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I just freed up a whole bunch of $$ for coins!

UtahCoinUtahCoin Posts: 5,366 ✭✭✭✭✭
in U.S. Coin Forum
For years we have been dumping money into our kids educational savings accounts. This past week we found out that our 15 year old son, who just entered 10th grade, has received a free pass to skip 11th & 12th grade and start college at 16. The best part being it's for free!

So, what to buy, what to buy.........

Most of our kids got a lucky dip in the gene pool, and came out with brains rather than brawn. None of our kids have any talent for athletics what so ever. In fact, None of them can walk and chew gum at the same time without tripping. Which is odd considering that they have Olympic caliber genes on both sides. Go figure...

I guess I'd better start looking at some auction catalogs.....






I used to be somebody, now I'm just a coin collector.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.

Comments

  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    Outstanding! If that were me, I would feel like I just won the lottery. Happy coin shoppin'!!!image
    image...There's always time for coin collecting. image
  • VAMSKYVAMSKY Posts: 178
    Awe c'mon ... let the kid have it! He's going to need a flashy car to impress those college co-eds. image

    I put two through college that cost just about $200k. That was about a decade of no significant coin purchases.
    Dave of the cornfields
  • BillyKingsleyBillyKingsley Posts: 2,661 ✭✭✭✭
    That's great about the extra funds but even better about your son. You must be very proud of him!
    Billy Kingsley ANA R-3146356 Cardboard History // Numismatic History
  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭


    << <i>That's great about the extra funds but even better about your son. You must be very proud of him! >>



    image Congrats to you and your son for such an amazing achievement.
    image...There's always time for coin collecting. image
  • AUandAGAUandAG Posts: 24,842 ✭✭✭✭✭
    Love those free educations and starting at 16 is really an accomplishment!

    Congrats Dad and Mom!

    bobimage

    PM sent
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i>past week we found out that our 15 year old son, who just entered 10th grade, has received a free pass to skip 11th & 12th grade and start college at 16. >>



    Dam. That's smart.
  • direwolf1972direwolf1972 Posts: 2,076 ✭✭✭
    Wow huge CONGRATS thats a big achievement for your son. image
    I'll see your bunny with a pancake on his head and raise you a Siamese cat with a miniature pumpkin on his head.

    You wouldn't believe how long it took to get him to sit still for this.


  • yellowkidyellowkid Posts: 5,486 ✭
    What would you rather have when your boy reaches 40, a semi crippled former college football star or a surgeon or some such?? Congratulations and have fun with all that bread!!!!


    You know I skipped the 11th and 12th grades also, the circumstances were a bit different thoughimage
  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    you hit the jackpot,
    and I'll bet you put some
    real work into your son
    to allow this to "happen"

    and having the foresight to save for years
    to fund his education- very admirable
    LCoopie = Les
  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    Congrats... and I don't mean for having money to buy more coins.
  • EastCoastCurrencyEastCoastCurrency Posts: 117 ✭✭✭
    I suggest giving the money to your son.

    If is missing brawn and is 16, he has no chance with college girls - however, a nice car would help.
    Coin Auctions - Canadian Currency - Old Money - Rare Coin Values
  • ajiaajia Posts: 5,403 ✭✭✭
    Yeah, but he'll never grow up to be a famous athlete.......Michael Vick, Mike Tyson,....... image

    BIG Congrats....to your son!

    To you, you're todays.....

    image
    image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Congratulations, you should be, and are, justifiably proud. He may suffer a bit socially the first couple years, after that, the freshman coeds will fill in nicely...Cheers, RickO
  • carscars Posts: 1,904


    << <i>Awe c'mon ... let the kid have it! He's going to need a flashy car to impress those college co-eds. image

    >>



    I Agree with this image, Its what I would do for my daughter.
    Its all relative
  • tahoe98tahoe98 Posts: 11,388 ✭✭✭


    ......much better news than hearing a child will be out on parole soon. it's good that you've brought up your kids the right way. congrats!image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • quickwingquickwing Posts: 1,155
    Congrats to your 15 year old. Great news and a scholarship too! I can only hope mine graduates from high school on time and his grandparents pay for his higher education.
    Check with your accountant before you spend it all on coins.image If the money doesn't go towards the child’s education it's all taxable and penalized when withdrawn.
    Edited: to say there are some rollover options for siblings
    OLDER IS BETTER
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    Congrats. I'd say it you saved it for them, then reward them for their hard work. You could save it for them to put a down payment on a house, or even buy a house if you have that much piled away. I started a college fund for my son this year and if he were able to get a free ride to college, I would love to give it to him AFTER he graduated, just in case image
  • intenceintence Posts: 1,255 ✭
    College at 16 is sweet
    image
  • cinman14cinman14 Posts: 2,489 ✭
    I would keep it in the account.. There are too many variables in life to risk it this soon..

    There is a 15 year old in my son's college. He said he is shut out of most functions and made fun of almost daily..

    I hope he has "thick skin." Congrats on your son's achievement...
  • lope208lope208 Posts: 1,960 ✭✭
    Congrats!!

    You must be very proud of your son.

    Buy him a couple ounces of gold to start with, then buy yourself a few real nice coins!

    You can always sell the coins back later if you need the money for unforeseen things.

    Maybe a nice seated proof half dollar or something. I always see gorgeous stuff on Pinnacle's website that I can't afford!
    Successful BST transactions:
    commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
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  • MsMorrisineMsMorrisine Posts: 34,578 ✭✭✭✭✭


    << <i>For years we have been dumping money into our kids educational savings accounts. This past week we found out that our 15 year old son, who just entered 10th grade, has received a free pass to skip 11th & 12th grade and start college at 16. The best part being it's for free!

    So, what to buy, what to buy.........

    Most of our kids got a lucky dip in the gene pool, and came out with brains rather than brawn. None of our kids have any talent for athletics what so ever. In fact, None of them can walk and chew gum at the same time without tripping. Which is odd considering that they have Olympic caliber genes on both sides. Go figure...

    I guess I'd better start looking at some auction catalogs..... >>





    hold on


    that might be enough for books this year.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • coindudeonebaycoindudeonebay Posts: 1,735 ✭✭✭
    So, is he heading to TAMS? I've known a few kids that have gone there, all good kids who are doing well for themselves.
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Call Sperber ASAP.
    Have a nice day
  • nicetoning42107nicetoning42107 Posts: 1,162
    Wow, skipped two grades, eh? Awesome!

    So, uh, are you buying raw toners now, because i have raw toners for sale if you're interested. All sorts of denominations and series, all United States.

    Thanks,

    alex
    A lie told often enough becomes the truth. ~Vladimir Lenin
  • SaorAlbaSaorAlba Posts: 7,593 ✭✭✭✭✭
    Be careful, I find as soon as I think everything is going great and I have freed up some dosh something happens to undo it all.
    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • jsfjsf Posts: 1,889
    College? The traits that will carry him through life, you already instilled in him.
  • laxmaster92laxmaster92 Posts: 777
    I'd love to do that. So how did he do it? There are kids at my school how have taken all AP classes and aced the SAT and ACT and are still stuck in school.
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    Wow! That's impressive. Congratulations. Where's he going to school on a full scholarship? (Or did I miss that as I swung past all the posts?)
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭


    << <i>That's great about the extra funds but even better about your son. You must be very proud of him! >>


    Congrats! image
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    WOW !! You might have another Dougie Howser MD on your hands image

    Perhaps you should consider a nice Mediterranean Cruise for you & the Wife once he heads off to college as a "self reward"..
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Congrats!
    imageQuid pro quo. Yes or no?
  • ponderitponderit Posts: 1,544 ✭✭✭✭✭
    I just relayed your story to my daughter who starts her Sophomore year in 2 days. I'm not sure but I think she rolled her eyes... Congrats...
    Successful BST transactions with Rob41281, crazyhounddog, Commoncents, CarlWohlford, blu62vette, Manofcoins, Monstarcoins, coinlietenant, iconbuster, RWW,Nolawyer, NewParadigm, Flatwoods, papabear, Yellowkid, Ankur, Pccoins, tlake22, drddm, Connecticoin, Cladiator, lkeigwin, pursuitofliberty
  • anablepanablep Posts: 5,158 ✭✭✭✭✭
    Buy your son an awesome graduation present (car) with some of the money & then save the rest for his wedding/first home/etc.

    Don't blow it on coins.

    Seriously.

    Am I the only one who thinks the idea of using your child's funds for coins is ridiculous?
    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • anoldgoatanoldgoat Posts: 1,493 ✭✭✭
    Quite an accomplishment image

    Get you both something nice.
    Alright! Who removed the cork from my lunch?

    W.C. Fields
  • HalfDimerHalfDimer Posts: 35 ✭
    I'm not sure how I feel about college at 16; I suppose it depends on the environment. Still, it's a great achievement and free college is free college.
  • seateddimeseateddime Posts: 6,180 ✭✭✭
    well done!
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • Walkerguy21DWalkerguy21D Posts: 11,594 ✭✭✭✭✭
    Congrats to you and your son!
    My daughter is on a full ride now, and 'the deal' is that she gets to keep all the 529 money, prepaid tuition credits, etc. But the other part of the deal is that's all there is going to be, so save it and use it wisely. If she wants a big wedding, or down payment on a house, etc. she needs to fund it herself. Same for her younger sister.
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • jesbrokenjesbroken Posts: 10,357 ✭✭✭✭✭
    Congratulations to your family, Utah. No small feat, that. Were I in your shoes, I would immediately buy my son a key collectible coin, suchas an MS64 1909 S VDB Lincoln to celebrate. Put it away for him and see what happens in 20 years. JMO
    Jim

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Excellent. What school?

    Try to help him out socially. College is a social experience as well as educational. My college roommate at Chicago was 16 and it was tough for him at times.

    --Jerry

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