Gold at Costco?

Discussion in 'Bullion Investing' started by numist, Oct 4, 2023.

  1. numist

    numist Member

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  3. rte

    rte Well-Known Member

    Is it actually in stock?
    Costco is 65 miles away.
    Can you still checkout as a guest with a temporary card?
  4. numist

    numist Member

    According to the article it is only available online and usually sells out quickly.
  5. pmbug

    pmbug Taking steps on my thousand mile journey

  6. -jeffB

    -jeffB Greshams LEO Supporter

    It looks like that link only applies to tax-exempt purchasers, not tax-exempt items.

    I'd expect Costco to have their point-of-sale systems set up to understand local and state tax rates. Certainly when I was a Sam's Club member they did the right thing for food (taxed at 2% or less here) vs. general goods (7.5%). I can't speak to PMs, though, because (a) they weren't exempt at the time and (b) Sam's never sold them.
  7. pmbug

    pmbug Taking steps on my thousand mile journey

    It's both.

    If you look at the form itself:
    the gold ingots are only offered for sale online at - they aren't available for POS in one of their warehouse stores.
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Ah, right, I'd forgotten that. Still, most other online retailers understand taxes well enough to comply with our intricate local laws. Heck, even our favorite punching-bag eBay implemented the change fairly quickly when NC law changed to exempt PMs and coins from sales tax. I'm surprised that Costco doesn't handle it properly in their online storefront.
    Randy Abercrombie likes this.
  9. CoinCorgi

    CoinCorgi Tell your dog I said hi!

  10. pmbug

    pmbug Taking steps on my thousand mile journey

    FWIW, it seems to be a blanket policy for all goods at Costco. I don't know the reasoning for it.
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It would be nice if they sold 1 OZ gold coins
    as well very Leary when it comes to bars regardless of the source.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    For the heck of it, I chacked my local Costco
    and here’s the message I got, what’s the point of it’s unavailable…LOL
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  14. hotwheelsearl

    hotwheelsearl Well-Known Member

    why would you be leery of gold bars from one of the country's most well-regarded retailers? It's not you're buying gold from "Jim's Gold Shack & Grille"
  15. pmbug

    pmbug Taking steps on my thousand mile journey

    They were never available at local warehouses. Only online (mail order) sales via
  16. -jeffB

    -jeffB Greshams LEO Supporter

    I wouldn't expect Costco to pass fake bars (knowingly or unknowingly). But when you go to sell those bars, you're just some guy with gold bars, and how does your potential buyer know you can be trusted? I mean, you could show your receipts from Costco, but how do you prove that you haven't swapped out the good bars for fakes?

    Maybe a knowledgeable-enough buyer can distinguish fake bars as reliably as fake coins. To me, though, coins are easier to authenticate, and that makes them easier to move.

    Of course, if you never intend to sell your gold, that probably doesn't matter. But in that case, does it really matter whether the gold is real in the first place? After all, a fake bar that you believe is real gives you the same tingly feeling as a real one...
  17. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Man, I started doing business in your state ten years ago…. I had to hire a lawyer to dissect the sales tax code up there and I still worry if I am properly complying. It’s a twenty page report we send up there every month with our sales tax payment….. Yes sir, you do have very intricate local levies and such.
    -jeffB likes this.
  18. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Jim’s a good old boy!
    slackaction1 likes this.
  19. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    What next? Yellow fin tuna steaks at Stacks?
  20. potty dollar 1878

    potty dollar 1878 Well-Known Member

    What next? .9999 pure gold baby!!Yellow fin tuna steaks at Stacks?:D:D.
    slackaction1 and green18 like this.
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think they go by warehouse location and use
    your membership to keep track, as they give
    me the same not available message.
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