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<p>[QUOTE="adric22, post: 1608298, member: 38146"]Thanks for all of the suggestions. I was unfamiliar with those 1 Peso coins.. but I have to admit, they sure are ugly. So far the idea I like the best is going with Canadian silver dimes. I hadn't thought of that, even though I believe I own a few of those somewhere. </p><p><br /></p><p>Also I don't believe the smaller gram and 1/10 ounce bullion coins are a bad investment as long as they are bought in bulk to save on shipping. And for a while, that is exactly what I was doing. I would buy 10 or 20 at a time. Yes, I realize that each coin has a higher premium over spot. But that only matters if you are selling them to a smelter. If you sell them on eBay, craigslist, etc, then the premium is regained at that point. All of the copper bullion coins are in pretty much the exact same situation right now. They are worth what somebody else is willing to pay, which at the moment is above melt value.</p><p><br /></p><p>An yes, the purpose of this exercise was to teach the kids about investment and inflation. However, it isn't going so well right now. My 9 year old may or may not grasp the concept. The younger (adopted) child is 6 and definitely doesn't grasp it. But I believe that in time they will. I think my 9 year old already has about $150 worth of silver. When she gets a bit older hopefully it will make more sense to her.</p><p><br /></p><p>I'm going to look into getting some more Canadian dimes and maybe even quarters. So after they have 3 dimes I could trade them for a quarter or something like that. Hopefully i won't have to worry about them trying to spend them at the store.[/QUOTE]</p><p><br /></p>
[QUOTE="adric22, post: 1608298, member: 38146"]Thanks for all of the suggestions. I was unfamiliar with those 1 Peso coins.. but I have to admit, they sure are ugly. So far the idea I like the best is going with Canadian silver dimes. I hadn't thought of that, even though I believe I own a few of those somewhere. Also I don't believe the smaller gram and 1/10 ounce bullion coins are a bad investment as long as they are bought in bulk to save on shipping. And for a while, that is exactly what I was doing. I would buy 10 or 20 at a time. Yes, I realize that each coin has a higher premium over spot. But that only matters if you are selling them to a smelter. If you sell them on eBay, craigslist, etc, then the premium is regained at that point. All of the copper bullion coins are in pretty much the exact same situation right now. They are worth what somebody else is willing to pay, which at the moment is above melt value. An yes, the purpose of this exercise was to teach the kids about investment and inflation. However, it isn't going so well right now. My 9 year old may or may not grasp the concept. The younger (adopted) child is 6 and definitely doesn't grasp it. But I believe that in time they will. I think my 9 year old already has about $150 worth of silver. When she gets a bit older hopefully it will make more sense to her. I'm going to look into getting some more Canadian dimes and maybe even quarters. So after they have 3 dimes I could trade them for a quarter or something like that. Hopefully i won't have to worry about them trying to spend them at the store.[/QUOTE]
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