| Starting a coin collection specially for your children | | | | Encouraging your child to see coin collecting as a |
| can be fun and rewarding. More than that, it can | | | | hobby is not necessarily easy, but still possible. |
| be educational as well. A lot of parents start a | | | | Try to motivate them to like coin collecting by |
| coin collection for the sake of their children and | | | | helping them realize the importance and benefit |
| the generation after. It is quite a thrill to collect old | | | | they can get from it. Kids love the idea of |
| coins and show your kids how the mode of | | | | treasure trove. |
| currency has changed over the years. | | | | There are several coin types that your child can |
| Collecting coins is also a type of investment | | | | appreciate namely Buffalo Nickels, Jefferson |
| because coins that were inherited from past | | | | Nickels, Mercury Dimes, Roosevelt Dimes, Wheat |
| generations can be more valuable than a brand | | | | Cents and Indian Head Pennies. Start with these |
| new a hundred dollar bill. | | | | and then show them to your child. Sit down with |
| Coin collecting if not controlled can break the bank | | | | him and tell stories about the coins, this will build |
| so here some boring but timely advice to help | | | | their interest in them. |
| avoid the pitfalls. | | | | Keep Your Collection Safe |
| Decide the amount of money that you want to | | | | However you decide your coin collection may be - |
| spend weekly, monthly or yearly on buying old | | | | investment or heirloom, or just for fun, make |
| coins. A worthwhile coin collection is not just a | | | | sure that it is safe, both for you and your |
| collection of old pennies that cost little. But buy | | | | children. If you plan to stash your valuable coins at |
| very old currency that was used even during | | | | home it's probably a bad idea. |
| ancient times which means, they are quite | | | | That could be a pretty good reason to be robbed. |
| expensive. | | | | Best thing to do is get a safety deposit box and |
| Decide why you are collecting. Is to educate your | | | | keep them in the bank. If your collection is not |
| children? Is it as an investment for their future? | | | | too valuable you could have a hiding place in your |
| Or is just to introduce them to the fun of | | | | home. |
| collecting? You have to decide whether or not this | | | | If your children are actively collecting coins |
| collection will continue for years or it will stop at | | | | themselves, make sure that it is kept in a safe |
| some point in your child's life. | | | | place where visitors or strangers will not see it. |
| Budget: 50-100 dollars per year | | | | Again the collections your children build may |
| So let's say you going to spend around 50-100 | | | | become valuable so help them to store them |
| dollars a year. With this kind of budget, you could | | | | safely and appreciate their value. |
| buy several kinds of coins namely the Mint sets, | | | | Coin collecting as an investment for your childrens |
| fancy Silver Proof coins or sets and/or cheaper | | | | future must comprise some ancient coins and |
| uncirculated coins or sets. Search the Internet for | | | | some precious metal coins like the American Eagle |
| probable coin prices, check recent sales and | | | | Silver Dollars. Collecting coins to educate your |
| auctions. | | | | children should include coins of the world. |
| Motivating your youngsters | | | | |