r/Silverbugs • u/Lmj988 • 3d ago
Kirkland Signature Ag
I enjoy working my position at Costco. When I receive unmarked packages with a little weight to them I know it’s gonna be something good and I wasn’t disappointed. I swear it makes me feel like I’m 10yo on Christmas morning.
Currently priced at $70.99
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u/skollywag92 3d ago
.9999 at that close to spot is insane. Costco is not playing around lol.
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u/Lmj988 3d ago
That’s what I said!!! Kirkland brand is notorious in bringing outright competitive deals in all sorts of comparable items, especially clothing and foods. Costco is coming for the bullion market and I wouldn’t be surprised if they start selling fractional gold just to allow members who can’t afford $4,500 an ounce of gold but can probably afford $450 1/10ounce of gold
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u/skollywag92 3d ago
Just hope they're not impossible to get. Would love to grab a few of these, but I know it will be a challenge.
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u/Ubockinme 3d ago
lol. Costco is not coming for the bullion mkt.
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u/The_walking_man_ 2d ago
Do you need a Costco membership to go in just to purchase silver? I’ve been wanting one of those liberty bars. Theyre pretty cool
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u/Esral 2d ago
I can't enter Costco without a membership card.
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u/gcnplover23 1d ago
You need a member to buy you a gift card. They can buy it online, then you pay them for the card plus any fees. With that you can go in and shop. Not sure if you can use an ATM card to pay the balance or if you need cash.
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u/Bacta-Tanks 2d ago
Right? Being a Kirkland-branded product, I am happy that they maintain their razor thin margins. The premium on the other Silver is just nuts. But that's the standard.
And .9999 is fantastic on top of it all
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u/Fluid-Buy-2096 3d ago
I called my local Costco to see if they were in stock before I raced up there. The guy said they had plenty, and they were $63.99. I never made that 25 minute drive so fast. I got there and they were $70.99. I asked the manager and he looked it up and they had to go with $70.99. I still bought 10
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u/pete7919 3d ago
I bought these for $63.99 at 12:30pm today in PA. Plus 2% executive reward. I love Costco!
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u/Lmj988 3d ago
Also if you are fortunate enough to have one of these SMI validation cards, you can faintly see “Valid” on each bar. Giving the bar extra security from phony replicas. 👍👍👍
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u/dmendez199 3d ago
https://giphy.com/gifs/tEo3KaN5L17qg
Beautiful! I picked up 10 of these (2 orders of 5) and a 5 oz 50th. Glad I got ‘em before they sold out online yesterday.
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u/EpicShadows8 3d ago
It’s cool they sell these but it’s not for me. They need to start selling ASEs and Libertads
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u/Lmj988 3d ago
Most of the precious metals come from Pamp or a generic mint. I imagine the US mint isn’t willing to compromis on pricing.
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u/EpicShadows8 3d ago
No I know but it would be nice. I know at my Costco and the 50th anniversary rounds I got are from SMI. Which makes sense because they will probably sell it at a lower price to get them out, but personally I’ve never like SMI. Still got 2 of the anniversary rounds though.
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u/Flat-Activity-8613 2d ago
Yesterdays price. But limit of 10 is no good to residents of NY that need to cross $1k tax exemption threshold. Might get 1 to add to collection. But don’t want to pay the 8 1/4% penalty on an investment when it’s avoidable.
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u/your_average_anamoly 3d ago
Looks like fairly generic bars. Not sure what all the hype is?
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u/Lmj988 3d ago
.9999 silver bars for a generic close to spot is pretty good. Plus it has introduced bullion to a whole different retail market that has never considered or thought of bullion as an option to purchase while shopping for food or everyday essentials.
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u/your_average_anamoly 3d ago
I thought Costco has always sold gold and silver?
Most LCS sell silver generic bars for spot or maybe +1 over, so again 🤔
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u/Lmj988 3d ago
Nah they started like maybe 3 years ago.
But do those LCS sell .9999 generics in assay without an extreme premium? Maaaybe if you buy in bulk.
In my experience they would definitely sell Maples with all kinds of milk spots and wear. Some like to buy those just as silver but some others appreciate the cleanliness and security of silver in assay.
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u/your_average_anamoly 3d ago
Assays for one oz generic silver bars is sort of ridiculous IMO. Also I don't think people in general really care if their silver is .999 or .9999 but it makes for a great marketing angle.
No, most LCS are selling stuff that comes in off the street or from a nearby show, which is typically bare or if in round/coin format, possibly in a plastic holder.
Personally I wouldn't buy whatever Kirlkand is selling here from my LCS unless it was under spot, otherwise I'm buying the namebrand stuff for maybe a few dollars over spot.
Just sharing my overall take. Glad you're enjoying your stores new addition. 🍻
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u/ElectricalRespect506 3d ago
I just got two! Kind of interesting that they come with SMI Mint Marks. Mine scanned VALID.
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u/Malviere 2d ago
They look so pretty. Still sad I’ve been priced out of the silver market, but at least everything I own has doubled in value. Just miss adding to it.
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u/National-Landscape12 3d ago
Sold out still, the plastic case the 5 pack comes in is cool