New York Gold Exchange

Collector notes

Visiting a coin shop

A few notes before you walk into New York Gold Exchange in North Providence, RI. 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

   If you feel rushed, you can pause

   You are allowed to say you need a minute. You are allowed to pack up and think. You are not required to decide while someone is waiting behind you — step aside and let them go. A good shop would rather you be sure than sorry.

2. 02

   Online asking prices are not what a shop pays

   A listing, a completed auction before fees, and a dealer buy price are three different numbers. Screenshots of asks are not a bid. Bring the coins. Let them look. Then talk. You will get further than arguing from a tab on your phone.

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

   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.

5. 05

   When metals jump, the shop gets busier

   A sharp day in gold or silver fills the parking lot. Offers take longer. Lines get real. If you can wait a quieter day, you will get a better conversation. If you cannot, bring patience and a simple list of what you have.