Silver Rises Over 120% YTD 
Costco sells you a gold bar and stops there. GoldSilver gives you the option to sell it back to us or store it in an insured vault.
- Costco doesn’t buy back, store or insure gold, and has no IRA option. GoldSilver buys your Costco gold: free estimate first, competing dealer bids, paid by check or wire.
- For gold kept at home, a homeowners policy may cover only $200–$1,000 of bullion; a GoldSilver vault insures the full value, with fees starting at 0.06% of total holdings value per month.
- Not ready to sell? Mail your Costco gold to a GoldSilver vault; it will be held in your name, and you can sell it from your account 24/7.
Own Costco gold or silver? Start with the hub: what yours is worth, and how to sell it. Costco Gold Hub →
Costco sells you a gold bar, and the relationship ends when FedEx drops it off. Selling, storage, insurance and IRAs are left to you. GoldSilver buys your gold back, and also stores and insures it; we also offer IRAs.
What you get after you buy
| Costco | GoldSilver | |
|---|---|---|
| Sell | ✕ No buyback; gold is non-refundable (Costco.com) | ✓ We bid your metal out to competing dealers; vaulted metal can be sold 24/7 |
| Store | ✕ Ships to your door; storage is not available (Costco.com) | ✓ Insured Class 3 vaults run by partners including Brinks, Loomis and Malca-Amit |
| Insure | ✕ Homeowners policies often cover bullion only up to $200–$1,000 (Rough Notes) | ✓ Vaulted metal is insured for its full value |
| IRA | ✕ No IRA option (CNBC Select) | ✓ IRA-eligible bars through partner custodians |
| Buy | ✕ Members only; often sold out; 4 units per 24 hours on the current 1 oz listing (Costco.com) | ✓ Every day, no membership required; bars from PAMP, Rand and other refiners are always in stock |
Sources: Costco.com; CNBC Select; Rough Notes; GoldSilver, Vault Storage and Sell to Us.
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Selling: Costco won’t buy it back
Costco doesn’t buy gold back, and its gold is non-refundable. GoldSilver will buy it or store it in a vault for you. Get a free estimate online or at (888) 491-7087; we bid your metal out to competing dealers before you ship, send a prepaid, fully insured label, authenticate it on arrival and pay by check or wire.
How to sell your Costco gold →
Free estimate before you ship. Cash out by check or wire, or vault it and sell later. Sell bars and coins bought from Costco, or anywhere else.
Get an estimate Or call (888) 491-7087
Storage: Where does your gold live?
Most Costco buyers keep bars at home. It’s free, but homeowners policies cap bullion, coins and cash at a low “special limit”: $200 on the 1991 standard ISO form, and $200 to $1,000 across one agency’s carriers. Many policies apply your deductible too.
A bank safe deposit box is secure, but its contents aren’t covered by FDIC insurance.
0.06% of total value of holdings per month, $4 minimum.
For the value of your metal.
Held in your name, not pooled.
Sell from your account any time.
You can mail in and store gold purchased from anywhere, including Costco; once it passes testing, it’s held in allocated storage in your name. From your account you can sell, move metal between vaults or have it shipped back to you.
Storing and insuring Costco gold: every option compared →
Retirement accounts: Costco can’t help
Costco’s bars meet the IRS purity standard, but gold delivered to your home can’t be moved into an IRA. IRA gold must be bought through a custodian and held in an approved depository. One route: sell your Costco bars to GoldSilver and contribute the cash, or buy IRA-eligible bars through our partner custodians, shipped straight to the depository.
Can you put Costco gold in an IRA? →
Buying more: Any day, no membership required
Costco’s markup on 1 oz bars has been low when it has stock. But listings often sell out within hours and purchases are limited. GoldSilver sells 1 oz bars from PAMP, Rand and other refiners every day, with no membership required, and you choose insured delivery or vault storage at checkout.
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People frequently ask
Does Costco buy back gold?
No. Costco only sells bullion. GoldSilver buys Costco gold bars and coins: get a free estimate before you ship.
Is my Costco gold insured at home?
Most home insurance policies cover only part of it, often up to $200–$1,000. In a GoldSilver vault it’s fully insured for its value; at home, you’d need a scheduled rider on your policy.
Can I store Costco gold with GoldSilver?
Yes, for 0.06% of its value per month, $4 minimum.
Is Costco gold cheaper than GoldSilver?
Costco’s markup is low when it has stock, but it limits purchases, often sells out and offers no buyback, storage or IRA option. GoldSilver bids each order out to its dealer network for the lowest premium available at that moment.
SOURCES
1. Costco.com — 1 oz Gold Bar PAMP Suisse Lady of Justice listing (checked October 20, 2026)
2. CNBC Select — How to buy gold from Costco (updated March 2, 2026)
3. Fortune (Bloomberg) — Costco gold bars fly off shelves (October 8, 2024)
4. Property Insurance Coverage Law — ISO homeowners special limits
5. Rough Notes — Homeowners special limits of liability
6. FDIC — Five things to know about safe deposit boxes
7. GoldSilver — Vault Storage
8. GoldSilver — Sell to Us
9. GoldSilver — Precious metals IRA
GoldSilver is not affiliated with Costco Wholesale. General information, not investment, tax or legal advice. Prices and Costco’s products and terms change; check live prices and the current listing before you buy or sell.
Sell it to GoldSilver: free estimate before you ship. Or vault it, fully insured, from 0.06% of its value per month.
