Paying top dollar

for your diamonds since 1980

    Contact Us Today

    How to Determine if Your Old Guitar Has Value

    Posted on October 23rd, 2020 by JoeG

    Guitars can be a great addition to your life if you play often, but selling your guitar in Chicago is another great option if you’d rather have the cash instead. You may be curious whether your guitar is worth something after all of these years. Consider the following factors that can determine how much your guitar is worth:


    Make and Model

    Certain guitar brands such as Gibson, Fender, Gretsch, Martin are known for highly sought after guitars. If you have one or a family member has one, the chances are that your guitar is worth something. Vintage and old guitars are worth a considerable amount (especially from the 1950’s & 1960’s), as collectors are trying to find the perfect missing piece to their collection.


    Of course, the condition of your guitar will play a large factor in how much it is worth. Mint condition guitars will be worth more than guitars that are , missing original parts, paint finish and electronics. Guitars left in an attic or basement are still valuable but may have incurred damage like warping, cracks, separating joints etc.


    Guitars can look good, but more importantly they should produce a great tone. The sound of a guitar will vary and certain guitars have their own tonal qualities. Gibson Les Pauls have a thick and deep tone, Fender Telecasters are bright, Rickenbackers can have chimey type tone . A bowed neck will also impact the tone that the guitar produces due to the frets buzzing and other playability issues.
    It can be difficult to determine the value of your guitar on your own. If you’re trying to sell a guitar in Chicago, we recommend visiting us at Chicago Gold Gallery.

    Our skilled team of guitar buyer/collectors have decades of experience providing appraisals for guitars, gold jewelry, diamonds, coins, and more! Call now or visit us to get a better idea of what your guitar is worth.

    If your guitar has the original manuals, receipts and anything that came with the original sale it can increase the value of what we will pay for it.

    ← Back

    Customer Testimonial

    Had a Great Experience

    "I drove all the way from the south side just to sell my silver to Chicago Gold Gallery because of the knowledge and professionalism I received on the phone. They gave me top dollar for my silver and were so fast and friendly. I definitely recommend this business!"

    Date: 10/27/2017 • 5 / 5 stars ★★★★★

    Can't say enough about this place.

    This is the most welcoming, non-pretentious place to do business! I was researching where to sell sterling silver I had and ended up choosing here based on the other great reviews. They walked me through the whole process and answered my questions. I got a great price for my items & will go there again.

    Date: 09/17/2018 • 5 / 5 stars ★★★★★

    Love this place!

    Chrissy & Joe are all super friendly and easy to work with. I trust them and they will do whatever they can to help you including giving you advice on what you have or what you should look for. I won't ever go anywhere else and I've recommended it to several friends.

    Date: 08/02/2015 • 5 / 5 stars ★★★★★

    I would do business with them again

    I had a large collection of silver coins sitting in my safe deposit box for 15+ years. Chrissy was so friendly and helpful she even gave me advice about coins I didn't know. She was more than happy to help me for over an hour in between taking care of other customers. They really did give me top dollar for my coins. Whether you are new or a pro with coins, I can highly recommend you take them here!

    Date: 02/22/2020 • 5 / 5 stars ★★★★★

    Don't Hesitate to call...

    I find that Joe at Chicago Gold Gallery consistently offers and pays more for my coins than coin dealers in Chicagoland. He's very nice and easy to deal with. Don't hesitate to call him and preferably visit him.

    Date: 12/04/2015 • 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, Tues, Thurs, Fri: 10am-6pm, Wed:9:30am-6pm & Sat: 9:30am-5:30pm

    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