@KindaNewish said:
my little one is eyeballing colleges now, and she likes the expensive ones.
I'm of the opinion that you can be an excellent dad and help your kid get a fantastic education from a public school. There is zero, ZERO chance that spending 4 times more at a big private school will yield enough (or any!) future benefit to justify it. Any difference in job opportunities or networking is much smaller than it used to be. And for heaven's sake, don't borrow money to do it. College can be either a tremendous investment or an absolute waste of money. Don't strap yourself to 20 or 30 years of student loan debt...... it will end up being a curse.
Au contraire, it has been demonstrated time and time again that getting a degree from the elite schools pays for itself even with crazy tuition costs, and opens doors that otherwise stay shut. Why do you think folks pay out to go to them schools in Beantown?
But more on the point, from a numismatic perspective, the 20 cent collection will be the one to keep IMO.
These fields - STEM, buisness, economics, are the ones that mostly that matter with respect to higher salaries. HST, the article you list has no hard stats and does not make much of the differences in quality opportunities one has with a degree from the right university. Would you rather get your med degree from John Hopkins or Small State U? The opportunities you would have would be totally different and your chance for earning power as well. Even though JH would be much higher in cost, it would pay off greatly. But what do I know as I see this in action every day and advise dozens of students on where to go for their education, then over the years, witness the outcomes............
I am sure there are many articles that would likely disagree with this findings in the linked article and evaluating outcomes is always a complex challenge.
But this is not the purpose of the thread so lets stick to 20 cents versus proofs in Rattlers......
Best, SH
I disagree with regards to your comments on medicine (although I too am a bit surprised by it). For salary purposes, all U.S. allopathic physicians are pretty much treated alike within specialty pay wise (adjusting for experience of course). Foreign medical school graduates and U.S. osteopathic physicians usually make less. A degree from Hopkins would likely help most with research and obtaining an academic position, but those areas also tend to pay less than private practice pure clinical work. The advantage to a top medical school might be in matching into competitive specialty, but then again board scores (there is surprisingly not much difference in average STEP 1 score for JHU and many less prestigious universities - in 2016 US Average was ~230 and JHU was around ~240 on a 300 point scale), performance in upper level clinical courses, and recommendations are likely to matter far more.
Getting back to the Rattlers vs Double Dimes. Which “set” brings you the most joy? You are giving up one “set” to help your kids ( I think it’s great ) so keep the one that tickles your fancy the most. Make it about that and ignore the rest.
My hunch is that you will end up keeping the Rattler set.
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Walkerfan said:
My parents made me pay for my own education, even though they have a lot of money....Just Sayin'.
If she works and saves, for a couple of years, and then goes, she will have a lot saved up and will be eligible for numerous grants and loans, just as long as her credit history is good.
Sorry to rain on your parade but that's what I had to do....
And in what year did this happen? Your grasp of the current realities suggests it was a while ago.
I think Set 2 for sure although you're going to regret selling Set 1 when you realize there are ways to fund your education without selling either. Peace Roy
It simply blows my mind what the cost of education is these days. I went to Ga. + Ga. Tech.(Late70's-Early 80's) The instate tuition for a full class load was $234? per quarter. When I went to Ga. Full Room + Board with tuition was mid $600's per quarter.
Just what has caused education to become so expensive?
I don't need to sell to fund tuition, we are good on that, and the good advice shared here and through PM are accepted and appreciated. Years ago I too taught in the CUNY system (where I went to school when tuition could be covered by a paycheck or two. I made a promise to my girls that they wouldn't have to worry about anything until after school is done, and I intend to keep it, even if it does make them somewhat unprepared for the real world.
It is just the costs needed to complete (or even progress) on either set is getting prohibitive or me. And yes, I may want to try again on whichever set I let go at a later date, and I will probably regret selling. But with the always additional expenses that pop up, I find that I cannot justify having a few grand in coins sitting in a box for a few years. There will always be somewhere better that money can be used.
Thanks everyone,
Ray
@KindaNewish said:
Wow, thanks everybody for your concern.
I don't need to sell to fund tuition, we are good on that, and the good advice shared here and through PM are accepted and appreciated. Years ago I too taught in the CUNY system (where I went to school when tuition could be covered by a paycheck or two. I made a promise to my girls that they wouldn't have to worry about anything until after school is done, and I intend to keep it, even if it does make them somewhat unprepared for the real world.
It is just the costs needed to complete (or even progress) on either set is getting prohibitive or me. And yes, I may want to try again on whichever set I let go at a later date, and I will probably regret selling. But with the always additional expenses that pop up, I find that I cannot justify having a few grand in coins sitting in a box for a few years. There will always be somewhere better that money can be used.
Thanks everyone,
Ray
Ray I admire your efforts to not keep money in coins where it can be put to use for your family. Like I said, I like the double dimes - I bet if you put your Rattlers up on the BST here you will do well - I will certainly be interested as many others will here.
My experience watching how students do is that if they can get through college debt free they have better flexibility than owing $10's or possibly $100s of K to the man. So your commitment to help out your daughters is the right move.
With respect to amwldcoin's question on why university are so darn expensive - several factors:
1. States contribute much less to the cost of state universities than they used to. In the past, as much as 30% or more came from state coffers. Now typically 10% or less. The rest comes from tuition or external research or endowed funds.
2. Labor costs. Professors cost more these days. The more funding they can bring in for research, the more a U has to pay for them. So some have salaries through the roof now - to the point where it likely is not recovering their extra cost through external funds. In fact I know there are several in my dept. that don't bring in a dime but still get paid crazy money. And they have tenure........
3. Labor costs.2. State universities are beholden to state law and federal law. In order to insure they are compliant, there is an enormous amount of administrative staff hired in all facets of compliance - lawyers, accountants, budget managers, and on. To keep up, my department has gone from 6 staff to 20 staff in the last 10 years and all of that for bean counting as far as I can tell.
4. Labor costs.3. See how much coaches, VP's, Deans, Provosts, Presidents, etc. get paid at big state universities. Despite what athletic departments claim, they are not financially independent. Our U spends $25 million each year from funds intended for education activities to keep the athletic dept. in the black. After all, our coach was complaining that his assistant coaches only made $250K per year and that was not competitive........
5. Tech. Used to be we had a chalk board in the class room. Now it is mostly electronic media during the lectures. Internet, email, IT security, it all costs alot - 30 years ago there was none of this.
6. Building infrastructure. Alot of universities have very old buildings - the need for new ones or renovating old ones is very expensive. Some states have funds for this independent of U budgets, most don't. Money has to come somewhere for this.
And there are many more costs. Education is not what it used to be.
@amwldcoin said:
It simply blows my mind what the cost of education is these days. I went to Ga. + Ga. Tech.(Late70's-Early 80's) The instate tuition for a full class load was $234? per quarter. When I went to Ga. Full Room + Board with tuition was mid $600's per quarter.
Just what has caused education to become so expensive?
Economics. High demand for a 4-year college degree thanks to kids being told for years on end that it is the only path to success, driven by K-12 schools being judged on how many kids go to a 4-year college, easy availability of money to pay for it (never mind that it's loans), little accountability for quality of product produced by universities (I wanted to slap one of the "sales interns" at Northwestern a few years ago and call her an idiot when she said she was a gender studies major).
Regarding which set to keep, I would definitely keep the 20c pieces, but that's just me. I hate rattler holders, and to me holders are exonumia. Others may say the same about collecting die marriages, which I find far more fascinating.
@messydesk said:
Regarding which set to keep, I would definitely keep the 20c pieces, but that's just me. I hate rattler holders, and to me holders are exonumia. Others may say the same about collecting die marriages, which I find far more fascinating.
But that's just me, and I'm not you.
Not that we don't all know this, but the advantage of the older holder coins means that these coins are likely stable in their current holders and looked like this for decades and will be the same for decades more (with the exception of some toning that has occurred while residents in old holders). Also, many are undergraded for today's standards. Hence they can go for premiums. Old holder proof coins, ugly holder or not, should also go for a premium which is why they would be attractive to sell.
@amwldcoin said:
It simply blows my mind what the cost of education is these days. I went to Ga. + Ga. Tech.(Late70's-Early 80's) The instate tuition for a full class load was $234? per quarter. When I went to Ga. Full Room + Board with tuition was mid $600's per quarter.
Just what has caused education to become so expensive?
Economics. High demand for a 4-year college degree thanks to kids being told for years on end that it is the only path to success, driven by K-12 schools being judged on how many kids go to a 4-year college, easy availability of money to pay for it (never mind that it's loans), little accountability for quality of product produced by universities (I wanted to slap one of the "sales interns" at Northwestern a few years ago and call her an idiot when she said she was a gender studies major).
If you were my son, and I have two about your (presumed) age, I would say this:
If you have to ask, sell both sets and invest the proceeds. Unless one is in the coin business, or has no family or ownership/business obligations, collecting coins should be limited to "throw away" money. Same for all hobbies.
I would keep the 36-42 proofs and sell the more modern ones. I’d also sell any of the 20 cent pieces that you can reasonably expect to replace or improve upon later.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
since you don't seem to be "in love" with either set and are willing to sell one or the other, why not just sell them both?? then start something that you really like.
Just what has caused education to become so expensive?
You're kidding right? Supply and demand, simply.
Demand for college education has been steadily growing since WWII. Even though many of that generation didn't go themselves, the universally accepted belief was that you had to go to college to get ahead. Today 65% of job listings for executive secretaries and assistants require a college degree. Sound logical? The growing demand for a higher education has influenced one side of the equation. Interestingly, huge increases in tuition prices have done nothing to slow down the demand, but have made it much more difficult for middle-America to attend. The schools I went too have even larger pools of applicants and lower admission rates than they did when I went.
The other part? Let's see....... Unlimited, no questions-asked, federally backed student loans. If colleges have an endless supply of applicants and students have an endless, easy source of money there is now NOTHING to put the brakes on more tuition hikes. Universities are throwing this money all over the place. Fancy facilities, ballooning (unnecessary?) services, bloated departments, even more bloated administration, and a few more professors, yes...... these are consuming.
There is a real danger here when someone not paying attention borrows $40k to get a degree that is "necessary" to compete with other graduates to land a job as a secretary. Much more of this and people will eventually wake up and start paying attention to real-world return-on-investment.
My prediction is that you'll see the demand side of the equation weaken in the next 20 years. Education and information is much more available than it ever has been and rigid brick & mortar institutions will become less relevant for many fields. Certifications, workplace training, and independent accreditation of potential employees will of necessity take over when college simply becomes too expensive to be competitive.
Every demographic measure supports the benefit of a college degree(s) in terms of health, lifetime income, you name it. $40K would be PEANUTS for a student loan balance today upon BS degree completion. Where I work it costs roughly a quarter mil to get your undergrad degree. I can't imagine kids today borrowing all of that - it's a home in many parts of the country.
It's a terrible racket compounded with the fallacy of rankings and some schools offering degrees that are not worth the paper they are printed on (though this has been corrected quite a bite in the last 10 years). In my experience, with the exception of about 5 truly top tier schools in the US, it does not matter where you go. Work ethic, grit, and networking skills will have much more of an impact on career success vs. school #10 vs. school #50 for example.
I regret there are not more courses in high school teaching life skills, including personal finance and how to evaluate cost vs. benefit, the implications of debt, etc.
I regret there are not more courses in high school teaching life skills, including personal finance and how to evaluate cost vs. benefit, the implications of debt, etc.
No kidding! We taxpayers pay for that education too.
Average student loan debt in 2016 was $37k. Of course, a little less than half of students graduated with none, and quite a few had over $100k. It's not unusual for a dentist, lawyer, or doctor to have $300-400k. 27% of borrowers entering college in 2003-4 have defaulted on their student loans.
@Walkerfan said:
My parents made me pay for my own education, even though they have a lot of money....Just Sayin'.
If she works and saves, for a couple of years, and then goes, she will have a lot saved up and will be eligible for numerous grants and loans, just as long as her credit history is good.
Sorry to rain on your parade but that's what I had to do....
And in what year did this happen? Your grasp of the current realities suggests it was a while ago.
I am quite familiar with today's realities. It was about 20 years ago, but so what? Have you ever heard of inflation? Wasn't cheap then just like it isn't cheap now. The concept remains the same.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
I regret there are not more courses in high school teaching life skills, including personal finance and how to evaluate cost vs. benefit, the implications of debt, etc.
No kidding! We taxpayers pay for that education too.
Average student loan debt in 2016 was $37k. Of course, a little less than half of students graduated with none, and quite a few had over $100k. It's not unusual for a dentist, lawyer, or doctor to have $300-400k. 27% of borrowers entering college in 2003-4 have defaulted on their student loans.
I agree more attention should be paid to personal finance in high school. We have classes for many things so why not something that really matters? I was a volunteer teacher for a 12th grade economics class and spent part of my time covering personal finance. I'd recommend everyone read Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter.
I'm very impressed by a number of recent college graduates I work with. I live in the most expensive part of the US, and some recent graduates live at home with their parents to save money (which I did as well), even enduring very long commutes, and then end up buying a house with a significant other before they are 30. Of course, this is much harder to do if your parents aren’t in the area.
@matt_dac said:
...
I regret there are not more courses in high school teaching life skills, including personal finance and how to evaluate cost vs. benefit, the implications of debt, etc.
I would imagine most high schools require personal finance courses for graduation. I know ours does. The problem is that these are typically not taken seriously by schools, students, or parents. Also, close evaluation of return on investment of debt could work against the quality metric of how many students from a given go to a 4-year college.
@blitzdude said:
If there's a will there's a way. Keep and complete both. It's the roaring twenties for crying out loud, take out a second mortgage if you have too.
That was funny!
I would keep the 20 cent pieces. I love collecting bust dimes, quarters and halves by die variety and I rarely grow tired of it.
@matt_dac said:
...
I regret there are not more courses in high school teaching life skills, including personal finance and how to evaluate cost vs. benefit, the implications of debt, etc.
I would imagine most high schools require personal finance courses for graduation. I know ours does. The problem is that these are typically not taken seriously by schools, students, or parents. Also, close evaluation of return on investment of debt could work against the quality metric of how many students from a given go to a 4-year college.
If a ROI analysis will reduce the number of people going to 4-year college programs that will leave them with a lot of debt and few in-demand job skills, that might not be such a bad thing. It could lead to students choosing majors that are more inline with recouping their investment or choosing schools that require less investment (either via lower tuition or some scholarships). Payback period analysis is useful too to help students realize how long it may take to pay off a loan.
@ironmanl63 said:
College is a waste of money! Keep both.
If serious, such an overly broad statement is preposterous.
Partly serious.
In my opinion the amount of money that is completely wasted on college because you must obtain a degree to be successful is astronomical and possibly preposterous.
That feels like a run on sentence. Maybe I should have went to college.
I think it is a wonderful thing kindanewish is doing for his children and did not mean to be negative towards his goals.
@ironmanl63 said:
College is a waste of money! Keep both.
If serious, such an overly broad statement is preposterous.
Partly serious.
In my opinion the amount of money that is completely wasted on college because you must obtain a degree to be successful is astronomical and possibly preposterous.
That feels like a run on sentence. Maybe I should have went to college.
I think it is a wonderful thing kindanewish is doing for his children and did not mean to be negative towards his goals.
Some of the most successful people are ones that went to college.... but dropped out
Steve Jobs
Bill Gates
Mark Zuckerberg
Lady Gaga
It's certainly not necessary to have a degree, or even start college, to be financially successful, but it generally increases the odds on a statistical basis.
Comments
I'm in the double dime group.
How about twenty cent pieces in rattlers?
Great transactions with oih82w8, JasonGaming, Moose1913.
I disagree with regards to your comments on medicine (although I too am a bit surprised by it). For salary purposes, all U.S. allopathic physicians are pretty much treated alike within specialty pay wise (adjusting for experience of course). Foreign medical school graduates and U.S. osteopathic physicians usually make less. A degree from Hopkins would likely help most with research and obtaining an academic position, but those areas also tend to pay less than private practice pure clinical work. The advantage to a top medical school might be in matching into competitive specialty, but then again board scores (there is surprisingly not much difference in average STEP 1 score for JHU and many less prestigious universities - in 2016 US Average was ~230 and JHU was around ~240 on a 300 point scale), performance in upper level clinical courses, and recommendations are likely to matter far more.
Getting back to the Rattlers vs Double Dimes. Which “set” brings you the most joy? You are giving up one “set” to help your kids ( I think it’s great ) so keep the one that tickles your fancy the most. Make it about that and ignore the rest.
My hunch is that you will end up keeping the Rattler set.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
And in what year did this happen? Your grasp of the current realities suggests it was a while ago.
Latin American Collection
I think Set 2 for sure although you're going to regret selling Set 1 when you realize there are ways to fund your education without selling either. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
It simply blows my mind what the cost of education is these days. I went to Ga. + Ga. Tech.(Late70's-Early 80's) The instate tuition for a full class load was $234? per quarter. When I went to Ga. Full Room + Board with tuition was mid $600's per quarter.
Just what has caused education to become so expensive?
Wow, thanks everybody for your concern.
I don't need to sell to fund tuition, we are good on that, and the good advice shared here and through PM are accepted and appreciated. Years ago I too taught in the CUNY system (where I went to school when tuition could be covered by a paycheck or two. I made a promise to my girls that they wouldn't have to worry about anything until after school is done, and I intend to keep it, even if it does make them somewhat unprepared for the real world.
It is just the costs needed to complete (or even progress) on either set is getting prohibitive or me. And yes, I may want to try again on whichever set I let go at a later date, and I will probably regret selling. But with the always additional expenses that pop up, I find that I cannot justify having a few grand in coins sitting in a box for a few years. There will always be somewhere better that money can be used.
Thanks everyone,
Ray
Chance favors the prepared mind.
Ray I admire your efforts to not keep money in coins where it can be put to use for your family. Like I said, I like the double dimes - I bet if you put your Rattlers up on the BST here you will do well - I will certainly be interested as many others will here.
My experience watching how students do is that if they can get through college debt free they have better flexibility than owing $10's or possibly $100s of K to the man. So your commitment to help out your daughters is the right move.
With respect to amwldcoin's question on why university are so darn expensive - several factors:
1. States contribute much less to the cost of state universities than they used to. In the past, as much as 30% or more came from state coffers. Now typically 10% or less. The rest comes from tuition or external research or endowed funds.
2. Labor costs. Professors cost more these days. The more funding they can bring in for research, the more a U has to pay for them. So some have salaries through the roof now - to the point where it likely is not recovering their extra cost through external funds. In fact I know there are several in my dept. that don't bring in a dime but still get paid crazy money. And they have tenure........
3. Labor costs.2. State universities are beholden to state law and federal law. In order to insure they are compliant, there is an enormous amount of administrative staff hired in all facets of compliance - lawyers, accountants, budget managers, and on. To keep up, my department has gone from 6 staff to 20 staff in the last 10 years and all of that for bean counting as far as I can tell.
4. Labor costs.3. See how much coaches, VP's, Deans, Provosts, Presidents, etc. get paid at big state universities. Despite what athletic departments claim, they are not financially independent. Our U spends $25 million each year from funds intended for education activities to keep the athletic dept. in the black. After all, our coach was complaining that his assistant coaches only made $250K per year and that was not competitive........
5. Tech. Used to be we had a chalk board in the class room. Now it is mostly electronic media during the lectures. Internet, email, IT security, it all costs alot - 30 years ago there was none of this.
6. Building infrastructure. Alot of universities have very old buildings - the need for new ones or renovating old ones is very expensive. Some states have funds for this independent of U budgets, most don't. Money has to come somewhere for this.
And there are many more costs. Education is not what it used to be.
Best, SH
Sell both sets and go back to college.
Lance.
Economics. High demand for a 4-year college degree thanks to kids being told for years on end that it is the only path to success, driven by K-12 schools being judged on how many kids go to a 4-year college, easy availability of money to pay for it (never mind that it's loans), little accountability for quality of product produced by universities (I wanted to slap one of the "sales interns" at Northwestern a few years ago and call her an idiot when she said she was a gender studies major).
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Regarding which set to keep, I would definitely keep the 20c pieces, but that's just me. I hate rattler holders, and to me holders are exonumia. Others may say the same about collecting die marriages, which I find far more fascinating.
But that's just me, and I'm not you.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Not that we don't all know this, but the advantage of the older holder coins means that these coins are likely stable in their current holders and looked like this for decades and will be the same for decades more (with the exception of some toning that has occurred while residents in old holders). Also, many are undergraded for today's standards. Hence they can go for premiums. Old holder proof coins, ugly holder or not, should also go for a premium which is why they would be attractive to sell.
Best, SH
I can't resist John
If you were my son, and I have two about your (presumed) age, I would say this:
If you have to ask, sell both sets and invest the proceeds. Unless one is in the coin business, or has no family or ownership/business obligations, collecting coins should be limited to "throw away" money. Same for all hobbies.
Yeah, harsh, I know.
I would keep the 36-42 proofs and sell the more modern ones. I’d also sell any of the 20 cent pieces that you can reasonably expect to replace or improve upon later.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
since you don't seem to be "in love" with either set and are willing to sell one or the other, why not just sell them both?? then start something that you really like.
You're kidding right? Supply and demand, simply.
Demand for college education has been steadily growing since WWII. Even though many of that generation didn't go themselves, the universally accepted belief was that you had to go to college to get ahead. Today 65% of job listings for executive secretaries and assistants require a college degree. Sound logical? The growing demand for a higher education has influenced one side of the equation. Interestingly, huge increases in tuition prices have done nothing to slow down the demand, but have made it much more difficult for middle-America to attend. The schools I went too have even larger pools of applicants and lower admission rates than they did when I went.
The other part? Let's see....... Unlimited, no questions-asked, federally backed student loans. If colleges have an endless supply of applicants and students have an endless, easy source of money there is now NOTHING to put the brakes on more tuition hikes. Universities are throwing this money all over the place. Fancy facilities, ballooning (unnecessary?) services, bloated departments, even more bloated administration, and a few more professors, yes...... these are consuming.
There is a real danger here when someone not paying attention borrows $40k to get a degree that is "necessary" to compete with other graduates to land a job as a secretary. Much more of this and people will eventually wake up and start paying attention to real-world return-on-investment.
My prediction is that you'll see the demand side of the equation weaken in the next 20 years. Education and information is much more available than it ever has been and rigid brick & mortar institutions will become less relevant for many fields. Certifications, workplace training, and independent accreditation of potential employees will of necessity take over when college simply becomes too expensive to be competitive.
Every demographic measure supports the benefit of a college degree(s) in terms of health, lifetime income, you name it. $40K would be PEANUTS for a student loan balance today upon BS degree completion. Where I work it costs roughly a quarter mil to get your undergrad degree. I can't imagine kids today borrowing all of that - it's a home in many parts of the country.
It's a terrible racket compounded with the fallacy of rankings and some schools offering degrees that are not worth the paper they are printed on (though this has been corrected quite a bite in the last 10 years). In my experience, with the exception of about 5 truly top tier schools in the US, it does not matter where you go. Work ethic, grit, and networking skills will have much more of an impact on career success vs. school #10 vs. school #50 for example.
I regret there are not more courses in high school teaching life skills, including personal finance and how to evaluate cost vs. benefit, the implications of debt, etc.
How about those proof rattlers? Ha ha
ill go with the double dimes. like it was said the double dimes will hold there value better. jmo
Thank you for your service! As a tax payers, I am happy to have paid for your college. You earned it!
Join the fight against Minnesota's unjust coin dealer tax law.
No kidding! We taxpayers pay for that education too.
Average student loan debt in 2016 was $37k. Of course, a little less than half of students graduated with none, and quite a few had over $100k. It's not unusual for a dentist, lawyer, or doctor to have $300-400k. 27% of borrowers entering college in 2003-4 have defaulted on their student loans.
I am quite familiar with today's realities. It was about 20 years ago, but so what? Have you ever heard of inflation? Wasn't cheap then just like it isn't cheap now. The concept remains the same.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I agree more attention should be paid to personal finance in high school. We have classes for many things so why not something that really matters? I was a volunteer teacher for a 12th grade economics class and spent part of my time covering personal finance. I'd recommend everyone read Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter.
I'm very impressed by a number of recent college graduates I work with. I live in the most expensive part of the US, and some recent graduates live at home with their parents to save money (which I did as well), even enduring very long commutes, and then end up buying a house with a significant other before they are 30. Of course, this is much harder to do if your parents aren’t in the area.
I would imagine most high schools require personal finance courses for graduation. I know ours does. The problem is that these are typically not taken seriously by schools, students, or parents. Also, close evaluation of return on investment of debt could work against the quality metric of how many students from a given go to a 4-year college.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
That was funny!
I would keep the 20 cent pieces. I love collecting bust dimes, quarters and halves by die variety and I rarely grow tired of it.
If a ROI analysis will reduce the number of people going to 4-year college programs that will leave them with a lot of debt and few in-demand job skills, that might not be such a bad thing. It could lead to students choosing majors that are more inline with recouping their investment or choosing schools that require less investment (either via lower tuition or some scholarships). Payback period analysis is useful too to help students realize how long it may take to pay off a loan.
Partly serious.
In my opinion the amount of money that is completely wasted on college because you must obtain a degree to be successful is astronomical and possibly preposterous.
That feels like a run on sentence. Maybe I should have went to college.
I think it is a wonderful thing kindanewish is doing for his children and did not mean to be negative towards his goals.
Some of the most successful people are ones that went to college.... but dropped out
It's certainly not necessary to have a degree, or even start college, to be financially successful, but it generally increases the odds on a statistical basis.