What would you spend this £1000 on?

I feel you’d answered your own question before you even posted. I’m with other posters I wouldn’t buy jewellery I’ve got sovereigns from my dad from 35 years ago they’ve gone from all time high to very low many times over 35 yrs my granddaughters are not interested in them either.

Would an amount like this be better used for extra lessons from a private tutor in the school holidays? Failing that, for experiences that show a child how many different things they could do more of in the future.

Perhaps a jewel? Diamond, sapphire or an emerald? My mother in law had a sapphire given to her in or around 1950. It was recently valued at 12,000 pounds.

ninamoore

I would buy a first edition children’s book in mint condition

That’s a good one ☝️

I wouldn't buy premium bonds if I had more than one child/grandchild/niece/nephew to buy presents for because if one of them won a huge prize it's seems a bit hard on the rest. I'd get some sort of savings account that's the same for them all.

I would buy a first edition children’s book in mint condition

Kateykrunch If you buy gold the price at the moment is at an all time high and will probably start to drop when savings interest rates start to climb again. If you do buy a sovereign you should buy it second hand as a new is almost double the gold value.
As others have said I would invest it in PBs but tick the box to re-invest any wins the bond has. If the person you are buying for is 10 and they will get the bond when they are 18/21 it could have accumulated a few wins and so they would receive more than you initially invested.

I’d do some research into collectibles of the future.
Maybe some item if technology that will be unusual and valuable.
For example, early video consoles from the 80s fetch a lot of money now.

I would get lifetime membership of the National Trust. We bought that for our oldest and youngest offspring on their 21st birthdays. The middle child chose a state of the art computer instead which was soon obsolete and worth next to nothing. The National Trust membership is increasingly appreciated by the other 2.

a rug, a painting or a sculpture..

Callistemon21

Interest rates are going up again too.

That's the most wonderful bit to happen lately!

Kateykrunch

Witzend

If it’s got to be an item, then gold, in sovereigns or Krugerrands. I wouldn’t buy jewellery- how on earth would you know what they’re going to like 10 or more years down the line?”

Oh they dont have to like it, its purely for the value to hopefully have grown so they can release funds from it. I think I agree, gold, sovereigns or Kruggerands, although land and trees sounds interesting.

Yes, but what you get from even good 2nd hand jewellery is often way less than what you paid. That’s why IMO gold by weight would be preferable - that is if you’re thinking of long term value.

Might add that I was keen to buy dd1 a diamond bracelet for her 18th but she said she’d probably only lose it (true enough) - she’d rather have the cash for ‘experiences’, which in her case meant travel.

I have a sovereign, it was one of the 21 given to my mother for her 21st birthday, in those days it was only worth face value. At todays prices they would probably be worth about £10,000. However it is 101 years since she was 21!

Interest rates are going up again too.

We pay every month into junior ISAs for the DGC. It is amazing how it mounts up.

I would spend it on a painting for each. I would buy 2 paintings by artists from the Newlyn School. The big names and their works command huge prices, but it is possible to get smaller paintings by less well known memebers,for £1,000.

Because this school of painters has big well known artists whose works command 10s of thousands of £s, the value of the smaller, less known works, should keep pace with the movement leaders.

In the meanwhile the paintings can hang on the wall, mine or DGC's and be a pleasure to look at. DGD, would certainly love to have a painting like this.

Witzend

If it’s got to be an item, then gold, in sovereigns or Krugerrands. I wouldn’t buy jewellery- how on earth would you know what they’re going to like 10 or more years down the line?”

Oh they dont have to like it, its purely for the value to hopefully have grown so they can release funds from it. I think I agree, gold, sovereigns or Kruggerands, although land and trees sounds interesting.

A painting or an antique clock

1987H2001M2002Inanny

Kateykrunch, why has your post/question changed soooo much from 11.15 this morning to 16.40 this afternoon ??????? If you move the goal posts how can people make an educated decision ??????

Well it was just for clarity really, I am looking for a physical item that isnt a pile of cash or a bond. I thought my Original post gave the substance of the idea, but perhaps I was vague, hence my ‘new rules’.

If it’s got to be an item, then gold, in sovereigns or Krugerrands. I wouldn’t buy jewellery- how on earth would you know what they’re going to like 10 or more years down the line?”

Luckygirl3

I would plant a wood!

Good idea.

I have bought trees in new woods and forests for my DGC but £1,000 would buy quite a lot of trees.

Kateykrunch, why has your post/question changed soooo much from 11.15 this morning to 16.40 this afternoon ??????? If you move the goal posts how can people make an educated decision ??????

As above I would plant trees.

I was gifted a gold sovereign as a ‘thank you’ by a very kind (and wealthy) woman. I'd forgotten I had it until reading this thread and I have no idea where it is, but it’s worth as it’s worth about £400 I may go and look for it while I remember I’ve got it. 😶‍🌫️

I would plant a wood!