Selling

Where to Sell Costco Gold Bars?

Trey Benedict
Trey Benedict
ByTrey Benedict
On June 11, 2024

Costco's Booming Gold Sales

It is no secret that Costco has debuted selling physical gold bars starting in September of 2023, headed by its initiative to give consumers more products at a wholesale price. According to the Costco chief financial officer, Costco has created over $200m+ of gold sales, most typically sold are 1-ounce gold bars and coinage by renowned manufacturers such as Pamp Suisse, the United States Mint, and the Royal Canadian Mint. All mint coinage sold is packaged in exclusive packing made exclusively for Costco, which mimics assay cards for their bar counterparts. The catch? You have to be one of their warehouse club members as typical for buying on Costco, but you can gain an extra 2% with their credit cards.

What Products Does Costco Offer?

Costco offers a small range of high-volume, liquid products in their first offering to the public. Here is a list of some of the known available branded products and where to find them at Costco online:

Note: In-store visitors have found products such as the Royal Canadian Mint 10 oz Silver Bars, being limited to just 5 per customer.

Most items have an account limit, so if you are looking to purchase more items you must make more accounts or find family members or friends that can help out!

How much does Costco Gold cost?

Costco gold prices range depending on the product and the varying premiums associated with that brand and specific coin, but generally, they restock the items at 2-3% above the spot price for the 1 oz Gold Bars and Coins. For higher premium products such as the Silver coinage, and the 25x1g MultiGram products, they can range from 8-15% above spot price.

Is this a good deal to buy? Yes, it could depending on your investment thesis, or if you have the Costco Exclusive membership setup, which can get you up to 2% Cashback, on top of potential rewards such as Citi's 2% High Volume Cashback program, netting out to about 4% returns before actually selling the gold.

Do Costco's gold bars sell out quickly? Yes, they sell out very quickly with most orders being placed within the first 5-10 minutes of the items restocking on Costco's website.

How do I sell Costco Gold in person?

If you want to sell your Costco gold in person, there are many Local Coin Shops in the Pure Network that would be happy to help provide an estimate and cash you out for the products you bring in. For our dealer recommendations, we support members of the PNG, or Professional Numismatics Guild, who uphold professional and business standards within the industry.

Pros:

  • Same Day Cash In-Hand

Cons:

  • Reporting of Transactions over $10k

  • Lower Cash-Out Prices (Under Melt)

  • Physical Transactions

How do I sell Costco Gold Online?

Selling Costco gold can be as simple as signing up for an account on the Pure Marketplace, and accepting a high bid. Pure works like the stock market, where buyers compete to purchase items, allowing sellers to get liquidity of their items in an instant. To get started, you will need to go through our verification process, which involves an ID check and a bank account on file. To sign up for an account navigate here.

Explore the Highest Bids for Costco Gold on Pure

Pros:

  • Best Market Price Paid

  • Free Insured Overnight Shipping Labels

  • ACH Direct Deposit within 1-2 Business Days

  • No Cash Reporting

Cons:

  • 0.5% Fee Rate

  • Identity Verification

For more information on how to get started, check out our other selling posts and take a look around the marketplace for many more bids and asks available!