Paying top dollar

for your diamonds since 1980

Discover the Hidden Treasure of Rare Coins in Chicago

Posted on May 28th, 2021 by Joe G

How to Identify Valuable Coins and Maximize Their Worth

Are you an avid coin collector or just starting your numismatic journey? Imagine stumbling upon a rare coin that could fetch you a small fortune! Whether you’ve inherited a collection or found some old coins, determining their value can be both exciting and rewarding. If you’re wondering how to identify valuable coins and eventually sell them for top dollar, we’ve got you covered.

Unlock the Secrets: Consulting Coin Books and Magazines

New to coin collecting? Dive into the fascinating world of numismatics by delving into coin books and magazines. One invaluable resource is the “Blue Book,” the Guide Book of United States Coins, which provides annual updates on coin values.

Decoding the Value: Unraveling the Three Factors

  • To gauge the worth of a coin, consider three critical factors:
  • Initial Mintage Number: The original number of coins minted and released to the market.
  • Coin Grade: The condition of the coin; higher grades typically fetch higher values.
  • Demand: The desirability of the coin among buyers; a higher demand can drive up its price.

The Hidden Gems: Searching for Coin Errors

Sometimes, the tiniest details can transform an ordinary coin into a treasure trove. Shine a light on your coins to spot potential errors that may not be immediately visible. Look for die cracks, missing elements, and anomalies in the words and images on the coin’s surface. Struck errors, like doubling or missing sections, can also elevate a coin’s value.

However, not all errors lead to significant value increments. To get an accurate assessment, entrust the identification and grading of errors to reputable third-party authenticators like NGC or PCGS.

Preserve the Magic: Avoid Cleaning Your Coins

Resist the temptation to clean your coins! Cleaning them can strip away their luster and patina, reducing their value. The appearance of dirt on a coin doesn’t diminish its worth.

Store your coins correctly to prevent them from touching each other and suffering dings or damages. Utilize coin folders, flips, or albums with non-PVC materials to protect their condition.

For rare and valuable coins, consider having them encapsulated by a professional grading service to maintain their pristine state.

Seek Expert Advice: Bring Your Collection to Chicago Gold Gallery

Uncover the true potential of your coin collection by bringing it to Chicago Gold Gallery for a free coin appraisal in Chicago. Our expert numismatist professional coin graders will help you understand the value of your collection, identifying rare dates and mint marks that may be hiding exceptional worth.

Whether you want to buy, sell, grade, or simply inquire about coins, visit our shop today to speak with one of our dedicated coin buyers and embark on a rewarding numismatic journey.

← 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: 10/17/2023 • 5 / 5 stars ★★★★★

I would do business with them again

Good people who are honest, open and friendly. I'm glad I found them and not too far from my area.


Date: 01/02/2024 • 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: chgogoldgallery@aol.com

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