Look in used internet booksellers such as Bibliofind or Powells for Fun with Magic and More Fun with Magic by Joseph Leeming. These books were those on which I cut my magical teeth at age 8 in my public library. Most copies that you will find are ex-libris for those books, anyway. The only problem is that the book is not colorful, but rather all line drawings and text. Modern kid magic books are brightly colored, and use more pictures to teach. However, there is some good material in the Leeming books, and I bought them for my young son for the future.
The previous poster is correct in his recommendation of Rawson's Golden Book of Magic. It is very colorful and has some good material in it. Email me if you cannot find it, as I stumbled across an extra copy by luck, and so I have two copies.
In modern publications, try Magic Tricks by Fay Presto. It's in our public library, and it is very colorful, with a mix of photos and colored drawings to teach how to make and do the effects. I found it easily at Amazon, Books-a-million, Barnes & Noble, etc.