Glenview Coin & Collectibles Inc
· Opens tomorrow 10:00 AM
1713 Glenview Rd, Glenview, IL 60025
305 coin dealers found in Illinois
305 coin dealer match your search criteria
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305 coin dealer match your search criteria
Selling or buying coins in Illinois: how to prepare
Illinois exempts bullion and qualifying coins from sales tax, then taxes your gains at its flat income rate, and its Precious Metal Purchasing Act sets record-keeping and holding rules for dealers who buy from the public. In practice that means a legitimate Illinois coin shop will ask for your ID and may hold purchased items before resale: that is compliance, not distrust. The shops above are ranked by verified customer reviews across Illinois. Check your melt floor before visiting, and treat any coin with an old date or odd mint mark as worth a collector-value check first.
305 listed businesses · 530 verified customer reviews · top rating 5/5 (live figures from this directory)
Illinois exempts investment bullion and qualifying coins from sales tax, then taxes your gains at a flat 4.95%
Under 35 ILCS 120/2-5, Illinois exempts legal tender, currency, medallions, and gold or silver coinage from qualifying governments, plus bullion, from state sales tax. When you sell at a profit, Illinois taxes that gain at its flat 4.95% individual income tax rate. Dealers who buy from the public must comply with the Illinois Precious Metal Purchasing Act, which sets record-keeping and holding requirements. Read the full state guide.
Selling or buying coins locally: common questions
How do I know if my coins are worth more than their metal value?
Three things put a coin above melt: a scarce date, a scarce mint mark, and condition. Start with our free guide on collectible value versus melt, then get an in-person opinion from a shop listed on this page before selling anything old for scrap. The metal price sets your floor, never your ceiling.
What should I bring when selling coins in Illinois?
A government-issued photo ID (dealers who buy from the public record seller identity in most states), the coins in whatever holders they are already in (do not clean them), and your own melt-value estimate from a free calculator so you can judge offers on the spot.
Should I accept the first offer a coin dealer makes?
Compare at least two offers on anything above a few hundred dollars. Offers vary legitimately between shops depending on their inventory and clientele. You can also post one free request on our marketplace and let rated buyers quote their best price before you visit anyone.
Is it safe to mail coins to a distant buyer instead?
Reputable mail-in buyers use insured, tracked shipping and quote after receipt. It widens your options beyond local shops, at the cost of a few days. For rare coins, an in-person appraisal first is usually worth it. Our selling guides explain both routes step by step.