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.
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.
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.
Some of the most frequently asked questions posted on social media by investors that are new to buying physical silver include: where to buy the cheapest silver rounds online? And the second most asked question: which dealer has the lowest price on silver rounds?
The United States Mint Commemorative Coin Program issues coins that celebrate and honor American people, places, events, and institutions. The Greatest Generation commemorative coin program honors the service and sacrifice of American soldiers and civilians during World War II.
The Switzerland based refinery’s solar installation covers an area of more than 2000 square meters with an annual production of around 519.7 MWh of electricity. This has helped the company reduce CO2 emissions by 41%.
The Biden administration has updated the plan, with several proposed options that would divert anywhere from 8 million to up to 55 million acres of public lands across 11 Western states to be made available for solar energy.
In June 2021, the US Mint added an anti-counterfeiting notch to the edge of annually minted coins like the American Eagle Gold and Silver coins. The notches also appear also on the redesigned gold and silver American Eagles with Uncirculated (Burnished) and Proof finishes.
To celebrate the 20th Anniversary of the Call of Duty video game franchise, Activision has partnered with PAMP Suisse to develop a line of limited edition silver and gold bars featuring the imagery from the game.
Costco’s decision to sell precious metals is being viewed as a strategic way to tap into niche markets while exposing precious metals as store of value and wealth to their diverse customer base.
Costco’s venture into selling precious metals is helping to set a new retail trend that blurs the lines between everyday shopping and investing.