Oakton Coins and Collectibles is one of the highest rated coin shops near Brookfield.

When it comes to selling gold, you can bring us anything—yellow or white gold, jewelry that’s no longer in fashion, or even pieces that are broken. We buy designer jewelry, estate pieces, and dental gold, as well as bullion made of gold or silver. All karats, including 10k, 14k, 18k, 22k, and 24k, are accepted. If your items feature gemstones such as diamonds, sapphires, or emeralds, we’ll evaluate the entire piece so you get the fairest offer. No matter the form, we are here to buy your gold.

At Oakton Coins & Collectibles, we understand that selling a single coin or an entire collection can feel overwhelming. Whether you’ve spent years building your collection or recently inherited one, navigating your options can be daunting. That’s where we come in. Oakton Coins & Collectibles will guide you with our numismatic knowledge and make the process straightforward and stress-free.

Understanding how to sell coins around Brookfield.

When it comes to selling coins, there are many factors to weigh. Some coins may be worth no more than face value, while others could carry significant monetary or historical worth. Collectors often hold onto coins for reasons beyond value, including sentimental, educational, or simply for the joy of collecting. Regardless of the size or value of your collection, we’re here to help you make informed decisions.

Some people choose to sell their entire collection. Others keep part of it, pass pieces down to family members, or divide valuable items among siblings. If your collection doesn’t hold much monetary value, it might still be meaningful to a younger relative or aspiring collector.

Many customers bring in their coins neatly sorted by decade, stored in Ziploc bags, paper envelopes, or coin tubes. While it’s tempting to organize everything beforehand, there’s no need.  We will handle that part for you.

When collections are brought in for appraisal, we begin by separating the coins by their metal composition and then into numismatic categories.  If you decide to organize your collection yourself, put it into these groups:

• Gold coins 
• 9o% silver dollars (1878 through 1935) 
• 9o% silver dimes, quarters, and half dollars (1892 through 1964) 
• 40% silver JFK half dollars (1965 through 1970) 
• Lincoln Wheat Cents (1909 through 1958) 
• Buffalo Nickels (1913 through 1938) 
• Jefferson Nickels (1938 and later) 
• All other obsolete U.S. type coins
• U.S. Mint proof and uncirculated sets 
• U.S. Mint commemorative sets 
• Currency and paper money 
• Foreign coins/tokens

Interesting and valuable coins exist at every price point. To get a better sense of what your collection might be worth, consider asking yourself a few key questions:

• Can you estimate how much the collector spent, or how often they made purchases?

• Do you have any receipts, invoices, or canceled checks from coin dealers or auction houses?

• Is there an insurance policy or a will that references the collection?

While this kind of documentation can offer helpful clues, it’s important not to rely on it entirely. Like any collectible, the value of coins and paper money is ultimately determined by what a willing buyer is prepared to pay a willing seller. That number can vary widely, as the market is subject to fluctuations.  

Pricing your collection to sell around Brookfield.

Ninety-nine percent of the time, you will not receive the value listed in any of the pricing guides that you may reference when you sell coins. The guides are just that: a guide to help you establish the price range you can reasonably expect for a coin. Most consumer guides show extremely inflated values.

Terms to Know: Clickbait Pricing, Real-World Pricing, Melt Value Pricing, Numismatics

Clickbait pricing: refers to exaggerated or misleading claims often found in online articles and videos. These sensational headlines aim to attract “click-throughs” to generate advertising revenue, often at the expense of accuracy.

• • Common Examples: Claims like “This Penny Could Be Worth Thousands!”

  • Reality Check: While rare coins do exist, these articles frequently mislead by implying that common coins are valuable when they’re not.

  • Takeaway: Always verify any pricing information from a reputable source or professional numismatist.

Real-world pricing: This is based on actual sales, what buyers have paid and sellers have accepted.

• • Why It Matters: Unlike listing prices or wishful estimates, real-world pricing reflects true market value.

  • Key Factors: Rarity, demand, and condition are the major drivers of a coin’s price.

  • Takeaway: A coin is only worth what someone is willing to pay for it. Everything else is just speculation.

Melt value: This refers to the value of a coin’s metal content, for coins made of precious metals like silver, gold, platinum and copper.

• • Example: Many U.S. coins minted before 1965 contain silver.

  • How It’s Calculated: Based on the current market price per Troy ounce of the metal.

  • Takeaway: If a coin has no collectible (numismatic) value, it may still be worth its melt value.

Numismatics: the study and collection of coins, paper money, tokens, and medals.

• • Key Concepts: Rarity, historical context, minting errors, and condition all affect numismatic value.

  • High Value Potential: Some coins, regardless of metal content can carry high value due to collector demand.

  • Takeaway: Even a coin with low melt value or low face value may be highly prized by collectors if it has significant numismatic qualities.

Places NOT to sell coins around Brookfield.

• Jewelry Stores and Pawn Shops

At first glance, these businesses may seem like a convenient option for selling gold or silver coins. However, most jewelry stores and pawn shops are primarily interested in precious metal content, not the coin’s numismatic value.

• • Limited Knowledge: Staff typically focus on gold and silver melt value and may overlook factors like rarity, age, mint errors, or historical significance.

  • Low Offers: These shops often pay only a fraction of the metal’s market value, especially after deducting profit margins and refining costs.

  • Lack of Specialization: Even if a coin has significant collectible value, they may not recognize it or may not be willing to pay for it.

• Ebay – Unless you’re a seasoned seller familiar with grading standards, photography, and secure shipping, eBay is often more trouble than it’s worth.  Click here for more information.

Sell gold near me – sell gold locally – Brookfield

Oakton Coins & Collectibles is located near the 94 West (Kennedy) expressway near downtown Evanston, and less than two blocks from the Oakton stop on the Yellow Line CTA (Skokie Swift). It is convenient and close to Arlington Heights, Barrington, Brookfield, Deerfield, Des Plaines, Elmhurst, Elk Grove Village, Evanston, Franklin Park, Forest Glen, Glencoe, Glenview, Highland Park, Hoffman Estates, La Grange, Lake Bluff, Lake Forest, Lincolnwood, Lincolnshire, Lombard, Morton Grove, Naperville, Northbrook, Northfield, Oak Brook, Oak Park, Palatine, Park Ridge, Portage Park, Prospect Heights, Rogers Park, Schaumburg, Skokie, Wheaton, Wheeling, & Winnetka.