# Coin Shop POS for London Numismatic & Bullion Dealers

Coin and numismatic shops in London require a POS system that manages rare coins, graded collectibles, bullion pricing, consignments, and secure high-value transactions accurately. EliteTeQ Numismatic POS is built specifically for coin and bullion retailers to track inventory, consignments, pricing, and sales from a single purpose-built platform.

Built for coin and numismatic shops in London to buy, sell, and manage coins and bullion efficiently and securely.

## Problems We Solve

- **A Graded MS-70 and a Circulated Coin as One SKU** — The same coin in different grades is worth wildly different amounts, and tracked together you sell a certified piece at a common-coin price. Without grade and cert number on the record, a sharp buyer walks away with your margin.
- **Bullion Priced This Morning, Sold This Afternoon at a Loss** — Gold and silver move with the spot price all day, but your tags were set at open. A customer buys at this morning's price after the metal has climbed, and you have just sold an ounce for less than it is now worth.

## How EliteTeQ Solves It

- Track each coin individually with its grade and condition, so a certified piece is never the same record as a circulated one. *Every coin sells at its true value and you never hand a graded coin away at a common price.*
- Price bullion against the live spot with quick updates and counter overrides as the market moves. *You sell at prices that track the metal, protecting your spread instead of selling below value.*

## How It Works

1. **Catalog Coins & Bullion** — Add coins with grade, certification, images, and pricing.
2. **Buy, Sell or Consign** — Process direct sales, bullion trades, or consignments.
3. **Track, Learn & Optimize** — Use insights to refine pricing and inventory strategy.

## Features

- **Unique Coin & Bullion Inventory** — Track rare coins, sets, and bullion individually.
- **Grading & Certification Tracking** — Store coin grades and certification numbers.
- **Bullion Pricing Management** — Manage gold and silver pricing with flexibility.
- **Consignment Management** — Manage consignors, commissions, and payouts.

## Running a Business in London

London sits in Greater London and is the United Kingdom's capital and largest commercial centre.

London is effectively a cashless retail market: contactless card and phone payment is the default and many venues no longer accept notes at all, so card settlement accuracy and fast tap handling matter far more than cash-drawer control. VAT is administered by HMRC under Making Tax Digital, which requires digitally kept records rather than manual returns. Rents and staffing costs push operators toward tight stock control and multi-site consolidation across closely spaced branches.

Contactless is the default and many venues take no cash at all, while rents and staffing costs force tight stock discipline across closely spaced branches. The binding constraint is Making Tax Digital: VAT records must be kept digitally, so a paper-and-spreadsheet close is no longer compliant.

## Frequently Asked Questions

- **What currency and payment methods does EliteTeQ POS support in London?** EliteTeQ POS prices in GBP (£) and records Apple Pay, card and cash against the same sale, so coin shops businesses in London close the day on one set of reconciled totals instead of three. Tax invoices are produced to HMRC requirements, and the till keeps working when the connection drops.
- **Is EliteTeQ POS suitable for coin shops businesses in London?** Yes. London sits in Greater London, and a POS here has to settle contactless as the only tender many venues take, and keep VAT records digitally for MTD. EliteTeQ POS is built for exactly that — GBP pricing, Apple Pay recorded against each sale, HMRC-ready tax invoicing, and full offline operation so trading continues when power or network does not.
- **Can I analyze sales by coin type or grade?** Yes, the reporting suite in EliteTeQ POS breaks down sales performance by coin type, grade, metal, and other attributes so you can see exactly which segments of your inventory are generating the most revenue and margin. You can filter reports by date range to identify seasonal buying trends, compare the turnover rate of raw coins versus certified pieces, or track which grade tiers move fastest. These insights help you make smarter purchasing decisions at shows and estate sales, ensuring your inventory stays aligned with what your customers are actively seeking.
- **Can I manage consignments and seller payouts?** Yes, EliteTeQ POS includes a consignment module that lets you intake coins from private sellers and collector estates, attaching each item to the consignor's account with agreed commission terms. When a consigned coin sells, the system automatically calculates the payout owed to the seller based on the configured commission rate, reducing manual arithmetic and the risk of errors. You can generate consignor statements at any time showing which items have sold, which remain in inventory, and the exact payout amounts due, making settlement straightforward for both your shop and the seller.
- **Can the POS handle rare and graded coins?** Yes, EliteTeQ POS handles rare and graded coins by tracking each item individually with its own record that includes grade classification, certification number, certifying authority, and acquisition details. This means a graded MS-70 Morgan dollar and an ungraded circulated example of the same coin are stored as distinct inventory items, each with their own cost basis, condition notes, and sales history. Staff can quickly look up any coin by certification number during a sale, making it easy to verify the item and present accurate information to buyers.

## From the EliteTeQ Team

**We know bullion priced at open and sold at noon can be a loss.** We know the spot price that moves all day, the graded coin sold as a common one, and the over-the-counter buy judged on gut. EliteTeQ was not built in a boardroom — it was built next to real coin and bullion dealers in Nairobi, pricing against spot, tracking grades and certs, and valuing buys with eyes open.

## Get Started

See the POS in Action, or talk to a Numismatics POS Expert.

- Phone: +1 214 423 5355
- Email: info@eliteteqpos.com
- Web: https://eliteteqpos.com/london/industries/coin-shops/