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

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.