What did the oldest coin tell him? Did he follow his advice? If not, why not?

The oldest coin told him that he was trying to tell him for his own welfare not to eat those hot jalebis, if he finished the money prior to the need of the scholarship money, then it will be the end of the story. The coin was sad on seeing the money spent uselessly.

No, he did not follow his advice. The boy thought himself to be extraordinary and not the common sort. Moreover, his mind was revolving around the crisp, fresh and syrupy jalebis.