Oakton Coins & Collectibles is a favorite coin shop near Rogers Park.

We’re buyers of gold in any form and condition. This includes yellow gold, white gold, and even rose gold jewelry. Damaged or broken items, outdated pieces, estate collections, and designer jewelry are all accepted. Dental gold also holds value. We purchase every purity, from 10k to 24k, and we also buy bullion made of gold and silver. Jewelry with gemstones—such as diamonds, sapphires, or emeralds—is carefully appraised to ensure that every element contributes to your offer.

Maybe you are considering selling your coins.  If so, then you have come to the right place. Oakton Coins and Collectibles knows that selling a single coin or a whole coin collection can be an overwhelming task. Perhaps you are a lifetime coin collector and are ready to sell or maybe you’ve recently inherited a collection.  We know that you have many options at Oakton Coins & Collectibles and we can simplify the process. 

When it comes to selling coins, you need to take a lot of factors into account. For instance, your coins could simply be worth face value, or they could be worth a significant amount of money. People do not always collect only valuable coins; often, they collect low-value or face-value coins for other reasons. But no matter the size or value of your collection, we are here to help. 

Sometimes people sell their whole collection. Other times, they sell the valuable parts and split up the rest between siblings. Maybe you have a small collection without a lot of monetary value and someone young in your family would appreciate it. 

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

When we conduct appraisals on coin collections, we separate coins by their composition (e.g. copper, nickel, silver, or gold). If you decide to organize your collection, these are the groupings we use:

• 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

Coin collectors are as varied as any kind of collector.  Some may collect only foreign coigns or only buffalo nickels.  They don’t necessarily collect for monetary value, but there can be coins that are significantly more valuable than most.  So it’s good to get yourself acquainted with the how the collection that you have in your possession came to be.  

Do you know how often the collector added to their collection, how often they spent and how much they bought?  Are there any records from dealers or auction companies that you can reference such as bills of sale, invoices, or canceled checks? Is there a statement in the will, or is their an have an insurance policy on the collection?

All this information is helpful to have but getting an exact right value is nearly impossible as the market fluctuates and because ultimately, value is dependent on the buyer, or more specifically, what a willing buyer actually pays a willing seller. 

Pricing your collection to sell around Rogers Park.

More than ninety percent of the time, the value listed in the pricing guides that you may reference when you sell coins, is not the price that the buyer pays. The guides are just that; guidance to establish the estimated price range you can reasonably expect for a coin. They tend to have extremely inflated values.

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

Clickbait Pricing: Have you ever clicked on a very interesting news bite and had to keep clicking more clicks to get to actually read it?  It was likely click-bait.  This is web content with the sole function of generating online advertising revenue, even at the expense of quality or accuracy. Click-bait pricing is misleading and relies on sensationalist headlines to attract click-throughs. A Click-through refers to when the reader clicks a link to go through to the next stage of the bait. One of the most eye-catching headline is that of a common coin that could be worth big money, but in reality these claims are very rare.

Real-World Pricing: This is pricing when actual money is changing hands. This pricing is with amounts that have actually been paid, not just advertised, so it is the most true market value. Everything else is only what has been thought about the worth. Coins are only worth what people are willing to pay.  Collectors are willing to pay for what is rare and in good condition.  These factors determine the real-world value.

Melt Value Pricing: Pre-1965 most United States coins were minted using either gold or silver (with a few exceptions). Melt-value is determined by the precious metals trading markets and fluctuates daily.  

Numismatics: Numismatics is the study of coins, paper currency, and metals and related objects. Coin rarity and condition drive the prices that collectors will pay.  Regardless of the metal composition of the coin, some coins have a high numismatic value if they are rare and in good condition.

A selling premium on top of the melt value comes from numismatic value.

Places NOT to sell gold around Rogers Park.

• Jewelry Stores and Pawn Shops – They have a very high markup so will only offer the lowest prices.  Also, they usually only understand the precious metal component of gold/silver coin value, and they pay only a small percentage of that price.
• Ebay – Many coins are sold on EBay every day, but it is very difficult to do so if you are not knowledgeable in either numismatics or selling on ebay.   Click here for more information.

Sell gold near me – sell gold locally – Rogers 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.