Bivalent lead ions as representative main group heavy metal cations form specific interactions with the negatively charged COO– residues of sodium polyacrylate chains in dilute aqueous solution. The interactions eventually lead to aggregation and precipitation of sodium polyacrylate chains partially neutralized with Pb2+ cations. The present work outlines a small-angle X-ray (SAXS) and light scattering study of the polyacrylate chains undergoing changes in coil conformation and successive aggregation while approaching and crossing the Pb2+-induced precipitation threshold. The study reveals a coil shrinking while approaching the precipitation threshold. Anomalous SAXS (ASAXS) complemented this information with a first insight into the spatial distribution of the Pb2+ cations captured by the polyacrylate chains together with a semiquantitative estimation of the amount of Pb2+ cations located within the collapsed domains of the shrinking chains. Conformational aspects of the shrinking coils could be established by means of model form factors of hybrid chains formed by a freely jointed chain of rods with spheres located on all or part of the joints. Development and application of the form factors of the pearl-necklace-like hybrid model chains and the use of quantitative analysis of ASAXS data are described and discussed in detail.