Coins As A Legacy For My Grandkids

Get them something nice so they can make an appearance on Antique road show or get a "fair price" for your item on a show like Pawn Stars. I can see Rick Harris saying "I got overhead. . ." and the kid really doesn't has an interest in the item and just hands it over. It'll get em on TV though and a lot of people love that.

I would say begin buying some coins now, and when your granddaughter is about eight or so, you can start trying to get her interested in coins by taking her to flea markets and such, sharing any coins from any world travels you or friends might have made, etc. My father got me interested at about that age - partly it was my intense curiosity about other countries and having these little tangible pieces of them in the form of their coins (and my dad's army, so many of his coworkers gave me coins when they got back from overseas trips or tours). From there I started getting into American coins.

So I say start her now by just cultivating an interest in geography on her part (and the boys when they're old enough), maybe giving her some coins from countries she's particularly interested in, and building a collection of your own for now. Then, as they get older and maybe start getting interested in the coins as coins, start building a small collection with them - take them to the flea market, the coin shop, the coin show and give them a budget of say $40 to spend on any coins they want. They might do what I did and run to the world coin 5/$1 bin and spend a few dollars there, then buy some wheat cents (I had a thing for steel cents when I was eleven) and maybe a silver dollar. Who knows. But to get there, you have to cultivate it. Put in the time.

You sound like a great grandfather, by the way. I'd count myself lucky to be one of your grandkids.

Don't give them any coins.Enjoy the money for you and your significant other.When it is all said and done, leave them MONEY. Less problems and way less complicated . If want to have coins for yourself that is good . Enjoy the hobby and buy the best you an afford for POSSIBLE appreciation.Never buy coins as an investment vehicle.

to CCF. I would say key coins. They should hold their value if not increase. Also precious metal coins is a good idea if you can buy them at the low end prices.
John1

Considering I am 27 and don't have kids but do have a 4 year old nephew. I introduced him to coins last year letting him play with worn out Buffalo nickels, junk silver, etc and he likes it. I got him a few State Quarter sets to see if he likes it as he gets older. If he continues to like it I will give some coins from my collection, if he doesn't then I will keep the coins for myself and pass them down when I do eventually have kids. My philosophy is why waste money on a hobby no one will,appreciate or possibly sell my Morgan dollars for cheap.

Now for sets you should collect.
1. Morgan dollars- without a doubt the most popular coin to collect period. Always buy certified by ngc or pcgs tip you acquire a good enough eye to buy raw coins without getting ripped off.
2. Walking Liberty half dollars - you can easily complete a raw set for under $1000. The 21 and 21d will set you back 300-400 or so for both alone. Or buy high grade common date ones certified again by ngc or pcgs.
3. A personal favorite of mine Mercury dimes- buy high grade and will full bands they add a premium again buy certified.

Hope this helps

I did want to add that when they were born we started trust funds for each. My wife makes far more than I so she is in charge of managing them. I decided on coins because I am having the ball of a lifetime collecting them. I am 60 so I have a few more years to go so I can have fun and leave them what I have amassed as "my" collection. The advice to buy certified higher end coins put a huge smile on my face!

When I posted before, I did not know the level you were thinking
of spending for this adventure.

With this new information, I would suggest other coins than
I was thinking before.

I would go with Morgan's and Classic gold. I might look
for some that would make it personal. Like gold coins that
are 100 years older than the grandkid.

Another suggestion would be classic and modern commemorative
silver. My grandson likes looking at them.

Years ago I read a article where experts think long term,
that modern commemorative dollars will gain in value.
Right now they are very reasonable, and is possible to
put a set together.

Here is a old link to some of mine .. just to give you a
idea what they are like.

https://goccf.com/t/113108

I suggest whatever coins you buy you get three alike. Coin future values are difficult, and think about one or two coins soaring in value. who gets it? Inheritance has caused many family feuds,so make it equal. And I would definitely include coins from the birth years, and maybe heritage coins from where your family lived in the past, like before America was settled. Meaningful and equal would be my suggestions.