S/m Gold & Silver

Collector notes

Visiting a coin shop

A few notes before you walk into S/m Gold & Silver in Los Angeles, 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

   Not every coin shop is a pawn shop

   Some do jewelry and scrap. Some do not. Ask if you have gold jewelry, a watch, or diamonds. Do not assume, and do not be put out if coins are what they do. The right shop for coins may send you next door for the rest.

2. 02

   Know roughly what you brought

   You do not need to be an expert. A simple list — silver dollars, a few proofs, a bag of wheat cents — helps. “I have no idea, you tell me” on a mixed box is fine once. It is harder when the box is huge and you cannot say what you want out of the visit.

3. 03

   Decide how you want to be paid before the offer

   If you are selling, know whether you need cash today, a check, or time to think. Changing the method after they have made a number can change the number. A clear “I would like a check if we agree” at the start saves a second conversation.

4. 04

   Ask if they buy the whole lot or select pieces

   Some shops write one number for the box. Some pull the coins they can use. Neither is wrong. Ask which they do before they start. If you need everything gone today, say that. If you only want to sell the silver, say that too.

5. 05

   Show week can empty the shop — or pack it

   If the dealer is on the road, the store may be closed or on shorter hours. If they just got back, they may be unpacking. Check this listing for upcoming shows and call if your visit is important. It is not personal. The bourse is part of the business.