Oakton Coins & Collectibles is a favorite coin shop near Elmhurst

Gold remains one of the most desired precious metals, and we are interested in buying it in any form. Whether it is yellow gold or white gold jewelry, old estate items, or modern designer pieces, we are happy to purchase it. Broken, damaged, or outdated jewelry is also accepted, as is dental gold. We evaluate and buy gold at all karat levels, from 10k to 24k, along with gold and silver bullion. Items with diamonds, emeralds, or sapphires are assessed carefully to ensure both the metal and gems are reflected in the offer.

Although selling your coins or coin collection can be an overwhelming process, choosing the right place doesn’t have to be. Oakton Coins & Collectibles is the highest rated coin shop with hundreds of satisfied customer reviews to show for it.   Whether you have one coin to sell or a whole collection, we will treat you right.  Our numismatically knowledgeable staff is respectful and attentive and is here to help you make the best decision.

How to sell coins around Elmhurst.

Selling coins involves various factors. For instance, your coins might only hold face value, or they could be worth a significant amount of money. Collecting coins is a hobby so what people choose to collect is personal.  People don’t always collect valuable coins; many collect low-value or face-value coins for personal reasons. Regardless of the size or value of your collection, we’re here to assist. There are many ways to go about it.  Some sell their entire collection, while others part with the valuable pieces and divide the rest among family members. If you have a small collection without much monetary value, it might make a thoughtful gift for a younger family member. 

Often, people bring us coins sorted by date and decade, stored in Ziploc bags, paper envelopes, or coin tubes. While this may seem helpful, it’s unnecessary effort. We already do this for you! When we appraise a collection, we start by sorting the coins based on their composition, such as copper, nickel, silver, or gold. If you do organize your collection before you bring it to us, 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

Coins come in a variety of price ranges, making them accessible to all budgets. If you’re looking to evaluate a collection for sale, consider these questions: How much did the collector spend, and how often were purchases made? Are there any bills of sale, invoices, or canceled checks from dealers or auctions? Do you have an insurance policy or will with relevant instructions? While this information can be useful, it’s not all-encompassing. The value of coins and collectible paper money ultimately depends on what a buyer is willing to pay, which can vary widely due to fluctuating market conditions.

Pricing your collection to sell around Elmhurst.

Most of the time, you won’t get the value shown in pricing guides when selling coins. These guides are simply tools to help you estimate a reasonable price range for a coin. In most cases, consumer guides tend to display highly inflated values.

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

Clickbait Pricing: Wikipedia defines “clickbait” as online content designed to generate ad revenue, often sacrificing quality or accuracy. It relies on flashy, sensationalist headlines to draw in clicks. Click-throughs occur when readers click a link to proceed to the next stage of the bait. Clickbait creators often post exaggerated claims, like common coins being worth a fortune, but these assertions are rarely true. For example the 1943 rare bronze penny did sell for millions, but 99.9% of wheat pennies even from 1925 are worth only two cents.  A clickbait article will never tell you the difference.  

Real-World Pricing:This refers to real transactions where money changes hands. The pricing represents amounts that have actually been paid, not just advertised, making it the true market value. Everything else is just speculation about worth. A coin’s value ultimately depends on what someone is willing to pay, with collectors typically focusing on rarity and condition to determine its monetary worth.

Melt Value Pricing: The melt value represents the basic worth of a coin based on its metal content. Coins minted in the United States before 1965 often contain valuable metals like silver, gold, or copper. Any value beyond the melt value comes from the coin’s numismatic significance.

Numismatics: Numismatics is the field of study of physical money: coins, paper money, and related items. The rarity and condition of a coin play a big role in determining how much collectors are willing to pay. No matter what metal a coin is made of, or what the face value is, some can hold significant numismatic value.

Places NOT to sell gold around Elmhurst.

• Jewelry Stores and Pawn Shops: Jewelry stores and pawn shops can be convenient, but they’re not the best places to sell coins, especially ones with numismatic value. These businesses typically focus on the metal content, like gold or silver, and may overlook a coin’s collectible worth. Their offers are usually just a fraction of the melt value, since they do not have knowledge of rare coins and coin condition.
• ebay and online selling platforms: Many coins are sold online every day, but it can be extremely time consuming to post, manage posts, deal with buyer questions, shipping, fees, returns and potential fraud. Click here for more information.

Sell gold near me – sell gold locally – Elmhurst.

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.