After successfully selling over $100 million worth of gold bars, Costco has now added platinum bars to its product lineup. The 1-ounce platinum bar is priced at approximately $1,089, which is slightly higher than the current market price of platinum, which hovers around $998 per ounce. Produced by PAMP Suisse, the same manufacturer behind Costco’s gold bars, the platinum bar features an engraving of Fortuna, the Roman goddess symbolizing fortune and luck.
Costco’s platinum bars are exclusively available online to members, similar to how the gold bars were initially sold. Some reports have surfaced of gold bars appearing in Costco stores, as shared by a Reddit user who spotted one in a California location. However, platinum bars are limited to one order per member, with a maximum of five bars per purchase.
Like Costco’s gold bars, these platinum bars are nonrefundable. Although some buyers have experienced stock shortages, the bars are still available for purchase. Shipping restrictions apply to Nevada, Louisiana, and Puerto Rico.
Costco’s success in selling precious metals has even prompted Walmart to list gold and platinum bars on its website. Despite the seemingly low margins, offering these items generates excitement and publicity for Costco, according to Ivan Feinseth, an analyst at Tigress Financial Partners.