Michael Abbott Numismatics Ltd. Co.

Collector notes

Visiting a coin shop

A few notes before you walk into Michael Abbott Numismatics Ltd. Co. in LA. 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

   They do not have to buy what you brought

   A shop can pass on tokens, damaged coins, or a category they do not handle. “We don’t buy that” is information. Ask who might. Do not argue them into a box they cannot use. A clean no today keeps the door open next time.

2. 02

   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.

3. 03

   One conversation at a time

   The dealer cannot price a collection, answer a bullion quote, and pull a date from the case at once. If they are mid-deal, wait. If you only need a quick “are you open Saturday,” say that when they glance up — then step back. Courtesy is remembered the next time you walk in.

4. 04

   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.

5. 05

   A hold is a promise. Mean it.

   If they hold a coin for you, ask how long and how you pay. Come back or call. Do not park the same piece at two shops. Dealers remember the customer who used a hold as a free option. They also remember the one who did what they said.