For my children. What coin sets for thier future?

remainincognito

Hello all.

I want to puchase some coin sets for my children. They are young ages 5 and 9. I don't want to spend alot now but for them to have as they age. What coin sets will produce the most value say in 20-30 yrs? Something that will get them started in life and have some valuables to fall back on. Thank you.

longtimecollector

Stellas will probably see increases over the next 20 years !

KlectorKid

I think seated coins might catch on with collectors after people figure out how undervalued some of them are.

Betta285

Seated coinage is sure to appreciate in the future along with type pieces such as 2, 3 and 20 cent pieces, in my opinion. But if you are truly looking at it from a financialy point of view, than coins may not be your best choice, but if you just want somethng they can enjoy along with minimal economic gain, coins are perfect.

jim

fcloud

I gave my kids coins for Christmas ever since they can remember. I never gave them the same design. A type set may be a nice thing to do. All coins over time (if you go by history) have increased for the most part. If you do type coins it would make a really neat set by the time they get older. If possible stick with semi-key or key coins. These seem to move upward in an up market and stay closer flat in a down market.

remainincognito

What about proof sets? But mainly your saying to stick to key dates. In time will lower grades produce more value? If so would it be wise to buy cheaper coins (ones that I can afford) now and hope for the future?

Betta285

Lower grade keys are sure to produce more value in the future, and attempt to buy the highest grades you can afford. I really don't know much about the value of proof sets, but from my own inferences, they aren't really a source of investing value.


jim

ognib

<< <i> A type set may be a nice thing to do. All coins over time (if you go by history) have increased for the most part. If you do type coins it would make a really neat set by the time they get older. >>


I agree with fcloud.
Since they are young you could start modern and work your way back. With the Mint constantly changing designs these days there is many different varities to look at. As they get older you will get an idea of what there interest is and start working your way back in time if the interest is still there. If your coins end up in a pop machine, you aren't out much at the get-go.

FatMan

If you want something for your kids to get them started in life and have some value to fall back on, buy them some shares in a Mutual Fund. Have them put a part of their allowance into the fund as well. It is a lesson in savings that will do them very well in life. Coins are for collecting and speculating, not investing.

Now, I'm not saying not to buy some coins for your kids. I'm suggesting you are doing it for the wrong reasons. Buy them some coins to grow their interest in our hobby. I would guess at their ages they will like nice shiney coins like proof sets or modern commems. Have them collect state quarters from circulation and fill a map or something. The touching and feeling will help with their interest. My experience with my kids is they got quickly bored with coins they could not touch. I wish we had state quarters when they were young. Even if they lose interest over time you will have planted a seed that may grow sometime in the next 20-30 years. I think if you asked around here you would find that most of us used to fill our penny folders as kids, found the oposite sex and stopped collecting, and in later years found coins again.

nolimitz

I tend to agree with Betta285. I will be passing coins along to my kids, but not necessarily as an investment.
A college education has to come first, followed by investment items of differing sources. I hope to make it a basket
with multiple eggs.

JrGMan2004

I thinking speculating about future coin prices is a silly notion... especially looking 20-30 years down the road... speculation is just that... speculation, barely based on fact... coins as an investment is stupid... buy interesting coins that will hook your children into a HOBBY... Dictionary.com defines a Hobby as, An activity or interest pursued outside one's regular occupation and engaged in primarily for pleasure.... not an investment... My personal choice, would be a Dansco Type album for both. It's a great way to get the kid's started, and maybe they'll find a series they really like and want to start collecting. It can done fairly cheaply and still look good... if you really want to protect your investment, yes, buy Semi-Keys and Key Dates... but they're generally not cheap... and I think it's nicer in a Type set to have some coins with a little more detail

nolimitz

Also one more thought. Generally putting an investment in a child's name is not the best idea in the world. I know
I did some relly stupid things with money that was mine (inhertances) as a teen.

anablep

I agree with JrGMan2004!

remainincognito

I had never thought about giving these coins to my children right away. I was going to put it together for them and when I enter the clearing at the end of the path, it would be theirs. I already have made investments in the stock market for them. It's always good to have a plan B. I wasn't suggesting the collection to be sold upon their immediate aquirement but at that point it's their perogative. Would you not sell your coins if you were in a situation that required it?

michael

a nice circ vf and higher type set of pre 1915 coins

and if the cost is too much for the scarcer coin types then eye appealling problem free vg and higher coins


michael

pursuitofliberty

Remain,

If you really want to put together a collection for them, unless they have a colelcting passion already, I would look at putting together a better date type set for each, say from the 1860's area (small cents, two cents, three cents, nickels, dimes, quarters, halves and dollars) until the fall of liberty (1947 officially for me) (or later if you please).

Concentrate on coins that are not the most common. Dates that can be had for fractions (not multiples) over common prices. COins that are both attractive AND original. Try to represent all of our mints (for history purposes). Use years that are fun ... for example my kids all have at least one from 100 years before they were born. Use grades that are high enough to command collector respect and non-collector appreciation. I would shy away from "investment" grade coins, unless you are sure you want to play that game right now, and sure that your children will want to when they recieve these coins. Nice original EF/AU's are always good, and as the dates get less expensive, coins through MS-63 are often very attractive with a little patience.

Finally, instead of a rock solid part of an investment portfolio for them, consider a well selected collection a permanent lesson in history and art (and your love) that will most probably be worth what you paid for it when and if they decide to sell.

cladking

If your first instinct was to put away some recent mint and proof sets then
go ahead and do it. Go with some things with lower mintages if you don't
want to put a lot of effort into a search. Things like the '82 and '83 souvenir
sets are not going to get more common over the years. Look at things like
the '73-S Ikes and perhaps even rolls of better dates. If you have the time
pull out some nicer looking of just about any raw sets. Do keep in mind that
in the long run it is survivability and absolute number available that will deter-
mine relative values, so avoid things with a higher price due to market imbal-
ances like '95 proof sets.