{"id":211347,"date":"2024-03-08T16:47:29","date_gmt":"2024-03-08T16:47:29","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/08\/costco-adds-silver-to-its-online-offerings\/"},"modified":"2025-06-25T17:21:00","modified_gmt":"2025-06-25T17:21:00","slug":"costco-adds-silver-to-its-online-offerings","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/08\/costco-adds-silver-to-its-online-offerings\/","title":{"rendered":"Costco adds silver to its online offerings"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-1307476280-e1709910770674.jpg?w=2048\" \/><\/p>\n<div data-cy=\"articleContent\">\n<p><a href=\"https:\/\/fortune.com\/company\/costco\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Costco<\/a> is becoming a go-to place for the discerning shopper of precious metals (not to mention <a href=\"https:\/\/youtu.be\/gpn_hofHQuc?t=19\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Yukon Cornelius<\/a>).<\/p>\n<div class=\"paywall\">\n<p>The retailer, whose <a href=\"https:\/\/fortune.com\/2023\/09\/28\/costco-gold-rush-gold-bars-sell-out-2000-spot-gold-pamp-suisse-rand-refinery-hedge-invest-bullion-price-costco-membership-richard-galanti\/\" target=\"_self\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">24-karat gold bars were a hit<\/a> with shoppers (and gave a big boost to the company\u2019s e-commerce division), has now <a href=\"https:\/\/www.costco.com\/2024-1-oz-canada-maple-leaf-silver-coin%2C-25-count.product.4000252852.html\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">added silver coins<\/a> to its offerings.<\/p>\n<p>Shoppers\/investors can pick up a pack of 25 one-ounce silver coins for $625 at the company\u2019s website. And they\u2019re going fast.<\/p>\n<p>The coins are 2024 Canada Maple Leaf silver coins, made of 99.99% pure silver. They have an image of King Charles III on one side and a maple leaf on the other and carry a face value of $5 (Canadian \u2013 which works out to $3.72 in U.S. dollars).<\/p>\n<p>Like the gold bars, the coins are only available on the company\u2019s website\u2014and introducing precious metals to its online offerings has been a boon for e-commerce. Chief financial officer Richard Galanti, speaking on an earnings call Thursday, said the <a href=\"https:\/\/fortune.com\/2024\/03\/08\/costco-annual-membership-fees-increase-galanti-millerchip\/\" target=\"_self\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">increase in online sale last quarter<\/a> was \u201cled by sales of gold and very recently silver.\u201d<\/p>\n<p>Gold prices are hitting <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-05\/gold-climbs-to-record-as-momentum-builds-on-rate-bets\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">all-time highs<\/a> recently, but silver has largely held its value for the past few years\u2014and is far off its high of $49.51 per ounce. Still, the affordability of the coins and fears of the bull market reversing itself as interest rates remain high are driving interest (along with the novelty of the offering).<\/p>\n<p>Costco shoppers are a bit fonder of the gold, if the product ratings are to be believed. Silver customers have grumbled about the shipping of the coins, saying the cases were unsealed, letting the coins fall out and, in some cases, get scratched.<\/p>\n<p>There\u2019s not a lot they can do at that point. Costco says the coins can\u2019t be returned or refunded and customers are limited to five cases per membership\u2014and they only have one opportunity to buy them.<\/p>\n<\/div>\n<div class=\"sc-f923d9ed-0 dNwVje article\" data-cy=\"subscriptionPlea\">Subscribe to the new Fortune CEO Weekly Europe newsletter to get corner office insights on the biggest business stories in Europe. <a href=\"https:\/\/fortune.com\/newsletters\/ceo-weekly-europe?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=ceo_weekly_europe\" target=\"_self\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Sign up<\/a> for free.<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/03\/08\/costco-selling-silver-coins-gold-bars-precious-metals\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Costco is becoming a go-to place for the discerning shopper of precious metals (not to mention Yukon Cornelius). The retailer, whose 24-karat gold bars<\/p>\n","protected":false},"author":1,"featured_media":211348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/211347"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=211347"}],"version-history":[{"count":2,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/211347\/revisions"}],"predecessor-version":[{"id":339445,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/211347\/revisions\/339445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/211348"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=211347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=211347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=211347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}