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<p>[QUOTE=&quot;-jeffB, post: 26609445, member: 27832&quot;]Back in 2011, I was still active on eBay, and I was <i>raptly</i> watching PM prices. Someone started listing 1976 Canadian 92.5% silver Olympic commems with a BIN well below melt. I snatched them all up - 12 $5 coins (0.7227oz ASW), 6 $10 coins (1.4453oz ASW), at $21 each for the $5s (effective silver price $29.06) and $35 each for the $10s (effective silver price $24.21). Silver had set a new record above $48 the week before, and dropped to $34.20 the Friday before the weekend that I bought these.</p><p><br /></p><p>There were two important things I didn&#039;t realize at the time:</p><p><br /></p><p>1) When you&#039;re dealing with non-US coins in the US, and when you&#039;re dealing with sterling (.925) in the US, you can expect them to trade <i>well</i> below melt.</p><p><br /></p><p>2) Silver was going to go down a <i>lot</i> further, and stay down for a <i>long</i> time. In the chart below, the crosshairs show about where and when I bought these.</p><p><br /></p><p>[ATTACH=full]1696220[/ATTACH]</p><p><br /></p><p>If I tried to sell them now, I could certainly double my money, but I&#039;d have trouble tripling it - even though silver now is close to triple the effective price I paid.</p><p><br /></p><p>And honestly, a 100% or even 200% return over <b>14 years</b> is nothing to brag about. For the same 400-odd dollars, 5 shares of Apple stock wouldn&#039;t have been as pretty to look at, but it also wouldn&#039;t have been taking up closet space -- and today after splits it would be 140 shares, worth $38,000+.</p><p><br /></p><p>Not counting dividends -- those would have added up to... heh, somewhere between $1500 and $2000, right about the <i>current</i> value of the silver in this lot.</p><p><br /></p><p>Hmm. Wonder if anybody would be interested in taking some Canadian silver in payment for some stocks? Should buy me about... 5 shares of Apple. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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