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 Replies: 19 / Views: 1,033 |
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Pillar of the Community
United States
715 Posts |
Alright, that's a bit of hyperbole but, when grandkid was born I gifted him a quarter eagle. Subsequent grandchildren received the same treatment. For each grandchild's birthday they received 5 ounces of silver, originally in the form of a 5 ounce ATB coin. I also gifted them a similar amount at Christmas time. I now have 5 grandkids. A couple years ago I stopped giving silver in the form of the ATB's and just give two 5 ounce bars to each of them. You can do the math and see how much this tradition is going to cost me at present levels. Grandkid #1 is now 13, so he's sitting on a nice little stack. First birthday isn't until June and I'm wondering if I should by the silver now, or later. For those of you who may wonder I'm not looking to adopt. |
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Pillar of the Community
 United States
715 Posts |
Maybe I should switch to copper.
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Valued Member
United States
465 Posts |
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Bedrock of the Community
United Kingdom
17878 Posts |
Maybe you should have chosen a fixed amount in dollars, and it would have got cheaper with inflation! When good friends of mine had 6 grandchildren within the space of a few years, I started a tradition of sending each of the kids a Christmas card with a chocolate coin and a £5 note inside! 20 years later, some of them are probably earning more than me, but their parents say they'd be upset if I stopped doing it, so the tradition continues! I daresay these youngsters are so used to doing everything online these days that getting a real £5 note is quite a rare event!
Edited by NumisRob
01/29/2026 05:19 am
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Bedrock of the Community
United States
19108 Posts |
Interesting conversation. One of my younger family members is a rather shrewd Pokemon investor. So, I help build his stash of product on birthdays.
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Pillar of the Community
United States
1182 Posts |
You could perhaps switch it up and find another, smaller, bar/coin/round to give each that has a more similar monetary value to years passed. They'll appreciate the same, relatively.
That way they're still getting the same "monetary" gift, I'm sure they'll understand. You could perhaps use it as a visual learning experience to show them how the value of their stacks has grown!
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Pillar of the Community
 United States
8724 Posts |
Quote:
For those of you who may wonder I'm not looking to adopt. Are you sure? I'm a pretty good boy, most of the time.  Very cool what you are doing and hope you are able to continue. Quote:
Maybe I should switch to copper. At $6 a pound, that would be much more affordable than $1900.  I've actually thought about selling my copper cents I have kept over the years while searching rolls, got a few hundred pounds now I guess. -makecents-
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Moderator
 United States
187446 Posts |
No one would fault you for scaling back or pausing the gifts.  If they do, well, then you know it was the metal and not your love they appreciated.  |
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Pillar of the Community
United States
2213 Posts |
Very nice of you to give grandkids precious metals. I gave each grandkid 1 gram gold bar at birth, one silver eagle year of their birth, one Morgan dollar and one Peace dollar, they are in the parents safety deposit boxes. Instead of continuing to give them PMs I started 529 tax free college savings plans, began with $500 each. But the more grandkids I got the less I wanted to put in their 529s each year, currently two hundred dollars each. That's not much but will help them a little in the future. Of course that's in addition to all the other things, presents we do for them each year. I'm secretly hoping for no more grandkids, nine is enough for me LOL. Edited by livingwater
01/29/2026 11:06 am
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Pillar of the Community
United States
2113 Posts |
I know a man from the Bronx, NY, who kept putting money into his then-2-year-old son's account.
The kid turned 18, never worked (spoiled), and was able to withdraw the money.
This kid is no longer with us, overdosed on drugs from his father's saved money.
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Moderator
United States
187446 Posts |
That is terrible.  |
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Pillar of the Community
United States
715 Posts |
I could pull back and no one would say boo. One set of grandkids are 4 and 7, so they have no conception as to what is going on. Their parents, while very well educated are almost as clueless. Pretty sure if I asked my daughter what the current spot price of gold is she'd reply, "Huh?" When I give them the coins/bars they put them in their safe at home and they're forgotten.
Daughter #2 has a 13, 10, and 6 year old. I don't think they even know about what I've done. My daughter has a PhD, but would probably answer the spot price question like her sister. My son-in-law is somewhat knowledgeable and might get close. They also say, "thank you," and throw them (the metal, not the kids) in a large safe they have at home.
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Pillar of the Community
United States
715 Posts |
The 10 year old collects Lincoln cents (at grandpa's urging).
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Pillar of the Community
United States
6449 Posts |
I don't think it's wise to automatically buy a liquid asset regardless of price. Investments are investments. When one asset class gets overheated, you switch to a currently undervalued class. Perhaps you would be better off contributing a cash amount to a 529 plan or trust.
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Pillar of the Community
United States
8724 Posts |
What kind of Lincolns does the 10 year old collect? Particular dates, varieties? I might be able to help you out with a care package for them.
-makecents-
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Moderator
United States
187446 Posts |
Quote:
The 10 year old collects Lincoln cents (at grandpa's urging).  Quote:
Perhaps you would be better off contributing a cash amount to a 529 plan or trust. Not a bad suggestion.  |
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Replies: 19 / Views: 1,033 |
Posted 01/29/2026 01:16 am
