Gold prices are going through the roof, but it's difficult to find a reputable place to sell gold without being taken advantage of. Following are several great places to sell gold in the Chicago area and a few tips for getting the best gold prices.
Useful tips to follow before selling gold
When most people think of selling something valuable with a quick turnaround time, a pawn shop is one of the first places that comes to mind. Avoid pawn shops at all costs, because they'll buy gold at the cheapest price available, only to resell your gold to better buyers. One of the first things that you should do if you plan on selling gold is have it appraised. It's very difficult to "guestimate" how much your gold is worth, and even if you think that you might be getting a good deal, it's hard to know unless you know how much your gold is worth. When selling jewelry, be sure to factor the price of the jewelry as a whole instead of just its weight in gold. Now that you know what to do before selling gold, here are a few great gold buyers in the Chicago area.
Where: 1445 W. Belmont Ave. Contact: 312-209-2727
A&R Estate Buyers buys "diamonds, scrap gold, fine jewelry and watches, collectible coins, silverware, and other rarities." Known for their great service and high cash offers for gold, A&R Estate Buyers has been ranked one of the best places to sell gold at Yelp.com, where it currently has a five-star rating. A&R Estate Buyers' buying prices are a way better option than opting for local pawn shops or mail-in gold buyers that are all too common.
Where: 1827 W. Irving Park Road Contact: 773-868-0300
A-1 Jewelry & Coin has been in business since 1984 and is a family-run business of experts specializing in jewelry sales. A-1 Jewelry & Coin is a one-stop gold-selling location that appraises jewelry and offers the highest cash payments for modern and antique jewelry, coins, and currency, and walk-in exchanges and mail-in gold offers as well.
Where: 428 S. Clark St. Contact: 312-427-6542
Royal Jewelers & Loans is a well-known gold and jewelry buyer in the Chicago area and has been featured on MSNBC and the "TODAY" show. Royal Jewelers & Loans offers great prices for gold and jewelry items, and if you're not interested in selling your gold items at their prices, they are also able to offer loans if you're in need of quick cash.
As a husband and father of four children, Millionaire Hoy offers family-friendly advice on many topics from a father's perspective.
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- pawn shop
- W. Irving Park Road