While gold bars and coins are now offered almost daily, the offerings of silver coins at Costco have been less frequent.
Buying silver coins from Costco’s website can be an excellent way to earn extra points and rebates for investors who like maximizing credit card rewards and other rebates.
To purchase American Silver Eagles or Canadian Maple Leafs from Costco, you must be a Costco member and pay an annual membership fee.
Some choose to maximize the potential rewards by upgrading to the Executive Membership, which provides 2% cash back as a rebate from Costco.
Costco Offering Silver Coins and Rounds
Costco expanded its product range with various silver coins and bullion options for investors looking for a store of value. Their offerings feature silver coins and rounds from reputable mints, known for their high purity and quality.
Some customers have reported issues with packaging, such as broken seals and coins spilling out during shipping. This has led to concerns about potential scratches or damage to the coins.
While these silver products are popular among investors, it’s important to compare prices and premiums with other reputable dealers to ensure you’re getting the best value.
2024 1 oz American Eagle Silver Coin, 20-Count Tube
As the most popular choice among investors, the American Silver Eagle coin remains the most widely recognized silver bullion coins in the world. Its beautiful design, silver purity and outstanding reputation of the US Mint make it a logical choice for Costco. The tube packaging makes it convenient for bulk purchases.
This set includes twenty 1-ounce American Eagle silver coins, each containing 99.9% pure silver. Produced by the United States Mint, these coins are packaged in a specially labeled tube.
Pricing for silver coins is displayed to members on the product page only when inventory is available.
2024 1 oz PAMP American Buffalo Silver Round, 20-Count Tube
PAMP Suisse recently converted an old aviation hangar in Hollywood, Florida into a silver mint. The facility produces a variety of bullion products, including these PAMP USA 1 oz Buffalo Silver Rounds.
These silver rounds are among the company’s first products to be manufactured in the United States.
- Contains 1 oz .999 fine silver.
- Obverse: Features the MKS PAMP USA labeled logo surrounded by inscriptions of purity and weight.
- Reverse: Shows a highly detailed picture of a bison in a field.
- Made in the USA.
All products produced at the new facility carry a discreet USA mint mark is featured on products to signify their origin. This product is currently listed on Costco’s website.
2025 1 oz Canada Maple Leaf Silver Coin, 25-Count Tube
Costco’s precious metals offerings also include the 2024 1 oz Canada Maple Leaf Silver Coin, available in a 25-count package. Each coin contains 1 troy ounce of 99.99% pure silver and features the iconic maple leaf design, symbolizing Canada’s rich heritage.
Costco Website Silver Bullion Fulfillment
While it’s not publicly disclosed who handles the fulfillment, logic would suggest that one of the US Mint’s Authorized Purchasers is involved.
The combined availability of PAMP gold bars and US Mint Wholesale products leads many industry insiders to speculate about APMEX due to the strategic investment MKS PAMP purchased in September 2023.
The sales volume level in Costco’s channels likely provides the warehouse retailer with deep discounts on American Silver Eagles and other bullion coins that aren’t available to other precious metals dealers.
This also provides a relief valve for precious metal wholesalers who have been accumulating secondary market silver eagles due to other investors who are selling and looking for quick cash.
Selling newly minted Silver Eagles at a discount also helps to raise investor awareness and encourages mainstream adoption of using precious metals as a store of value.