gold coins

Flipping Costco Gold Coins for Profit

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.

However, there are ways to use other rewards to increase profits. Flipping gold coins for profits has been a side hustle that many collectors and numismatists have been using for a long time to increase their collections and investments in tangible assets.

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

Costco Gold Bullion on Display in a Warehouse Location

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.

Tangible Assets: US Mint Pre-1933 Gold Coins

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Prior to the Great Depression, gold coins were the normal and natural form of money and in common circulation throughout the world.

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.

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

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HSBC has launched a blockchain-based digital gold token for retail investors in Hong Kong that is backed by physical gold held in the bank’s London vault allowing for efficient and cost-effective tracking of allocated and unallocated gold holdings.

Young investors in China have started a trend towards accumulating tangible wealth by stacking 1 gram gold beans. The beans are affordable and are viewed as a low-risk investment options.

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

gold bar on display in a Costco Warehouse location

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.