Gold at Costco?

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

  1. pmbug

    pmbug Taking steps on my thousand mile journey

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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think that’s going to be the norm, out of stock !
  4. Dmitri

    Dmitri New Member

    So... I got a Rand Refinery 1oz bar from Costco, but... I am a little concerned. The packaging is not pristine; ok, no big deal. I did not notice it when I was ordering, but the photo has the elephants on the front, unlike virtually any photos I could find (e.g. JM Bullion). My bar also has the elephants on the obverse. I decided to weigh it, with the assay card and it comes out to 39.3g. Unfortunately, I cannot find any official statement of total weight. Then, the cheapest Sigma detector has readings in and out of the expected range, but that device only has a .999+ setting, not a .9999 setting. Apparently, Costco is not offering returns on this item either. Any thoughts out there?
  5. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    Yup. But I can't say it on this forum.
  6. Dmitri

    Dmitri New Member

    I am assuming that is a negative! I am going to try to find a local jewelry shop that will run an XRF for me, but even that may not be good enough if plating is very heavy. The bar does not look thick when compared to the same type of bar sold by JM Bullion, so if it is a fake, it is not a copper/brass core. Maybe some other metal. Yes, as someone said above, I cannot imagine Costco knowingly or otherwise passing off fake bars, that said... it's not like they have enormous experience in this area. When I placed the order for this bar, it was on a day that gold was up a lot last week. The premium essentially vanished because they did not have dynamic pricing.
  7. Dmitri

    Dmitri New Member

    Last edited: Oct 19, 2023
  8. fretboard

    fretboard Defender of Old Coinage!

    Yeah I read about these gold bars at Costco last week sometime and it may be a good deal for someone who lives in BFE but I don't have any interest in gold bars at all, not even at spot price. :shame:
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I would think anything bought at COSTCO
    would carry the option for a return especially
    something like this, so isn’t the bar/ pacjj on aging new ?
  10. Barney McRae

    Barney McRae Active Member

    NC? Interesting. Back when I was an accountant in Florida, I told them to go pound sand. They tried to levy a 1099 vendor for NC taxes, and their real estate was in Florida. I researched the issue and found that NC had to go through a legal process in Tallahassee to garnish 1099 income. So I wrote them back and told them the process. Problem solved, never heard from them again.
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