While gold bars and coins are now offered almost daily, the offerings for Silver Eagles and Canadian Maple Leaf Silver Coins have been less frequent.
To purchase silver coins from Costco, you must be a Costco member, which comes with an annual membership fee.
For investors that also like to maximize credit card rewards and other rebates, buying silver coins from Costco’s website can be a good way to bank up extra points and rebates. Some chose to maximize the potential rewards by upgrading to the Executive Membership, which provides for 2% cash back in the form of a rebate from Costco.
While it’s not publicly disclosed who handles the fulfillment, logic would suggest that one of the US Mint’s Authorized distributors are involved, such as APMEX or A-Mark.
The combined availability of PAMP gold bars and US Mint Wholesale products leads many industry insiders to speculate in favor of APMEX, due to the strategic investment MKS PAMP purchased in September 2023.
The level of sales volume Costco’s channels likely provides the warehouse retailer with deep discount 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 metals wholesalers who have been accumulating secondary market silver eagles due to other investors that are selling and looking for quick cash.
Selling newly minted American Silver Eagles at a discount also helps to raise investor awareness and encourages mainstream adoption of using precious metals as a store of value.
Pricing for silver coins is displayed to members on the product page only when inventory is available.
