Royal Pawn Shop

Collector notes

Visiting a coin shop

A few notes before you walk into Royal Pawn Shop in Chicago, IL. 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

   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.

2. 02

   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.

3. 03

   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.

4. 04

   Regulars get easier visits because they are known

   Introduce yourself. Come back. Pay as you said you would. The second visit is almost always smoother than the first. A local shop is a relationship, not a vending machine. That works in your favor when you have something unusual.

5. 05

   Tell them if a coin is damaged, cleaned, or already graded

   Hiding a problem wastes time and trust. “This one was cleaned” or “this already came back from PCGS” is useful. Dealers would rather adjust than feel tricked. Honesty on the small things makes the rest of the visit easier.