Costco, the popular wholesale retailer, has turned to selling silver coins after their gold bars flew off the shelves. This move comes after a video shared on TikTok garnered over 7 million views, showcasing the high demand for precious metals. The 1-ounce Canada Maple Leaf Silver Coins, sold in 25 tubes, are now available for purchase at Costco for $679.99.
The silver coins, minted by the Royal Canadian Mint, boast a purity of 99.99%. On one side, they feature an image of King Charles III, while the other side displays a maple leaf. With a face value of 5 Canadian dollars each, these coins offer both aesthetic appeal and investment potential.
Costco’s decision to sell silver coins comes after the success of their gold bar sales. In fact, during the last quarter alone, the retailer sold a staggering $100 million worth of gold bars. This impressive figure demonstrates the growing interest in precious metals as a safe haven investment.
However, some customers have expressed dissatisfaction with their silver coin purchases from Costco. Several shoppers reported that their coins arrived scratched, raising concerns about the quality control process. In response to these complaints, the Royal Canadian Mint assured customers that the silver coins feature “enhanced” security features to minimize the likelihood of white discoloration spots.
Despite the reported scratches and the high demand, both online and in-store, for these silver coins, Costco remains committed to meeting customer needs. While the coins are currently sold out online, prospective buyers can inquire about availability at their local Costco stores.
Costco’s foray into precious metal sales has undoubtedly captured the attention of investors and consumers alike. The retailer’s ability to adapt to market demands and offer a diverse range of products is a testament to its success. With their gold bars and now silver coins, Costco continues to solidify its position as a trusted destination for those seeking investment opportunities.
Fox News has reached out to Costco for further comments on their silver coin sales. As the popularity of precious metals continues to rise, it will be interesting to see how Costco responds and expands its offerings in the future.
