{"id":2754,"date":"2024-04-09T21:46:08","date_gmt":"2024-04-09T21:46:08","guid":{"rendered":"https:\/\/findbullionprices.com\/blog\/?p=2754"},"modified":"2025-04-12T14:15:45","modified_gmt":"2025-04-12T14:15:45","slug":"flipping-costco-gold-coins-for-profit","status":"publish","type":"post","link":"https:\/\/findbullionprices.com\/blog\/flipping-costco-gold-coins-for-profit\/","title":{"rendered":"Flipping Costco Gold Coins for Profit"},"content":{"rendered":"\n

In some areas, it has become profitable to flip Costco 1 oz Gold Coins<\/a> for a tidy profit. Depending on inventory levels, many local coin shops will pay a premium above the melt value for current-year gold coins kept in their original Mint State condition.<\/p>\n\n\n\n

Some investors buy gold coins from Costco that are below melt value when factoring in the rewards. The premium on Costco’s gold coins averages around 2.5%. Once they receive 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, it’s possible to make a quick .5% profit.<\/p>\n\n\n

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Costco Executive members earn 2% cash back, up to $1,000 annually. This annual rebate must be spent on other products in the warehouse. When factoring in different credit card rewards, the potential profit from these transactions can quickly increase by a few percentage points.<\/p>\n\n\n\n

The Costco Citibank card, for example, offers 2% rewards for all purchases at Costco, and those rewards can be deposited into your bank account as cash. However, you may have a better deal with the cards in your wallet.<\/p>\n\n\n\n

The practice of flipping gold coins for profit as a side hustle has been around for a long time. Some investors hold onto coins for arbitrage when the price of gold increases, while others look for opportunities to flip coins for a profit.<\/p>\n\n\n\n

The profitability can vary depending on which part of the country you’re in and the number of gold investors in your local coin shop’s customer list.<\/p>\n\n\n\n

Many investors find great deals on eBay, particularly for historic and vintage gold coins. This includes US Mint Pre-1933 gold coins<\/a> and circulated gold coins from Europe, such as 20 francs and British Sovereigns. Many trusted and reputable bullion dealers, such as APMEX, Liberty Coins, Aydin Coins, and Pinehurst Coins, use eBay as a sales platform to liquidate excess inventory.<\/p>\n\n\n

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It is important to have a good relationship with the folks at your local coin store. They have the best understanding of which coins collectors and investors in the local area are most interested in and a customer list of willing buyers.<\/p>\n\n\n\n

They can also give you an idea of the prices they would be willing to pay, particularly for coins graded and encapsulated by reputable third-party grading services like NGC, PCGS, and ANACS.<\/p>\n\n\n\n

Graded Gold Coins are generally the most liquid and easiest to sell, as they provide verification of their authenticity and condition.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n

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.<\/p>\n","protected":false},"author":1,"featured_media":2669,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[311,545],"tags":[1126,1125,528,47],"class_list":["post-2754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-coins","category-news","tag-coin-flipping","tag-costco-gold-coins","tag-gold-buffalo","tag-gold-eagle"],"yoast_head":"\nFlipping Costco Gold Coins for Profit - FindBullionPrices.com<\/title>\n<meta name=\"description\" content=\"In some areas, investors are finding that it's possible to flip Costco 1 oz Gold Coins for a tidy profit when stacking credit card rewards and other cash back offers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/findbullionprices.com\/blog\/flipping-costco-gold-coins-for-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flipping Costco Gold Coins for Profit - 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