Silver Palace Inc.

Collector notes

Visiting a coin shop

A few notes before you walk into Silver Palace Inc. 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

   No magnets, acids, or scratch tests on the pad

   The shop has the tools if a test is needed. Do not perform experiments on the glass. You can damage the coin and the counter. If you think something is fake, say why and let them look.

2. 02

   Be present when it is your turn

   Take the call outside. Pull the earbuds. The dealer is about to look at your coins or pull something you asked for. A face-to-face minute is worth more than a half-distracted twenty. If you need to text a spouse about a number, say so and step aside.

3. 03

   One extra person is fine. A committee is not.

   A spouse or a sibling who must agree is welcome. A table of relatives debating every coin is not a shop visit. Pick the decision-makers. Leave the rest home or in the car. The dealer can talk to two people. They cannot run a family meeting.

4. 04

   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.

5. 05

   Call ahead with a large collection or an estate

   A suitcase is not a walk-in impulse. Tell them roughly what you have and when you can come. They may want a second set of hands or a block of time. That is how you get a fair look instead of a glance between other customers.