Daughter advise

Hi Elizabeth !


I suggest an NGC or PCGS graded (XF or higher) 1921 Peace Dollar.
I'd think a 7 yr old girl would like big silver.
They like gold, too.
But, $100 worth of gold would be too small and easy to lose.

Good Luck to you.

 

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I won't suggest a coin.

If your daughter already has this much discipline I WILL say this. SHE'S A GENIUS!

Let her do some reading, look at suggestions, decide what she likes.

You GO Elizabeth!

clembo

 

thanks everybody, just to update. Elizabeths decision is to try to purchase the highest grade Morgan that she can with her money. My wife and I have decided to match what she recieved from Grandpa. She has decided to save that amount until this summer when we are schedualed for a trip to U-Dig fossils in Utah. I have to say she is very impressed with everyones advice and has printed it out to take to school so she can show all her friends that she is a coin collector.
On a personal note. Thanks so much all of you made a seven year old feel very good and a little grown up. and I know I'm prejudiced but I think she is very smart also

 

Good luck to both of you.

 

Yes - Good Luck to you both! I'm glad you went with the Morgan, it's a great coin that has many qualities that collectors enjoy. If you have the opportunity, I hope you take GDJMSP (Doug) up on his offer. He can give you professional unbiased guidance like we all wish we had when we buy high end coins. Once you have that first coin, it will be hard not to want another!

Best Wishes

Darryl

 

I agree with silvrluvr, a tenth oz gold piece would be the way to go.

 

Buy something common in a high grade, not rare in a trash grade.

 

GDJMSP is one I would call an expert, very knowledgable and helpful, and if I were you I wouldn't think twice on taking him on his offer. He will most likely help you pick out the best Morgan you can get for your money. :thumb: Best of luck, and please post pics of it when you purchase it. :thumb:

 

I would like to recommend a Civil War token as a possibility. Prices for most have doubled or more in the past year, and I suspect values will continue to rapidly climb as the 150th anniversary approaches, so the investment aspect holds good promise for some time to come. These would offer the added option of a variety of topics that she may be interested in. Kanzinger lists over 400 specific topics for Civil War token issues, many with a graphic depiction of what they sell. There are many topics of interest that regular coinage can not touch. Just to mention a short list that may hold some appeal for a young lass : artist, bakers, books, candles, shoes, clothing, fairs, fireworks (OK, that one appeals to me), fishing, hats, horses, ice cream, jewellry, music, painting, skating, soda water, toys, trains, etc. etc.

It is also a possibility that a token could have been issued with her last name on it, which I think is kinda special (my avatar is such an example for me, and was issued by a relative during the Civil War - R9 - 2 to 4 known, lists for $100 in unc). The majority of cwt varietiess are true rarities, most with single or double digit known populations, yet many nice and even uncirculated examples can be easily purchased with the funds Elizabeth has available. Another nice thing is that "problems" are really not much of a problem. Even poorly holed cwts have considerable demand due to their scarcity and on average are valued about 15% less than a problem free example. I would be glad to assist you with providing any additional information or advice if this would have any interest to her.

Much good (and varied) advice has been given, and I also agree that it should be something that appeals to her.

 

Go for the US Mint's new $5 (I think) gold coin! Goes for about $100 on the TV ad. That's where my next hundred dollar bill is going! You can't go wrong with the gold!

 

I'd go for a Pillar - a "Piece of Eight" that's maybe not the finest grade but still holds detail that's pleasing. The Idea is that as time goes on you may, from time to time, take out the coin and actually HOLD it without fear of reducing it from a MQ99 to a OOPS10. The one thing I really dislike about collecting is the climb to perfection and, because of it, having to keep coins protected, never touching them with your skin and feeling them.

(Most of my MSxx are bullion coins - ASEs. If I do buy an UNC I try to get a regular type VG-F as well that I may touch sometimes.)

 

I understand that a decision has been made to purchase a Morgan. All I can suggest regarding which one is to say that a coin that can be related, at least time-wise, to a historical event (numismatically related or not) will retain or even enhance appreciation of the piece over time. I think this is particuarily important for YNs who are still learning new exciting things in school every day.

 

except, say away from the TV.
Go to a regular coin dealer.
Some of them are even members of CT.

 

i'd buy her some gold too becuase it is always going up in price. welcome to the forum! :kewl: