Just looking for advice

I wonder what direction the us mint will go for young collectors; very interesting and probably a smart move on their end.

There are so many options out there for collecting.. obviously I am rank amateur so lots to learn!!

 

Log in or Sign up to hide this ad.

I like the birthday/Christmas route!
Let me ask you all this... When I say I don't want to spend and arm and a leg on a coin I guess I should she'd some light on what that means. I guess for her little collection I have no problem with spending let's say $50 or $60 on a coin. That being said, I don't want to buy something that will lose a ton of value , I understand there are premiums on the coins she tends to like (but I like then as well lol). Let say once a month I would purchase one of these higher premium 1 oz silver coins... Is there a particular coin that I should flat out avoid or flipping the script, gravitate towards??
We do love the eagles, but she's 8 and she will lose interest without variety. Thanks!!!

 

Since it appears that we are talking mainly about silver coins, you want to stay as close to melt (value of the metal it is made out of) as possible. Silver Eagles and other government issued coins have a higher premium than 'silver rounds', but that is usually negated when it comes time to sell, as you will get roughly the same premium back.

As someone suggested, how about Franklin halves? Or Walking Liberty halves? Mercury dimes? 20th century type set (one of each denomination, and each style of denomination)?

 

I think that is prob a great idea and starting point!!! I appreciate it!

 

Any of the big bullion dealers online, like JM Bullion, Apmex, Provident Metals. Do some comparison shopping. Then you can compare pricing on eBay with companies that have a lot of sales and good feedback - sometimes they sell items at a good price as a loss-leader as advertising. Some of the older issues have bigger premiums. Another one I really like are the high-relief Queen's Beast pieces. They come in 2 oz. size and are quite beautiful.

Have fun, be careful, study and learn!

 

To keep her interested, you can secretly buy a set of the State or ATB quarters, and 'seed' your pocket change with the coins. She will get the thrill of the hunt, and it won't be that expensive. You can do this while doing a more expensive collection, as it can allow more time between more expensive purchases.

Also, kids like to touch stuff, so being able to hold the less expensive/common coins allows for this, and when they get the more expensive coins, it helps to teach them to be careful when handling coins.

 

Those are fantastic! I have had my eye on the Queen's beasts... Such great feedback!!!!

 

There are several folks here that have built quite a bond with their kids over coins. Maybe @Mark Metzger and his awesome kid can offer some insight.

 

The type set is an excellent idea.

 

My son and I have had a blast over the past couple years. He's only 8 but is pretty passionate about coins. I've just tried to let him lead the way with his interests. He's moved from liking world coins to liking error coins to trying to fill a wheat cent book to his current passion, a 7070 type set album. I think his favorite thing to do is sort through mixed lots of old world and u.s. coins. He loves the excitement and mystery if the dig. We have learned so much and he knows more history and geography than any other 8 year old I know...which isn't saying much, I know.
Enjoy the experience!

 

I love it!!! My daughter, also 8 a few months ago started sorting coins on her own in her room. Then saw her on YouTube watching a video about coins! Since then we have been learning together and enjoying the experience!
Again, thsi whole thread has been a great help!!!

 

My son just walked in the room and said "Mom, can I have a pen? I'm doing a numismatic word search".
You can't make this stuff up.

 

That's great!!!

 

Consider the world of ancient coins. You can get a wide variety of ancient coins for a lot less money than a Morgan dollar and you can experience the feel of holding a coin from antiquity in your hands -- you don't have to use gloves or slab them.

Look at what $21-$40 will get you.

 

Wow!! That's a great idea! I never would have guessed that kind of price range