Buying Gold and Silver in Illinois

Buy gold and silver in IllinoisIllinois is a Midwestern state of USA. Illinois achieved its statehood in 1818. It is the heart of America and is renowned for its nickname 'the Land of Lincoln', being the state where Abraham Lincoln began his political career, as well as the microcosm of America. The word 'Illinois' is derived from the Algonquin word which means “Tribe of Superior Men.” From small towns and picturesque farms to big cities and great industrial power, Illinois is also a transportation center and a leading producer of corn and soybeans. It stands high in coal mining, oil production, and manufacturing. The state also leads in the production of iron and steel.

Illinois is also a popular tourist destination since it has many famous attractions to visit like the Millennium Park, Cloud Gate, Field Museum of Natural History, Magnificent Mile in Chicago, Abraham Lincoln Presidential Library and Museum, Ulysses S Grant Home State Historic Site in Galena, Navy Pier, Starved Rock State Park, Art Institute of Chicago, Chicago River Walk, and many more.

Illinois is a great place to visit for coin enthusiasts as many regional, national, and international coin shows are organized here. There are also many prominent and authorized coin and bullion dealers in the state who offer a wonderful selection of coins and bullion.

Gold and Silver Dealers in, Illinois by City:

Please check these directory pages to find local precious metals dealers in your city.

Local Coin Shows

Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. USA sees many coin shows throughout the year, and Illinois is among the states which host a few of the most famous coin shows of the nation. If you are planning to visit Illinois soon, take a look at the most popular coins shows in this state which are listed below.

Most Popular Coin Shows:

1st Sunday NOISE Coin Show – Holiday Inn Express 1550 East Dundee Road (rte 68) Palatine, IL 60039

The coin show is sponsored by NOISE and will have a minimum of 45 dealer table set up. Once can buy, sell, and trade their coins and collections here. Apart from the modern bullion and US coins, the show will also have a display of a wide variety of foreign coins and currencies, rare and ancient gold and silver coins. The show has free admission, and its hours are 9 am – 3 pm.

West Suburban Coin & Collectible Expo 2nd Sunday of the Month – Park Place of Countryside Banquet Hall 6200 Joilet Road Countryside, IL 60525. Phone: 630-399-9060

The show is held on the second Sunday of each month. This numismatic event features around 85+ dealer tables. This is one of the largest shows in Chicago and is held in a 10,000 square feet of floor space. Dealers from 5 Midwestern states will be attending this show. Dealers will be buying and selling an array of US coins, world coins, ancient and rare coins, jewelry and collectibles, as well as coin supplies. There will be lunch at the venue, and the admission is free. The show hours are 9:00 am - 3:00 pm.

Itasca NOISE 3rd Sunday Coin Show – Holiday Inn 860 West Irving Park Road Itasca, IL 60143. Phone: 815-479-0350

The show is organized by NOISE and will feature around 60 dealer tables. Buying, selling, and trading of coins and collectibles will take place here. The show will feature US and world coins, rare and ancient coins, currency, and other collectibles. Admission and Parking are free. The show hours are 9 am – 3 pm.

Greater Chicago Coin Show – Tinley Park Convention Center 18451 Convention Center Dr Tinley Park, IL 60477. Phone: 708-670-3469

The show will have around 220 dealer table set up and the tables will be filled with a wide variety of US and World Coins, US and World Paper Money, Gold & Silver Bullion, and Exonumia. The show has free admission and parking. The show timings are Thu Noon - 6:00 pm, Fri 9:00 am - 6:00 pm, and Sat. 9:00 am - 4:00 pm.

Annual Will County Coin Show – Clarion Hotel 411 S Larkin Ave Joliet, IL 60436. Phone: 815-463-9480

The show is organized by the Will County Coin Club and is an annual event. It features rare and ancient coins, as well as US and foreign coins. One can find a large variety of collectibles, too. The dealers from around the region will be attending this show and will be willing to buy, sell, and trade their wares. The event will also feature an educational program, youth auction, as well as hourly door prizes. Admission and parking are free. The show hours are 9:00 am – 3:30 pm.

Annual Gillespie Area Hiltop Coin Club Show – Gillespie Civic Center 115 N Macoupin St. Gillespie, IL 62033. Phone: 217-652-0616.

An annual event that will be attended by local coin dealers as well as out of state coin dealers. The show will have a minimum of 45 dealer table setup. There will be an impressive inventory of coins, currency, gold, silver, and sports card at this show. Admission and parking are free. The show hours are 9:00 a.m. to 4:00 p.m.

Metro East Coin & Currency Club Coin Show – American Legion Hall 1022 Vandalia Street (Route 159) Collinsville, IL 62234.

The show is organized by Metro East Coin and Currency Club and is held once in spring and once in fall. The show is expected to have at least 34 dealer table set up with dealers not just displaying their inventory but also willing to buy, sell, and trade their coins and collections as well as offer appraisals. There will be an array of coins, currency, gold and silver bullion, and jewelry. The show will feature staffed ANA tables with membership details, free giveaways, youth programs, and raffle prizes. The show provides free Wi-Fi service, free refreshments and coffee, free parking, and free professional security. Admission fee is $1. The show hours are 9:00 am – 3 pm.

Lake County Coin Club Annual Spring Coin Show – Bonnie Brook Golf Course 2800 North Lewis Ave Waukegan, IL 60087. Phone: (262) 914-7378.

An annual event sponsored by the Lake County Coin Club. Dealers from within the state as well as out of the state will attend this show. There will be buying, selling, and trading of coins and collectible at this show. Dealers will also offer free coin information and appraisal on limited quantities only. The show has free parking and admission. Show hours are 9:00 am - 3:00 pm.

The Chicago Coin Expo – Historic Chicago Cultural Center 77 W. Washington, Suite 1320 Chicago, IL 60602. Phone: 312-609-0018

This coin expo takes place at the historic Chicago Cultural Center in downtown Chicago. The show will bring together coin dealers and coin experts from around the world. This is one of the most popular coin shows in Illinois. There will be two rooms full of dealers displaying their extensive stocks and inventories of coins, paper currency, and other collectibles. An ideal place for coin enthusiasts to not just buy, sell, and trade their collections but also educate themselves at the lectures offered at this show. Auctions will also take place. This is a 4-day long event and will be attended by a large crowd. The show hours are Wednesday 2:00 pm - 6:00 pm, Thursday 10:00 am - 5:00 pm, Friday 10:00 am - 5:00 pm, and Saturday 10:00 am - 5:00 pm.

Chicago International Coin Fair – Crowne Plaza Chicago O'Hare 5440 North River Road Rosemont, IL 60018.

This is a top coin show that takes place in Illinois and is an international affair with many coin dealers from abroad flying in for this 4-day event. The show will have 300 booth bourse area which will be filled with experts, auction house, publishers, and specialists. There will be a grand display of a wide variety of coins, tokens, collectible pins, numismatic supplies, world coins, gold and silver coins, rare coins, old bank notes and checks, obsolete stock certificates, paper currency, ancient coins, sports cards, collectibles, and other numismatic supplies. The event will feature educational programs, auctions, door prize drawings, club meetings. The show hours are Thursday 2 pm – 6 pm, Friday 10 am – 6 pm, Saturday 10 am – 6 pm, Sunday 10 am – 1 pm.

Central States Numismatic Society Anniversary Convention – Renaissance Schaumburg Hotel and Convention Center 1551 North Thoreau Drive Schaumburg, IL 60173. Phone: 414-807-0116.

The Central States Numismatic Society, one of the oldest numismatic societies in Illinois, has been organizing this annual coin show event for almost 78 years now. The show is a grand affair with highly qualified numismatists and expert dealers attending this show from all over the country, setting up their tables in the 300+ booth dealer bourse area. The event features educational exhibits, club meetings, programs, and seminars. Admission is complimentary to the bourse area during the regular public hours. The regular public hours are Thursday and Friday 10:00 am - 6:00 pm, and Saturday 10:00 am - 5:00 pm (booth holders and early birds at 9 am).

Champaign-Urbana Annual Coin and Currency Show – Urbana, IL Civic Center 108 Water St. Urbana, IL 61801.

The show is hosted by Champaign-Urbana Coin and Currency Club and is an annual event that is attended by many dealers from around the region. Numismatists can buy, sell, and trade their coins and collections with the dealers at this show. Admission is free. The show hours are 9:00 am - 4:00 pm.

Breaking Down Bullion Sales Tax in Illinois

There is a sales tax exemption in the State of Illinois upon purchases of legal tender, medallions, and bullion. According to the law, legal tender includes currency, gold coins, silver coins, and any other item accepted as money in the country in which it is issued. "Medallions" are coins, other than legal tenders, which are issued by a governmental body, usually as a memorial. "Bullion" is gold, silver, or platinum in a bulk state with a purity of not less than .980. Except for legal tenders from the Republic of South Africa, which is taxable in Illinois, all other foreign legal tenders are exempted from the tax. The sales tax in Illinois is 6.25% with additional local city or county tax bringing the sales tax as high as 10%.

When buying from Bullion Exchanges, the residents of Illinois do not have to pay any sales taxes, as Bullion Exchanges is not based in Illinois. Please take your time to browse through our tax-free gold and silver products. However, please note that there may be a local use tax that an individual might have to pay so it is advisable to check with a tax professional before making a purchase.

Online Coin Dealers

Online purchasing is the best way to buy coins and bullion. It is comfortable, easy, it saves time and energy, and you can check through several shops in one go to compare their prices and get the best bargain. Bullion Exchanges is a trusted online precious metal dealer which offers you a vast inventory, competitive prices, and prompt service. Below you will find the most popular online coin dealers in Illinois.

  • Harbor Coin – A full-service coin shop that has a wide variety of all US/World coins, currency, silver/gold bullion, proof sets, mint sets.
  • Made the Grade – Although their primary focus is on comic books, they also offer third-party graded coins and collectibles.
  • Harlan J. Berk, Ltd. – This is a company established in 1964 and offer coins and antiques through their great online store.
  • Midwest Numismatics and Gold, Inc. – A full-time coin dealer specializing in world & US coins.
  • Old World Coin – This is a 25-year-old company that has a great online presence, too.
  • Northern Illinois Coin and Stamp Inc. – The company was established in the 1960s. Their inventory is huge and consists of a wide variety of coins as they are also wholesalers.
  • Decatur Coin and Jewelry – This is a high volume coin and jewelry store with constantly upgrading inventory and a great online service, too.
  • JMS Coins – Along with top grade modern coins, one can expect to find an array of classical rarities as well.
  • PGS Gold and Coin – They are a premier buyer and seller in common and rare coins and currency. They sell their products through eBay.
  • Kedzie Koins Inc. – They are one of Midwest’s leading dealers in pocket watches, coins, and antiques.
  • Dustin Massie Numismatists Inc. – They have a great online shop with a variety of US coins and world coins.

Local Precious Metals Companies

Icoin, Inc. Springfield AVe., STe 1-A Joliet, IL, 60435 Phone: (815) 730-8808

The company has over 30 years of experience in the numismatic field and is a great hotspot for all varieties of US coins and currencies. Apart from selling coins, currency, and other collectibles, they are also one of the top buyers of the same products. They also sell their products via eBay. They are wholesalers and an NGC and PCGS authorized dealer.

PGS Gold and Coin 830 W. NW Hwy Suite 8 Palatine, IL 60067 Phone: 847-348-6447 / 847-612-4902

This is a family operated company and is functioning since 2008. PGS is one of premier buyers of common and rare coins. Apart from these, they also buy all types of gold, silver, and platinum jewelry; flatware, diamonds, and collectibles. They also have a successfully running eBay store. The company offers coin and jewelry appraisal, too. They are a PCGS, ANA, PMG, and NGC authorized dealer.

Rare Coin Company of America (RARCOA) 7550 S Quincy St Willowbrook, IL 60527 Phone: (630) 654-2580

The company was founded in 1962. They specialize in Pre-1934 US gold coins. They are global leaders in import and distribution of gold coins. Their client base involves around 400 dealers, banks, and brokers in USA, Asia, and Europe. Their inventory is vast and consists of around 10,000 gold coins. They also have been leading buyers of rare and important numismatic US coins for over 40 years now, and are regular buyers of high-quality rare and ancient coins from Greece, Rome, Mexico, Spanish America, Asia, and Europe. They are an NGC authorized dealer.

Harlan J. Berk, Ltd. 31 N. Clark Street Chicago, IL, 60602 Phone: (312) 609-0016

The company was established in 1964 and is located in the historic coin location on 31N Clark Street. The services offered by the company are library and research center, consultation and curator services, professional auction representation, and help in building personal catalogs. The company is an NGC and PCGS authorized dealer.

Midwest Numismatics & Gold Inc. P. O. Box 1762 Skokie, IL, 60076 Phone: (847) 373-7199

The company is located in Skokie and has a great client base. Their inventory is filled with high-quality coins from around the world. They also regularly attend coin shows that are organized regionally, nationally, as well as internationally. The services offered by them are buying and selling, free appraisals, representation on major coin auctions. They are an NGC authorized dealer.

HARBOR COIN COMPANY 5250 Grand Ave Unit 6 Gurnee, IL, 60031 Phone: (847) 596-2476

This is a family run business that is located in Gurnee. They have a wide variety of US and world coins, currency, gold and silver bullion, proof and mint sets, commemorative pieces, and coin supplies. They offer services like appraisals, auctions, buying and selling items, grading, and proofing. They are a submission center for PCGS, NGC, and CAC. They also members of ANA, CSNS, ILNA, etc.

Decatur Coin and Jewelry 104 North Main Decatur, IL, 62523 Phone: (217) 423-0041

This is a place for collectors as the company has all varieties of coins, paper money, tokens, and vintage jewelry. The company has fresh material coming in every day and have a high volume inventory. They offer collector-grade coins. They are a PCGS and NGC authorized dealer.

Chicago Precious Metals Exchange, LLC 30 S. Wacker Dr 22nd Fl Chicago, IL 60606 Phone: (312) 854-7084

This is one of Midwest’s leading precious metal dealers. They are a leading authority on precious metals and have great collaborative client relationships. They have a broad selection of coins and bullion. This company is a top choice for those who want to invest wisely. They are a PCGS, NGC, and ANA authorized dealer.

Bullion Depositories

Chicago Precious Metals Exchange 30 S Wacker Dr Chicago, IL 60606, USA Phone: 312-854-7084

They partner with International Depository Services of Canada in Toronto. They are a full-service precious metal depository which offers complete anonymity and no data is shared outside the facility. Storing your investment in a foreign facility like this lets you have an extra layer of portfolio protection. It also reduces the exposure to the economic condition of a single country.

The Gold Center 3000 W Iles Ave. Springfield, IL 62704 Phone: 217-793-8000

Gold Center is a private vault firm that offers both bulk storage as well as segregated storage of precious metals. The vault walls are made of three-folds of solid concrete which is reinforced with hardened steel. The vault has a single entrance which is highly secured with multiple combination vault doors. An additional combination secured locker will be holding all the valuables.

Smelters & Refineries

If you have some gold coins, small bars or jewelry items which you want to convert to other precious metals pieces, Bullion Exchanges offers you high-class gold and silver smelting. Below you will also find renowned precious metal smelters and refiners in Illinois.

Precious Metal Refining Services, Inc. 1531 South Grove Ave. Suite 104 Barrington, IL 60010 Phone: (800) 323-9785
Sipi Precious Metals 1720 North Elston Avenue Chicago, Illinois 60642 Phone: (800) 621-8013 or (773) 276-0070
Mid-States Recycling & Refining 1841 Busse Hwy Des Plaines, IL 60016 Phone: 847-298-0010
Horizon Metals, Inc. 3925 N. Pulaski Rd. Chicago, IL 60641 Phone: 773-478-8888
BMX Metals 4004 N. Nashville Avenue Chicago, IL 60634 Phone: (708) 831-8610
The Gold Center 3000 W Iles Ave. Springfield, IL 62704 Phone: 217-793-8000