Sir Kaiser, looking back, it reminded me of purchasing my first American Silver Eagle Proof coin, the 1993-P $1 SAE Proof, 30 years ago at the U.S. Mint Coin Store in Washington, DC.

The first 20 years – 1986 to 2005 US Mint prices for American Eagle Silver Proof Coins and the average yearly price of Silver per ounce:

1986: coin price = $21.00 silver price = $5.47
1987: coin price = $23.00 silver price = $7.01
1988: coin price = $23.00 silver price = $6.53
1989: coin price = $23.00 silver price = $5.51
1990: coin price = $23.00 silver price = $4.83
1991: coin price = $23.00 silver price = $4.05
1992: coin price = $23.00 silver price = $3.95
1993: coin price = $23.00 silver price = $4.31
1994: coin price = $23.00 silver price = $5.28
1995: coin price = $23.00 silver price = $5.20
1996: coin price = $23.00 silver price = $5.20
1997: coin price = $23.00 silver price = $4.91
1998: coin price = $24.00 silver price = $5.55
1999: coin price = $24.00 silver price = $5.22
2000: coin price = $24.00 silver price = $4.95
2001: coin price = $24.00 silver price = $4.37
2002: coin price = $24.00 silver price = $4.60
2003: coin price = $24.00 silver price = $4.88
2004: coin price = $27.95 silver price = $6.77
2005: coin price = $27.95 silver price = $7.32

It is worth noting that the Mint’s price for the 1 ounce Silver American Eagle Proof coin has been approximately 4 times the price of silver per ounce, similar to the current pricing today of $80.00 for the 2023 ASE Proof with the price of Silver around $21.00 per ounce.