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I'm gonna sound like a anti-Modern grouch....but BFD!!

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    RussRuss Posts: 48,514 ✭✭✭


    << <i>How obscene are the profits? >>



    The three coin SAE sets sold from the mint for $100. The first PCGS PR70 - PR70DCAM - MS69 set to sell on eBay brought over $9K. Many sets sold in the $5K to $6K range, and the sets still bring over $2K. The PR70 reverse proof alone is about $1500.

    Russ, NCNE
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    IrishMikeIrishMike Posts: 7,737 ✭✭✭
    It will be fascinating to see what these sets are selling for in 5 years, I for one have no idea.
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    ZoinsZoins Posts: 34,487 ✭✭✭✭✭


    << <i>It will be fascinating to see what these sets are selling for in 5 years, I for one have no idea. >>

    I don't think anyone really knows which is why the warnings are good. I hope the people paying high prices now don't need the money they spent just in case. Of course, in the US, wealth distribution is skewed to such an extent that $9K for a set is a drop in the bucket for some people. I hope it's these people that are paying the high prices.
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    cladkingcladking Posts: 30,123 ✭✭✭✭✭


    << <i>

    It is not bashing. Both are collectible but they don't mix and are entirely different entities as collectibles. Semantics aside, they really are not coins as instruments of commerce. They are like coins, pseudocoins as I put it, but not really functional coins. Perhaps in the collapse of the US dollar, the roles could be reversed however.

    Morgans are more available, and in higher grades specifically, because they largely did not circulate. They are not colelcted primarily for that reason though. Investors in the last bull market liked them because of their ubiquitous availability in MS65. Collectors OTOH (except type collectors who are more like the investors in this one approach) build sets based on their lack of availability for certain dates or die varieties. Nonetheless, a Morgan dollar was worth a dollar until basically the clad era. >>



    Except for the first sentence, I'm in nearly complete agreement.

    Certainly to purists they are only marginally coins and to some they aren't coins at all. So what?
    Everytime someone mentions an 1804 dollar there aren't ten pages of people chiming in that they
    are really just NCLT crap made under dubious circumstances. They are recognized for what they are;
    legitimate old rarities that are pursued by thousands. The only real difference with the newer coins
    is that they aren't old and might still be available from the mint.
    tempus fugit extra philosophiam.
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    << <i>The only thing that irritates me about all these modern bullion threads is that they remind me that I didn't buy any and scarf up on the obscene profits.

    Russ, NCNE >>


    I would have bought a couple more also if I had known I was going to get outragous bucks for them.......!!!!!!
    ......Larry........image
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>Certainly to purists they are only marginally coins and to some they aren't coins at all. So what?
    Everytime someone mentions an 1804 dollar there aren't ten pages of people chiming in that they
    are really just NCLT crap made under dubious circumstances. >>

    I do. And the 1913 V nickels, too!
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    cladkingcladking Posts: 30,123 ✭✭✭✭✭


    << <i>

    << <i>Certainly to purists they are only marginally coins and to some they aren't coins at all. So what?
    Everytime someone mentions an 1804 dollar there aren't ten pages of people chiming in that they
    are really just NCLT crap made under dubious circumstances. >>

    I do. And the 1913 V nickels, too! >>




    I've been using the 1804 dollar because I want to stick with a single coin. There are
    many valuable old "coins" that could be chosen. image



    edited to add smiley
    tempus fugit extra philosophiam.
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    carlcarl Posts: 2,054


    << <i>

    << <i>a reasonable response would be... I am sorry...


    that simple.... >>




    But I'm NOT sorry. I gave a mile...but I'm not selling my soul. There are ways to do things and ways not to. End of subject.

    image >>


    That is so obvious. And here I thought us adults were supposed to be the educators of the youth.
    Instead some show them how to be ............................
    Carl
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>The only thing that irritates me about all these modern bullion threads is that they remind me that I didn't buy any and scarf up on the obscene profits.

    Russ, NCNE >>



    I find that to be shocking, to say the least.
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    bidaskbidask Posts: 14,057 ✭✭✭✭✭


    << <i>

    << <i>I guess it's okay to sell old coins for profit but not new coins. >>



    Help me out.

    Coins circulate, correct ? Will this newer stuff be in circulation ? Not knocking anyone but I think there is a world of difference between the terminology when "Old Coins" and "New Coins" is used within a statement.

    Ken >>

    That is an excellent, simple, but overlooked point. I do not think the subscription coins will be in circulation. Now how will that affect value if they are ALL shiny and brand new?
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




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    cladkingcladking Posts: 30,123 ✭✭✭✭✭


    << <i>That is an excellent, simple, but overlooked point. I do not think the subscription coins will be in circulation. Now how will that affect value if they are ALL shiny and brand new? >>



    But don't lose sight of the fact that all old coins didn't circulate and nearly half a trillion moderns have.

    This can't be used to differentiate moderns from classics.
    tempus fugit extra philosophiam.
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    ZoinsZoins Posts: 34,487 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I guess it's okay to sell old coins for profit but not new coins. >>

    Help me out.

    Coins circulate, correct ? Will this newer stuff be in circulation ? Not knocking anyone but I think there is a world of difference between the terminology when "Old Coins" and "New Coins" is used within a statement.

    Ken >>

    That is an excellent, simple, but overlooked point. I do not think the subscription coins will be in circulation. Now how will that affect value if they are ALL shiny and brand new? >>

    I've been surprised to see a bunch of raw, banged up ASEs at the local pawn shops. I'm still trying to learn more about the people using these this way.

    Were premodern commem halves intended for circulation? If not, would these be Classic Crap image

    I've also read that the Gobrecht dollars did circulate but many type sets don't include these coins.
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>But don't lose sight of the fact that all old coins didn't circulate and nearly half a trillion moderns have.

    This can't be used to differentiate moderns from classics. >>

    True. They only differentiate *type*. For example, the vast majority of dimes and quarters minted today will circulate (even if they stay in change jars for months or years at a time). I don't think many commems or so-called "bullion" issues will circulate. For one thing, people are so used to their change not *changing* (except perhaps for the State Quarters) that they wouldn't know what to do with legal tender of an unfamiliar design.
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    The three coin SAE sets sold from the mint for $100. The first PCGS PR70 - PR70DCAM - MS69 set to sell on eBay brought over $9K. Many sets sold in the $5K to $6K range, and the sets still bring over $2K. The PR70 reverse proof alone is about $1500.



    Certainly better than cutting lawns or selling newspapers...






    image
    image
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    cladkingcladking Posts: 30,123 ✭✭✭✭✭


    << <i>

    << <i>But don't lose sight of the fact that all old coins didn't circulate and nearly half a trillion moderns have.

    This can't be used to differentiate moderns from classics. >>

    True. They only differentiate *type*. For example, the vast majority of dimes and quarters minted today will circulate (even if they stay in change jars for months or years at a time). I don't think many commems or so-called "bullion" issues will circulate. For one thing, people are so used to their change not *changing* (except perhaps for the State Quarters) that they wouldn't know what to do with legal tender of an unfamiliar design. >>




    Now days dimes and quarters might sit in change jars for years at a time but that wasn't true
    until very recently. A dime was a lot of money in 1973 and people didn't keep large numbers
    sitting around. The velocity of the coins was low by the standards of 1926 nickel but they rarely
    sat in one place for very long. Starting in 1972 the FED adopted FIFO accounting and began
    rotating their coin stocks; whichever coins had been in storage the longest were the first to be
    issued when more were needed. This combined with the nearly steady movement of these coins
    has affected virtually every single specimen. If you gather a bunch of the same date old clads
    you'll see that they are all worn nearly equally. They'll usually lie on a bell curve by condition but
    the high and low ends are close together.

    Even today dimes and quarters probably spend less time not circulating than you might think.
    Look at the 1995 quarters. This was the last quarter to enter circulation normally because the
    states issue have interferred with normal distribution so later coins got into change over a longer
    period of time. 1995 quarters are usually seen in VF to a high grade XF with a few AU's. If there
    were large numbers of quarters sitting idle then there would be a lot more AU's.

    It used to take about 18 years of circulation to totally eradicate all the AU's of a date. 2006
    coins are likely to require more on the order of 25 years.
    tempus fugit extra philosophiam.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    THIS THREAD WAS SUPPOSED TO BE A JOKE!!image
    image
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    cladkingcladking Posts: 30,123 ✭✭✭✭✭


    << <i>THIS THREAD WAS SUPPOSED TO BE A JOKE!!image >>




    Crap happens.
    tempus fugit extra philosophiam.
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    << <i>THIS THREAD WAS SUPPOSED TO BE A JOKE!!image >>



    evidently you suck big time at jokes




    image
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>THIS THREAD WAS SUPPOSED TO BE A JOKE!!image >>



    TS baby! We are having a serious numismatic discussion here.
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    << <i>

    << <i>THIS THREAD WAS SUPPOSED TO BE A JOKE!!image >>



    evidently you suck big time at jokes >>



    image

    And, if no one's told you yet, that horn of your's you're tootin' is just a frickin' kazoo! image
    FULL Heads RULE!
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    JulioJulio Posts: 2,501
    JMO. I do not believe Saint would in any way, shape or form, hurt, or harm a yn. or anyone else for that matter.
    Notlogical, IMO, probably saw the thread for what it was. He is a smart yn. with a sense of humor and has contributed greatly to this forum as has Saint.
    My gut tells me that this has already been settled through PM's. jws
    image
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    SwampboySwampboy Posts: 13,239 ✭✭✭✭✭
    I really don't have time to read all seven pages of this thread. So just tell me!
    Do most of you by bags or rolls of the State Quarters? and do the bags have any chemicals on them?

    "Inspiration exists, but it has to find you working" Pablo Picasso

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    saintgurusaintguru Posts: 7,728 ✭✭✭
    May I say BITE ME to 50% of you?

    Thanks.

    BITE ME!!!!!image
    image
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    << <i>May I say BITE ME to 50% of you?

    Thanks.

    BITE ME!!!!!image >>




    i think you've already been bit in this thread ............... several times !

    image
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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>

    << <i>May I say BITE ME to 50% of you?

    Thanks.

    BITE ME!!!!!image >>




    i think you've already been bit in this thread ............... several times !

    image >>



    Oh, I think not. You butting in at the last minute is a bite though. Nice try.
    image
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    mr1931Smr1931S Posts: 7,040 ✭✭✭✭✭
    Chateâu Lafite-Rothschild 1922 before and after my bite, if you please.
    image

    If a picture wasn't going very well I'd put a puppy dog in it, always a mongrel, you know, never one of the full bred puppies. And then I'd put a bandage on its foot... I liked it when I did it, but now I'm sick of it.
    Norman Rockwell

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    << <i>

    << <i>

    << <i>May I say BITE ME to 50% of you?

    Thanks.

    BITE ME!!!!!image >>




    i think you've already been bit in this thread ............... several times !

    image >>



    Oh, I think not. You butting in at the last minute is a bite though. Nice try. >>



    Oh, i butted in quite early too.

    imageimage
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    MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭


    << <i>The three coin SAE sets sold from the mint for $100. The first PCGS PR70 - PR70DCAM - MS69 set to sell on eBay brought over $9K. Many sets sold in the $5K to $6K range, and the sets still bring over $2K. The PR70 reverse proof alone is about $1500.



    Certainly better than cutting lawns or selling newspapers...






    image >>



    Well?? Presently, I'm looking at over 2000% on a bunch of SAE 3-coin sets, even after Uncle Sam gets his due.

    Guess I'll have to buy a few Fab Fives.....after the W-Plats go Ka-Ching.........image

    Repeat after me!!! Profits into Classics, profits into classics......image
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    I agree. You need some FabFives.

    Call me and I'll tell you which ones to get. image
    image
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    FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>Were premodern commem halves intended for circulation? If not, would these be Classic Crap >>



    Anytime anyone pays over face for an old coin - it becomes classic crap. It's not like it will ever be spent on anything.

    Collector Coins are not really "money" anymore - they have become round shiney metalic collectable objects.

    imageimageimage
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    PerryHallPerryHall Posts: 47,558 ✭✭✭✭✭


    << <i>Been a lot of sh*t stirring threads lately...pretty sad. >>



    People that do this used to be called TROLLs. I think they get their jollys by creating controversy under the guise of trying to help people see the error of their ways. Let's not keep feeding the trolls.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    rickoricko Posts: 98,724 ✭✭✭✭✭
    image Cheers, RickO
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    Wow. First time I think I've seen Saintguru spanked like this.
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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>Wow. First time I think I've seen Saintguru spanked like this. >>




    You haven't seen it here either.
    image
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    << <i>You haven't seen it here either. >>



    Denial is the first sign!
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    OK...you know everything. image
    image
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    53BKid53BKid Posts: 2,182 ✭✭✭
    Closing out the year, this has to be one of the more bizarre contentious threads in a long time.
    HAPPY COLLECTING!!!
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    It would be better if fatman didn't edit his stupid posts.

    Too bad...you get the edited version. image
    image
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Must be time for me to do a BIG GIVEAWAY since my last one ended yesterday.


    yeah riiiiiiight!
    image
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    Coins circulate, eventually get lost and/or wear out causing mintage numbers to decline. Modern bullion and commemoratives never circulate keeping original mintage figures. Now the government will band melting of modern crap. Sounds like a government monopoley to me.
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    Hey Asin, the topic here is kicking saintguru's tail some more. Modern bashing was sooo yesterday.
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    saintgurusaintguru Posts: 7,728 ✭✭✭
    Wake me up when you think you got me Torero.image

    Let's also note that saintguru only made ONE post re. modern coins.

    The cascade of hysteria that followed was by the deeply offended thinskins. tsk! tsk!
    image
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    << <i>It would be better if fatman didn't edit his stupid posts.

    Too bad...you get the edited version. image >>

    Jay, I am amazed that you are unable to get it. I removed my posts because you removed your inappropriate image in reply to Notlogical's post. That was my objective. Nothing more, nothing less. But the fact is your action was too late. The forum has now lost an outstanding YN. Notlogical is no longer allowed to post here because his parents feel the content posted by you is inappropriate for a 13 year old. The content is not for me to judge, but it is for his parents to judge. The fact that when his father asked you to be sensitive to the young boy was greeted with a "Crybaby" only solidified his decision. Your lame explanation that you didn't know he was a YN or that his father replied only shows how far you have your head up your azz. You must be the only member on this forum with over 1000 posts that did not know that. But I understand because you are so into yourself that the only posts you read are your own. Lucy had it right. All you needed to do was a simple apology. But your head is so buried you didn't do it. I posted directly to the thread instead of a PM because it was clear to me that the only way to get you to act correctly was through peer pressure. After all, you already laughed at the YN's father's request so I really doubt that my request by pm was going to be honored. And, your replies in our other PM's only confirms my belief.
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    Which is thinner skinned? Deeply offended modern collectors or the putty on your saints? image
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    saintgurusaintguru Posts: 7,728 ✭✭✭


    << <i>

    << <i>It would be better if fatman didn't edit his stupid posts.

    Too bad...you get the edited version. image >>

    Jay, I am amazed that you are unable to get it. I removed my posts because you removed your inappropriate image in reply to Notlogical's post. That was my objective. Nothing more, nothing less. But the fact is your action was too late. The forum has now lost an outstanding YN. Notlogical is no longer allowed to post here because his parents feel the content posted by you is inappropriate for a 13 year old. The content is not for me to judge, but it is for his parents to judge. The fact that when his father asked you to be sensitive to the young boy was greeted with a "Crybaby" only solidified his decision. Your lame explanation that you didn't know he was a YN or that his father replied only shows how far you have your head up your azz. You must be the only member on this forum with over 1000 posts that did not know that. But I understand because you are so into yourself that the only posts you read are your own. Lucy had it right. All you needed to do was a simple apology. But your head is so buried you didn't do it. I posted directly to the thread instead of a PM because it was clear to me that the only way to get you to act correctly was through peer pressure. After all, you already laughed at the YN's father's request so I really doubt that my request by pm was going to be honored. And, your replies in our other PM's only confirms my belief. >>



    Can't let your mouth stop, can you?

    You jumped ON MY ASS from the get-go. I do NOT accept your assumption that EVERYONE knows who is and who is NOT a YN...and I resented your self-righteous decree of "decency". This isn't your kangaroo court. Had you been "decent" by pointing this out in a more polite manner maybe things would have played out differently. Buy you were the one who was immersed in self-adoration. As for the kid being kicked off the board, if that picture was that offensive to Cornhusker, then he better take the kid's computer away, because that was a damn cartoon...and there's far worse on TV, kid's magazines and kid's web-sites. Get off of your pulpit and stop preaching.

    Do me a favor. Ignore my posts. We'll both be happier.
    image
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    MrEurekaMrEureka Posts: 24,719 ✭✭✭✭✭
    SG - Now that our YN is gone, and since I missed this thread and the offending image, please repost the image so I can see what this was all about.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    FatManFatMan Posts: 8,977
    Hey Jay, this is a coin forum. Notlogical posted a very intelligent question to your thread and was met with an image of Spock and Kirk sharing a tub with your caption "Relax Spock". Why should coinhusker or any parent expect images like that to be posted on a coin forum?

    You are barking up the wrong tree with your assertion that I am some kind of religious zealot. There are way too many around here that know me and must be finding that characterization hysterical. All I am doing is trying to protect the children. So let me ask politely: Jay, will you please keep your posts coin related?
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    cladkingcladking Posts: 30,123 ✭✭✭✭✭
    I don't think there are many threads in which Saintguru and the YN both replied so
    it's not all that surprising that he missed this. The kid also is very well spoken and
    comes across as an adult so this further reduces the chances of people knowing.

    We should all keep in mind that in this venue the only way we have to judge intent
    is by reading in between the lines and counting smileys. It is not wise to assume
    that the other person chose the best possible words to express his thoughts. Gen-
    erally just ramping it down if you think you should be offended will stop some of these
    things but, as has been suggested, pm's are an excellent tool to discover intent without
    derailing threads.

    It would be difficult to blame anyone for how this thread has progressed but we prob-
    ably all had a hand in it.

    Maybe the solution is to ban anything that even resembles a modern bashing thread. image
    tempus fugit extra philosophiam.
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    << <i> The forum has now lost an outstanding YN. Notlogical is no longer allowed to post here because his parents feel the content posted by you is inappropriate for a 13 year old. >>





    If that's true, it seems like kind of a dramatic overreaction for a silly cartoon of Star Trek characcters in a bathtub. Still, certainly a parent's prerogative. But reading through the thread, I can't really say, "Oh you horrible man, we've lost an outstanding YN and it's ALL YOUR FAULT image " or anything like that. I just can't get on that bandwagon. Maybe it's for the best anyway as the boards can be a bit raucous at times, and aren't really meant for sensitive young eyes. On a practical note for Notlogical, there's another coin forum called coincommunity.com, which is pretty active and bills itself as "the family coin forum" or something similar, which might be better for little kids.
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    FullStrikeFullStrike Posts: 4,353 ✭✭✭
    image

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