Costco: 20-ct. 1oz. 2024 American Eagle Silver Coin: $540

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Costco has for Costco Members: 2024 1 oz American Eagle Silver Coin, 20-count for $540. Free shipping.

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About

• 1 troy ounce of 99.9% pure silver
• Produced by the United States Mint
• Brilliant uncirculated finish
• Packaged in a specially labeled tube holding 20 coins per tube

Why Do I Have to Pay More than the Spot Price?

• Simple Answer: Because “spot price” is the bulk rate for a large bar [100 oz gold or (5) 1,000 oz silver bars]. Further, “spot price” does not include shipping, commission. or insurance to get actual precious metal into your hands. The large bars are, instead, held in a depository far away. Government and private mints buy large bars off the market and from refiners, then they produce “rounds” in the correct fineness before they are stamped out in a press under 100 to 150 tons pressure. Obviously, the smaller the coin, the more cost to mint it, per economies of scale. Analogy: A bushel of wheat costs much less than a loaf of bread; one is in the raw state, the other required careful work/cost to produce. Then, after the coins are minted, there are distribution costs that must be covered which also add to the “coin premium.”"

Note

• Item is Non-Refundable
• Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
• Item is Not Eligible for Price Adjustments