Since I m a new collector and my son and I started to spend some quality time together, I feel I can answer your questions with ease. First of all, make sure before you start buying more expensive coins you do research and learn what you are buying so you dont get taken advantage of. As they say, buy the book before you buy the coin. Second, you can have a lot of fun and spend some great time together by roll searching and pulling the best coins from circulation. Your investment is very minimal and you can take back the coins you dont use. If you do that, you dont need a ver expensive album. The whitman albums will do you just fine. Lastly, dont get to big to quick. If you start to many collections at once, you will become overwhelmed with all the info out there and soon you our your nephues will looss interest. A collection can be anything you want it to be. It can be all one type of coin or you can mix and match. For example, you can do a year set from any type of coin. As long as you have a coin from each year, you have your collection and that opens a lot of avenues for you so it does not get to expensive. LAst word of advise, collect what you like and want to collect and not what some one tells you to collect. That is what makes it fun, the diversity of collecting. Hope this helps and good luck with your collection