Investment-Grade Silver Coins

Closeup of Stack of Silver Eagle Coins (Bullions) on a $100 US Bill

Investment grade silver coins are high-quality, government-minted coins that contain a specified amount of pure silver. These coins are recognized for their silver content, purity, and legal tender status, making them a reliable store of value. Some popular examples of investment grade silver coins include the American Silver Eagle, Canadian Silver Maple Leaf, and the Austrian Silver Philharmonic.

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.

Costco Now Selling Silver Eagles

American Silver Eagle Tube of 20 1 oz Coins

Costco, the popular warehouse club known for bulk products and discount pricing, in recent months began offering 1 oz gold bars from PAMP Suisse and Rand Refinery for members to purchase via their website.

This week, various reports are emerging online that the Member’s Only retailer has increased its product offerings of precious metals to include tubes of American Silver Eagle coins, with customers reportedly receiving 2023 mintage year coins.

Understanding Silver Eagle Premiums

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The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.

Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.