Understanding Bullion and Essential Considerations for Purchase in the Skokie area.

Bullion signifies precious metals in bulk, valued based on weight. While Gold or Silver bullion commonly appears as bars or ingots in popular culture, the range of forms bullion can take is more diverse. Good delivery bars remain the most prevalent form, yet coins and rounds also fall within the bullion category.

What Defines a Bullion Coin?

A bullion coin holds no collectible value beyond the precious metal it contains. Typically manufactured to meet investor demands seeking smaller denominations of precious metals, these coins often feature minimal amounts of precious metal content, which primarily determines their value.

Compared to numismatic or semi-numismatic coins, bullion coins are usually sold at a lower premium over the market price of the underlying metal. They come in various sizes like half-ounce, quarter-ounce, tenth-ounce, and even one-twentieth-ounce sizes.

Classic Gold and Silver coins like the South African Krugerrand, Chinese Panda Coin, American Buffalo Coin, or Canadian Maple Leaf Coins are examples, each minted with 1 troy ounce of .9999 fine Gold. While their value is often tied to their precious metal content, scarcity, and collector’s value also contribute.

The American Eagle Coin series, produced by the United States Mint since 1986, is notably popular, available in sizes of 1 oz, ½ oz, ¼ oz, and 1/10 oz. Guaranteed by the US Government for their stated weight of .999 fine Precious Metal, more than 400 million American Eagle Coins have been minted.

Adding a Silver or Gold coin to your collection serves as an accessible method to enhance its value.

Key Factors When Purchasing Bullion in the Skokie area.:

• Precious Metals Value: Economic conditions, supply and demand, trading frequency, and political circumstances influence bullion values. Understanding these factors aids in gauging purchasing power, whether interested in bullion bars or coins.
• Bullion Shapes: Besides traditional bars and rounds, bullion can take non-traditional shapes like stars and Silver bullets. Hand-poured Silver, despite lacking the typical molded bar finish, is considered bullion. Certain jewelry pieces may also fall under this category.
• Coin Varieties: Bullion coins span various types worldwide. Common ones include the Australian Kookaburra and Kangaroo, American Eagle and Buffalo, Canadian Maple Leafs, Austrian Philharmonics, British Sovereigns and Britannias, Mexican Libertads, and Pandas from the Central Mint of China, among others.
• Precious Metal Types: Bullion isn’t limited to Gold and Silver; it extends to Platinum and Palladium, rarer metals readily available for investors.

Collecting or Investing in Bullion in the Skokie area.

The allure of collecting or investing in bullion varies for each buyer. The wide array of options ensures suitability for novice and experienced investors alike, aligning with diverse budgets and investment strategies. Understanding the uniqueness and value of bullion significantly aids in setting and achieving investment goals.

Bullion’s appeal stems from its varied sizes and shapes, catering to different preferences. Smaller sizes offer an affordable entry point without requiring significant financial commitment, while larger sizes, such as 10 oz Silver bars or 1 kilo Gold Bars and Rounds, add diversity to Precious Metals portfolios.

Types of Silver Bullion in the Skokie area.

For those considering Silver bullion, numerous forms exist. Older U.S. coins with a Silver content of 90% — often termed “junk” coins — remain a viable option, lacking collectible value beyond their Silver content.

Modern coins like the American Silver Eagle and Mexican Libertad, minted annually with one troy ounce of .999 fine silver, are considered investment-grade bullion coins. Additionally, minted precious metal rounds vary in artistry but commonly possess a distinct bullion finish.

An informed Silver bullion investor should grasp spot prices, value, and liquidity before bulk purchases.

Types of Gold Bullion in the Skokie area.

Purchasing Gold bullion demands careful consideration despite various entry points for investors. Observing Gold bullion prices enables maximizing buying power, leveraging momentary market dips.

Investors might opt for smaller amounts of Gold bullion, like 1/10 oz Gold bullion rounds, offering an affordable start without extensive financial commitment. Gold coins from different sovereign nations, varying in quality and status, present another investment avenue. Proof Gold coins, with their controlled mintage and artistic value, often carry high premiums, while burn Gold coins provide a distinct visual appeal.

Gold bars remain popular for their affordability, portability, and storage ease, appealing to many Gold bullion investors.

Other Precious Metal Bullion in the Skokie area.

Exploring rare and unique forms of Platinum and Palladium bullion, including proof, burnished, and commemorative coins, opens new investment avenues. Smaller sizes of Platinum and Palladium bullion cater to modest budgets and offer investment diversity.

Both Platinum and Palladium, widely used across industries, possess different supply and demand dynamics compared to Gold or Silver. Their purchase is easily facilitated online, with price comparison among sellers recommended.

Palladium, particularly sought for its role in reducing vehicle emissions, provides a less volatile commodity option. Similarly, Platinum, utilized in various industries, offers affordability in diversifying investment portfolios with its low correlation to other asset classes. Acquiring Palladium and Platinum bullion serves as a prudent strategy to diversify investment portfolios, ensuring a balanced approach to investment.

Oakton Coins is buying all collectible coins / paper money (U.S. and world), all forms of gold & silver.

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Coins and banknotes often serve as tangible pieces of history, reflecting the culture, politics, and economic circumstances of the times they were minted. One such numismatic treasure is the 1914 China Republic $1 Silver “Fat Man” Dollar. This coin is not only a striking work of art but also a symbol of China’s turbulent transition from imperial rule to republicanism in the early 20th century. In this article, we will explore the historical significance of this coin, shedding light on its nickname and the events surrounding its production.

The “Fat Man” dollar gets its colloquial name from the portly figure depicted on the obverse side. This iconic design is none other than Dr. Sun Yat-sen, the founding father of the Republic of China. Dr. Sun Yat-sen was a pivotal figure in Chinese history, leading the overthrow of the Qing Dynasty and advocating for modernization, democracy, and nationalism.

The 1914 dollar was issued during Sun Yat-sen’s presidency and represents his vision for a unified, modern China. The coin showcases his distinctive features, including his round face and bowler hat, which led to its “Fat Man” moniker. This design was created by the renowned Italian engraver L. Giorgi, and it stands as a testament to the influence of Western art on Chinese numismatics during this period.

To fully grasp the historical significance of the 1914 “Fat Man” dollar, one must consider the political landscape of China during the early 20th century. In 1912, the Qing Dynasty, which had ruled China for over two centuries, was overthrown, and the Republic of China was established. Dr. Sun Yat-sen became the first provisional president of the republic, marking a new era for the nation.

Amidst the political upheaval and regional warlords vying for power, the Chinese economy was in disarray. To stabilize the currency and assert control over the monetary system, the new government introduced a standardized silver coinage system, and the “Fat Man” dollar was a crucial part of this reform. This coin, with its 90% silver content, became a symbol of the fledgling republic’s commitment to modernization and economic stability.

The 1914 China Republic $1 Silver “Fat Man” Dollar had a significant impact both domestically and internationally. It played a crucial role in unifying the monetary system, which was essential for restoring economic stability in a fragmented nation. Additionally, the coin‘s iconic design garnered international attention, showcasing China’s aspiration for modernization and its integration into the global community.

Today, the “Fat Man” dollar remains a highly sought-after collectible, not only for its historical significance but also for its artistic beauty. Numismatists worldwide appreciate the coin’s intricate design and the fascinating history it represents.

Oakton Coins is buying all collectible coins / paper money (U.S. and world), all forms of gold & silver.

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The US 1832 half cent is a small and historically significant coin that represents an important era in American numismatics. Minted during a time of economic growth and political change, this coin offers collectors and enthusiasts a glimpse into the early years of the United States.

The obverse side of the coin features the profile of Liberty facing leftward. She is surrounded by with thirteen stars representing the original thirteen colonies encircling the design, and the date “1832” at the bottom, .

The reverse side of the coin showcases a wreath composed of leaves and berries, tied with a bow at the bottom. Around the wreath, the words “UNITED STATES OF AMERICA” are inscribed.

The US half cent has a diameter of approximately 23.5 millimeters and weighs approximately 5.44 grams. It is made of 100% copper, giving it a distinctive reddish-brown color. The coin has a plain edge, without any lettering or decorative elements.

During the early 19th century, the United States Mint produced these half cent coins at its main facility in Philadelphia (no mint mark). The mintage of the 1832 half cent was relatively low compared to other years, making it a sought-after and collectible coin among numismatists.

The 1832 half cent holds historical significance as it represents one of the final years of production for this denomination. The half cent series began in 1793 and lasted until 1857, when it was ultimately discontinued due to low demand and rising production costs. These coins played an important role in everyday commerce during the early years of the United States.

The value of the US 1832 half cent varies depending on factors such as condition, rarity, and demand from collectors. Coins in better condition, with well-preserved details and minimal wear, command higher prices in the market. Minting errors or varieties can also significantly affect the coin’s desirability and value.

Oakton Coins is buying all collectible coins / paper money (U.S. and world), all forms of gold & silver.

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The US 1871 three cent coin, also known as the trime, is a small and unique denomination that holds a special place in American numismatic history. This coin was minted during a period of significant societal and economic changes in the United States, adding to its appeal among collectors and enthusiasts.

The obverse side of the coin features the image of Liberty, facing leftward. Liberty is depicted wearing a crown, symbolizing her status and the spirit of freedom. She is surrounded by thirteen stars representing the original thirteen colonies, and the date “1871” is inscribed at the bottom of the coin.

The reverse side of the coin showcases the Roman numeral “III” in the center, indicating its denomination as three cents. The numeral is encircled by a wreath composed of various agricultural products, including wheat, corn, and tobacco. The wreath symbolizes the agricultural abundance of the United States during this era.

The three cent coin has a composition of 75% copper and 25% nickel, giving it a distinctive silver appearance. It has a diameter of approximately 14 millimeters and weighs approximately 1.94 grams. The coin has a plain edge, distinguishing it from other denominations.

During the mid-19th century, the United States Mint produced these three cent coins at various mint facilities, including Philadelphia (no mint mark). The mintage of the 1871 three cent coin was relatively low compared to other years, adding to its scarcity and desirability among collectors.

The three cent coin holds historical significance as it represents a transitional period in American currency. It was part of a series of three cent coins that were introduced in 1851 and lasted until 1889. These coins served primarily as small denomination currency for everyday transactions, often used for purchasing postage stamps or as change for larger transactions.

The value of the US three cent coin varies depending on factors such as condition, rarity, and demand from collectors. Coins in better condition, with sharp details and minimal wear, command higher prices. Mint errors or varieties can also significantly affect the coin’s value.

Collecting US three cent coins provides an opportunity to connect with a tangible piece of American history. It reflects the cultural, economic, and technological advancements of the era, as well as the evolving nature of US coinage during the time.

Owning an three cent coin allows collectors and enthusiasts to appreciate the craftsmanship and historical context in which it was produced. Its unique design and limited mintage make it a sought-after piece among numismatists, providing a fascinating glimpse into the coinage of the late 19th century United States.

Oakton Coins is buying all collectible coins / paper money (U.S. and world), all forms of gold & silver.

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The Feuchtwanger’s cent is a unique and intriguing coin that holds a significant place in American numismatic history. It was minted during a time of economic and monetary experimentation in the United States, making it a fascinating piece for collectors and historians alike.

Surrounding the number are the inscriptions “Feuchtwanger’s” at the top and “Composition” at the bottom. The design elements are encapsulated within a wreath-like border.The reverse side of the coin showcases the words “ONE CENT” are inscribed, indicating the value of the coin. 

The Feuchtwanger’s cent was minted by a German-American chemist named Dr. Lewis Feuchtwanger. He experimented with various compositions for coins due to the scarcity of copper during that period. Feuchtwanger’s cents were made of a combination of copper, nickel, and zinc, commonly referred to as “Feuchtwanger’s Composition.” These coins were intended to serve as alternatives to the copper cents issued by the US Mint.

The purpose of Feuchtwanger’s cents was primarily to address the coinage shortage and provide small denomination currency for everyday transactions. However, they were not authorized or recognized as official US currency. Instead, they circulated as private issues in the New York area during the mid-19th century.

The Feuchtwanger’s cent holds historical significance due to its association with the monetary and economic climate of the era. It represents a time when private individuals and institutions took it upon themselves to provide solutions to the currency shortage faced by the growing nation.

As with any coin, the condition and rarity of the Feuchtwanger’s cent greatly impact its value. These coins are relatively scarce and highly sought after by collectors of early American coinage and historical curiosities.

Oakton Coins is buying all collectible coins / paper money (U.S. and world), all forms of gold & silver.

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The US 1853 quarter, also known as the Liberty Seated Quarter, is a coin that holds both historical and numismatic significance. This particular coin was minted during a pivotal era in American history, as the nation was experiencing rapid expansion and social change.

The obverse side of the coin features the iconic Liberty Seated design, which was created by Chief Engraver Christian Gobrecht. The seated Liberty figure is depicted in a relaxed posture, holding a pole with a Liberty cap on top, symbolizing freedom. She is surrounded by the words “UNITED STATES OF AMERICA” and the date “1853” is inscribed at the bottom.

The reverse side of the coin showcases an eagle perched on a bundle of arrows, symbolizing the military strength and unity of the nation. The eagle is accompanied by an olive branch, representing peace. Above the eagle, the motto “E PLURIBUS UNUM” (Latin for “Out of many, one”) is inscribed, emphasizing the unity of the states. The denomination “QUAR. DOL.” is located below the eagle, indicating its value as a quarter dollar.

The US 1853 quarter has a composition of 90% silver and 10% copper, with a diameter of approximately 24.3 millimeters and a weight of approximately 6.22 grams. It has reeded edges, which provide a decorative border and serve as an anti-counterfeiting measure.

During the mid-19th century, the United States Mint produced these quarters at various mint facilities, including Philadelphia (no mint mark), New Orleans (mint mark “O”), and San Francisco (mint mark “S”). The location of the mint mark, if present, can typically be found on the reverse side of the coin below the eagle.

As with any coin, the condition and rarity greatly affect its value. The US 1853 quarter is no exception. Factors such as wear, scratches, toning, and minting errors play a role in determining its numismatic worth. Coins in better condition with sharp details and minimal wear command higher prices among collectors and investors.

We want to make it easy for you to do business with us and receive the highest amount of money when you sell gold from Evanston.

Skokie/Evanston-based Evanston Coins has a staff boasting over 30 years of experience in the retail and jewelry / coin business. Our Evanston gold buyers can answer your every question about the process immediately, with no obligation to sell, and you can trust us to offer you the best price for gold, silver, and jewelry in Skokie/Evanston.

Walk-in customers are welcome any time; however, if you have a large collection we recommend you schedule an appointment with Evanston Coins – one of the most trusted companies that sells gold in Skokie, Rogers Park, and Evanston.

If you’re hiding your unwanted gold, silver, or platinum under your mattress or in drawers in the back of your closet, why not sell that gold in Evanston? Evanston Coins in Evanston/Skokie was created in response to consumers’ requests to sell their unwanted gold, silver, and jewelry. Our mission is to create a transparent and trusting environment where our customers receive the highest cash payout.

Mexican Silver Libertads are .999-fine Silver and are some of the most beautiful Silver coins in the world.

The captivating Silver Libertad coin showcases a rich tapestry of symbolism and historical significance. On its obverse side, one can behold the prestigious Mexican National Seal, which portrays a mighty eagle perched upon a cactus, clasping a serpent within its formidable beak. Encircling this majestic bird are both a laurel wreath and the official name of Mexico, “Estados Unidos Mexicanos,” proudly displayed in the Spanish language.

Turning to the reverse side of the Silver Libertad, one is greeted by two profound emblems deeply cherished by the Mexican people. The foremost depiction is that of the Angel of Independence, a revered monument revered throughout Mexico, often regarded as the very embodiment of Mexico City itself. Symbolizing triumph and freedom, this angelic figure serves as a powerful icon within the country’s heritage.

Enveloping the background of the coin’s reverse are the striking Mexican volcanoes of Popocatépetl and Iztaccíhuatl. These magnificent peaks stand as living monuments that pay homage to a poignant legend of love and tragedy. According to an ancient pre-Columbian tale, a valiant warrior named Popocatépetl fell deeply in love with Iztaccíhuatl, the daughter of a king. In order to earn the king’s blessing for their union, Popocatépetl was tasked with triumphing over a rival tribe in battle. Unfortunately, while engaged in the conflict, a jealous suitor spread false rumors of Popocatépetl’s demise, causing the heartbroken maiden to perish from grief.

Upon returning victorious from the arduous battle, Popocatépetl discovered the tragic fate that had befallen his beloved. Overwhelmed by sorrow, he laid her to rest atop a mountain range that poetically resembled a slumbering woman, forever honoring the memory of the departed maiden. Consumed by his enduring love, Popocatépetl ascended a neighboring peak, eternally stationed there as a guardian, keeping a watchful eye over his cherished companion.

To this day, the portrayal of the majestic volcanoes on the Silver Libertad coin serves as a poignant tribute to the tale of these star-crossed lovers. It encapsulates their timeless story of devotion and immortalizes their enduring connection within the hearts and minds of the Mexican people.