Alexander Coin & Pawn

Collector notes

Visiting a coin shop

A few notes before you walk into Alexander Coin & Pawn in Des Plaines, 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

   Do not walk in at closing with a suitcase

   Five minutes to close is time to pick up a hold, not to dump an estate. Large lots take time to weigh, look up, and talk through. Call earlier in the day and ask when they can give you a proper look. A shop that is locking the door still has to balance the register and get home.

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

   This is a working shop, not a museum desk

   They will talk coins. They will not give a free seminar on forty pieces while a line forms. Pick your best questions. Buy a book if you want to learn the series. A dealer who teaches a little is being generous with the clock.

4. 04

   A real look takes more than thirty seconds

   Dates, mint marks, damage, weight, and whether something is collectible or melt all take time. Do not rush a careful dealer. Do not dump two hundred coins and ask for a number while you check email. Stay with the lot. Answer questions.

5. 05

   Large cash deals may require identification

   That is federal law on certain cash amounts, not the shop being nosy. Bring a government ID if you plan to move a lot of cash either direction. A dealer who asks for ID on a large deal is doing the job the right way.