 gold coins from the US Mint were minted to standards defined by the Coinage Act of 1792. The Act defined and described three distinct denominations.

  • $10 Eagles – Defined with 247 4/8 grains of pure gold or 270 grains of standard gold. The accepted
    standard for coin gold during the era was 90% purity, or .900 fineness. This accounted for a significant amount of gold, while being alloyed with a small amount of more durable metals like copper for added strength for circulations. Each $10 gold eagle coin is minted with 0.4838 troy ounces of gold.
  • $5 Half Eagles – Defined with 123 6/8 grains of pure gold or 135 grains of standard gold. Each $5 gold eagle coin is minted with 0.2419 troy ounces of gold.
  • $2.50 Quarter Eagles – Defined with 61 7/8 grains of pure gold or 67 4/8 grains of standard gold. Each $2.50 Quarter Eagle gold coin is minted with 0.121 troy ounces of gold.

The California Gold Rush created a huge increase in the inflow of gold flowing into the U.S. Treasury, creating the need for a new denominations to handle the influx. The Coinage Act of 1849 authorized the production of the $20 Double Eagle, which was the largest denomination for a regular issue U.S. gold coin at the time. The Act also established the specifications for the $1 gold coin.

The Liberty Head double eagle or Coronet double eagle was introduced as a pattern coin by the US Mint in 1849 and entered production in 1850. Each $20 Double Eagle Gold Coin is minted with 0.9675 troy ounce of gold. The Double Eagle had an overall weight of 33.436 grams and was made from 90% gold and 10% copper alloy, maintaining the standard for U.S. gold coins.

Throughout its mintage history from 1850 until 1933, more $20 Double Eagle Gold Coins were issued than all of the other denomination. Today, these coins are highly sought after by both investors and collectors, particularly those that are third-party graded and in mint state condition.

Mexican Gold Pesos

The 50 Pesos Gold Coin, or Centenario was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain. It is not only a form of currency but also a significant symbol of Mexican pride and heritage.

The coin features the iconic image of the “Winged Victory” (El Ángel de la Independencia) on the obverse, holding a laurel wreath and a broken chain, symbolizing freedom and victory.

The reverse displays the national coat of arms of Mexico, with an eagle holding a serpent in its beak and talon, perched on a prickly pear cactus.

The Centenario contains 37.5 grams (1.2057 troy ounces) of pure gold.

The gold peso coins are available in various denominations, including 50, 20, 10, 5, 2.5, and 2 pesos, each containing a proportionate weight of gold. These coins are both legal tender and investment pieces.

Mexican gold peso coins are valued for their gold content as well as their numismatic value. Collectors and investors seek them out for their historical significance and beautiful design in addition to the gold content.

British Gold Sovereigns

The British sovereign gold coin has a storied history, dating back to its first introduction in 1489 during the reign of King Henry VII.

The modern version of the sovereign, as we know it today, was first minted in 1817 under King George III as part of a major coinage reform following the end of the Napoleonic Wars, with the aim to standardize Britain’s currency and improve the quality of the nation’s circulating gold coinage.

Today, the British sovereign gold coin is primarily a bullion coin for investors and collectors, valued for its historical significance, artistic design, and gold content. While it is no longer used as circulating currency, the sovereign remains a symbol of Britain’s rich numismatic heritage and is considered one of the most prestigious gold coins in the world.

With dozens of unique variations, mint marks and other details, sovereign gold coins have a well established numismatic history, a variety of interesting design variations and are widely recognized throughout the world. The British sovereign gold coin has a rich history as a medium of international trade, a store of wealth, and a symbol of stability and reliability.

Its extensive minting history and role in the gold standard era have cemented its status as a key piece in the world of numismatics and precious metal investment. As an investment, sovereigns are a naturally fractional gold coin are a popular choice among gold buyers that are looking for one of the lowest premium investment coins in the market.

20 Francs Gold Coins

The 20 francs gold coin, often known as the “Napoleon,” is one of Europe’s most famous and widely circulated gold coins with a history that extends back to the early 19th century. The coin was part of a monetary reform that began during the reign of Napoleon Bonaparte that aimed to stabilize the French currency after the turmoil of the French Revolution.

The 20 francs gold coin was designed to be a stable and reliable unit of currency that could facilitate trade and store value. Each coin contains approximately 0.1867 troy ounces (or 5.8 grams) of gold, providing a tangible and valuable asset that has historically been a reliable store of wealth. Its circulation was not limited to France; eventually becoming the standard coin across Latin Europe, playing a crucial role in international trade.

After the creation of the Latin Monetary Union in 1865, the specifications for the 20 francs gold coin became a standard that member countries adopted, leading to the production of similar coins in Belgium, Switzerland, Italy, and other nations, which made it a trustworthy and convenient medium of exchange and investment.

It is difficult to measure the number of gold coins that were minted by LMU member countries due to the extensive period of production and the number of countries that adopted the standard. However, it is clear that millions of these coins were produced over the decades to meet the needs of trade, investment, and currency stability in Europe.

Today, the 20 francs gold coin is primarily sought after as a bullion coin and a collector’s item. It is also popular among numismatists for its historical significance, artistry, and gold content. While no longer in active circulation as currency, the 20 francs gold coin remains a popular choice for those interested in gold investment and European monetary history.

As the value of paper fiat currencies continues to drop, gold coins can help protect wealth against inflation. The relatively small size of the 20 Francs gold coin makes it easy to store, transport, and trade. They are generally highly liquid assets, meaning they can be easily converted into cash when needed.

Austrian Ducat and Corona Gold Coins

The Gold Ducat originated in the Republic of Venice in the 13th century, while the Gold 100 Corona was first minted in Austria-Hungary in the 19th century. The Austria Corona was primarily used as a trade and circulation coin. It was intended to facilitate large transactions and store value in a stable and internationally recognized form. The coin played a significant role in the economic system of Austria-Hungary, serving both domestic and international trade needs.

1914 Austria 4 Ducat Gold Coin

Various denominations of Corona Gold Coins were issued throughout the long period of production until the dissolution of Austria-Hungary in 1918 following the outbreak of World War I. It is known that these coins were produced in large quantities to support the economic and financial needs of the empire.

The Ducat is another famous gold coin from Austria, which originated in the Republic of Venice in the 13th century. Ducats were widely used across Europe as trade coins beginning from the medieval period onward. The Austrian Ducat, particularly the 4 Ducat gold coin, was known for its high purity (.986 fine gold) and was minted for trade and investment purposes.

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HSBC Launches Gold Token, Chinese Investors Turning to Gold Beans, SWIFT Planning CBDC Rollout

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HSBC has launched a gold token for retail investors in Hong Kong. The token is backed by physical gold held in the bank’s London vault and is powered by distributed ledger technology. This allows for efficient and cost-effective tracking of allocated and unallocated gold holdings. The token is equivalent to 0.001 troy ounce of gold, enabling fractionalization of gold bars and direct investment by retail investors. Coindesk has further details.

China’s Gen Z Prefers to Buy Gold Beans

In recent years, young Chinese investors, particularly those from Generation Z, have shown a growing interest in purchasing gold “beans” as a form of investment. These gold beans are small, pill-sized gold products weighing around one gram and priced between 450 to 600 yuan. Each gold bean is a little larger than the casting grain utilized by jewelers. The trend has been driven by economic instability and as a way to preserve wealth in a tangible form.

Gold beans have become popular among young Chinese investors due to their affordability and the belief that gold is a safe and low-risk investment option. This trend is reflected in the surge of gold sales in China, which reached a six-year high in December 2023. Buying one or two grams per gold per week is a good way to store tangible wealth.

SWIFT Plans CBDC Roll Out in the Next Two Years

SWIFT is collaborating with Capgemini to conduct new experiments to test how they can interlink domestic CBDCs and take the next step towards seamless cross-border payments involving digital currencies. This time they are testing how SWIFT can interlink the multiple domestic-based CBDC networks emerging worldwide to make cross-border payments with CBDCs more seamless and frictionless.

This important step forward builds on the core capabilities of the SWIFT banking network and means that as CBDCs and tokens develop, they can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world. SWIFT is trying to catch up to the efforts by BRICS countries in facilitating local currency transactions along with a return to a gold standard. TechReport.com has more details.

Recent Additions to Gold Coin Price Tracking

FindBullionPrices.com already tracks the prices of dozens of 1 oz gold coins from many trusted and reputable precious metals dealers. Additional coins have been added in recent weeks, providing additional options for investors looking for the lowest premium gold coins.

2024 1 oz Beowulf and Grendel Gold Coin

From the Royal Mint, the 2024 1 oz Beowulf and Grendel Gold Coin is part of a new series which celebrates the great battles from the poem Beowulf. Beowulf, believed to have been originally written in the 8th century is considered the highest achievement of Old English literature.

The series starts Beowulf’s heroic first tale, the battle against the swamp monster Grendel. The reverse shows the Beowulf in a defensive position with his spear at the ready, while Grendel towers above. Inscriptions are included for the year, weight, .9999 fine gold purity. The obverse of each 1 oz gold coin from the Royal Mint contains an obverse portrait of King Charles and this one is no exception and includes the face value.

2024 Britannia and Liberty 1 oz Gold Coin

The 2024 Britannia and Liberty 1 oz Gold Coin is the first issue of a new collaboration between artists and sculptures from both the Royal Mint and the US Mint. The teams worked together on the reverse design, which combines the portraits of Britannia and Lady Liberty into a single design.

Right side up, the coin shows Britannia wearing her helmet and carrying a trident in her hand. The 180 degree flip shows a modernized interpretation of lady liberty holding the flaming torch.

The Royal Mint is a government-owned mint that produces coins for the United Kingdom. It is responsible for manufacturing and distributing coins for the UK, as well as producing and selling commemorative coins and medals.

The Royal Tudor Beasts collection is continued with the 2024 Seymour Unicorn 1 oz Gold Coin. The reverse features the Seymour Unicorn, which represents the strength and purity of the union between Henry VIII and Jane Seymour. A distinct surface animation background is incorporated into the chain mail surface texture providing adding an additional point of anti-counterfeiting security.

There are many 1 oz gold coins from the Royal Mint that are highly sought after by collectors and investors because they are known for producing a wide range that includes intricate and beautiful designs, while also employing advanced security features to prevent counterfeiting and ensure authenticity.

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How do the prices of Costco Silver and Gold Coins and Bars Compare to Online Bullion Dealers?

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In a move that caters to the growing interest among consumers, Costco has broadened its selection of precious metals, introducing an array of new coins and bars to cater to the growing interest in tangible assets. The addition includes a variety of gold and silver coins and bars from renowned mints around the world, making it easier for members to diversify their investment portfolios.

The new lineup features investment-grade bullion coins such as the American Gold Eagle, Canadian Maple Leaf, along with various sizes of gold bars from PAMP Suisse and the RAND Refinery. These offerings are tailored to both seasoned investors and those new to precious metals, providing competitive pricing that aligns with Costco’s commitment to value.

Costco is able to leverage its membership model to offer competitive pricing on precious metals, while providing members with Cash Back rewards that can be accrued alongside credit card rewards. This combination is helping to undercut traditional coin dealers or precious metals retailers.

The coin offerings have included both gold and silver coins from the US Mint and the Royal Canadian Mint. This move by Costco follows a broader trend that reflects a mainstream acceptance and interest in precious metals as both an investment and long term store of value.

US Mint

The US Mint began minting bullion coins for investors in 1986 after the passage of the Liberty Coin Act. Along with the Gold Bullion Coin Act of 1985, these two laws require the U.S. Mint to produce and sell the American Gold Eagle and the American Silver Eagle in both bullion and proof finishes in sufficient quantities to meet demand from investors and collectors.

The coins are issued as a vehicle to provide consumers with a trusted tangible asset. At the time of the introduction, the economy was in recovery from a recession that was triggered by increases in oil prices by OPEC starting around 1979 and dragged on until 1982. In the first two years of minting, more than 16,835,340 Silver Eagle coins were sold.

US Mint Gold Coins

The most popular gold coins from the U.S. Mint are the American Gold Eagle and the American Gold Buffalo. These coins are significant to investors for their gold content, legal tender status, historical and aesthetic appeal. Both coins are backed by the U.S. government, ensuring their gold content and purity.

They are both highly recognized and traded worldwide, providing liquidity to investors looking for a tangible asset.

2024 1 oz American Buffalo Gold Coin

2024 1 oz American Buffalo Gold Coin

The American Gold Buffalo was first issued in 2006 as the U.S. Mint’s answer to pure gold bullion coins like the Canadian Gold Maple Leaf. It is the first 24-karat gold coin from the U.S. Mint.

It features the classic design of the Indian Head nickel or Buffalo nickel, with an image of a Native American on the obverse and an American buffalo on the reverse, both designed by James Earle Fraser.

The Gold Buffalo is 99.99% gold (24 karats), and has a face value of $50 and is also recognized as U.S. legal tender.

One of the most recent times that the Gold Buffalo was in stock, it was priced at $2099.99. At the time, the gold spot price was trading around $2049, indicating only a $50 markup or roughly 2.5% dealer premium. Normal dealer premiums typically range from around 4% to 10% above the spot gold price. While the Costco price beats out the national bullion dealers, the gold coins have typically sold out within an hour or two as experienced investors pounce on these deals.

Costco Product Page: Item #1799474

2024 1 oz American Gold Eagle Coin

2024 1 oz American Gold Eagle Coin

Introduced in 1986, the American Gold Eagle is available from bullion dealers in four sizes: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. However, only the 1 oz Gold Eagle is available from Costco, making this offer limited to investors with a larger budget.

The US Mint provides investors with fractional gold coins that allow for investors having more modest budgets to invest in a long-term store of value and wealth. This variety allows investors to choose based on their budget and investment strategy.

Costco offered the 1 oz Gold Eagle in late February with a price of $2,089.99 with each member limited to just two coins. That day, the spot gold price closed at $2,036.00 per ounce, a dealer premium of $53.99 per ounce or slightly higher than 2.5%.

Typical dealer premiums on current year gold eagles range from as low as 3.5% to around 8%. When Costco Gold Eagles are available for purchase, they are typically sold out within an hour or two. The addition of the Membership Rewards for their Executive Members offers an additional 2% cash back that can later be used on future Costco purchases, including precious metals.

Costco Product Page: Item #1804545

US Mint American Eagle Silver Coins

2024 1 oz American Silver Eagle Tube of 20 Coins

The American Silver Eagle is a one-ounce silver bullion coin issued annually by the United States Mint since 1986. A standard mint tube of Silver Eagle coins usually contains 20 coins. Each coin is one troy ounce of .999 fine silver. The coins are packed tightly in a tube to prevent movement and reduce the risk of scratching or damage during shipping.

Tubes of Silver Eagle coins are made available for sale periodically. The availability of Silver Eagle coins from Costco is limited and the pricing is typically similar to other online bullion dealers. It’s important to compare prices of Tubes of Silver Eagle Coins before making a purchase.

Costco Product Page: Item #1789494

2023 1 oz American Silver Eagle Tube of 20 Coins

Costco Product Page: Item #1799373

Royal Canadian Mint

Founded in 1908, the Royal Canadian Mint has established a global reputation for its innovative coin designs, high-quality craftsmanship, and advanced security features

The RCM is a prestigious institution, producing high-quality, pure gold and silver coins, with the Canadian Gold and Silver Maple Leafs being their flagship products. These coins are widely recognized in international markets and are considered to be a highly liquid investment.

Canadian Maple Leaf Silver Coins

2024 1 oz Canadian Maple Leaf Silver Coin Tube of 25 Coins

Maple Leaf silver coins are our Northern neighbors’ equivalent to the Silver Eagle and are suitable as an investment or store of value. The key advantages that Maple Leaf silver coins have over the Silver Eagle are:

  • .9999 Purity – The Silver Maple Leaf boasts a .9999 fine silver purity. While some investors prefer the four-nines purity, the extra nine does not add any extra value in today’s market.
  • Design and Recognition – The 2024 issue carries the King Charles’ profile on the obverse, while the iconic sugar maple leaf design is featured on the reverse. This classic reverse design has been minted annually since 1988 and is recognized and respected worldwide, ensuring the coin’s liquidity and marketability.
  • Anti-Counterfeiting and Security Measures – The Royal Canadian Mint began incorporating advanced security measures into the design of the coins in 2014, providing visual ways for investors to distinguish between fake and genuine coins.

The Maple Leaf coins were in stock on Costco’s website for a few hours recently at the price of $609.99. That puts each coin in a tube of 25 at around 24.40, with the spot price of silver that day closing at $22.08 per ounce. Typical dealer premiums are slightly higher at around $2.50 per coin.

Costco Product Page: Item #1814000

Canadian Maple Leaf 1 oz Gold Coins

The Maple Leaf 1 oz Gold Coin is the flagship bullion investment coin from the Royal Canadian Mint. It has been a mainstay with global investors since 1979. Its .9999 fine gold content makes it one of the purest investment grade gold coins available, which can be important for some investors.

Costco’s first offering of Maple Leaf gold coins including the Queen Elizabeth Memorial obverse design from last year.

A few weeks ago, the current year issue featuring the official portrait of King Charles was made available at the price of $2,219. On the same day gold spot price closed at $2,161.71 per ounce, a premium of $57.29, which is slightly higher than the lowest available price from national bullion dealers. The average premium for the Costco sale had some investors buying, with availability lasting around 17 hours.

Although the 1 oz coin is the standard, the Maple Leaf series is available in various sizes (1 gram, 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz) from a variety of trusted and reputable online bullion dealers, offering flexibility for different investment budgets and strategies.

2024 1 oz Canada Maple Leaf Gold Coin (King Charles Design)

Costco Product Page: Item #1814006

PAMP Suisse

PAMP Suisse is a private mint based in Ticino, Switzerland. Established in 1977, the company has grown to become a leader in the precious metals industry with an outstanding reputation for producing gold bars of the highest quality. Each newly minted gold bar is produced to the industry standard of .9999 fineness and is accompanied by an assay certificate that guarantees its purity and weight.

PAMP Lady Fortuna Series

The Lady Fortuna series is one of the most iconic and recognizable in the gold market. Combined with PAMP Suisse’s industry leading Veriscan technology that captures the unique topographical characteristics of each gold bar. A mobile app is available that allows investors to instantly verify if a bar is authentic by uploading a series of images which are compared to those stored in Veriscan database. This anti-counterfeiting measure helps assure investors that they are buying genuine investment-grade gold bars.

PAMP 100 gram Lady Fortuna Gold Bar

Costco Product Page: Item #1801206

PAMP 50 gram Gold Bar

Costco Product Page: Item #1782174

PAMP 1 oz Lady Fortuna Gold Bar

Costco Product Page: Item #1748080

PAMP 20 gram Lady Fortuna Gold Bar

Costco Product Page: Item #1782171

Multigram+25 Gold Bars

PAMP Multigram+25 1 gram Gold Bars

Costco Product Page: Item #1811661

PAMP Rosa Series

The most distinctive feature of the Rosa series is the intricate rose design engraved on the bar’s obverse side. This design features a single rose stem with detailed petals and leaves, representing love, beauty, and elegance. The design’s sophistication and artistry make these bars stand out in the gold bullion market.

PAMP 100 Gram Rosa Gold Bar

Costco Product Page: Item #1782169

PAMP 50 gram Rosa Gold Bar

Costco Product Page:

PAMP Rosa 1 oz Gold Bar

Costco Product Page: Item #1782167

PAMP Lunar Legends Series

Like other PAMP Suisse products, the Lunar series bars are available in high purity .9999 fine gold. The designs are renowned for their intricate detailing and artistic quality. To celebrate the Year of the Dragon, PAMP Each bar features an image of the zodiac animal for that year, often depicted in a style that combines traditional and modern artistic elements.

The Azure Dragon is part of the Four Symbols and is considered important for creating balance and harmony in the environment. It is often paired with the White Tiger on the opposite side to balance yin and yang energies.

Each bar comes packaged in a tamper-evident assay card with an individual serial number and a certificate of authenticity.

PAMP Lunar Legends Azure Dragon 1 oz Gold Bar

Costco Product Page: Item #1778080

RAND Refinery

Established in 1920, The RAND Refinery plays a central role in processing gold from the renowned South African gold mines. With over a century in operation, the RAND Refinery has established a strong reputation for reliability and quality in the global precious metals market which contributes to its trusted status among investors and collectors.

Depending on the market conditions, gold bars from the RAND Refinery can be cheaper and may be more cost-effective with a lower price per ounce compared to those from other refineries. RAND Refinery’s gold bars are a highly liquid investment that is recognized and accepted worldwide.

RAND 1 oz Gold Bar

Costco Product Page: Item #1768080

RAND 100 Gram Gold Bar

Costco Product Page: Item #1796444

Costco’s expansion into the precious metals market by adding more coins and bars to its lineup demonstrates the company’s response to increased consumer demand for tangible investments as a store of value and wealth. This expansion not only broadens the investment options for Costco members but also signifies the growing trend of retail investment in precious metals.

Moreover, Costco’s foray into precious metals is complemented by its robust online platform and in-store services, ensuring secure and convenient purchases. With this expansion, Costco aims to solidify its position in the precious metals market, among industry veterans like APMEX, JM Bullion, Bullion Exchanges and SD Bullion, offering an accessible path for its members to invest in physical gold, silver, platinum, and palladium.

Precious metals coins are government backed with a guarantee for their purity and weight. They are purposely minted as a long term store of value and wealth that have historically been an effective hedge against inflation and currency devaluation.

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Costco Adds More Coins & Bars to Precious Metals Lineup

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The membership warehouse club Costco, best known for their $1.50 hotdog and soda combo, began offering precious metals last year through their website and available for sale inside some select locations.

The initial product lineup include a variety of 1 oz Gold Bars from PAMP Suisse and RAND Refinery. After initial success, they began offering American Silver Eagles in tubes of 20 coins, which certainly increased awareness and interest.

Costco’s expansion into the precious metals market by adding more coins and bars to its lineup demonstrates an increase in consumer demand for tangible investment assets. This expansion not only broadens the investment options for Costco members but also signifies the growing trend of retail investment in precious metals.

Costco is well-known for its competitive prices and customer-friendly policies and services, both of which contribute to its strong reputation and popularity among consumers. The way that the retailer is able to leverage its membership model to offer competitive pricing on precious metals, potentially undercutting traditional coin dealers or precious metals retailers. With some analysts suggesting this move by Costco reflects broader trends in the retail and investment sectors, indicating a mainstream acceptance and interest in precious metals investment.

2024 Canada 1 oz Gold Maple Leaf in Assay Card from the Royal Canadian Mint

2024 Canada 1 oz Gold Maple Leaf

The 1 oz Maple Leaf is the flagship investment-grade gold bullion coin from the Royal Canadian Mint, the official government mint of Canada.

The Gold Maple Leaf is minted with gold that is refined to a purity level of .9999 millesimal fineness (24 carats). Additionally, the Maple Leaf series includes advanced anti-counterfeiting enhancements into the coin’s design, such as radial lines and micro-engraved laser etchings.

When compared with other investment-grade coins, the premiums for Maple Leaf gold coins are extremely competitive.

Costco is known for keeping product markups low, which helps keep prices competitive and attractive to shoppers. While these coins are only available from Costco during certain times with limited quantities, dealer premiums for 1 oz Gold Maple Leaf coins range from as low as 2% to as high as 8%, depending on the seller.

2024 US 1 oz American Gold Eagle

2024 US 1 oz American Eagle Gold Coin from the US Mint

Following up on the success of the American Silver Eagles, Costco began periodically offering its gold counterpart. The 2024 1 oz American Gold Eagle is the flagship gold investment coin from the US Mint. Introduced in 1986, this coin has been a mainstay for investors for nearly 40 years.

The current obverse of the coin features a famous rendition of Lady Liberty that was originally featured on the St Gauden’s Gold coin.

The reverse of the Gold Eagle was redesigned in 2021 and features the head of a bald eagle in the center.

Around the head of the eagle, inscriptions are included for the United States of America and the notable latin phrase “E Pleribus Unum”, which translates to In God We Trust. Other inscriptions are included for the weight and $50 dollar face value.

While Costco is known for their low prices, they seem to time their offerings when the spot price of gold remains fairly stable. There have been reports on social media where Costco has increased the price of an item during the sales period. When Costco does have a gold or silver offer live on their website, the quantity available remains unknown to buyers. Though on average, the flash sales seem to average between 4 and 6 hours.

The 2024 1 oz Gold Eagle is a standard bullion issue investment coin and are readily available from most online bullion dealers and local coin shops. Premiums from local coin shops can vary greatly, while online premiums are as low as 3.5% to as high as 9% over the spot price of gold.

PAMP Suisse Gold Bars

PAMP Suisse Multigram-25 1 gram gold bars

The PAMP Suisse Lady Fortuna 1 oz gold bars was one of the initial precious metals offerings from Costco. The Lady Fortuna design is one of the most widely recognized gold bar in the world.

Lady Fortuna is the Roman goddess of luck, chance, and fortune, both good and bad. The age-old saying “Luck is blind” could probably be attributed to the story of Fortuna. She is shown blindfolded and holding a cornucopia spilling over with wealth and riches and a wheel of fortune.

PAMP Suisse has been using the design of their premier line of gold bars since the 1980s. Recently, Costco began offering other sizes of PAMP Suisse Gold Bars that include larger sizes, like the 50 gram gold bar, and even fractional 1 gram gold bars.

The PAMP Suisse 1 gram gold bars that are sold by Costco are part of the PAMP Multigram+25 set. The set includes 25 individual 1 gram gold that are each encased in their own mini assay card. The larger assay card is perforated to allow for easy divisibility should you need to gift, trade or sell a portion.

The obverse of each of the bars feature the same beautiful Lady Fortuna design as the larger bars. While the reverse each bar is emblazoned with the PAMP Suisse logo at the top. It also displays each bar’s weight, purity, and serial number.

Costco does not have a precious metals buyback program and their sale comes with special terms and conditions that explicitly state that all sales are final and not returnable.

Some local coin shops may carry some of the PAMP Suisse products, while the Multigram line of products from PAMP often has variable availability amongst online dealers. Premiums for fractional gold bars are generally higher due to the increase in manufacturing costs, with ranges from online dealers ranging from as low as 16% to as high as 30%.

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Greatest Generation Coins Available for Preorder from the US Mint

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The United States Mint Commemorative Coin Program issues coins that celebrate and honor American people, places, events, and institutions. These coins are legal tender but are not intended for general circulation; instead, they are crafted to collector-grade quality and are often purchased by collectors and investors.

The program aims to raise public awareness about significant aspects of American heritage and history, with a portion of the proceeds from the sales of these coins typically going towards funding related projects, organizations, or memorials.

The Greatest Generation commemorative coin program honors the service and sacrifice of American soldiers and civilians during World War II, as outlined in the Greatest Generation Commemorative Coin Act. The coins are available in gold, silver and clad.

The available coins include:

  • Proof $5 Gold Coin (24CA)
  • Uncirculated Five-Dollar Gold Coin (24CB)
  • Proof Silver Dollar Coin (24CC)
  • Uncirculated Silver Dollar Coin (24CD)
  • Proof Half Dollar Coin (24CE)
  • Uncirculated Half Dollar Coin (24CF)
  • Three Coin Proof Set (24CG)

The Director of the Mint, the Honorable Ventris C. Gibson, signed 250 Certificates of Authenticity (COAs) for the 2024 Greatest Generation Three-Coin Proof Set (24CG).

These personally signed COAs will be randomly inserted into unmarked sets and will be fulfilled when shipping begins.

“The Greatest Generation Commemorative Coins serve as a heartfelt tribute to our World War II heroes and commemorate the 20th anniversary of the dedication of the remarkable World War II Memorial. We urge all Americans to obtain a coin in memory or honor of a loved one who served in this historic conflict,” said Jane Droppa, Chair, Friends of the National World War II Memorial. “We aspire to see these coins become a meaningful medium for individuals to share the extraordinary stories of those who played a pivotal role in bringing freedom to millions worldwide during the deadliest conflict in human history.”

Initiated in 1982, the modern commemorative coin program has produced coins that honor and celebrate a wide range of subjects, from historical figures like George Washington to significant events like the moon landing and institutions such as the Smithsonian.

Some investors buy commemorative coins for their precious metal content and potential for appreciation. Gold and silver commemoratives make unique gifts for special occasions and can be attractive as tangible assets.

U.S. Mint Commemorative Coins are available directly from the Mint through pre-order. More details can be found at the US Mint website.

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    Buying Guide: Vintage Fractional Gold Coins

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    Fractional gold coins are one of the easiest and most affordable ways to buy gold coins. However, fractional gold coin premiums can seem extremely high relative to their full troy ounce counterparts.

    When considering an investment in gold coins it is important to consider the premiums that you will pay over the gold spot price. For many investors it is more reasonable and affordable to purchase fractional gold coins more often rather than saving up to purchase larger gold coins.

    The 1/10th oz American Gold Eagle coin is an excellent investment choice. However, dealer premiums on the 1/10 oz American Gold Eagle can often exceed 10-15%, sometimes even higher. Comparing premiums with the 1 oz Gold Eagle which you can often find with a much lower premium of 1% to 2% over gold spot price.

    Fractional gold coins have been circulated as currency for hundreds of years. As a result there are many different vintage fractional gold coins available that carry a lower premium than their modern equivalents.

    Latin Monetary Union Gold Coins

    The Latin Monetary Union (LMU) was an early attempt at unifying Europe under a single currency standard during the early 19th century. LMU coins were developed around the French Franc standard under Napoleon I beginning around 1803. The most common gold coin of the time was the 20 Francs Gold Coin.

    20 Francs Gold Coins

    The 20 Francs Gold Coin is one of the most popular fractional gold bullion coins that you can buy at a low premium.

    Each 20 Francs Gold Coin contains 6.45161 grams of .900 fine gold struck on a 21mm planchet. The 20 Francs Gold coin contains .1867 troy ounces of gold. The diameter of the coin is similar to that of a US Nickel coin.

    20 Francs Napoleon III

    The most common 20 Francs Gold coins were minted in France during the 19th century. They come with a variety of designs that feature portraits of various rulers of France. Popular designs of French 20 Francs Coins include Napoleon I, Louis XVIII, Napoleon III, “Lucky Angel” and the Rooster.

    Throughout the time of the Latin Monetary Union (LMU), 20 Francs gold coins were minted and circulated in a number of different countries throughout Europe and other parts of the world. Other common variations of the 20 Francs Gold Coin include the Swiss Helvetia/Vreneli 20 Francs from Switzerland, 20 Lire Gold Coins from Italy, Belgian 20 Francs and many others.

    10 Francs Coins

    The 10 Francs Gold Coin contains half the amount of gold as the 20 Franc, 3.2258 grams of .900 fine gold. The 10 Francs Gold Coin contains .0933 troy ounces of gold, which is slightly less than 1/10th troy ounce.

    When looking for vintage counterparts to modern American gold bullion, the 10 Francs Gold coin is comparable to the 1/10th oz American Gold Eagle.

    The premiums on 10 Francs Gold Coins are typically around 12% over the melt value.

    5 Francs Gold Coins

    The smallest of the LMU Franc Gold Standard coins is the 5 Francs Gold coin. Each 5 Francs Gold coin contains 0.04714 troy ounce or 1.6290 grams of gold produced on a  16.7 mm planchet.

    Less Common Gold Francs Coins

    There are larger denominations of the gold Franc standard available, including both the 40 Francs Gold Coin and the 100 Francs Gold Coin. However, those larger denomination gold coins have become less common and can demand a higher premium due to their collectability and numismatic value.

    European Fractional Gold Coins

    1 Ducat Coins

    The Gold Ducat was used as a trade coin in various parts of Europe during the late middle ages into the early 20th Century. Gold Ducat coins were minted using .986 fine gold, which is particularly high for a circulating gold coin.

    Austria 1 Ducat Gold coin

    Popular versions of the Gold Ducat were produced in Austria, Hungary and the Netherlands. Each 1 Ducat Gold Coin contains .1106 troy ounce of gold, slightly more than 1/10th oz.

    Premiums on 1 Ducat Gold Coins are generally around 5% over their melt value. Their high gold purity and low premium makes them one of the most affordable fractional gold coins for investors.

    4 Ducat Gold Coin

    Based on the Ducat Gold Standard, the 4 Ducat Gold Coins contains four times the amount of gold as the 1 Ducat. Like the 1 Ducat, the 4 Ducat Gold coin is also minted from .985 fine gold and contains 0.4430 troy ounce of gold.

    Great Britain Gold Sovereign

    Great Britain has a history of minting many beautiful gold coins. One of the most popular British Gold Coins from England is the Gold Sovereign. The Royal Mint began minting the Gold Sovereign in 1817. Each gold sovereign coin contains .2354 troy ounces of gold. The Gold Sovereign is one of the most popular vintage gold bullion coins for investors and stackers.

    Gold Sovereign with a Perth Mint Mark

    Millions of Gold Sovereign coins have been minted since the inception of the series. You can often buy Gold Sovereigns for as little as 3% to 4% over the melt value.

    Great Britain Half Sovereign and Quarter Sovereign

    Other variations of the Sovereign standard include the half sovereign and quarter sovereign. These denominations are less popular among investors and can carry premiums much higher than the Full Gold Sovereign.

    Gold Peso Coins from Mexico

    Mexican Gold Peso coins are some of the most beautiful vintage gold coins in the world. While Gold prices fluctuate, the popularity of the Mexican Gold Peso coins only increases with investors due to the gold peso’s outstanding gold bullion value.

    Gold Peso coins from Mexico appeal to investors and collectors alike for their high Gold bullion content and rich Mexican history.

    Minted at the Mexican Mint in Mexico City, the Mexican Gold Peso is minted with 90% fine Gold and 10% copper. The addition of copper during the minting process gives the Gold Peso coins a hardness that pure gold alone cannot provide. With the presence of copper, the Mexican Gold Peso coins have been able to withstand the wear of circulation.

    Six different denominations of the Gold Peso were minted to commemorate the centennial of Mexico’s hard won independence from Spanish colonial rule.

    2 Peso Gold Coin

    The 2 Peso Gold coin (dos Pesos) is the smallest denomination of the gold peso. Each Dos Pesos contain .0482 troy ounces or roughly 1.50 grams of gold.

    The 2 Peso Gold Coin is a popular choice with investors looking to start to buy gold coins because the coins are one of the most affordable.

    2.5 Peso Gold Coin

    The Mexican 2.5 Peso Gold Coins were produced from from 1918-1948. Most of the coins on the market that are sold as 1945 2.5 Peso Gold Coins are restrikes that were produced between 1951-1972 and again in 1996.

    Each 2.5 Peso Gold Coin contains .0603 troy ounces, roughly 2.0833 grams of gold bullion.

    5 Peso Gold Coin

    The Mexican 5 Peso Gold Coin contains .1205 troy ounces, roughly 3.75 grams of gold bullion. The premiums on fractional gold like the Gold 5 Peso Coin are often much lower than similar coins. Having a lower premium makes them an attractive investment for bullion investors.

    10 Peso Gold Coin

    The Mexican 10 Peso Gold Coin contains .2411 troy ounces, roughly 7.49 grams of gold bullion. The premiums on fractional gold like the Gold 10 peso Coin are comparable to other similar weight gold fractional coins..

    20 Peso Gold Coin

    The Mexican 20 Peso Gold Coin contain  .4823 troy ounces, roughly 15 grams of gold.

    Many investors consider thedesign of the Gold Mexican 20 Pesos, or “Veinte Pesos”,  to be one of the most beautiful fractional gold bullion coins available. Their popularity with investors and stackers is due to their outstanding beauty and bullion value. As a fractional gold coin, 20 Pesos are an affordable way to enter into the gold market.

    50 Peso Gold Coin

    The 50 Peso Gold Coin was minted by the Banco de Mexico between 1921 and 1947. It is also commonly referred to as the Centenario Peso.  Each 50 Pesos Gold Coin contains approximately 1.2 troy ounces of pure gold. It was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain.

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    Latest Silver & Gold Coin Releases from the Royal Mint

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    The Royal Mint is known for its beautifully crafted and intricate designs, often steeped in British history and culture. From iconic images like the Britannia and the Tudor Beasts series to special commemorative issues, the designs are not only artistically appealing but also often have historical and cultural significance.

    The Royal Mint offers a wide range of silver and gold coins, catering to various interests and investment strategies. As the official mint of the United Kingdom, the Royal Mint’s coins come with sovereign backing and have the assurance of quality and authenticity backed by a government entity.

    From bullion coins for pure investment purposes to limited edition precious metals collectibles, investors and collectors have a broad portfolio to choose from.

    2024 Britannia

    The 2024 Britannia 1 oz Gold Coin is a top choice for investors due to its combination of beautiful design, high purity, plus the reputation and backing by the Royal Mint, along with low premiums make it a standout in the bullion market.

    The reverse showcases the majestic figure of Britannia. Wearing a toga and carrying a large shield, she stands proudly while she wields a trident in her outstretched arm. Additionally, he designers and engineers at the Royal Mint have integrated a variety of anti-counterfeiting measures into the 2024 Britannia Gold Coins.

    In addition to the 1 oz denomination, the Gold Britannia is available in three additional industry standard fractional ounce weight denominations that include 1/2 oz, 1/4 oz and 1/10 oz. Each coin is minted with the same design and features.

    Designed by sculptor Martin Jennings, the obverse contains a newly created effigy of His Majesty King Charles III. Jennings worked from a variety of photographs to create the composite used in the coin’s design.

    The 2024 Britannia is available in Gold, Silver and Platinum bullion coins. The Britannia Gold Series features a variety of weight and face value denomination choices, allowing for varying degrees of

    2024 Tudor Beasts Seymour Unicorn

    The Royal Tudor Beasts collection from the Royal Mint is a series of ten coins featuring the heraldic statues that represent various creatures associated with the lineage of the British royal family. The statues of the beasts that are on display in Hampton Court Palace were created to commemorate the coronation of Queen Elizabeth II in 1953. Since then, they have become prominent symbols in British heraldry and regal iconography. Each beast represents a different tree of noble lineage and carries its own unique symbolism.

    In heraldry, the Seymour coat of arms traditionally depicts a unicorn as one of its supporters, reflecting the family’s nobility and heritage. Jane Seymour’s marriage to Henry VIII in 1536 elevated the Seymour family’s status, intertwining their heraldry with royal symbolism. The unicorn, as part of their family crest, became more prominently recognized due to this connection.

    The 2024 Seymour Unicorn is part of the Tudor Beasts series, and is available in silver, gold and platinum metals.

    Compared to other collectible coins, those from the Royal Mint often come with relatively low dealer premiums. This means investors can purchase the coins closer to the spot price of silver and gold, making them a cost-effective investment.

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    2024 Philharmonic Coins Available

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    2024 Austria Philharmonic 1 oz Gold Coin Reverse

    The 2024 Austria Philharmonic coins are a harmonious blend of art, music, and stand as a testament to Austria’s rich cultural heritage. Issued by the Austrian Mint, these coins pay homage to one of the country’s most famous and enduring symbols: the Vienna Philharmonic Orchestra.

    The Philharmonic coin series, first introduced in gold in 1989 and later in silver and platinum, encapsulates the essence of Austria’s musical legacy.

    The design, crafted by the Austrian Mint’s chief engraver, Thomas Pesendorfer. It is both a celebration of music and a symbol of Austrian identity. The obverse features a depiction of the great pipe organ inside Vienna’s Musikverein, the concert hall of the Vienna Philharmonic Orchestra. The depiction is accompanied by the country’s name and the coin’s denomination, ensuring its status as legal tender.

    The reverse showcases an array of orchestral instruments, including the cello, violin, harp, Vienna horn, and bassoon, representing the world-renowned orchestra. This design has remained unchanged since the coin’s inception, a decision that underscores its timeless nature.

    The 2024 Philharmonic Coins are minted in silver, gold and platinum and are available from online dealers.

    2024 Philharmonic Silver Coin

    The 2024 Philharmonic 1 oz Silver coin is minted in pure .999 fine silver, offering a more accessible price point than its gold counterpart. The silver coin’s design mirrors that of the gold variant, maintaining the musical theme that has become synonymous with the series. The prestigious reputation of the Austrian Mint makes the Silver Philharmonic a desirable choice for those looking for a low premium option to diversify their investment portfolios with precious metals.

    2024 Philharmonic Gold Coins

    The Philharmonic gold coin is a solid investment and also appeals to those who appreciate the fusion of classical music, fine art and precious metals. They hold the distinction of being Europe’s first pure gold bullion coins denominated in the Euro currency, contributing significantly to their prestige and demand in the international market.

    The Gold Philharmonic coin is available in various denominations and weights, including 1/10, 1/4, 1/2, and 1 troy ounce, these coins are minted from 99.99% pure gold. The gold variant has been a stalwart in the global bullion market, renowned for its fine craftsmanship, purity and low premiums.

    These coins are known to have one of the lowest premiums over the spot price of gold among government-minted bullion coins. This affordability can be attributed to the Austrian Mint’s efficient production processes along with the high demand, which allows for greater economies of scale.

    The combination of artistic merit, metal purity, legal tender status, and low premium makes the Philharmonic coin series particularly attractive to investors seeking cost-effective options in precious metals. The coins offer a blend of aesthetic appeal, investment security, and affordability, making them a compelling choice for diversifying assets.