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<p>[QUOTE="Cringely, post: 2094910, member: 22271"]Even though he's 19, he could start saving up for a choice coin. For example, say he likes Indian Heads, he could save up enough to buy a MS-63 1908-S IH (Red Book listed at $400). It might take a year, but it would be a start. What he might want to do is to look at a few different series, etc. to collect, examine the cost(s) of the key dates, consider his budget for the next few years and then choose what to collect.</p><p>Granted his collection might only be a few coins in the next couple of years, but he will have some killer coins that will be the nucleus of a much larger (and much more valuable) collection a decade from now.</p><p>Last Comment: after he decides what to collect, his first investment should be the best books available on that series.</p><p><br /></p><p>PostScript, I absolutely agree with tommyc03 that he should start an investment portfolio ASAP. If he is working, he have a 401k (or whatever equivalent is offered) and max that out every year. After that, then the coin collecting hobby can be pursued[/QUOTE]</p><p><br /></p>
[QUOTE="Cringely, post: 2094910, member: 22271"]Even though he's 19, he could start saving up for a choice coin. For example, say he likes Indian Heads, he could save up enough to buy a MS-63 1908-S IH (Red Book listed at $400). It might take a year, but it would be a start. What he might want to do is to look at a few different series, etc. to collect, examine the cost(s) of the key dates, consider his budget for the next few years and then choose what to collect. Granted his collection might only be a few coins in the next couple of years, but he will have some killer coins that will be the nucleus of a much larger (and much more valuable) collection a decade from now. Last Comment: after he decides what to collect, his first investment should be the best books available on that series. PostScript, I absolutely agree with tommyc03 that he should start an investment portfolio ASAP. If he is working, he have a 401k (or whatever equivalent is offered) and max that out every year. After that, then the coin collecting hobby can be pursued[/QUOTE]
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