I am a 71 year old grandma. Got interested in coins when I started seeing posts on Facebook about error coins. I had started saving change for my first grandchild and was thinking about opening a savings account for her when I got to $100. Then I realized that checking the coins first might be the smartest option. So I have started checking them and must admit I am so confused! There are so many error types! Anyway, please be patient and understanding if I ask questions that seem stupid or redundant. I find all of this fascinating and really want to learn.
TxYellowRose. Happy to have you aboard. Let me first say that very few people ever get wealthy by collecting coins. We collect for the fun and passion of the hobby. Error coins are a specialty field which requires considerable knowledge. Many people think they have an error coin when in fact a large number of them turn out to be simply damage. Posting large clear pictures of both sides of the coin in question will allow us to advise you. I commend you on your efforts to look after your grandchild's future and I am not offering financial advice but a savings account with the little interest it produces is not a good choice in my opinion. The money would be better invested in silver or gold as a hedge against inflation. Perhaps stash away some 1 ounce silver eagle coins or bullion, a few each month. Not only will it outperform a savings account in the long term but you will have physical possession of them to show to your grandchild. We look forward to seeing what you need help with.
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