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

   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

   Insurance and probate need different paperwork

   If a lawyer, an executor, or an insurer sent you, say so. Bring what papers you have. The shop may not be the appraiser you need, and they will tell you. That honesty is useful. It is better than leaving with the wrong kind of number.

3. 03

   Saturday morning is often the busy window

   That is when collections walk in and regulars stop by. Fine if you like energy. Less fine if you want a long, quiet look at an estate. Midweek late morning is often easier. If you need time, ask when they are slower.

4. 04

   Do not ask them to come out to the car

   Bring the coins inside. A dealer should not leave the store to look at a trunk. It is a safety issue for them and for you. If the lot is heavy, make two trips or ask if they have a cart. The work happens at the counter.

5. 05

   You do not have to announce what you paid

   “I have three thousand in this” is not a grade or a melt value. It puts the dealer on defense and does not change what the coin is. Tell them what it is, where it came from if that matters, and what you want to do. Let the piece speak, then talk numbers.