Many people how to start a collection of coins for their children or grandchildren, as some sort of investment for them. These collections are typically held by his father or grandfather on behalf of the child, with intent to give them the baby at a certain age, or as an inheritance, though sometimes coins are given directly to children.
Before you start collecting coins on behalf of your children, you should take a moment to consider a couple of points. First of all, as all investments, collecting coins costs money, you must then determine how much you can afford to spend each year for this. Secondly, you must decide what is the ultimate goal of this collection. Are these coins will help put your child through college, or are they just meant to be a nice gift that hopefully has some future value greater? Is this numismatic collection, understood as a monetary investment to be cashed in a day, or means for coins to become family heirlooms that will be transmitted through the years? Or maybe the hope is that the child will take over the coin collecting hobby in a day. Depending on what are your goals and what is your budget, you will want to buy various types of coins.
For the sake of this discussion, we believe will be a small budget between $ 50 and $ 100 a year. This is the kind of collection where you buy something at Christmas and birthday of the child and usually does not at any other time. The gifts of currency typical of this type are the series of national Mint, as uncirculated coin sets of the United States Mint's annual, or yearly test set. These collections typically cost less than $ 25 for uncirculated and less than $ 40 per trial. Silver proof set fancier run $ 50 and up.Another popular type US Mint coin investment for the person with a limited budget is the silver Eagle of US. This is a full ounce silver bullion coins which are generally sold for a few dollars versus the price of spot silver. Make a large investment, if you think will be going to silver price. Although the Mint US sells proof Silver Eagles and specially marked with Mint Silver Eagles directly to collectors through the website of u.s. Mint, you will need to buy the Silver Eagles "generic" from a reseller of currency or ingots. You will also find online auction sites like eBay to sites of dealers. I highly recommend that you buy the generic Silver Eagles if you are investing and types of evidence if you buy memorabilia.
If your primary goal is the hope that the child one day will have an interest in collecting coins, your purchases are best not mint sets offered by the Mint of the United States, but rather unsearched or "bulk mixed" a lot of old US coins. For example, you can buy rolls of 20 cents wheat mixed diffusion, multiple Coin folders Whitman Cent wheat to put coins. When your child is old enough, start by giving them the stash accumulated, a little at a time and see if you are developing an interest. Sit down with him and he demonstrates how to examine every coin and position it correctly.Types of currency good to accumulate for this type of effort include cents wheat, Jefferson Nickels, Buffalo Nickels, Indian Head cents, Mercury Dimes and pre-1965 Roosevelt Dimes. Once you start collecting silver quarters, halves and dollars, you're always in coins expensive crossing the line from "a collection of goodwill for a child" to "quality of investment coins". Any types of currency you buy, make sure to buy coins folders or albums so young has somewhere to display all its "find" once he Sorts through the coils.
If you are ready to begin with a child who wants to start a collection of coins now, check out my article on how to start a collection of coins to $ 4. This article explains how to get started a numismatic collection on $ 4 (2 rolls) nickel. You can replace the pennies, dimes, quarters or State to initiate a library right out of pocket change, but be sure to get the coin folder to collect this data in! Find a new currency to fill an empty hole is the most fun and satisfaction for collectors of coins! If you decide to collect for reasons of investments, family, or for the fun of it, remember to use your common sense security practices accumulating your treasures. Don't keep home coins investments and family! Get a safe for them. Coins that children are actively collecting may be kept at home, but keep them stored away in drawers out of sight of the visitors to your home, especially if aliens arrives (for example, repairers, etc.) Once children lose interest for a certain type of folder or coin Bank, take them and store them in a safe, until the kids ask them again. Coins are always one of the first things you will grab thieves because they are easily sold. It never hurts to establish good practices collection beginning always teach your child to put its coins and folders via sight when he is done with them for the day. If you would like to speak with someone who can give you some advice on what to buy, develop a realtionship with a local currency dealer. If children have taken an interest in a new collection of coins, find a Club of local currency can join and go to meetings with them, not only as a chaperone, but read more yourself on what coins make good investments and those that are just "fun to collect". Many clubs of currency have special programs for "young numismatists."Collect coins on behalf of, or together with young people is a project rewarding for everyone involved and fun.
Be sure to check out my top 5 worst Coin Investments, so you can avoid some costly mistakes!
