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 Replies: 27 / Views: 5,183 |
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Pillar of the Community
Canada
3692 Posts |
realpenny: are you saying buy the baby the book? lol
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Pillar of the Community
Canada
1051 Posts |
Ugly already posted my Two Cents. 1/2 oz. Au Maple or 1 oz. Pd Maple. I really like palladium, as any sort of supply disruption can cause an enormous price swing. I got a 1978 dollar for my birth coin, and I managed to beat it up pretty well. Maybe get one nice coin, and a mint product cheapie, so that the nice coin can stay tucked out of harms way until the kid is old enough to care for it properly. |
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New Member
Canada
42 Posts |
I buy $100 gold for grandchildren and nieces and nephews and then each year thereafter I send a proof set for their birthdays. As for saving them - that is up to the parents of the child but for the child - I also send/give a 2x2 page with circulation coinage issued that year for their "money book". My grandsons love to look at their money books and like me to tell the stories that go with each year - year of birth, special quarters, victory nickle etc. Building a money book is building a life story for the child that he/she will remember and hopefully carry it on.
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Pillar of the Community
Canada
1733 Posts |
I agree with that , I've given a hands on set of circulation coinage and birth year presents included the 2000 Dragon 1/2oz gold bar and other Y2K goodies. While there is pride in the big value coins, they are hands off items. The coin holders are way more popular, look, feel, flip pages and generally experience hands on satisfaction for the young ones.
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Pillar of the Community
Canada
3692 Posts |
1cent: I wouldn't bet on a long-term palladium coin. Mid-to short term only. Do you know HOW volatile palladium is? We could invent some crazy technology that no longer needs platinum or palladium. I'd go for gold, not palladium for a newborn.
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Valued Member
Canada
78 Posts |
I really like the palladium maples.
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Pillar of the Community
Canada
1051 Posts |
Time will tell Libertad. Gold is a safe bet, palladium is more of a high risk
roll of the dice, but has the potential to leave gold standing still under the
right circumstances. At less than half the price of gold, days like today are
becoming more common: gold is up about $4, Pd is up 12. On a dollar cost basis,
that means Pd is outperforming Au by a margin of 6 to 1 on these days.
My only complaint about Pd is that it's hard to find anywhere close to spot. To get
a decent price, a person really needs to go to a kilobar or a Russian 100 ouncer.
Not long ago, a kilobar could be had for somewhere around $6000, now it'll set you
back over $18,000. I'm kicking myself for not liquidating other metals and buying
one when they were within reach!
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Valued Member
423 Posts |
@Libertad: I'm saying save for the kids higher education first. But hey, maybe the OP will pick the right coin and he'll never have to work a day in his life. =P
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Pillar of the Community
Canada
1051 Posts |
realpenny, just to finish beating this dead horse, gold has returned an average of 15% per year for every year of the last 10. No bank account can match that. No RESP can match that. I don't "invest" in metals, I "save" in metals. So while I agree with that you said, there's a way to have your cake and eat it too in this case.
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Valued Member
423 Posts |
@1cent: No! the horse must stay alive for 18 more years. So what's a 1/2 oz. Au Maple go for (closest to spot you know of) and what will it be worth in 18 years from now - just for fun. Is it like $600 and $7425?
Edited by realpenny
04/22/2010 02:16 am
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Valued Member
Canada
62 Posts |
Gold is always going to be a safe bet, and no evidence exists that its price will begin to trend downward. As far as numismatics, the 1/25-oz. pure gold coins make a nice gift and good investment at a decent price (as far as gold coins go). The RCM charges a high premium above spot, but every coin in that series has appreciated in value since its original issue. [i.e. The 2004 'Moose' was issued at $69.95CAD and today commands up to $150 or more in the secondary market. The other coins in the series have appreciated similarly.] |
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New Member
Canada
38 Posts |
The Peanuts Tribute coin would be nice! Too bad it's sold out.
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Pillar of the Community
Canada
3692 Posts |
Lol, yeah, too bad. The navy silver dollar is looking to be the best of the year so far. That is, unless you liked the new 1935 comm silver dollar.
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Valued Member
United States
294 Posts |
I have another perspective. I am collecting American Silver Eagles for my granddaughter, starting with the year she was born. They are affordable, and look very good. No matter what the current price is when she decides to cash them in, anything she gets is pure profit for her, as she would have nothing invested in them. So it does not matter to me whether the coins increase or decrease in value. It's a nice sentimental gift that she will be able to do what she wants to with, and it will always be worth something. If you're looking for investment potential, IMHO there are safer ways to invest in the future other than coins.
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Pillar of the Community
555 Posts |
There is a birth year set for 2010, with a baby carriage on the front.
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Replies: 27 / Views: 5,183 |
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First Page
Posted 04/21/2010 01:34 am
