Chicago Coin Company

Loved doing business here. Purchased some bulk silver from this guy. No pushy junk just straight forward honest prices with a smile. Will definitely continue to do business with them in the future. The business is also conveniently located 20 feet from both a bus and train stop. Gotta love it!

I am only offering this review based upon wholesale trade at coin shows, as I admit I have not been to the Chicago Coin Co. premises in person. I have had very pleasant and straight-​forward interactions, both buying & selling. I like to deal with Bill at shows. When I need to «dump» gold from a deal that I just bought, he is a great resource. When I buy from him, he sells at fair prices where I can make some money.
As a colleague, who also runs a coin shop out of state, I am concerned about misunderstandings and keeping customers happy. I noticed that the negative reviews mostly sounded like mere misunderstandings or miscommunications. In the current market, paying 100% of grey sheet bid for a VF30 small cent would be a mistake, as this is nearly current retail. Verbal offers made over the phone are always contingent upon inspection, and sometimes must be renegotiated if the coin is far below par, or retracted if the seller seems below board. There is a different sheet, called the «blue sheet» that is for sight-​unseen offers. It could have been used safely in that situation, because it is MUCH lower. Adjusting an in-​person offer by 10% from a sight-​unseen estimate is ethical, and paying 90% of grey sheet for a VF30 cent is more than generous. Coin dealers do this sort of offer so frequently, that it is easy to forget to articulate all of the contingencies that are often just understood. It is disappointing to get a little less than anticipated for a coin, but rejecting a completely fair offer is on the seller.
Also, many customers use the word «appraisal» interchangeably with «offer». It is sometimes a little difficult to tell which a customer really wants. Spending time evaluating low-​value coins for a customer free of charge can be a source of frustration for coin dealers. There are many coins that the public refers to as «silver dollars» or «gold dollars» that are neither silver nor gold. If you can go to the bank and get it at face value, it doesn’t contain any precious metal. If you are offered $ 1.10 each for «silver dollars» at Chicago Coin Co., then they aren’t silver! I don’t even buy those, because I can only get $ 1.18 each if I mail hundreds of them out to a wholesale buyer!

I called on 10/​24/​2014 and inquired about selling a PCGS VF 30 penny. Lady said store would pay $ 770(gray sheet bid). I brought the coin in on 10/​25/​2014 and guy said she made a mistake & offered $ 700. I drove 45 minutes each way for nothing. Do your coin selling elsewhere.

I have bought lots of gold and silver in the last 3 year from these guys and their prices are always the best. I trust these guys after years of dealings. There is even a private numismatic library on site that hardcore coin guys fly in from all around the country to use for research. This is a serious shop.

This is the place to go to buy and sell coins for anyone, from the average person who knows nothing about coins up to the professional coin dealer.
I was just there on Saturday to sell about 150 silver dollars and also some old silver quarters and halves. They pay the BEST prices, way more than most coin shops. I also bought some gold there and their prices were better than Ebay or any other online site.
There is a reason that coin dealers come to this place to sell — these guys pay the highest prices and they are honest. Those are hard qualities to find in the world of coin dealers.
If you need to sell or want to buy some silver, gold, or other coins, you can trust this place. Ask for Glen or Bill and you won’t be disappointed.

For prices to purchase, this would be 5 stars. As of my latest purchase, they charge $ 1 over spot. I contacted over 5 other dealers in the area who charge $ 2 or $ 3 over. When making a larger purchase, that can save you a lot.
I called ahead to see if they had what I was looking for and they were able to look and verify pricing and quantity very quickly and professionally.
I purchased a decent amount of silver 1 oz rounds. They were in great condition and I am very happy with the purchases.
They are not the friendliest people here. I was not quite sure what to expect being that I am very new to collecting and investing in coins, but when I walked in it reminded me of a pawn shop. Not fancy at all, but I really didn’t mind that.
They had everything I asked for and quick service. I was in and out in less than 5 minutes with my purchase.
Only thing I am confused on… not sure if they made a mistake the last 2 times I was there or if they just have really great prices… but both times they sold me some Silver Eagle coins and I verified that the particular year I was looking for was worth $ 65-​$ 75 each prior to going to the shop. They only charged me $ 40 each. I asked both times to verify the price and they seemed distracted and wanting me to leave, so I bought several and left and made a quick profit on that investment.
I have not tried to sell anything here so unsure if the below review is accurate on that.

First, let me be clear
if you’re looking to buy or sell gold or silver this place is more like 3 or 4 stars as far as I can tell. They sold me some silver at just a little above its going price and that’s great!
But as for a place you’d have appraise your coins?
No way!
I went in there with a collection of ancient coins, greek, roman, etc. One with alexander’s face on it. Alexander the friggin’ great!
And the guy said they were basically worthless and offered me the value of the silver it them.
I’m okay with a pawn shop guy screwing me, but a guy who claims to be an appraiser?
If he’d said «these are worth maybe a few hundred bucks, but I can only offer you $x» I woulda been less harsh in this review.
But he out and out tried to screw me.
Again, good source of silver, but I wouldn’t trust them with a penny I found on the sidewalk.
ya know, the more I think about it, I suspect he thought I stole them and figured I didn’t know better and would take the $ 18. I won’t say that was the case, because there are libel laws, but it sure is suspicious.

Well. I went to this place and it seemed more like a pawn shop with the glass that divides you from the staff. I get there and a nice lady said she would get someone to help me. This older guy with a mustache came up and just motioned for me to send my coins and some currency through the little slot. I slid the money to him and began to sift through it. I wasn’t sure what he was doing with it, and it turns out he was dividing it my material value. Granted I didn’t get involved in the process but when he got help to value the currency i should have really known that I was in trouble. They took the money and when I said that I wanted the currency back and some silver dollars that they wanted to give me 10% over face for. I felt like I was irritating the guy and apologized for making things difficult and he just said «yeah right.» like my whole goal was to piss him off. If they didn’t want to value my currency then they should not advertise that service. I would have paid for the appraisal but he didn’t even ask. Go there to buy silver eagles, but I don’t feel confident with their appraisals.