After thousands of soldiers marched through what is now Elgin, news of the area’s rich, fertile soil and flowing rivers soon made its way back to the East Coast. Two brothers, James and Hezekiah Gifford, heard the rumblings and recognized the opportunity to establish a new settlement. When they made their journey west, they eventually settled in a spot along the stagecoach route between Chicago and Galena and bridged the Fox River, dubbing the new town “Elgin” after a beloved Scottish tune.
Elgin’s history contains many industrial booms: Gail Borden founded the condensed milk factory there in 1866, making it famous for its butter and dairy products for a time. Eventually, dairy gave way to fine watches when the Elgin Watch Company gained notoriety in the late 19th century. It was the largest company of its kind until it stopped production in the 1960s. Today, the city is one of the fastest-growing in the area while still retaining the peaceful charm of the suburbs, and its vitality has made it an excellent place for coin and precious metal dealers to thrive.
For sales tax information related to precious metals sales in Illinois, please refer to our analysis located here.
Thanks to its proximity to the bustling metropolis of Chicago, Elgin and the surrounding area is home to many reputable coin and precious metal dealers.
Northern Illinois Coin and Stamp, Inc., opened in the 1960s as a one-stop shop for all of your coin and bullion collection needs. They are an authorized dealer of the Numismatic Guaranty Corporation, offering customers a huge inventory of coins from all over the world, spanning across decades. They sell U.S. Mint coin and bullion collections, including presidential proof sets, American Silver Dollars, commemorative sets, Silver American Eagles, and silver prestige sets. They also deal in coins from all over the world, including selections from Canada, Australia, Germany, France, and India, just to name a few. Customers will also find paper currency, coin supplies, stamps, and jewelry at Northern Illinois Coin and Stamp, Inc.
1100 Larkin Ave.
Elgin, IL 60123
Locally owned and operated in Palatine, Illinois, PGS Gold and Coin touts itself as one of the most professional, trustworthy gold exchange companies in the area. Although they have only been in operation since 2008, PGS has made its mark in the gold buying community, offering customers a safe, friendly place to sell their unwanted precious metals and diamonds.
They specialize in coordinating home gold parties for their clients, where guests come with spare gold and other metals and leave with cash. Even if you’re not interested in selling, PGS promises to provide a stress-free, no-obligation valuation of your collection.
830 West Northwest Highway, Suite 8
Palatine, IL 60067
Dubin Rarities has been trading and appraising coins and precious metals for more than 35 years, so collectors can rest assured that they’re dealing with professionals when they take their business to Dubin’s. They are renowned for their knowledge and expertise in all things related to coins, stamps, and other collectibles. They are committed to honesty and integrity when it comes to their customers.
200 Applebee St #213
Barrington, IL 60010
We appreciate you taking the time to get to know the gold and silver dealers of the Elgin, Illinois area. If you know of any other reputable shops in Elgin or its surrounding areas, please let us know and we will update our lists.