South Austin Coin Exchange

The owner Brad is very knowledgeable and very trustworthy. I have gotten some great deals here and he has helped me send coins for grading. I came in the first time a few years ago as a potential customer and in the course of doing business with Brad we have become friends. How cool is that? Very highly recommend!

I made a special trip to this coin shop to get an idea of what they were about and in hopes of spotting a good deal. First impressions are important with regard to location, then of course the inside of a business itself along with customer service. The shop is located in a nice strip center on Slaughter Lane — check. That’s when it gets a bit confusing. You see a sign that says «Diversified Insurance» in big letters and «Coin Shop» in small letters underneath. I went inside and walked into, yes, an insurance agency with a bunch of insurance agents. I did a double take and stood there until someone asked me what I needed. I explained that I thought a coin shop was housed here, to which they explained that it was all the way in the back of the business. So, I walked through the tiny hallway, feeling like I was intruding, but eventually saw a tiny nook in the back with a couple of glass counters. There were two nice gentlemen working, one other customer and me, and I felt cramped. Needless to say, I thought I’d keep an open mind and see what they had. The employees were nice enough and pleasant to talk to I must say. However, the small, cramped, nook they were in left a lot to be desired. The shelves inside the counters had some coinage but appeared laid out at random with no real organization between the various types they had for sale. I also saw no clear pricing on anything they sold nor any type of pricing guide posted anywhere. It appears as though to order most things from them you place the order and then come back and obtain it once they find what you’re looking for. I did not see stocks on-​hand of what people commonly buy such as American Eagles and such. This setup does not seem to be something that the average curious customer off the street would feel comfortable coming in off the street to browse around.
As a side note, their prices for selling junk silver appeared quite high compared to other coin shops in Austin by at least $ 2-​$ 3 per $ 1 face value. Especially with silver trading so low lately. A serious silver collector will know what I am talking about. Needless to say, they did not have anything I wanted in stock, so I did not walk out with anything, which is unusual for me.
I did take a quick trip to Capital Coin and Bullion afterward and found some great stuff there, as they are always stocked. And yes, I compared their junk silver prices and that’s how I know South Austin Coin Exchange is not the best deal.
So, I give friendliness and knowledge about coins 4 stars but location, setup, stock on-​hand, and prices, I give a reluctant 2 stars. I say «reluctant» because I wanted to like this place. I think they would do well to start up their own shop, in their own location, and beef up their inventories. You can’t sell what you don’t have. I’ll keep an open mind though because I believe in buying locally.

Honest, fair, and straight forward. What else can you ask for. Would definitely use again.

I recently had a very good experience with Bradley Goldsmith, owner of South Austin Coin Exchange. My now-​deceased parents left behind a somewhat large collection of proof sets and mint sets. I submitted my list of sets to SACE and to another reputable local coin dealer. The other dealer advised that they were not buying sets at the standard 70% of Grey Sheet bid prices because the price of raw silver had dropped significantly over the preceding two weeks. This was very surprising, as most coin buyers are interested in the coins, not the metallic content. I checked with Bradley to see if the drop in silver would impact his willingness to buy, and he said no, it would not. I then went to SACE and met with Bradley. The experience was a complete pleasure. We made our deal at 70% Grey Sheet, and he paid on the spot. I left feeling pleased to have done business with a fair dealer and a straight shooter. I will definitely include Bradley on any further coin sales.

My boyfriend inherited a box of dozens of old quarters, half dollar and dollar coins from his grandmother and he is not a collector. So, what did we do? Exchange that box of old timey silver coins for cold, hard cash!
The gentlemen who man the store are very friendly and got to us right away. I didn’t realize how quickly the exchange would take. He sorted through the coins and organized them by value, and explained how much they’d sell them for and what he’d buy from us. Example: He’d give us $ 10 a piece for the coins valued at $ 12. Not a bad deal.
We agreed and he handed over the cash. How easy is that? It took just a minute.
They buy gold, too, if you have some you want to get rid of.

I called, I came down, and I made a deal quickly and easily. They buy and sell precious metals and didn’t tell me, «no, we’re not buying gold today.» They paid a little over spot prices, too — not as much as I would have hoped, but a fair deal.
They pay with a company check, and I took that to their bank to get it converted into a certified check to make sure it was a «good check.» It was good indeed. I like an honest, square deal without a lot of drama. Mr. Goldsmith (his real name!) is a good guy. After having dealt with Capital Coin and Austin Rare Coins, I like Brad Goldsmith and his South Austin Coin Exchange. Please note that his place is located in an office labled «Diversified Investments» … makes sense once you think about it.

I’ve dealt with Bradley a few times, and have always had a good experience. They don’t keep a huge inventory, but can get anything very quickly and at reasonable premiums. I always use them when I can. I don’t recommend many companies, but this one I do.

This was my first experience with buying silver coins, and Bradley Goldsmith over at S.A.C.E. was extremely helpful and accommodating. I wasn’t investing in any huge amounts, but they treated me with enthusiasm. Good to know they are there. Definitely have my future business. Plus they save you the shipping costs of buying coins online, and you walk out with product in hand. Thanks Bradley!