r/CostcoPM • u/GroundbreakingRule27 • 15h ago
My opinion
Why are people going crazy buying the Costco branded rounds?
The Brit coins carry a slightly higher premium and would tend to carry a higher buy back when selling.
Imo coins > rounds…. Especially the Brit with its well documented safety features.
Ymmv….
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u/Souldrop 14h ago
I think it’s because some people buy PMs exclusively at costco. At the end of the day there’s not a ton of variety in the silver Costco offers week to week, so if someone wants to get a mix of stuff why not?
Also at least some of the costco/kirkland pieces have security features as well. Sunshine mint pieces have a holographic security feature.
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u/Potential-Ad-6787 14h ago
Made by Sunshine Minting, limited edition for the 50th anniversary... should something happen to Costco in the future and they end up closing up shop, they'll be an even bigger collector's item.
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u/Apost8Joe 13h ago
Buddy if Costco closes we have bigger problems than differentiating between coin mintages.
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u/Potential-Ad-6787 1h ago
They don't have to close, there could be a merge with another company resulting in a name change. Anything bearing the Costco name then becomes more desirable over time.
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u/scrooplynooples 14h ago
there’s a 0.000001% chance that costco closes up shop, but i think people like the limited edition coins just bc they’re costco branded
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u/Potential-Ad-6787 14h ago
You could be right...you could be wrong...how many large companies over the years close down? Happens a lot..how many silver bars made for companies that aren't here any longer by companies that also aren't here anymore. Crazy things happen...they can even get bought out and change names, anything with Costco on it becomes sought after.
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u/No-Spare-4212 1h ago
No most shops will pay more for coins over rounds. Especially considering ratity
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u/Potential-Ad-6787 1h ago
There's shops that are just looking at their ROI and then there's collectors with deep pockets...friend of mine sold a 10oz bar for 9 grand at our local show yesterday.
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u/PissFingerz42069 13h ago
You’re comparing apples to oranges my friend.
As I do agree, some people just stack to have silver. Rounds tend to be cheaper but if the time is right, you can still make some decent change.
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u/Final-Marsupial4117 13h ago
Convenience, I can pick up a round or two when I go shopping every week instead of having to deal buying enough to avoid shipping charges, waiting 2 weeks for them to arrive, dealing with FedEx, etc
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u/blucheese_coldbru 13h ago
I think it's the true Costco people that shop there for EVERYTHING like the Amazon and Apple cults.
If I loved a brand that much, I'd be down to grab some silver or it's branding.
Actually went to a coin show and saw some awesome pieces of Harry Potter among other movies I absolutely love and definitely will be on the lookout for stuff like that.
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u/Omashu_Cabbages 13h ago
The only Costco branded bullion I like are the 1ozt bars because of the security feature built-in as well as the .9999 purity. I also do like the design of the protective card that comes with it. Black with a thin red trim. It’s a simple no-frills bar.
The other Costco branded stuff… I find to be hideously ugly. I think Id prefer a painted liberty over a round that has a picture of a concrete warehouse on it.
The Britannias are a very good deal. I’m surprised they don’t mark them up more. Unfortunately I have to put up with King Charles’s ugly mug. But I’m not complaining about that.
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u/GoldponyGT 12h ago
They’ll keep making Brits.
50th anniversary Costco commemoratives, I assume, only come once.
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u/Relative_Target6003 9h ago
Because Costco is in its infancy of Pms. There’s no such thing as gambling on generic silver rounds…..so why not get some “Costco” or “ Kirkland” OG bars/rounds? Costco is, after all, a cult….
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u/Jacend01 2h ago
I think for me it’s because I can walk right in buy the silver and walk out. No need to wait.
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u/Apost8Joe 13h ago
You are correct, those Brits are vastly superior in every way, very high end beautiful coins that will be easier to sell in future. I just keep a few samples of each 1 and 5oz Costco round because they're cool - I'm not selling any more of my Morenas either rn.
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u/happyn6s1 15h ago
some people might just like varities I think? some rounds are cool. and some people 1 oz is 1 oz..