Mel's Pawn Shop

Collector notes

Visiting a coin shop

A few notes before you walk into Mel's Pawn Shop in Sioux City, IA. 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

   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.

2. 02

   Know roughly what you brought

   You do not need to be an expert. A simple list — silver dollars, a few proofs, a bag of wheat cents — helps. “I have no idea, you tell me” on a mixed box is fine once. It is harder when the box is huge and you cannot say what you want out of the visit.

3. 03

   Tell them if a coin is damaged, cleaned, or already graded

   Hiding a problem wastes time and trust. “This one was cleaned” or “this already came back from PCGS” is useful. Dealers would rather adjust than feel tricked. Honesty on the small things makes the rest of the visit easier.

4. 04

   Keep quiet about another customer’s coins

   Do not grade, joke about, or value coins that are not yours. “That’s only a VF” from behind someone who is selling grandpa’s album is not helpful. Look at the cases. Let the dealer run their counter. You will get your turn.

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.