Federal Coin Exchange

Collector notes

Visiting a coin shop

A few notes before you walk into Federal Coin Exchange in Cleveland, OH. 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

   Stay with your coins

   Do not leave a box on the counter and wander the cases. Do not ask the dealer to watch your bag while you go to the car. Your lot stays in front of you until the deal is done or you pack up. That is how both sides stay comfortable.

2. 02

   Do not assume every shop takes a credit card

   Many do. Some do not. Some take cards on retail and prefer another method when they are buying from you. None of that is a trick. Ask, “Do you take cards?” before you empty your wallet. If they say no, that is an answer, not a negotiation.

3. 03

   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.

4. 04

   Bullion and collector coins are different conversations

   Melt moves with the market. A key date does not. Say what you think you have, then let them look. Mixing “it’s old so it must be rare” with a junk-silver bag slows everyone down. Sort in your mind: weight versus date.

5. 05

   A written inventory helps on an estate

   Even a notebook list is better than a surprise pile. Heirs who write down what they think they have get a cleaner visit. If you are the executor, bring that fact and any papers. The shop can work faster when they are not inventing the catalog with you.