Oakton Coins & Collectibles is a highly rated coin shop near Lombard.

We buy gold in all forms—jewelry, coins, bullion, and more. Both yellow and white gold are accepted, and condition doesn’t matter; broken or outdated pieces are just as valuable to us. We welcome estate jewelry, designer items, and dental gold, along with gold ranging from 10k up to 24k purity. If your pieces feature precious stones like diamonds, sapphires, or emeralds, we’ll include their worth in our evaluation. From bullion to family heirlooms, we offer competitive prices and immediate payment.

If you are thinking about selling your coins, you have found the right place.

Oakton Coins and Collectibles understands that selling a coin collection or even selling a coin can be an extremely daunting task. Whether you are a lifelong coin collector or have just inherited a coin collection, when it comes time to sell your coins, there are so many options. Oakton Coins & Collectibles can help narrow it down for you.

Understanding how to sell coins around Lombard.

When selling coins, there are many factors to be considered. First and most importantly, are your coins worth face value, or could they be worth a significant amount more? Surprisingly, there are people who collect low-value or face-value coins for reasons other than investing. But no matter the size or value of your collection, we are here to help. 

Often people will sell their whole collection. Other times, they sell the most profitable parts and split up the rest between siblings. Maybe you have a small collection without much value but know someone young in the family would appreciate it. 

Sometimes people bring their coins arranged by date and decade, and placed in separate Ziploc bags or paper envelopes/coin tubes. You might be tempted to do this, but it’s actually not worth the effort.

When we appraise collections, we separate coins by their composition (e.g. copper, nickel, silver, or gold). If you want to organize your coins, put them 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

There are so many different kinds of coins are available for purchase in every budget range, so to help determine the value of the collection you have inherited, ask yourself the following questions before you decide to sell your collection:

Can you determine how much money the collector had spent or how often they bought new coins? Maybe you can find any bills of sale, invoices, or canceled checks from dealers or auction firms? Perhaps there is an insurance policy or a will with instructions?

Knowing this is a start but there is something else to consider.   The value of coins (and collectible paper money), as the value of all things, comes down to the amount a willing buyer will pay a willing seller. This amount is not fixed since the market fluctuates in varying degrees and at unpredictable rates.

Pricing your collection to sell around Lombard.

99% of the time, the value listed in any of the pricing guides that you may reference when you sell coins, is not the value that you will get when you sell, but rather the value you can expect when buying. The guides are also just that: a guide.  They help you establish the price range you can reasonably expect for a coin. Most consumer guides also have unrealistically inflated prices.

Some coin selling terms to keep in mind; Clickbait Pricing, Real-World Pricing, Melt Value Pricing, Numismatics Pricing.

Clickbait Pricing: “clickbait” is defined as web content that is aimed at generating advertising revenue, at the expense of accuracy. Clickbait relies on sensationalist headlines to attract click-throughs. It draws the reader through to click a link to go through to the next stage of the bait, meanwhile bombarding them with ads. One common tactic among clickbait makers is posting about how some common coins could be worth big money, but like winning the lottery, the odds of that are extremely slim.

Real-World Pricing: This refers to real actual money changing real hands with an actual buyer and an actual seller that have agreed. Since this pricing reflects amounts that have actually been paid, it’s true market value. Any other ideas about value, are just ideas.  Any coin is only worth what someone is willing to pay for it, and collectors usually pay more for rarity and good condition.

Melt Value Pricing: Before 1965, most of the United States coins were made with either gold or silver (with a few exceptions). Any additional value on top of the melt value comes from the Numismatic Value.

Numismatics: Numismatics is the study or collection of coins, paper currency, and metals and related objects. The basic principle in pricing is that coin rarity and condition drive the prices that collectors will pay. This means that some coins have a very high numismatic value, regardless of the metal composition of the coin.  While others might have no additional worth other than their melt value.

Places NOT to sell gold around Lombard.

• Jewelry Stores and Pawn Shops – Generally, they are not numismatists, and usually only understand the precious metal part of the gold/silver coins.  Although they may be convenient, since this is not their niche, they pay only a small percentage of melt value since they have no idea of numismatic value.
• Ebay – There are many coins sold on eBay, but if you are not already an established seller, this can be risky, time consuming, and costly. Click here for more information.

Sell gold near me, sell gold locally near Lombard.

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.

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