M. Louis Teller Numismatic Co

Collector notes

Visiting a coin shop

A few notes before you walk into M. Louis Teller Numismatic Co in Encino, CA. These rotate daily. They are general collector etiquette from CDXList — not this shop’s house rules. When something is unclear, ask the person at the counter.

1. 01

   Keep quiet about another customer’s coins

   Do not grade, joke about, or value coins that are not yours. “That’s only a VF” from behind someone who is selling grandpa’s album is not helpful. Look at the cases. Let the dealer run their counter. You will get your turn.

2. 02

   Decide if you are selling all of it or part of it

   “I need this gone” and “I only want to sell the silver” lead to different offers. Decide before you sit down. Changing the goal halfway through wastes their time and yours. It is fine to keep a piece that is sentimental. Say which one.

3. 03

   Ask how this shop likes to pay and get paid

   Cash, debit, credit, check, and wire are not universal. Some counters are cash-friendly on bullion. Some run cards every day. Some write a check on a larger buy. Ask before you assume. Have a backup so a good deal does not stall over the last step.

4. 04

   Keep paper money flat and in sleeves if you have them

   Do not fold old notes to “fit the envelope.” Do not rubber-band a stack of large-size bills. Do not tape tears. Bring them as they are. Currency people would rather see an honest wrinkle than a new crease you added in the car.

5. 05

   What is in the case today may be gone tomorrow

   Coin shops turn inventory. A picture from last month is not a hold. If you want a date or a grade, call or start a want list. Showing up and hoping the exact piece is still there is how people get disappointed.