{"id":3959458,"date":"2024-05-09T17:22:26","date_gmt":"2024-05-10T00:22:26","guid":{"rendered":"https:\/\/mynorthwest.com\/?p=3959458"},"modified":"2024-05-09T19:00:30","modified_gmt":"2024-05-10T02:00:30","slug":"silver-coins-are-another-item-you-can-add-to-your-costco-list","status":"publish","type":"post","link":"https:\/\/mynorthwest.com\/3959458\/silver-coins-are-another-item-you-can-add-to-your-costco-list\/","title":{"rendered":"Silver coins are another item you can add to your Costco list"},"content":{"rendered":"<p>Large packages of eggs, milk, bread are common items available at Costco, but now the wholesale retail giant is offering something a little more shiny: silver coins. It started selling the coins in March, following a frenzy on the gold bars it sells.<\/p>\n<p><a href=\"https:\/\/www.cbsnews.com\/news\/costco-gold-bar-sales-inflation-silver-coins-2024\/\" target=\"_blank\" rel=\"noopener\">According to CBS News<\/a>, Costco now sells around $200 million a month in gold and silver. Wells Fargo equity analyst Edward Kelly told CBS sales have climbed because of &#8220;Costco&#8217;s aggressive pricing and high level of customer trust.&#8221;<\/p>\n<p>Costco sells tubes of 25, 1-ounce Canada Maple Leaf Silver Coins, priced at about $680. The coins have a maple leaf on the front and King Charles III on the back.<\/p>\n<p>The silver coins come after the company started selling gold bars last October.<\/p>\n<p>In a company earnings call in October 2023, according to <a href=\"https:\/\/apnews.com\/article\/earnings-076e4739986816ba0105036a0003ab3e\" target=\"_blank\" rel=\"noopener\">The Associated Press<\/a>, CFO Richard Galanti claimed the gold bars, sold exclusively online, are &#8220;typically gone within a few hours&#8221; of appearing on Costco&#8217;s website. There is a two-bar limit per member.<\/p>\n<p><strong>Financial expert<\/strong>: <a href=\"https:\/\/mynorthwest.com\/3934518\/one-ounce-gold-bars-costco-newest-sensation-are-they-worth-it\/\">Costco&#8217;s 1-ounce gold bars are a &#8216;mug&#8217;s game&#8217;<\/a><\/p>\n<p><a href=\"https:\/\/apnews.com\/article\/costco-gold-bars-demand-precious-metal-investment-5ea90e851227803968856e299e721fd5\" target=\"_blank\" rel=\"noopener\">The AP<\/a>\u00a0reported the one-ounce gold pieces, offered in two designs, were selling for just below $2,000 \u2014 slightly more than the current market price of gold, which was around $1,835 per ounce last October.<\/p>\n<p>But Jason Royal, a principal writer and editor for the financial services company <a href=\"https:\/\/www.bankrate.com\/authors\/james-royal\/?feed=latestArticlesAuthor&amp;page=4\" target=\"_blank\" rel=\"noopener\">Bankrate<\/a>, previously told MyNorthwest the gold bars are more of a novelty than an investment.<\/p>\n<p>&#8220;You&#8217;re basically in the hole 10-12% as soon as you purchase,&#8221; Royal said. &#8220;The returns are a lot a lot more spotty than stocks, and you have to keep it safe.&#8221;<\/p>\n<p>However, <a href=\"https:\/\/www.usatoday.com\/story\/money\/2024\/03\/09\/costco-silver-coins-gold-bars\/72910338007\/\" target=\"_blank\" rel=\"noopener\">according to USA Today<\/a>, Costco sold over $100 million in gold bars in a three-month period ending Nov. 26. The national outlet added the same trend is happening to the silver coins, which were sold out in March.<\/p>\n<p>USA Today also reported that, according to Costco, the coins may be available at local warehouses at a lower price. Members can buy a maximum of five tubes of coins which are nonrefundable.<\/p>\n<p><em>Contributing: Frank Sumrall, MyNorthwest<\/em><\/p>\n<p><em>Julia Dallas is a content editor at MyNorthwest. You can read her stories\u00a0<a href=\"https:\/\/mynorthwest.com\/author\/julia-dallas\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. Follow Julia on X, formerly known as Twitter,\u00a0<a href=\"https:\/\/twitter.com\/judallas111\" target=\"_blank\" rel=\"noopener\">here<\/a>\u00a0and email her\u00a0<a href=\"mailto:jdallas@bonneville.com\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":25,"protected":false},"author":181,"featured_media":3903267,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[34,39],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Costco adds silver coins to its range of products<\/title>\n<meta name=\"description\" content=\"Eggs, milk and bread are common things available at a grocery store but now Costco is offering something a 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