Oakton Coins & Collectibles is the best coin shop near Portage Park.

We purchase gold in every form imaginable, from yellow and white gold to estate pieces and modern designer jewelry. Even broken, damaged, or outdated items hold value with us. Dental gold, coins, and bullion are also accepted. We evaluate all karat levels—10k, 14k, 18k, 22k, and 24k—and provide fair market offers. Pieces containing diamonds, sapphires, emeralds, or other gems are carefully appraised to reflect both the metal and the stones. Whether it’s bullion, jewelry, or family heirlooms, we are ready to make competitive offers and pay immediately.

Understanding how to sell coins around Portage Park.

There are many factors to consider when selling your coins. For instance, some coins could be worth face value, while others could be worth a significant amount of money. Collectors sometimes choose low-value or face-value coins to collect for other reasons other than their value.  Yet knowledgeable or lucky investors might select very specific coins for their worth.  But no matter the size or value of your collection, we are here to help. 

Another question is how much to sell.  Sometimes people sell their whole collection if shifting their assets or if they receive an inheritance.  In other instances, they sell only the most valuable parts or split it up among family members. Sometimes people might decide not to sell a collection without a lot of monetary value and instead keep it simply as a collectible or pass it on to someone young in your family would appreciate it. 

One of the ways that selling coins might seem difficult initially, is that people feel compelled to organize them, however if you are not learned in numismatics, it might not be worth the effort. When conducting an appraisal on a collection, the best thing to do is separate coins by their composition (e.g. copper, nickel, silver, or gold). If you must organize the collection, the following are the categories that are most useful:

• 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

Whatever you do, don’t bother arranging by date and decade.  Unless it makes it simpler for you, there is also no need to worry about placing them in separate Ziploc bags or paper envelopes/coin tubes.

Interesting coins are available for purchase in all budget ranges. Here is a list of questions to ask yourself to help determine the value of the collection are selling:

If the coins are inherited, do you know how much money the collector spent or how regularly they bought new coins? You may be able to find receipts, invoices, or canceled checks from dealers or auctions.   Is there an insurance policy?  Are there instructions in the will concerning the collection?

One final factor to keep in mind when selling your coins, is that the value ultimately comes down to what a buyer is willing to pay for an item.  The amount is never a fixed figure, as the market fluctuates and is not predictable.  The only certainty is that currency will at least be worth it’s face value and a precious metal will at least be worth a value proportional to its weight.  So don’t start spending before you know exactly what you have on your hands.

Pricing your collection to sell around Portage Park.

There are books that are published that can give an estimate of a coin’s potential worth.  The value listed in any of the pricing guides that you may reference when you sell coins is just a guide. The guides are available to help you establish the price range you can reasonably expect for a coin. Most consumer guides show extremely inflated values.  Just as automobile book values aren’t actual selling prices, and the person buying the car has to be willing to pay the printed value.  Re-sellers and dealers cannot pay the same price a consumer would pay to purchase.

Some coin selling terms to keep in mind

Clickbait Pricing: Wikipedia defines “clickbait” as content that is designed to get a click, aimed at generating online advertising revenue, especially at the expense of accuracy and quality. Usually, it can be spotted by a drastically inflated eye-catching price that relies on sensationalist headlines to attract click-throughs. Click-throughs refer to when the user clicks a link to “go through” to the next stage of the bait. Clickbait creators will often post about how common coins could be worth incredible money, but in reality, their claims are almost never true. 

Real-World Pricing: Real-world pricing is real; it’s when actual money is actually changing hands. This pricing reflects amounts that have actually been paid, not only advertised, so it can also be labeled: true market value. Everything else is only an idea about the potential worth. Any coin is only worth what someone else will pay for it.  Collectors usually focus on rarity and condition to determine real-world monetary value.

Melt Value Pricing: Melt value refers to the precious metal content, the gold or silver worth in a coin or piece of jewelry.  Prior to 1965, the majority of coins minted in the United States contained either gold or silver (with a few exceptions). Any selling premium on top of the melt value comes from the Numismatic Value.

Numismatics: Numismatics is the study of coins, paper currency, and metals. The most basic principle is that coin rarity and condition drive the prices that collectors will pay. Numismatic value is regardless of the metal composition of the coin.  So, some coins might not have much gold or silver in them but can have a very high numismatic value and not even be a high face value.

If you are interested in selling your coins, you have come to the best place. Selling a collection or even just one coin can be an extremely daunting task, but here at Oakton Coins we understand, and we make it easy. Whether you recently inherited a coin collection, or you are a lifetime coin collector, when it comes time to sell your coins, Oakton Coins & Collectibles can simplify the process.

Places NOT to sell gold around Portage Park

• Jewelry Stores and Pawn Shops – These types of establishments are not trained in numismatic value.  They usually only understand the precious metal part of the gold/silver coins, and they generally pay only a small percentage of that price.
• Ebay – Many coins are sold on eBay every day, but it can be very risky, time consuming, and costly.  Many coin sellers on eBay are actually seasoned dealers that you will be competing with. Click here for more information.

Sell gold near me – sell gold locally – Portage 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.