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In Kinda New To The Game And Need All Of Your Help

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Author Previous TopicReplies: 13 / Views: 1,389Next Topic  
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johnnybingo's Avatar
United States
18 Posts
 Posted 08/24/2011  9:43 pm Show Profile   Bookmark this topic Add johnnybingo to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

hey everyone I'm writeing this because I need advice on coin sets us or foreign. I have a beautiful 4 yr old and I wanna collect these coins not only because I love doing it but I also wanna do it to invest in her furture as well so what I'm asking is what is the best way to get really good sets or any tips on makeing these sets and should I keep collecting errors as well with them? also keep in mind I dont make much money at all and I really wanna do sumthing special for her and have sumthing rare for her in the future so any info would help greatly thank u
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Buddy's Avatar
United States
7075 Posts
 Posted 08/24/2011  10:07 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
johnnybingo, I am sure that there are many people here who can give you a better answer than I can and I am looking forward to seeing what they suggest.

Collecting doesn't have to cost much at all. I have never put together a set but I have just kept any coin that was made before I was born (1955). So I had a jar of stuff to go through. I just always checked my change and kept the old stuff.

Just this past year I got interested in really learning about US coins and I got the Red Book which has the values of the coins. These prices are not entirely accurate but the book will give you an idea about what to look for when you check your pocket change. I now collect coins from all years. I store the best ones in 2 X 2's and the rest in coin tubes. After I learn more about grading coins I will probably start to sell some of my collection.

You can also go to your bank and buy rolls of coins to search through and that doesn't cost anything because you give them paper money and go home with change. You search the change, keep the good coins that you find, and take the rest back to the bank.

I have been looking up every coin in the Red Book just to learn. And this site has a lot of information on each coin in the US Coin Facts section.

Good luck.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 08/24/2011  10:08 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
I recently bought ASE's for my niece and nephews from their birth years. Some are older, so a proof set would be 5 coins, one is young and his would have 10 coins. I didn't know if they would eventually collect coins or not.
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johnnybingo's Avatar
United States
18 Posts
 Posted 08/24/2011  10:16 pm  Show Profile   Bookmark this reply Add johnnybingo to your friends list Get a Link to this Reply
thank you for the info you guys and to fuzzy thats a great idea I was thinking about buying bars of 1 ounce silver for her but I like the coin thing better with the year she was born ty and please everyone share more I and everyone else could use all the info and ty
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 08/24/2011  10:21 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
I also bought ASE holders that say Happy Birthday. These will be included with other Christmas gifts. I hope they will keep them, but they can sell them if they want to or need to.
Valued Member
Bilboleslie's Avatar
United States
137 Posts
 Posted 08/24/2011  10:29 pm  Show Profile   Bookmark this reply Add Bilboleslie to your friends list Get a Link to this Reply
My best tips on building a collection:
1) On a limited budget, collect what you like, and collect in the best grades that you can afford.
2) Tell your family and friends that you are collecting. Coins will come your way. Especially, talk to grandma and grandpa and to Uncle Joe.
3) Buy a couple of good coin books, and read them.
4) Search for circulation coins. Pick something and go for it. Half dollars? Pennies? Whatever is just fine. But bags from the bank, if they will sell to you , and search like mad.
5) Remember to collect while you travel. Different areas offer different coins.
6) If you are at a garage sale, and it looks like too good a deal, it is probably a fake. But not always.
Bedrock of the Community
United States
20753 Posts
 Posted 08/25/2011  11:11 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Try to remember that a childs likes and dislikes change from minute to minute. Attempting to make something for her that she will like in 20 years is like guessing at the price of a new car in 20 years.
I suggest not spending any money on Silver, Gold, bullion types at all. DO NOT buy coins either. Just go to a coin or hobby store and purchase one or more of those Blue Whitman Folders for Cents (Pennies).
They are cheap but not good for long term or expensive coins.
Start looking in your change, ask friends, neighbors, relatives for any old Pennies for those Folders. Take your time trying to fill one or more. Nickels too are similar where you could get some from everywhere without buying them.
At 4 years old she would have no or little interest and possibly even in 20 years she may not care at all for them. But at least you could show her you tried.
If you look around at a coin store, coin show, hobby shop, etc. you would notice that the people that work there and most of the customers are MEN. Women, as a general rule, just don't like what is sort of a MEN'S hobby.
This makes it really difficult to try to decide on what to do about their futures.
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johnnybingo's Avatar
United States
18 Posts
 Posted 08/26/2011  01:26 am  Show Profile   Bookmark this reply Add johnnybingo to your friends list Get a Link to this Reply
ya well heres the thing I dont care if she picks up the hobbie or not what I care about is wen I croke she has sumthing she can look at and say wow dad really liked this and did it all for me and now I'm gunna buy a new house lol or car or ring or keepem and give them to her children who knows but thats why I'm doing it I know its a man type hobbie but ud be surprised how many woman know there stuff as well trust me its money lol but anyways I thank you all for the advice and like I said in the last one keep it coming thank u
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 08/26/2011  02:00 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
First of all

Collect what you can afford.
Have a good look at your small change, You will be amazed at what you can find.
Invest in a couple of good coin books and you will know what to look for.
It is a great idea to set up your kids for the future.
But the most important thing is to ENJOY the collecting.
Pillar of the Community
Bizybackson's Avatar
United States
1817 Posts
 Posted 08/26/2011  03:08 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
Here's the simplest suggestion: skip the silver 1 oz. bars, those are really for investors and have no value apart from their metal content. When you give your daughter this, she'll go, "what was dad thinking?' Since she is four, start with her birth year and buy that year's corresponding American Silver Eagle, aka ASE. ASEs are minted by the US Mint and can be bought at a precious metal dealer or coin dealer for a few dollars above the current spot price and contain 1 ounce of silver. Catch up to 2011, and every year after, buy that year's ASE. When she is 20 or 25 or whenever, she'll have a nice tidy date run of silver eagles starting with her birth year to remember you by. It would be a really neat gift. Good luck & welcome to the community.
Bedrock of the Community
merclover's Avatar
United States
10635 Posts
 Posted 08/26/2011  03:47 am  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
I'd suggest purchasing a proof set from her birth year. And roll searching pennies and building a set is a slow yet fun and very inexpensive direction to try, as others have suggested. Keep us informed!

Les
New Member
johnnybingo's Avatar
United States
18 Posts
 Posted 08/26/2011  7:38 pm  Show Profile   Bookmark this reply Add johnnybingo to your friends list Get a Link to this Reply
awsum I didnt think of doing that with the proofs and ASE's ty thats wat ima do ty so much
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Libertad's Avatar
Canada
3692 Posts
 Posted 08/28/2011  7:49 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
You can't go wrong with yearly proof sets.
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JackB's Avatar
United States
1064 Posts
 Posted 08/28/2011  8:49 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
I was in the local Barnes & Noble bookstore today, and noticed they have a whole section devoted to collectibles, including some beautiful coin series books, like the states quarters and the National Parks series, etc... They were large, coloful books, looks like they would be a lot of fun to work on.
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