Gold and silver are precious metals that have been used as currency and as a store of value for centuries. They are considered safe investments simply because they can hold their value over time.
Seeing and knowing all this, many people want to buy gold and silver in Chicago but struggle with figuring out which firm is good for them. To simplify this process, I have listed all the best firms in Chicago.
Important Notice! Before you continue onwards:
Sutter Gold Mining prides itself on providing the most accurate and up-to-date information possible.
I put in long, hard hours to ensure all the information I provide is reliable and helpful for you to buy gold and silver. This is simply because financial decisions like this should be well-planned!
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You can search for great gold IRA firms while looking for a top-tier investment firm simply by reading the article below.
This will also help you figure out the company you align with and the one that is best for your business.
Where To Purchase Gold & Silver In Chicago, IL
Chicago, apart from being the biggest city in the state of Illinois, is also the busiest. It is the third most populous city in the United States. Furthermore, the city is considered a major hub for finance and industry.
This means that you are likely to find many precious metals firms. Here are some of the best ones that I have looked into.
Check if the company that has caught your eye is on this list. If it is not, chances are it may not be reputable.
1. Stamp King
In this modern era, not having a website is simply not competitive. Additionally, it makes your company look not as legitimate as one would think.
This is the case with Stamp King, a full-service stamp store that deals in gold and silver bullion along with stamps.
The company dates back to 1960 but was established in 1975. This particular branch has been open for more than 40 years.
The lack of a website makes it difficult to talk more about the company. This is further paired with a general lack of presence on the internet.
The only way you can learn more about the company is through its Yelp page and its Facebook page.
Even the name may sound confusing when you search for some precious metals and bullion. That being said, you can rest assured that this company has some unique bullion offerings.
Phone Number: (773) 775-2100
Address: 7139 W Higgins Ave Chicago, IL 60656
Website: N/A
2. A-1 Jewelry & Coin Buyers
If you are looking for a small group of trustworthy individuals to purchase gold and & silver from, you might want to check out A-1 Jewelry & Coin Buyers.
This family-owned business was established in 1984 and is located at the address below. The small company is very capable. They specialize in buying and selling various gold, silver, and other metals jewelry.
You can also get your hands on flatware, currency, and coins. The company is highly regarded on Yelp and other review sites. All the staff is well versed in selling precious metals and bullion.
Additionally, the company tries its best to maintain quality. Any product you purchase is sent out to be professionally cleaned and polished.
Phone Number: (773) 868-0300
Address: 1827 W Irving Park Rd Chicago, IL 60613
Website: https://a1jewelryncoin.com/
3. Glenview Coin & Collectibles, Inc.
The people at Glenview Coin & Collectibles, Inc. offer the best prices for gold, silver, and various other products. These products may include stamps, coins, and other collectibles.
While this may not cater to beginners, if you are looking for a specific coin or piece of bullion, they will help you find it. This company is also very keen on helping you further advance your collection.
Located on the outskirts of Chicago, they have positive reviews on Google and decent reviews on Yelp. Overall, they look like a very dependable company, especially if you have experience in precious metals investment.
The only major drawback that is of note is the fact that they are not open on Sundays and Mondays. Aside from that, they are a solid company that you should check out.
Phone Number: (847) 724-1075
Address: 1713 Glenview Rd, Glenview, IL 60025
Website: http://glenviewcoin.com/
4. Niles Coin Shop
The Niles Coin Shop has been serving the citizens of Chicago for more than 40 years now. They are more geared towards experienced bullion purchasers and investors.
This can be great for you as they will help you find the type of precious metals or coins you want the most. This is all done by experienced staff members who will guide you through every step of the way.
When it comes to their wares, they have a variety of rare coins, collectibles, vintage jewelry, and bullion of both silver and gold.
The people working here are also regarded as experts in coin collecting, so you can greatly benefit even if you are a beginner. They are well-reviewed on Yelp and Google, which speaks well about their services.
Phone Number: (312) 579-0584
Address: 7635 N Milwaukee Ave, Niles, IL 60714
Website: https://www.coinshopniles.com/
5. New Era Jewelry & Coin
Claiming to be Chicago’s premier destination, when it comes to buying or selling gold. You can expect good things from this company. This is evident from their mostly positive reviews on both Google and Yelp.
These sorts of positive reviews can be expected from a company with more than a decade of experience. Despite being established in 2006, the people employed here have more than 30 years of experience.
This is exactly what you should be looking for in this line of work. The company guarantees the highest cash payout possible and premium prices when purchasing bullion.
They also offer free appraisals to those willing to visit their location personally. This is one of the many reasons why you should visit them. It will also help you see their services and decide on investing.
Phone Number: (773) 772-9100
Address: 4359 W Diversey Ave. Chicago, IL 60639
Website: https://newerajewelryncoin.com/
6. Archie’s Coins, Jewelry & Collectibles
The people at Archie’s Coins, Jewelry & Collectibles have been around since 1955. They claim since that years, no one has been able to match their superior prices.
It is also likely that not many can match their variety of products either. They have an immense selection of coins, US paper money, antiques, and silver and gold bullion.
They are also a great place for selling items as they offer top dollar for anything from gold scrap to platinum scrap. While they may accept scrap, you can rest assured that their products and wares are top quality.
The company has stellar reviews, which are to be expected from a company that has been operating for so long.
With more than 135 years of combined practical experience in the coin business, you should check out this family-owned business.
Phone Number: (773) 774-1433
Address: 5516 W. Devon Ave, Sauganash/ Chicago, IL
Website: http://www.sellyourgoldchicago.com/
7. Chicago Coin Company, Inc.
Starting its services in 1995, the Chicago Coin Company, Inc. has since grown into a large wholesale company. They are one of Chicago’s top sellers and buyers of precious metal bullion.
Their position is explained well by the lackluster reviews on various websites and Google. Do not let this dissuade you from giving them a look, as they have plenty of redeeming qualities that should attract you.
The company has talented individuals working in it. These employees all have a combined experience of more than 100 years which will benefit you immensely. Despite its name, they do more than sell and buy precious coins and currency.
Moreover, they also deal in silver bars, proofs, and various other medallions and commemorative pieces.
Such an immense variety of products makes them a good firm to join if you want to invest in a wide range of precious bullion.
Phone Number: (773) 586-7666
Address: 11527 S. Harlem Ave. Worth, IL 60482
Website: http://www.chicagocoin.com/
8. Morton Grove Coins & Collectibles
Passionate about what they do, you expect a lot of good business catered towards you if you choose to work with Morton Grove Coins & Collectibles.
This family-owned business is great for both investors and collectors. It can be proven simply by checking out their ratings and reviews on any website.
Overall, they are on par, if not better than the rest of the competition, which is commendable for a smaller, family-owned firm.
You can expect reliable and helpful advice when visiting this firm. The employees are experienced enough that they will strive to meet all of your needs and requirements. They take pride in providing an honest and reliable representative of their values.
According to them, if you partner with them, you will be treated nothing less than family. It does not matter if you want gold, silver, or rare coins. You can bet that this firm has them for you to purchase.
Phone Number: (847) 967-9200
Address: 9241 Waukegan Rd, Morton Grove, IL 60053
Website: https://mortongrovecoins.com/
9. Harlan J. Berk, Ltd.
Established in 1964, Harlan J. Berk, Ltd. has always had ties to precious silver and gold coins. The location was a coin store in 1940 and became the company’s business location almost 49 years later.
The company started due to the owner’s love and history with precious coins. This simple passion would soon become a ground-level retail store and gallery. The company has displays of both US and foreign coins and currency.
Furthermore, the company has you covered for customers who want ancient coins. They also have various classical antiquities you can check out during business hours.
Additionally, they have private offices as well. You can meet with experienced staff members to conduct business and research here.
All of these reasons are why you should check them out personally. This is especially so if you are experienced in purchasing bullion in the form of coins.
Phone Number: (312) 609-0016
Address: 31 N Clark St, Chicago, IL 60602
Website: https://www.hjbltd.com/
Frequently Asked Questions
Q1: How Much Do Gold Dealers Charge In Chicago, IL?
Most prices you will be asked to pay when it comes to gold bullion depend on the spot value. This means that dealers will sometimes go into a slight loss when selling to you.
To counteract this, many dealers in Chicago will ask you $120 to $150 over the spot price. This can be, at minimum, a 2% extra charge but can easily go up to 5%, which you should take care of.
Q2: Are There Taxes On Purchasing Gold & Silver In Chicago, IL?
Chicago is one of the few states with sales tax on precious metals and bullion. Currently, as of writing this article, there is a 6.25% tax on selling gold, silver, and other metals.
You can also have further tax added by local municipalities, which can go up to around 4% extra. This is one of the many reasons you should do careful business with reliable companies.
Q3: Can You Invest In A Gold IRA In Chicago, IL?
A solid alternative to retirement savings is a gold IRA. Many people gravitate toward it, which is why there is controversy around the topic.
I am happy to say that you can easily invest in a gold IRA in Chicago. This is something a lot of people will even encourage you to do so. You should check out the firms listed in this article to see if they offer this service.
Gold IRA services are a perfect way to diversify your assets and expand your investment portfolio. This, however, is only possible if you have a capable firm providing you with the service. I have gone ahead and compiled various reliable gold IRA companies for your benefit!
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Conclusion
The precious metals investment procedure can be a very tedious process. Additionally, there are many places where you can search and purchase for gold and silver items in Chicago. This can make it difficult in figuring out which firm to go to.
Luckily, you should be able to do so now that you have finished reading this article. If you resonated with a particular company, you should make sure to get in contact with them via the information I have provided.
Martin Thomas, the owner of Sutter Gold Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again.
