Paying top dollar

for your diamonds since 1980

    Contact Us Today

    Factors that Dictate the Value of Coins

    Posted on July 16th, 2017 by Joe G


    Circulated coins are released into circulation after they have been minted. Some coins are reclaimed by the United States Treasury because their face value is lower than their intrinsic metal value. This has happened to many coins over time, and the coins that have remained in the hands of people and coin collectors are the surviving coins. If the survival rate is a low number, this could give your coin more value.


    The Demand for specific coins and collections has varied for decades. For example, during the great depression a coin dealer named B. Max Mehl was offering $50 per every 1913 Liberty Head Nickel. This caused a high demand of this coin at the time. Understanding the demand of certain coins takes close attention to the coin industry.

    Melt Value

    The composition of your coins could be very valuable to a Chicago coin buyer. If your coins are made from precious metals like gold and silver, your common date coinage will rise and fall with the gold and silver markets. Even if it is not a precious metal, something like copper or nickel, can be very valuable depending on the date, mint, mark, and condition.


    The finest possible Uncirculated or Proof condition is always best for your coin to have a high value. Coins taken out of circulation are stored for collection are highly sought after for their original pristine condition. It is important to note that “good condition” is one of the worst condition grades and people misuse this term to try to describe what they feel are high grade coins. It also does not mean a newly cleaned and polished coin is something that collectors want. That being said–you should never clean your coin! A Chicago coin buyer at Chicago Gold Gallery will prefer your coins to be as close to it’s original and natural state. Cleaning your coins will not increase their value, it always decreases their value.

    If you are ready to sell your coins to a Chicago coin buyer, consult with Chicago Gold Gallery. Our Chicago coin buyer is a knowledgable numismatist in the industry, helpful, and passionate about coins and other precious metals. Visit us at Chicago Gold Gallery today.

    ← Back

    Customer Testimonial

    Had a Great Experience

    I have dealt in coins and metals since the 80s. Had dealings with many dealers. Got scammed by a few. Chicago Gold is the only one I would recommend to my family or friends. Have your valuables appraised by them before you sell.

    Date: 05/12/2022 • 5 / 5 stars ★★★★★

    Awesome place!

    What a super knowledgeable gemologist. After all that experience also they are soooo willing to help and answer all the questions I had. Excellent experience. They went above and beyond for me. Highly recommended. Super trustworthy.

    Date: 01/20/2022 • 5 / 5 stars ★★★★★

    I'll be back

    Cashed in some silver coins and received a very fair exchange. Joe and Chris, were very friendly, and comfortable to deal with. Came back with some jewelry, and received a rough appraisal...again no pressure.

    Date: 11/15/2021 • 5 / 5 stars ★★★★★

    I would do business with them again

    I found the Chicago Gold Gallery to be a very honest and reputable shop. I would highly recommend this store to anyone buying and selling their possessions.

    Date: 05/01/2021 • 5 / 5 stars ★★★★★

    How to Reach Us?

    Get Directions

    Contact Us

    Get the most for your valuables.

    1236 W. Devon Avenue
    Chicago, IL 60660

    Phone: 773-338-7787 Email:

    Hours: Mon- Fri: 10:15am-6pm, & Sat: 10:15am-5:00pm

    Especially Wanted

    • Gold & Silver Coins
    • Bullion Gold, Silver, & Platinum
    • Scrap & Old Gold
    • Sterling Silverware
    • Dental Gold
    • Coins & Coin Collections
    • Franklin Mint
    • Collectibles
    • Rare Coins
    • Antique & Modern Jewelry
    • Diamonds
    • Watches - Rolex, Patek Philippe
    • Broken Jewelry
    • Tiffany & Company - Cartier
    • Vintage & Modern Guitars