COSTCO American SILVER Eagles: The Benefits and the Pitfalls

Costco recently announced it has begun to sell SILVER bullion! We'll explore Costco's first choice: The American Silver Eagle, and discuss some of the positive attributes of buying these coins from Costco--and some of the potential pitfalls to watch for. This is a great video for those folks new to silver and precious metals who need a little information to help them make the best choice.
I mention the Costco GOLD video in this video. You'll find that video here:
• COSTCO GOLD : The Bene...

[@Dub-C_Coins]

For those trying to find these silver eagles at Costco, I'm told they are selling out almost instantaneously. One website called SlickDeals allows you to set alerts for these so you can grab them as they appear. Disclaimer: I have NEVER used SlickDeals. But if you have, I'd love to hear your experience!

[@iandonley]

That's true, but if you give it away as a gift to friends and family, they can't track it anymore. Everyone I know gave away everything they purchased 😉.

[@kevinw9073]

I logged on this afternoon and ordered. Mine has already been shipped and will have it in 2 days.

[@macho4x4warlock98]

I used the search engine on Costco online. I unable to locate the silver eagles. What’s the key fraise used for silver eagles?

[@Dub-C_Coins]

They sell out very quickly every time they list them. You have to keep checking or use a site like slickdeals to get notifications. @@macho4x4warlock98

[@jimk654]

Has anyone posted they've received them and what kind of condition were they in. There were many negative post in reference to the condition of the bars they sold.

[@paulswickard2656]

I was hoping they would start selling silver. It’s great getting exposure to a lot of people that may not otherwise ever think about buying silver. Thanks for the content WC!

[@Dub-C_Coins]

Well you were thinking further ahead than I was! Came as a shock to me but it makes perfect sense. I hope they are successful with it and bring more people into the precious metals community!

[@davidouellette6833]

They don't want you to get silver they sell it at the Canadian Costco ten ounce coin for 399 canadian

[@paulswickard2656]

@@davidouellette6833 The price down here is almost exactly the same as from APMEX.

[@markmolinari777]

BUY BUY BUY. I'm a Costco inverstor. I love it!

[@Dub-C_Coins]

There is a lot of wisdom in owning stock of companies you yourself patronize!

[@paulbrungardt9823]

My financial investor advised to buy Precious Metals--Brass, copper & lead--I bought a case of 5.56 mm ammunition.

[@ericmares8036]

😂😂😂

[@paulbrungardt9823]

@@ericmares8036 Eric--Glad someone else caught on after 3 weeks of posting.

[@fgstacker]

Thank you for the great review and video!

[@user-ib1dd9er2l]

just wanted you to know I was paying attention -- you are very thorough -- Merry Christmas to you and a wish for a very prosperous year !

[@Dub-C_Coins]

Thanks a bunch for the kind comment and for watching the video. Merry Christmas to you, too!

[@ipenguin3918]

Truly excellent video, and I've been buying Gold, and Silver for years.

[@Dub-C_Coins]

Thank you! And thanks for watching! Tons of other great videos on the channel, too.

[@kevinw9073]

What I buy from Costco I can sell to my LCD when and if I want to. It is a no brainer. I buy my metals and forget about it. Silver is THE BEST value in metals so there is no stress in buying a roll. I stack both gold and silver and what COSTCO offers is fair value plus I GET $11.00 added to my year end redemption coupon.

[@kelseycurtis1546]

I have a coin shop and I will pay you spot for ASE coins. You can keep your fakes though.

[@FreeLandProspector]

Silver is trading at 24.xx today heavily manipulated but speculating it will have its day when feds print more toilet paper

[@Dub-C_Coins]

"Speculating" is the operative word. Big fan of having physical precious metals. It's when people bet the house on them that I worry.

[@Dub-C_Coins]

My problem is that I never sell. So if it goes up, goes down, stays the same? I still hold it. @@OldVetUSN72

[@lawrenceleach7993]

Thank you for your thoughts.

[@gilsgriddleandgrill]

Great points and very nice on keeping the terms simple! If you were a coin shop owner, I would be buying through you. Thanks for posting!

[@Dub-C_Coins]

Aww. Thank you so much!

[@martinfromseacity2010]

I have quite a few rolls of silver coins, always looking for more. Thanks for the info, especially the safe flips

[@Dub-C_Coins]

Check eBay for those Saflips. They run about $.25 each when you buy 100 packs.

[@zed332l]

Always Check your change, you would be amazed how much silver I got in change pre 1964 90 % silver 10% copper. after some silver until late 60's for get the year 40%.

[@budgetcoinhunter]

@@zed332l That's only for half dollars, and it goes between 1965 and 1970 inclusive.

[@ulexite-tv]

You are a good educator. This is the perfect video for new collectors.

[@Dub-C_Coins]

Hey I really appreciate that. I figured lots of non-stacker people would see these and be interested in them. A great chance to arm them with a little knowledge before they pull the trigger!

[@davidbrown4868]

Very nice information and presented in an excellent way. Very good, thank you,

[@Dub-C_Coins]

I appreciate the kind words. Thanks for watching!

[@Zaycream21]

Wow im just admiring the amount of time youve been into the space. And i am wondering if you would ever do some content for people who are curious to stepping foot into the buying n selling coins and regular bullion?

[@Dub-C_Coins]

Buying and selling is a really tricky thing to do. I sell sometimes but it took me 20 years before I felt confident enough to do it. My advice? Jump in. Use a small amount of money and see if you can turn it into a bigger amount. But success comes with hard lessons. I lost more than I gained for a couple of years.

[@Zaycream21]

@@Dub-C_Coins Thank you. That is clear solid advice.

[@horsewhisperer3708]

Very well done. Kudos Sir!

[@Dub-C_Coins]

Thanks!

[@ericmares8036]

Costco member here. Thank you for the info.

[@Dub-C_Coins]

Hope you found it useful!

[@martinfromseacity2010]

Thanks for the info

[@Dub-C_Coins]

Hey thanks for watching, @martinfromseacity2010. I appreciate it!

[@Moundcitystacker]

Great information

[@Dub-C_Coins]

Appreciate it, @Moundcitystacker!

[@coincollectingfun]

Big like number 370 and subscribed! Excellent information and thank you so much for sharing!

[@Dub-C_Coins]

Thanks for watching and subscribing! I really appreciate it. Be sure to watch the two videos premiering tonight if you have a chance!

[@ericmares8036]

I was fortunate to have a clerk who stacked coins with his father.

[@M.RInvestorChannel]

Yes, sir, you're talking about my favorite silver. ASEs!!

[@Dub-C_Coins]

LOL! I'm an equal opportunity silver hound. All silver is good silver!

[@richardfroste4548]

Costco is adding to an exit problem for bullion. We already have folks buying on line. Then, when it goes up some they take it to a local dealer to sell. Local coin shops are starting not to buy from those who don’t buy from them. They buy large amounts when it’s cheaper and don’t need your higher priced silver. ( they did buy it during the pandemic, but market circumstances can change drastically.) COSTCO is adding to this problem. The more it’s easier to buy bullion, the narrower the exit market will be.

[@Dub-C_Coins]

I agree 100%. Especially when you add completely new buyers to the mix. Gold in particular. They're dropping a lot of money on their first purchase without any advice or council, and when time comes to sell they may make poor decisions, too.

[@randy74989]

@@Dub-C_Coins Well, if you are speculating on silver bullion that's on you. Just stack silver for the future, for if the SHTF, or for your grandchildren when you are gone, like I do. It's a hobby and for the heirs. If the Fed and the US Treasury roll out CBDC, then all bets are off and "you will own nothing and be happy" (WEF). LOL

[@malgorzatamyrzha7598]

Very good presentation. 👍

[@Dub-C_Coins]

Thanks so much. Glad you liked it!

[@zed332l]

I got into silver at 4.00 Eagles... Always bought a tube of 20 every year. To give away for an act of unasked kindness.....starting in 1990's know how many I gave away.... three.

[@Dub-C_Coins]

Well heck. That was a great idea anyway. Glad you at least found three folks deserving!

[@Josephine-sm2db]

Thank you so much for the info about Costco selling coins, For them not to be accepting coin returns when they accept all other returns is very interesting and a good reason why no one should be buying coins from Costco.

[@Dub-C_Coins]

Appreciate you watching and your comment. But I don't want to be misunderstood: Costco is a quality organization to deal with. You just need to understand that they, and really anyone in the precious metals industry, doesn't take "returns". That's just the way the precious metals industry works.

[@juliegailjones6733]

Great information!! Thank you!!🙏🙏🙏🇺🇸🇺🇸🇺🇸❤❤❤ COLUMBIA SC

[@bobdbeck]

I didn't see the note that in states with sales tax you will pay that tax on the Costco purchase. I can mean quite a difference in the net cost per coin vs. spot prices. In N.J. you'll pay 7.5% additional on the silver coin costs.

[@Goldbacker00]

I enjoyed the video. What's your opinion on goldbacks?

[@Dub-C_Coins]

Thanks. I have to say I am NOT a fan of G*ldbacks.

[@Goldbacker00]

@@Dub-C_Coins fair enough - they're not everyone's cup of tea. I often recommend people towards conventional bullion if they're stacking for weight myself

[@user-lh1ss1fp5q]

Northern Nevada Coin has several locations in northern Nevada. I do business with them frequently. There is no issue there with buying ANY: gold, silver, platinum and palladium coins, bars or rounds. They have people who are trained to test and verify anything you bring them. They have equipment to count and verify any mixed composition metals. Anybody posting here about dealers not buying your Costco coin purchases can easily see for themselves that they are not fully aware of the how the precious metals and coin business in general works.

[@Dub-C_Coins]

Bought my gold 50 peso from Northern Nevada back in early 2007! Paid $860 :)

[@ibberman]

Plan for a place to store/hide them, unless you have a small amount, they get heavy quick. Can you carry them if you have to leave quickly?

[@Dub-C_Coins]

One of my biggest problems with silver. Folks don't realize until you've got some. But it is HEAVY. $10,000 in silver is as heavy and dense as a car battery. Lugging 2 or 3 of those around with you is NOT easy. That's why I am a fan of having some silver and some gold.

[@DaveEPie]

Better diversify with gold . Can walk across a mountain range with 100k of gold. Silver you are screwed. Have a exit plan to liquidate that silver if you must get up and go.

[@Dub-C_Coins]

Definitely agree that silver weighs a TON. @@DaveEPie

[@SolemnStacker]

Wonder if Costco gives employee discounts on Bullion? A friend in High School I skateboarded with still works at my local Costco (now a 25+ year employee).

[@Dub-C_Coins]

And if you could add in those credit card rebates. Might be a heck of a deal.

[@1amstel1]

No, there are no special considerations for employees.

[@poinjunho]

Why don't you ask your Costco buddy?

[@SolemnStacker]

@@poinjunho He doesn't work on their website or know inventory. He runs the Automotive Service center

[@truckinprepper8743]

Support your local LCS , if they go out business it will be harder to sell your stack at a fair price when the time comes.!

[@Dub-C_Coins]

Absolutely true. Larger variety, too.

[@KCTShark]

Cheers

[@LibertyBleeds]

Let's go! 👊😎

[@Dub-C_Coins]

👊

[@brucepyeatt5571]

I've seen some Morgans on auction that have acquired a plum color. Do you know if this is normal or they've come in contact with something?

[@Dub-C_Coins]

A great question. In my 2023 silver year in review video I show a set of fractional Libertads that are taking on a purplish tone. That tone seems to be associated with negative toning. Not artificial, but often on the road to "terminal" toning--dark and often undesirable. That seems to be reflected in pricing in my experience. I would probably avoid it unless those Morgans were in NGC or PCGS slabs.

[@brucepyeatt5571]

Thanks, I watched one of your videos where you liked a little toning. Glad you let me know.. @@Dub-C_Coins

[@Dub-C_Coins]

@@brucepyeatt5571 Definitely be doing some toning videos in twenty twenty four! I have some fantastic examples.

[@brianehrenberger356]

This has to be a membership drive idea as Cosco can only mark these up at a small fraction of what they paid unlike everything else they sell gets a huge markup some cases 100%. Also, what kind of a beating can I expect from a coin dealer when time to sell? I'm leery about selling on e-bay and I believe pawn shops only offer spot price at time of sale. One more thing lol, is there still a $1500 rule on bullion when selling for capital gains tax?

[@Dub-C_Coins]

These are definitely a very low margin item. Maybe they'll "make it up in volume"?

[@kevinw9073]

You can sell as many silver eagles as you want. You need to talk with your LCD. I did.

[@Delatta1961]

I’ve yet to find the gold or silver on the website

[@edthelorax]

Get it while you can

[@Dub-C_Coins]

Just don't get too much of it. Like everything in life: Moderation :)

[@kevinw9073]

I did.

[@ronedward3660]

Wow!! Does BJ's sell Silver Eagles??

[@davidkerins8464]

I bought 3 silver dollars and a 5oz silver bar from SD bullion last month and it was my first purchase buying silver my question is it better to buy silver american eagles in bu condition at around 30 dollars a piece or lets say Morgan or Peace silver dollars certified grade at 70 for around 300 dollars each

[@Dub-C_Coins]

Great question and one that is really hard to answer. You'll get as many answers as there are precious metals stackers and coin collectors. Ultimately it depends on what you are trying to accomplish. You might check out my playlist of videos called Conversations for Newer Silver Stackers: kzbin.info/aero/PLebJigXP2OH8-cvxnuW3vx_bn_kb26B4f

[@DaveEPie]

Stack the cheapest silver.9999 you can find. Eagles are good. Stay away from the other silver you mentioned. Imo.

[@NewToSilverGold]

Is it ok to put a label on the Silver 20 coin tube from Costo? The label would have maybe Costco order # and/or Date and purchase Price. Or does doing so cause a minor contamination which would decrease the value of the 20 coint Tube.

[@Dub-C_Coins]

Great question. So long as the label is small and kind of out of the way, it's something that has been done for decades and I don't think it will harm anything. Try to get it on the plastic tube itself and not the Costco label or mint label if there is one. Maybe consider adding it to the bottom of the tube instead?

[@livinthedream7714]

Excellent shit

[@Dub-C_Coins]

Thanks!

[@CrushHouse60]

New subscriber🎉 a bit drawn out don't you think? Video commitment done in 5 minutes

[@Dub-C_Coins]

Appreciate the subscription! I try to explain concepts rather than just shout "BUY THIS" or "SELL THAT". I want folks to have information so they can make these interesting but sometimes difficult decisions for themselves.

[@Immigrationsituation]

Hahhahha crush has gotta be a millenial or younger. I can't believe people can watch free content to learn and complain about time. Ahhahaha what a Lou zer

[@georgehorner1578]

There is all kind of opinions that go both ways on you tube, me, I will follow history and stick with precious metals, me it is silver

[@Malice_Lonewolf]

I don't agree with saying bullion coins are numismatic coins. Cool to point out the fractionality with circulated 90% (junk/constitutional) silver. It is great costco is offering these to bring more exposure of precious metals to people who otherwise would not see them. It is a bit disappointing they have a 2 tube limit but if they come mint sealed that is wonderful. I think silver Maples are a better buy vs ASEs same for gold.

[@JuanPerez-no2pb]

Do you recommend buying canadian silver?

[@Dub-C_Coins]

I like silver Canadian Maples. But I've found the obsolete circulating subsidiary coins (dimes, quarters, halves) and the purities to be confusing. So I don't personally own any of those.

[@kaynefryday6637]

I put all my 1 oz silver coins in good capsules. I keep them as pristine as humanly possible. I want the best price possible when I sell.

[@Dub-C_Coins]

That's probably the best protection. But it gets to be costly and it takes up a lot of space the larger your stack gets!

[@silversharkc4666]

Stick with .999 or .9999 fine silver. No calculation necessary when you go to sell.

[@Dub-C_Coins]

Really sound advice. Especially for the folks new to precious metals.

[@momoneyinc]

Where on Costco’s website can you buy silver or gold?

[@Dub-C_Coins]

Google "Costco Silver Eagles" or "Costco Gold Bar". Costco releases these products intermittently and they seem to sell out quickly.

[@error-jy1el]

Please post link to the silver. I can’t find it.

[@Dub-C_Coins]

You'll have to google "Costco Silver Eagles". They appear to be selling it as fast as they list it.

[@joeyboedeker2047]

What year are those ASE that Costco is selling?

[@Dub-C_Coins]

So far the only ones I've seen are 2023.

[@j.rogercavanaugh3971]

Does Costco accept PM’s at the cash register?

[@Dub-C_Coins]

I think there is a very good chance they do not!

[@mauriceorayii2964]

Like # 501! I feel like I'm late to the party. Congratulations!

[@Schmootzidootz]

Big fan of you my dude 👍

[@Dub-C_Coins]

Hey I really appreciate that. Thank you!😁

[@magerauwsome6908]

Another good video. I prefer capsules to flips as many of my Eagles (& other coins) in flips have tended to tarnish more often . Although that doesn't technically damage the coin, if not even tarnishing can damage the eye appeal of 5he coin to many buyers.

[@Dub-C_Coins]

Capsules do a much better job protecting coins. I just keep mine in the mint tubes. They seem to do a fine job protecting them.

[@magerauwsome6908]

@@Dub-C_Coins I meant compared to the Flip, cheers

[@roberthutchison8416]

Some shops charge more for tarnished and call them 'toned' I always thought that was a scam?

[@Dub-C_Coins]

Toning is legit. But it's also in the eye of the beholder. I'll be doing a video or two on toning in 2024! @@roberthutchison8416

[@1jessetaylor]

I could not find Gold bars or Slverr Eagles at Costco

[@Dub-C_Coins]

Make it a goal. Or if you can, visit a local coin shop and buy a silver quarter or silver half dollar. $3 or $5 can start you on your way if you're new, and will add up eventually if you're on your way already.

[@1jessetaylor]

I do know that Walmart sales these products. Apmex handles the sales for them.

[@marioabel3347]

Really like the Mexican videos was thinking .on a bonus clad large coin like 1 peso 10% silver Compared to the 90% Mercury or rosy dime. And the First black mexican president Vicente Guerrero on the 5 peso .and some history behind it would make some interesting thoughts behind

[@Dub-C_Coins]

Interesting comparison! The later 10% pesos contain .0514 of a troy ounce of silver, or about $1.30 in silver today. A 90% silver dime, like the mercury or Roosevelt, contains .0723 of a troy ounce, or about $1.83 in silver today. But it's my understanding that much of the silver on the pesos was in the form of a "wash", or relatively thin layer, that wore off pretty quickly. And few refineries will take the pesos. I'll consider the Guerrero info, too!

[@vktravellog1242]

I dont see it on their website. Sold out?

[@Dub-C_Coins]

It appears quickly and then is... just...gone! Google "Costco Silver Eagles". Maybe after this initial rush dies down they'll be easier to snag. And don't forget about your local coin shop if you have one!

[@kevinw9073]

I ordered today with no problem.

[@mark83915]

Which category are you searching in? Every time I look, nothing comes up.

[@Dub-C_Coins]

Google "COSTCO SILVER EAGLES".

[@mikek4896]

Weird. I could not find either. But googled it and it directed me to the site I was on with them on there now.

[@mikek4896]

Correction. Once I sign in to see price. Does not deliver to my location so says product not available. 🤷‍♂️

[@mark83915]

@@mikek4896 same thing with mine.

[@MegaHansDietrich]

I found the coins/bullion but say that Product is not Available, I tried different zip codes and none came positive. They are adv. something that they Do not have.

[@HUBERDUDE]

I’m a member of Costco and in Texas but they website says it has no products for my zip code.

[@Dub-C_Coins]

Mine too. Though to be fair, the last thing I need in 2023 is more silver! There's always 2024!

[@MoustacheTex]

Try now, they're back in stock in my area.

[@chadmartindale]

Not available in my area of California.

[@Dub-C_Coins]

I've not heard of any state restrictions. Just that they seem to sell out very, very quickly.

[@SilverWatcher.]

Walmart sells silver as well

[@Dub-C_Coins]

Walmart allows other vendors to sell on their online platform. You aren't buying from Walmart, you are buying from a 3rd party.

[@drcampbell48]

Does Costco charge a sales tax when you buy silver or gold U.S. coins? If so, is the sales tax limited to say $2,000.00?

[@Dub-C_Coins]

I believe it depends on where you are. But I've also heard that they have "accidentally" charged sales tax even where there isn't any on precious metals. Best advice? Check your local and state laws.

[@kevinw9073]

They will if YOUR state has a tax on metals. 42 states currently do NOT have a tax.

[@DaveEPie]

Yep, Depends on your state laws. I just got mine from Costco- no tax added. If you live in a state that charges TAX on bullion- make a plan to buy out of your state- or better yet Move. They will probably also try to capture tax when you sell.

[@0004612]

Communist Minnesota still charges sales tax on coins and other legal tender products. No sales tax on bars or rounds.

[@donbruhn3037]

What is. Sterling sillver

[@Dub-C_Coins]

Silver comes either pure (we call 99.9% "pure"). Or it is alloyed, or mixed, with other metals. Often copper, but sometimes nickel or other metals. That lower purity is often referred to by a name. When you have 92.5% silver and 7.5% other metal, we call that "sterling" silver.

[@kevinw9073]

.900 sterling.

[@corruptduboiscountyindiana5058]

I bought a whole case of bullion at costco and when i got it home, i opened the box and it was that chicken flavored powdered broth stuff

[@Dub-C_Coins]

You weren't the first to confuse bouillon with bullion!

[@ambivertical]

LOL niiiice joke

[@coolhandlukeful]

Value added Tax at 20 percent is added to purchase in the U.K. including Costco so adding a fifth on the purchase price plus everything you buy at Costco will be forwarded on to the U.K. government. Better to buy tinned meat rice and beans instead

[@kevinw9073]

In the States we don't have your problem. There is no such thing as "A VALUE added tax." it is pure "plunder."

[@markridenour4047]

How much over spot are the selling for at Costco ?

[@Dub-C_Coins]

Great question! From what I've seen they seem to be in the $3 to $4 range. But some people are combining them Costco Executive membership along with their Costco credit card, dropping that down to maybe $2 premium each. Again: Be VERY careful buying bullion on credit.

[@zed332l]

have a phone and membership? date time of day? call and ask friend.

[@markridenour4047]

I don't have a membership but maybe I would get one if prices are right @@zed332l

[@kevinw9073]

Mine was$5.90. My LCD was $7.00

[@user-dk1rr6lk7k]

Every time I go to check they don’t even have a page or showing that they had them in stock , seems like a scam .

[@Dub-C_Coins]

Go to google and type in "Costco Silver Eagles". Should be the first item that shows up in the search. They sell out very quickly. Maybe that will slow over time. Or check with your local coin shop.

[@kevinw9073]

I ordered mine today, and they have already been shipped.

[@Dub-C_Coins]

@kevinw9073 wow!

[@garycoover6070]

I will not buy from Costco or Walmart if they're not willing to buy back why would I want to hurt my local coin shop.

[@Dub-C_Coins]

A very thoughtful perspective! I personally agree.

[@garycoover6070]

I just wish people would stop and think 🤔

[@mawgateway]

How are you hurting your local coin shop by selling to them. They have to get their inventory from somewhere. Either it comes in over the counter from individuals or they buy it from bullion suppliers. Nobody gets hurt.

[@Dub-C_Coins]

Maybe not so much selling to them. But by not buying from them in the first place. Your local coin shop will buy and sell. Costco will only sell. @@mawgateway

[@garycoover6070]

@@mawgateway let your local coin shop explain it to you..

[@zed332l]

One oz Troy with constitutional is 1.40 cents face. 90% silver 10% copper. pre 1964...is the rule I go by. Just me.

[@Dub-C_Coins]

A stacker after my own heart! Exactly why I included 90% in this video. And kudos for mentioning the copper. It's essentially "free" and most people don't realize the value.

[@mmytacist]

legal tender? ask Robert Kahre how that worked out

[@Dub-C_Coins]

LOL! Got me there. Not so much tax evasion I'm talking about. More that it's super duper illegal to counterfeit US Currency vs. generic bars and rounds.

[@dougf2649]

Fun fact to mess with your brain. An ounce of gold weighs more than an ounce of steel but a pound of steel weighs more than a pound of gold! True fact!

[@uncleoink2881]

The problem there is probably the weight systems used here. Steel is not usually weighed in troy ounces.

[@gw10758]

MANY other places to get US Silver Eagles. Miles Franklin, SD Bullion, Local Coin Shops. Premiums are about 3-8 dollars over spot price.

[@Dub-C_Coins]

Absolutely. There are benefits to buying at Costco. But better deals are definitely out there if you take your time and do some shopping. Plus you don't have to buy full rolls!

[@nickfenk3242]

Where are the best prices?

[@Dub-C_Coins]

Easiest thing to do is check online bullion dealers, or your local shop. @@nickfenk3242

[@jeromeygrove9483]

I have a friend that works there so I just have them get it. It’s on him now L O L

[@flyne111]

They are sold out.

[@user-ib1dd9er2l]

you touched the face of the coin when you placed in holder

[@Dub-C_Coins]

Great eye! Guilty as charged. Fortunately I'd just washed my hands thoroughly, and I did it very, very lightly. I promise, no silver eagles were harmed in the making of this video! :)

[@uncleoink2881]

@@Dub-C_Coins You could also set an example for people and wear cotton gloves

[@actualsurfer]

The "Dollar" status of these coins gives us US citizens an opportunity to trade them for goods and sidestep the blown out fiat tax systems that are in place. The silver dollar is legally equivalent to a paper dollar. We are free to toggle between them at will. Accept one type of dollar as payment and pay income taxes in another.

[@Dub-C_Coins]

The IRS has ruled that is tax evasion and it can result in prosecution and prison: www.justice.gov/archive/usao/nv/news/2009/11162009.html

[@actualsurfer]

@@Dub-C_Coins That case is completely different. That gentleman was structuring his books in order to sidestep labor laws, minimum wage laws, insurance laws etc etc. He was deliberately misleading auditors by misrepresenting the number of hours his employees were working in order to pay them in denominated silver coin. Had he simply paid his workers the legally required minimum wage in silver coin he could have at least gained by taking advantage of the difference in minimum wage vs. skilled labor wage. But he did not do that. What I am talking about is selling a widget or product and contracting that price to be paid in silver coin. This has been repeatedly defended by SCOTUS. SCOTUS as recently as 2008 has stated that coin and paper dollars are equivalent under the law. Lets suppose that I make a product like a handmade, stylized high quality toy car. An object of art. The IRS cannot mandate that I charge $25 for this toy car when there are many examples of toy cars for $1 I can contract for payment in US silver coin the amount of $1. When it comes time to prepare taxes I report the sale as $1 and pay the income tax associated with that in fiat since they are legally equivalent. This is called Tax Avoidance and is perfectly legal as compared to Tax Evasion, which is not legal. The rub is when I convert these silver coins into fiat for spending into the system at large like when purchasing an item who's "value in $" is regulated. An example is Real Estate ( a matter of policy, NOT law and may change soon as SCOTUS is looking carefully at reversing the Chevron Doctrine that gives 3 letter agencies the power to write and enforce their own "Law"). One would go afoul of IRS policy if one sold a home for $2000 in gold eagles rather than the $100k appraised value. When I convert, I am required to pay a capital gains on that jump in income, no doubt. However, I dont ever need to convert them if I can continue to spend them just as my original customer for the toy car spent them...As $1 vehicles. Only these dollars enjoy a 25x increase in purchasing power. Or, I could hand them off to my children...who probably would not know the difference between an ASE that needed "conversion" and one that did not. 😉

[@darinthesecularspiritualist]

i would never buy gold because i scored high in math. i buy 75 silver and let the poor investor buy the 1 gold coin. 75 ounces of precious metals is far more valuable than 1 gold coin

[@ridgerunner9072]

85 to 1

[@Dub-C_Coins]

That's an interesting take on it. I don't really follow ratios. I'm more interested in what feels right to my particular circumstances.

[@cruxclimber0600]

known *entity

[@Dub-C_Coins]

I don't script my videos, and I don't edit them. I said what I said. known quantity noun : someone or something whose abilities or characteristics are well known

[@silverlion8314]

Costco is sold out, no products listed

[@Dub-C_Coins]

They seem to be selling out instantly.

[@kevinw9073]

I purchased today.

[@davidouellette6833]

The US is 999 pure Troy The Canadian coin is 999.9 it more pure .

[@Dub-C_Coins]

Technically true. But it's literally 1/10,000th more pure. So a speck of dust on that Canadian Maple would make it less pure than the American Silver Eagle. At that point it really doesn't matter.

[@davidouellette6833]

Yes you get a spec more HA HA

[@arrowheadhead9558]

Screw eagles. 10 ounce bars all day. Never pay over three dollars over spot. Preferably two over.

[@Dub-C_Coins]

Agree and I make the case for 10 ounce bars in my video on...10 ounce bars! But I do think there are strong reasons for a new stacker's first 10 or 20 ounces to be eagles. kzbin.info/www/bejne/pYvFc4CDl8R-m7M

[@Night_Hawk_76]

Why not just call it Constitutional Silver

[@Dub-C_Coins]

I am not a fan of that term. The US Constitution only mentions silver once, in article I, section 10, which refers to states not being able to run up debts. The same section says states can't name anyone a king or queen, or make people pirates. "90%" is the common term and one I've used for decades. It's shorter, better understood, and more accurate.

[@kevinw9073]

Constitutional silver is 90% your coins. This is NOT. it is pure .999 silver 1 oz.

[@conniechapin9278]

Isn't it illegal to melt down legal U.S. tender.

[@Dub-C_Coins]

I know it is for circulating coinage. Not sure about NCLT. Interesting question, though.

[@kevinw9073]

No, my LCD sells to smelters who purchase scrap silver, coins, ect.

[@alexanderdonnelly424]

The Chinese love to make eagles?

[@damnu8089]

$1.00 is what the u.s. well give you

[@garfield4530]

Everything is tracking.

[@billstrauss2754]

Fake eagles all over Facebook and nobody seems to care

[@Dub-C_Coins]

I've seen a whole lot of them myself. Fortunately they often seem to be pretty bad fakes. And what we don't know is how many are blocked. Could be few, but it could be a ton.

[@rogerkinard7446]

Most bullion dealers and coin shops have been inundated with people selling their American Silver Eagle bullion coins in the last six months. Silver has vastly underperformed other asset classes in the last 40-, 30-, 20-, and 10-year periods of time. I’d rather buy two USDA Choice bone-in Ribeye steaks (16 avoirdupois ounces each) at Costco.

[@Dub-C_Coins]

I totally understand your analogy. But I tend to think of precious metals as a store of wealth rather than something that will "make" me money. For that I have a balanced portfolio of interest-, dividend-, and capital gains producing vehicles.

[@daviddavey1727]

Like going to target for brain surgery! Who do you trust more?

[@FreeAmerican-mm2my]

Dollar General is cheaper.

[@davidcrawford219]

I saved $2000 by not shopping at Costco for 20 years.

[@fredrelay1052]

haha, i spend that in 6 months at costco

[@mikec4684]

It is too bad that Costco doesn't sell them singly. Or you could grab a couple on the weekend when you're getting household goods like I do at Walmart with bullets. A box every week adds up quickly

[@Dub-C_Coins]

Right? I think that would be pretty cool.

[@trepaning]

have you heard "A Song of Silver Stacking"? kzbin.infoaZPuatDh9oA

[@Dub-C_Coins]

That's actually really good, @trepaning. Pop punk isn't exactly my thing (I'm much more hardcore), but I'm hearing a bit of Paramore and maybe a little Foo Fighters. Well done!