Costco says it sold more than $100 million in gold bars

Costco says more than $100 million in gold bars were sold from September through the end of November.

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Costco Chief Financial Officer Richard Galanti told analysts during the company’s earnings Thursday that the company sold more than $100 million of gold bars in its fiscal first quarter, according to CNBC. The first fiscal quarter ended on Nov. 26.

Galanti said in September that the 1-ounce gold bars sell out in hours on Costco’s website, CNBC reported.

During the fall, the bars cost between $1,950 and $1,980, according to CBS News.

On Friday, they were selling for $2,069.99 an ounce, according to CNN. There is also a limit on the gold bars -- two per Costco membership.

Costco’s website said that the gold bars come “in a sealed black assay card” and are “individually stamped with a unique serial number,” according to CNN. They are also non-refundable.

The bars are currently out of stock, CBS News reported.

More information about Costco’s gold bars can be found on its website. To see the updated price or to make a purchase, you must sign in with your membership.