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<p>[QUOTE=&quot;dave92029, post: 978401, member: 26916&quot;]22+ years ago I purchased some Calgary Olympic Silver proof US $1 &amp; Canadian $20 one ounce coins. At the time I just assumed that purchasing a Silver one ounce proof coin, purchased from a US and Canadian Mint would be a safe investment. I recently did some internet research, and found that these proof coins, if I&#039;m lucky, may fetch melt value today. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>The Spot price of Silver in 1988 was $6.532437, so after a 300% increase in silver, these 22 YO Proof coins have declined, from an original cost of $38 to $20.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>I now realize that the US and Canadian mints charged nearly 600% over the metal cost for these proof coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Originally, I had thought that these might be a nice gift to give to my future grandchildren. Now, I&#039;m too embarrassed by their financial performance, to let my current grandchildren know what a sucker I was in 1988. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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