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Hi OP,
If it were me, I’d sell one of the watches and put the money in a brokerage account in his name and buy a index fund (like others have suggested) or buy any blue chip stock with the money. It’s easy to buy/sell and he’ll learn the value of investing. You can always give him your watch when he is older and get a new one yourself. When he is older, (trust me) he’ll be in tears of your sacrifice and appreciate what you did for him. Not many parents sacrifice for their kids anymore.
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