Oakton Coins & Collectibles is one of the highest rated coin shops near Franklin Park.
Every type of gold has value, and we are buyers of them all. We purchase yellow and white gold, damaged or broken jewelry, and even items that have fallen out of style. Designer jewelry and estate pieces are welcomed along with dental gold. From 10k to 24k, all purities are accepted. We also buy bullion in both gold and silver. If your gold jewelry includes gemstones such as diamonds, emeralds, or sapphires, we take those into account when determining a fair price. No matter its form, we’re always buying gold.
Are you looking for someone to help you sell your coins? Oakton Coins & Collectibles is here for you. We understand that selling a single coin or a whole coin collection can be overwhelming, and we are happy to educate you about the process and help you make the best decisions regarding your collection. Look for the black and green sign and park in front or in back of the store. Once you enter, you’ll be greeted by friendly and helpful staff. We are open on Saturdays and Sundays and appointments are not required. Perhaps you have decided it’s time to sell your collection, or maybe you just inherited one. Our numismatic expertise will make the task of selling your coins a good experience. Even if you only have one or a few coins, Oakton Coins & Collectibles would love to help you.
Different ways of selling coins around Franklin Park.
Collectors of all types come to Oakton Coins & Collectibles. Some collectors specialize in only historical coins, or only gold coins, but some collect foreign money or tokens. What makes an interesting coin is really a very personal thing and can also be found in every budget. If you have just came into the possession of a collection the first thing to understand is that coins of all kinds can be worth face value or they can be worth significantly more, it all depends on several factors. To get an idea of the type of collection you have, here are some guiding questions:
Can you determine how often they bought? Do you know how much money they have spent on the coins? Can you find any receipts or invoices? Is there a will? Is/was there an insurance policy for the collection?
There are many factors that determine the value of coins, but one thing is true, the value is never a fixed amount. The numismatics and the metals markets are constantly fluctuating. Ultimately though, the value of anything, is what a willing buyer will pay a willing seller.
When owners come in to sell a collection, there are many ways they go about it. Sometimes they sell their whole collection right away. Other times they may get an appraisal and then split it up between siblings. Some even sell certain pieces and leave others for another time. When preparing to bring your collection, there is no need to organize it, unless you want to. During our appraisal process, our staff will save you time and effort by organize your collection according to the below numismatic 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
Pricing your collection to sell around Franklin Park.
The coin pricing guidebooks that are out there can help establish an expected value range, but these are generally prices that a retailer would sell them at. When liquidating a whole collection, the return might not match these high values, but you save a lot of time and effort compared to how long it would take to find individual buyers for each coin.
Useful Terms; Clickbait Pricing, Real-World Pricing, Melt Value Pricing, Numismatics.
Clickbait Pricing: It makes you look. It makes you click. It makes you believe something too good to be true. It’s clickbait! Clickbait is online content that is meant to generate clicks, which in turn generates ad revenue. Another attribute of clickbait is that it is very often inaccurate and misleading. Clickbait pricing on a coin might be displaying an image of common coins paired with a sensationalist headline that it could be worth big money. Many coins look very similar to others, but a small difference could mean a much different worth.
Real-World Pricing: No matter what has been advertised or said about a coin, the true market value will be what someone will pay for it. When money changes is hands during a transaction is real-world pricing. Collectors who are knowledgeable in numismatics will carefully assess a coin to determine how much they want to pay for it or if they want it at all. They will look for rarity and condition, but it also depends on their personal interests in coins, the focus of their collections.
Melt Value Pricing: The melt price of a coin depends on the metal it is made of, the purity of that metal and the weight of the coin. This only applies to coins made with precious metal content: gold, silver, copper and platinum. Unites States circulating currency post 1965, mostly does not contain precious metals. The worth of these coins will definitely be above face value, but it may actually have numismatic value in addition to the melt-price.
Numismatics: Numismatics, originating from the French word for money, is the study of money: coins, paper currency, and medals. The price is dictated by the rarity and condition of the coin, which must be evaluated by an expert, and in certain circumstances needs to be graded to be certified as an authentic specimen. Coins that are not made of precious metals can still have a very high numismatic price, and of course low face value means nothing in these situations except to identify the rarity.
Assorted coins
Places NOT recommended to sell gold around Franklin Park.
- Jewelry Stores and Pawn Shops – These places will not provide you the best price for your coins because they typically only offer a percentage of the melt value. They are not numismatically knowledgeable, therefore you will not be offered a high numismatic premium on your coins.
- Ebay and online selling platforms– Although many coins are traded through these platforms, they do take getting to know and there are fees as well as potential scams to avoid. It is best for those that are already seasoned online sellers and numismatists. Click here for more information.
Sell gold near me – sell gold locally – Franklin Park.
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.