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Starting a Coin Collection for Your Children

 
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PostWysłany: Pią 11:10, 18 Mar 2011    Temat postu: Starting a Coin Collection for Your Children

Starting a Coin Collection for Your Children
Starting a coin collection especially for your
children can be fun and exciting. More than that, it
can be profitable too. A lot of parents start a
gallery of their coin collection for the sake of their
children and the generation after. It is quite a
thrill to fancy old coins and show your kids how the
mode of currency looks like, way back.
Collecting coins can also be a sort of investment
because sometimes, coins that were inherited or passed
on from generation to generation are more valuable
than a hundred dollar bill. Now, collecting coins can
be cool but there are a couple of pointers that you
have to take note of like:
• Determine the amount of money that you are willing
to spend for the sake of buying old coins. Remember, a
coin collection is not just a collection of old
pennies but an array of very, very,[link widoczny dla zalogowanych], very old currency
used even during ancient times which means, they are
quite expensive and relatively centuries old.
• What is your goal in collecting coins? For gifts?
Investment? Hobby? You have to decide whether or not
this collection will go on for years or it will stop
at some point in your child’s life.
Collection Budget
For the sake of discussion, we’ll tackle about
starting on a very tiny budget, much like 50-100
dollars a year. With this kind of budget, you could
buy several kinds of coins namely the Mint sets which
would not be more than $100. Fancy Silver Proof costs
about $40 same as with Uncirculated set which would
just amount at $25. You can go through the Internet
and search for probable coin prices which are not that
expensive and would definitely reach your budget.
Child Motivation
Encouraging your child to see coin collecting as a
hobby is thin, but very much possible. All you have to
do is motivate them to like coin collecting by making
them realize the importance and benefit they can get
from it. There are several coin types that your child
can appreciate namely Buffalo and Jefferson Nickels,
Mercury Dimes, Wheat Cents, Roosevelt Dimes and Indian
Head Pennies. Start with these and then show it your
child. Sit down with him and tell short stories about
the coins. This will somehow build a certain kind of
interest in him.
Safe Coin Collection
However you decide your coin collection may be –
heirloom or investment reasons, or just for fun,[link widoczny dla zalogowanych], make
sure that it is safe, both for you and your child. If
you’re planning to stash your heirloom and investment
coins at home, bad idea. You just gave yourself a
pretty good reason to be robbed. Best thing to do is
get a safety deposit box and keep them safe in a place
where you only know or if you really treasure your
coins, put it in the bank. If your kids are actively
collecting coins, make sure that it is kept in a safe
place where visitors or strangers will see. If your
child shows no more interest in his collection,[link widoczny dla zalogowanych], just
deposit his coin album in your bank. Never leave it
hanging on a drawer because burglars will definitely
take it for they are very easy to sell. Always teach
your child the importance of his coin collections and
tell him to keep the folders out of sight especially
when people are around.
The exclusionThe head teacher wrote to the parents of R and F telling them that neither R nor F could come back to school, but that they would be given help in completing their course at home. He should, of course, have told the parents immediately, ideally by telephone followed by a letter, of their right to make representations to the governing body.


[link widoczny dla zalogowanych]


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