Many people like to start a coin collection for their children, or grandchildren, as a kind of future investment for them. The collections can be given directly to the child at a certain age or as an inheritance. Some people also collect coins as an investment for their old age.
Before you start collecting coins there are two points that must be considered:
(A) You must understand that just like all other investments you will have to spend money for collecting coins too. So make an estimate of how much you can afford to spend each year or month for it.
(B) You must make up your mind about the actual purpose of this collection. e.g. through your collections you aspire to have a good amount of wealth in future or you hope that someday your child will take up the coin collecting hobby and you will present it to him as a legacy.
Before you start collecting coins there are two points that must be considered:
(A) You must understand that just like all other investments you will have to spend money for collecting coins too. So make an estimate of how much you can afford to spend each year or month for it.
(B) You must make up your mind about the actual purpose of this collection. e.g. through your collections you aspire to have a good amount of wealth in future or you hope that someday your child will take up the coin collecting hobby and you will present it to him as a legacy.
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