If a baby tooth is knocked out, it doesn't need to be put back in place. A permanent tooth will eventually grow in to fill the open spot. Stop the bleeding by applying pressure to the gum with a piece of gauze, and use ice to bring down any swelling. Take your child to the dentist just to be on the safe side, to make sure there isn't any other damage in the mouth.
If a permanent toot is knocked-out rinse it off and save it. Children who are old enough to do so should hold the tooth in its socket with their fingers. This is the best way to save a tooth so a dentist can try to reattach it. If your child is too young to hold the tooth, put the tooth or tooth pieces into a small container filled with cold milk or water, which acts as a preservative. Get your child to the dentist's office as soon as possible.
If a permanent tooth is knocked out, time is extremely crucial. If your child is old enough, have him hold the tooth in the corner of his mouth or in the actual tooth socket and get to the dentist fast so that it can be saved. If you or your child is uncomfortable with this or if your child is too young, put the tooth in a glass of milk. Either way, get to the dentist as quickly as possible. Time is of the essence.
From The Smart Parent's Guide: Getting Your Kids Through Checkups, Illnesses, and Accidents by Jennifer Trachtenberg.

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The Smart Parent's Guide: Getting Your Kids Through Checkups, Illnesses, and Accidents

More About this Book
YOU: Raising Your Child: The Owner's Manual from First Breath to First Grade
(This answer provided for NATA by the Georgia College & State University Athletic Training Education Program.)
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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.