Anderson’s Coins and Collectibles Marks 1 Year in St. Charles

Business

Anderson’s Coins and Collectibles Marks 1 Year in St. Charles

Time flies, as has the past year for Rob Anderson, the owner of Anderson ‘s Coins and Collectibles, 221 W. Main St., in business district St. Charles .
July 1 was the annual anniversary of the clientele, which is one doorway east of South 3rd Street in the city ‘s business district. Rob loves the exploit, and says he strives to serve his customers well and to change the image of an industry that “ kind of has a used-car dealer trope. ”

Walking in the front man door, you might assume he specializes in collectible toys †” the displays are filled will all kinds. But Rob says the plaything, which appeal to kids of all ages — and he intends his commercial enterprise to be a shop class for all ages and all backgrounds, actually represent only a little region of his work .
He ‘s dangerous about that, although he acknowledges he has a million LEGOs in the basement .
But Rob says much of his business is focused on coins, amber, silver, jewelry, break in jewelry and greatest silverware .
“ I know what my competitors are paying and I offer better prices, ” he says. “ My closest rival pays about 10 percentage less than what I pay. ”
But he besides works with estates — more often as an adviser to families, but besides as an appraiser when requested .

Words of Wisdom

His first piece of advice, both to collectors and to those who find a electric potential treasure ?
“ I always, constantly, always recommend going to more than one place ” to get a quote on what the item will fetch, Rob says .
That just makes sense — in a sense, you’re seeking out the best id for what you have to sell, and the best means to do that is to shop around for what people are uncoerced to pay .
It’s worth checking even if you are a longtime patron of a collectible business where you have been felicitous doing business, he says. That ‘s because some businesses gradually will offer less and less to longtime customers, counting on their loyalty to keep them coming back .
His adjacent piece of advice besides is key : Do your homework and know the respect of what you have.

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“ Know what you have so you can make an inform decisiveness, ” he says .
Along the like line, do n’t assume you know the value of an item. Rob says the work he has done on estates sales well illustrates his point .
Most of the time, families will go through a base in formulation for the sale and toss out what they consider to be all the trash. They ‘ll save those things which they believe have the greatest rate for the estate sale .
But when called in as an adviser on such sales, Rob says he ‘ll typically spend more time in the Dumpster than in the home. “ I might dig through the Dumpster for four hours and spend only 45 minutes in the home, ” he says. The “ debris ” he salvages from the Dumpster may be worth thousands, if not tens of thousands of dollars .
If the imagination of that bring is evocative of american Pickers, then you begin to understand the depth and breadth of cognition one must have in recognizing the value of collectibles. But, Rob says, “ no one can be an adept on everything. ”
so he has a network of fellow professionals he can fall back upon when he encounters an item of likely measure but with which he may not be conversant .
So it pays to do your homework. Rob says many people will take silver coins to the bank, wholly unaware that the measure of the silver in the coin is worth more than its face value .

Started in the Business as a Child

Rob says he got into the clientele young — at long time 6 or 7, he worked for his grandparents, who ran an antiques and collectibles denounce .
late, as an adult, he went to work in the aircraft sustenance field, which collapsed in 2001 in the aftermath of the Sept. 11 hijackings in which terrorists seized control of four passenger jets, which they used as missiles to strike at New York and Washington, D.C .
After that, Rob says he tried his hand at several unlike endeavors, but “ I came back to something I knew. ”
He ‘s been in St. Charles for three years and opened his own shop a year ago.

, can be reached at 1-630-377-2174.

Anderson’s Coins and Collectibles, 221 W. Main St., can be reached at 1-630-377-2174. Let Patch save you time. Our free newsletter can be delivered to your inbox. Fast signup here. Then like us on Facebook and follow us on Twitter at @ StCharlsILPatch .

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Category : Coin collecting

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