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Costco Doesn't Buy Back Gold, But Endeavor Metals Group Does

09-23-2025 02:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Endeavor Metals

A pile of gold bars and coins of various sizes

A pile of gold bars and coins of various sizes

Palm Beach, Florida - September 23, 2025. Endeavor Metals Group now offers Costco gold and silver purchasers the opportunity to sell their gold and silver back to Endeavor Metals - an option not currently available through Costco - demonstrating Endeavor Metals' commitment to putting their clients first and helping them secure their financial futures.

Costco sold record quantities of silver and gold bars in 2025, with gold reaching a historic peak in September. In mid-September, Costco regularly sold out its gold bars, reflecting growing investor interest in precious metals amid concerns about inflation coupled with geopolitical tensions. The price of gold had soared from below $2,000 in October 2023, when one-ounce gold bars were first sold at Costco, to over $3,700 an ounce by September 2025. However, unlike traditional precious metal dealers, Costco offers no way for customers to sell their silver and gold back to take advantage of market gains.

Endeavor Metals Group is now making this possible through their buyback service, where it actively buys silver and gold coins and bars originally bought from Costco. The company offers no-obligation, complimentary appraisals and clear-cut estimates for precious metal sellers interested in maximizing their profits amid these assets' rising prices.

"Costco's sale of gold bars has created a significant buzz in our industry. It's impressive when one company can sell millions of dollars' worth of bullion each month. But it's important to understand: once those bars are sold, Costco does not buy them back or accept returns. That's where Endeavor Metals Group comes in; we are here to serve those who acquired metals via Costco (or elsewhere) and now need a trusted partner to help them sell their gold at fair value and with integrity," explains Nicholas Ganesh, Chief Operating Officer of Endeavor Metals Group.

As part of its buyback program, Endeavor Metals covers the insured shipping cost for every transaction. Sellers immediately receive payment once their metals have been authenticated. The company serves customers across the United States and can handle any size transaction, from single bars to bulk sales.

According to Endeavor Metals, now is an excellent time to sell silver and gold since they were trading at over $42 per ounce and $3,600 per ounce, respectively, in mid-September - levels not witnessed in more than a decade. One reason for the surge is that ongoing unrest in the Middle East and Eastern Europe is pushing investors toward silver and gold, inflating prices. The United States Federal Reserve also recently slashed the interest rate, which typically increases silver and gold prices.

Endeavor Metals, which sells precious metals and provides brokerage services, encourages gold and silver owners to contact Endeavor's precious metals specialists to learn more about the company's buyback program and the best investment solutions available in today's shifting economic landscape.

Endeavor Metals Website: https://www.edrmetals.com/
Contact page: https://www.edrmetals.com/contact-us

Endeavor Metals
1913 S. Dixie Hwy, West Palm Beach, FL 33401, USA
Renee Dai
renee@edrmetals.com

Founded in 2013, Endeavor Metals Group brings together more than 50 years of combined in-house experience in the precious metals industry. We are an A+ rated and BBB-accredited business, as well as proud members of the National Coin & Bullion Association (NCBA). Our reputation is reflected in consistent 5-star ratings on Google and Consumer Affairs. We are authorized dealers for PCGS and NGC, two of the largest independent coin grading agencies. Lastly, we are bullion dealers for some of the world's largest mints, including the U.S. Mint, Royal Canadian Mint, and Perth Mint. We are committed to offering clients trusted expertise, integrity, and quality service.

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