Where to buy gold in Chicago.

Downtown Chicago boasts a renowned jeweler’s row, featuring a multitude of jewelry establishments. Additionally, throughout each neighborhood, you can discover independent jewelry shops, adding to the city’s diverse and vibrant jewelry scene. But if you have to choose, check those one.

Per the Illinois Department of Revenue, the sale of legal tender, currency, medallions, or government-issued gold or silver coinage from Illinois, the United States, or any foreign country, as well as bullion, is exempt from the Retailers’ Occupation Tax. This exemption applies to all types of US and foreign legal tender, medallions, and bullion in Illinois. However, please note that coins used in jewelry are subject to taxation. To claim a use-based exemption, buyers must furnish required documentation, and status-based exemptions require providing the retailer with an exemption identification number issued by IDOR. The only exception is legal tenders from the Republic of South Africa, which are taxable with a 6.25% state sales tax plus local taxes. As an out-of-state retailer, Bullion Exchanges doesn’t impose sales taxes on purchases by Illinois residents. Nevertheless, it’s advisable to consult a tax professional before making any purchase, as we are not tax experts.

2 place to buy gold jewelry and investment gold in Chicago.

John Subak’s shop, for coins and bars

If you’re interested in finding a place in Chicago with competitive prices for precious metals, consider paying a visit to John Subak’s shop. He consistently offers lower premiums compared to other local establishments I’ve come across. However, it’s worth noting that his inventory might currently be somewhat limited. To give you an idea, John Subak was recently selling silver eagles for spot price plus a nominal markup of just 5%, although there’s a possibility he may have run out of stock at this rate. Additionally, towards the end of the previous week, he was asking a reasonable 19.5 times face value for junk silver. In my experience, Subak’s shop is my preferred choice in Chicago, primarily due to the favorable pricing I’ve encountered.

One notable aspect about John Subak is his impeccable reputation for honesty and fairness in his dealings. Personally, I’ve always had positive interactions with him, finding him to be exceptionally transparent and straightforward. It’s enjoyable to drop by his store and engage in conversations about coins and metals in general. While Subak’s prices are competitive, it’s crucial to have a clear idea of what you’re looking for before heading there. It’s advisable to call ahead and inquire about stock availability to avoid any disappointment.

On the other hand, I’d recommend exercising caution when considering Harlan J. Berk, located nearby. Their prices tend to be on the higher side. For instance, when I inquired about silver eagles when silver was trading at an elevated price of over $23 per ounce, they were asking for spot price plus a steep markup of 10 per coin. Unfortunately, I didn’t have the opportunity to inquire about their rates for junk silver. Nevertheless, if you have a specific item in mind, it might be worth stopping by Harlan J. Berk’s shop, as they do maintain a diverse selection of both junk and numismatic coins on most days.

Steve Quick Jeweler, for jewelry.

Location: 2471 N Clark St, Chicago, IL 60614, USA

It was at Steve Quick that I received an enlightening lesson on diamonds from the highly informed Traci (Sarah B is also commendable). I eventually chose Dimend for engagement ring, but we returned to Steve Quick for our wedding bands. The reason was twofold: Traci had left a profound impression on me, and I didn’t find Dimend’s band selection appealing. Dimend did offer to craft a custom ring for $1600, a sum I wasn’t comfortable with. Upon visiting Steve Quick, I was pleasantly surprised to discover a nearly identical ring to what Dimend had proposed, but at half the cost. The team at Steve Quick is exceptional, offering not only valuable assistance but also delightful cookies (and water, though cookies are the real highlight).

I wholeheartedly endorse Steve Quick Jeweler above all others. They strike an excellent balance between competitive pricing and exceptional service. If, however, you’re considering Dimend Scassi, reach out to me, and I’ll ensure Traci or Sarah are available to assist you. Just mention my reference.

Recommended gold coins & bars shop in chicago.

A & R Estate Buyers specializes in the sale of vintage gold, diamonds, exquisite jewelry, luxury timepieces, silverware, and rare collectible coins. As a cherished, family-operated estate buying and selling establishment, they are dedicated to offering their clients a personalized experience. They take pride in arranging private consultations with their in-house graduate gemologist to ensure a high level of confidentiality and customer service. A & R Estate Buyers operates on an appointment-only basis for in-store visits. To schedule a visit, customers will need to contact them via phone. As members of the NGC Collectors Society, A & R Estate Buyers specializes in high-quality and sought-after coins made from gold, silver, and platinum.
Customers praise Keith from A & R Estate Buyers for his exceptional expertise in gemology and metallurgy, his clear and patient communication, and his unwavering integrity. They appreciate his willingness to educate them about the value of their items, even if it means advising against a transaction. Keith’s approachable demeanor and fair dealing have earned him glowing recommendations, with customers expressing confidence in his services and a strong willingness to work with him again and refer others to his establishment.

A-1 Jewelry & Coin Buyers, based in Chicago since 1984, specializes in the purchase and sale of a wide range of modern and antique jewelry, including gold, silver, platinum, diamonds, watches, coins, and currency. They offer complimentary consultations and general appraisals, with insurance appraisals available for a fee ranging from $50 to $100. A family-owned business approved by NGC and PCGS for Precious Metals transactions, they operate both online and in-person. Their expertise covers a broad spectrum of coins, including US Gold Coins, Ancient gold Coins, and World Coins, as well as a variety of precious metals and collectibles.

Customers had overwhelmingly positive experiences with A & R Estate Buyers, praising both Josh and Ralph for their friendly and helpful service. They appreciated the store’s affiliations with professional organizations, convenient location, family-owned atmosphere, and excellent reviews. Customers found the staff to be genuinely interested in offering the best possible purchase price, and they were impressed by the transparency and thorough explanations throughout the evaluation process. Keith, in particular, stood out for his exceptional communication and knowledge when assessing items like coins and vintage cameras. He not only provided insights into item values but also considered market demand, helping customers make informed decisions. A & R Estate Buyers left a lasting impression, with customers planning to return for future transactions and recommending the store to others seeking to sell collectibles or receive information. The immediate payment and fairness of the transactions further added to their satisfaction, making them eager to use the service again and emphasizing the importance of scheduling appointments in advance.

Oakton Coins & Collectibles offers assistance to collectors in various aspects, including submissions, appraisals, managing a storefront, and facilitating collector sales. Their specialties encompass a wide range of coins, including Bullion Coins, Early US Type, Commemoratives, World Gold Coins, and US Coins.

Customers praise Oakton Coins & Collectibles for their exceptional service, knowledge, and fair prices. They highlight the friendliness and transparency of the staff, who take the time to carefully assess and explain the value of items. Additionally, they appreciate the store’s safe and welcoming atmosphere. Several customers mention getting higher prices compared to other places and feeling well-informed about the quality of the items they sold. They also commend Oakton Coins & Collectibles’ ability to evaluate diamonds and precious metals in jewelry and coins. In summary, customers highly recommend this place for its honesty and excellence in service, emphasizing that they will return in the future.

Morton Grove Coins & Collectibles

Glenview Coin & Collectibles Inc

Recommended jewelry shop in chicago.

For personalized advice and assistance, you can reach out to Kris Kubicki at The Classic Gem (Appointments Only), located in the Chicago Landmark Diamond Center. They are known for their exceptional service and can guide you through this significant decision-making process. My friend opted for a custom ring from Adornment and Theory in Logan Square, a haven for vintage-inspired jewelry designs. Even though they specialize in vintage aesthetics, they successfully crafted a cluster-style ring that closely matched the reference photo. It’s evident that their expertise extends beyond their niche.

I had a fantastic experience with the Chicago Diamond & Jewelry Exchange located in River North. What sets them apart is their remarkable transparency when it comes to pricing. They provide a clear breakdown of what they pay for stones on the market and then apply a straightforward percentage markup (approximately 7%, though I’m not quoting this exact figure). In my search for the best deals, I found their pricing to be superior to most other options, except for Blue Nile. However, I discovered that a stone’s grading doesn’t always convey what your eyes can perceive. This establishment is run by a married couple who are exceptionally friendly and dedicated. They exhibited immense patience and invested considerable time in assisting me. To top it off, they even allowed me to observe the crafting of the setting, which was a fascinating experience.

For those in the Lincoln Square area, I can also vouch for Steve Quick Jeweler, particularly my interaction with Rachelle. They have multiple locations, including Wicker Park and Lincoln Park, and offer both ready-made and custom designs. While my experience was limited to a standard setting for my mother’s diamond as an engagement ring, I believe they excel in custom creations as well. My encounters with the Lincoln Square team have consistently been outstanding. Moreover, they were accommodating with pricing when I was on a tight budget and returned for our wedding bands.

On a separate note, Don Levinson / Trabert & Hoeffer stands as a trusted jeweler, and even i know somebody based in Los Angeles that frequently travel to meet with him and acquire jewelry. His extensive knowledge of jewelry is truly exceptional, and every interaction with him offers an invaluable education in the world of precious gems and metals.

Donna’s in Wabash Jeweler’s Mall is another honest option worth considering.

Frank Michael Jewelers, situated at Clark and Diversey, is an excellent choice for full-service jewelry needs. They are known for their honesty and pleasant customer service.

Stella Blue Designs, located across from the Music Box Theater, is another hidden gem. I recently acquired stunning wedding and engagement rings there. Angie is exceptionally talented, and her offerings are not only dazzling but also friendly to your wallet.

If you’re unsure about your preferences, Jewelers Row offers an unmatched selection, making it an excellent destination.

Chicago’s Jewelers Row, often referred to as the city’s diamond district, is a well-known and highly frequented destination for those in search of exquisite diamond engagement rings and fine jewelry. Although not as famed as New York’s Diamond District, this district houses several prominent jewelry stores. At its heart is the Jewelers Center, an iconic Chicago building that accommodates nearly 200 distinct jewelers.

While shopping for diamonds in the Chicago Diamond District offers a wealth of options, it’s important to navigate carefully for the best deals. In this comprehensive guide to Chicago’s Diamond District, we cover everything from the district’s characteristics to specific stores and more. Generally, the shopping experience in Chicago’s diamond district mirrors that of New York or Los Angeles. It boasts a plethora of exceptional diamonds and noteworthy deals, but it’s also home to diamonds of subpar quality and unfavorable transactions.

Here are some of the top stores to consider in Chicago’s Diamond District:

1. Windy City Diamonds
   • Location: Mallers Building, 1 S Wabash Ave
   • Windy City Diamonds, a beloved family-owned jeweler situated in the Mallers Building, offers a diverse array of GIA certified diamonds in various popular shapes. They are known for their friendly and professional customer service, making them a go-to choice for those seeking high-quality diamonds and fine jewelry offline.
2. Ethan Lord Jewelers
   • Location: Jewelers Center at the Mallers Building, Suite 208, 5 South Wabash Ave
   • Ethan Lord Jewelers, located on the second floor of the Jewelers Center, features a decent selection of GIA certified diamonds and engagement ring settings, with a specialization in custom engagement rings. Their friendly and professional service adds to their appeal as a shopping destination. Ethan Lord stands out for their exceptional service and ability to custom-make engagement rings according to specifications. Erika maintains a professional and pressure-free sales environment, unlike some other jewelers who may be more aggressive.
3. Jewels by Stephanie
   • Location: 23 E Madison St Chicago, IL 60602 (312) 782-6300
   • I also had a positive experience at Jewels by Stephanie in Jewelers Row. They treated me like a valued customer and made the process enjoyable.
4. Donna Jewelry
   • Location: Wabash Jewelers Mall, Suite 1, 21 N Wabash Ave
   • Donna Jewelry, a family-owned business with over 30 years of operation, can be found in the Wabash Jewelers Mall. They offer custom engagement rings, wedding bands, and a fine range of GIA certified diamonds.
5. dimend SCAASI Jewelers
   • Location: Mallers Building, 5 S Wabash Ave (708) 395-8342
   • dimend SCAASI, another renowned jeweler in Chicago, specializes in diamond engagement rings, wedding pieces, earrings, and other diamond jewelry. Friendly and professional service is a hallmark here, although it’s advisable to schedule an appointment in advance.
6. M & M Jewelers,
   • 5 S Wabash Ave Suite 308, Chicago, IL 60603
   • a smaller and more personalized shop on the 5th floor of Jewelers Row, provided me with an experience that exceeded my expectations. If you’re searching for a personable and professional jeweler to craft a gift that will leave a lasting impression, you’ve come to the right place. Al and Martha, an exceptional duo, will collaborate closely with you to craft a timeless masterpiece that you or your loved one will treasure forever. Whether you choose from their exquisite designs or have a custom piece in mind, a visit to their store is a guaranteed delight. Highly recommended!

If you’re in Niles, Rogers & Hollands Jewelers is worth considering. They offer fair prices and a professional shopping experience.

Lastly, Bryn Mawr Jewelry Company, conveniently located near the Bryn Mawr Red Line stop, is a hidden gem. While their shop may not be visually striking, their service and selection are truly top-notch. 5139 N Clark St, Chicago, IL 60640,

Marshall Pierce, a truly remarkable establishment. The staff is not only exceptionally helpful but also incredibly knowledgeable. What sets them apart is the serene and uncluttered ambiance of their store. Typically, I’d advise steering clear of jeweler’s row, but Marshall Pierce offers an enticing 10% discount for cash payments, making it a worthy exception. For those unable to pay in cash,

On a related note, William Levine Inc., a reputable wholesaler, provided me with a fantastic deal on my wife’s engagement diamond. They directed me to Harold Burland Limited, located across the street, for the creation of the ring. These are longstanding Chicago businesses known for their fairness, integrity, and unwavering commitment to customer satisfaction.

Another notable recommendation is Wolf of Madison, situated at 5 S Wabash Ave, Suite 704B. They excel in producing exquisite jewelry and providing exceptional customer service. Jonathan Villegas, the owner, is a pleasure to work with, and you can easily find their contact information by searching for “Wolf of Madison” online.

Gale Diamonds, operating primarily through word of mouth, offers outstanding deals compared to other establishments.

Dave’s Rock Shop in Evanston is an excellent choice for those interested in gemstones other than diamonds. For jewelry supplies, Rio Grande is a trusted source.

In case you’re interested, I can provide a list of additional jewelers on Jewelers Row recommended by one of my mentors.

Best of luck in your search for the perfect piece!

Before shopping jewelry in Chicago. A jeweler piece of advice.

To begin this important journey of choosing the perfect engagement ring, thorough research is paramount. You must familiarize yourself with your future fiancé’s ring size and establish a realistic budget to ensure you don’t end up overextending yourself. Numerous stories circulate about individuals who had unsatisfactory experiences because they failed to align their expectations with their budget.

In my experience, the diamond’s brilliance, often referred to as its “sparkliness,” holds the utmost significance in the eyes of most recipients. This feature tends to captivate them more than any other quality. It’s important to note that no matter what your fiancé may say, she will inevitably compare her diamond’s sparkle to others. Unfortunately, quantifying a diamond’s fire can be a complex endeavor. However, your goal should always be to select a piece that will continue to captivate your future spouse for decades to come. So, without further delay, let’s delve into the essentials:

1. Material Matters: Firstly, decide on the type of metal you desire for the ring—choices include 14K, 18K, 22K, Platinum, and the increasingly popular Palladium. If you opt for a low-color diamond, you’ll likely prefer a white gold finish, which resembles silver. Although yellow gold is somewhat out of vogue, it can be more forgiving if the diamond exhibits a yellowish hue. Platinum and 18K white gold are currently priced similarly, but I highly recommend platinum for its durability and longevity. Unlike 18K, which requires periodic electroplating, platinum retains its luster without such maintenance costs. When you make your purchase, insist on complimentary services like cleaning, electroplating, and appraisal. Moreover, consider selecting a jeweler who offers an upgrade policy.
2. Choosing the Right Diamond Shape: The diamond’s shape is another crucial decision. Options include Princess (square), Round, Asscher, Cushion, and Emerald, among others. Reputable jewelers will have an array of shapes available for your consideration. If you’re uncertain which one to choose (perhaps she hasn’t dropped any hints), a Round diamond is a safe bet. Round diamonds tend to exhibit the most fire due to the arrangement of their facets and refractive properties.
3. Purchase Strategy: A trustworthy jeweler will be transparent about the pricing, as their profit primarily comes from the ring itself, not the diamond. You have the option to buy the diamond separately online and have a local jeweler set it, but online purchases require caution. Blue Nile, for example, functions as a price comparison tool for various jewelers, and sometimes the stone you find online might be available at a local store. Be wary of bait-and-switch tactics prevalent on the internet.
4. Understanding the 4Cs: You must familiarize yourself with the Four Cs: Cut, Clarity, Color, and Carat.

• Cut: We’ve touched upon this earlier; it refers to the diamond’s shape. While different grades of cuts exist, personal preference plays a significant role here.
• Clarity: Engagement diamonds typically fall within the VS to SI range. Beware of sellers who inflate a stone’s clarity rating. Insist on examining the diamond under a magnifying glass to identify any natural imperfections.
• Color: For yellow gold settings, you can consider a slightly yellowish stone. Generally, engagement diamonds range from G to I in color. Avoid going below J, but preferences vary. Evaluate the diamond’s color under full-spectrum lighting.
• Carat: Size isn’t the sole indicator of love. The price per carat increases significantly with size increments. Jewelers can elaborate on this point. Opting for a stone just under 1.5 carats can be a budget-friendly choice.

1. Certification Counts: Consider the certification agency. GIA (Gemological Institute of America) certifications are the industry standard, with EGL and IGI often being more lenient in their assessments. Ensure that the jeweler is discussing “ideal” GIA certified stones when discussing prices.

Regarding taxes, technically, you should pay them even if they’re not charged upfront, though the choice ultimately lies with you. In-person purchases for the setting often yield better deals, negating the perceived savings of online buying.

Finally, don’t forget about the setting. This is where jewelers typically make their profits, so select one that precisely matches your preferences. You can opt for a pre-made setting or even a custom design, but ensure it’s done in-house and that you’re involved in the process to prevent any unwanted surprises.

Now, if you’re hunting for the best bargains, don’t overlook pawnshops. Surprisingly, they can offer diamonds at prices significantly lower than those at traditional jewelry stores. The one just north of the Wiener Circle on Clark is highly recommended. Buying a “used” diamond is not necessarily a bad idea. It’s worth noting that even “new” diamonds in jewelry stores could be considered “used” in some contexts. Opting for used diamonds also avoids supporting the trade in so-called conflict diamonds.

Before embarking on your in-person shopping journey, I highly recommend visiting www.bluenile.com. It’s a valuable resource for learning about ring styles, cuts, and grades, providing insights into what’s available within your budget. Personally, it helped me save approximately $2,000 compared to Blue Nile’s prices.

or those who are new to the world of purchasing gold jewelry, let’s explore how you can determine whether you’re getting a fair deal or potentially overpaying. I hope this guidance will be especially helpful for newcomers to the field.

I often come across posts on this forum from individuals seeking to buy gold chains, bracelets, and similar items, often unsure of the right price to pay. I understand this confusion because I was in a similar position years ago before delving deeper into the realm of precious metals. Allow me to elucidate how you can assess whether your prospective purchase represents a good deal or an excessive expenditure. It’s important to note that this discussion excludes high-end retailers such as Hermes, Louis Vuitton, Tiffany, Cartier, and others, whose products exist in a different stratosphere of premium pricing.

First and foremost, you must be aware of the current spot price of gold for the specific karat you intend to buy (be it 10k, 14k, 18k, 22k, or 24k). Additionally, you need to know the weight of the chain or bracelet you’re interested in, typically measured in grams. This is critical information because many online shops may not include this essential detail in their product listings.

Next, employ a webpage or tool like the one provided here to calculate the value of the gold piece based on its weight and the current spot price. Armed with this knowledge, you can ascertain the intrinsic gold value of the chain or bracelet you’re considering. Generally, a price ranging from the spot price to 20% above spot can be considered a favorable deal for good-quality gold chains and similar items. However, if the premium exceeds 35%, it may be wise to explore alternative options or consider purchasing pre-owned pieces. Of course, the decision ultimately depends on your financial situation and how much importance you place on cost savings.

For example, let’s take the website which specializes in 24 karat jewelry. While they offer exquisite pieces, their premium markup is around 40%. If you’re seeking 22k to 24k jewelry, you might find more competitive pricing from an Indian jeweler who regularly deals in such items. Chances are, you’ll discover a significantly lower premium for the same quantity of gold. Please feel free to contribute any additional insights or advice to this discussion.