Where To Buy Platinum In McHenry, Illinois

Buying Platinum Near McHenry Is Easy As 1...2...3!

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Buying platinum in McHenry, Illinois has never been easier! Dozens of local and national platinum dealers are standing by to help you invest!

Local Platinum Dealers

1) Alexander's II Jewelry & Loan

0.89 Miles Away (847) 232-4082 4300 W Elm St McHenry, IL 60050

2) Island Lake Jewelry & Loan

6.76 Miles Away (847) 526-9988 125-2 E State Rd Island Lake, IL 60042

3) Gold & Jewelry Direct

7.48 Miles Away (847) 458-0899 460 W Virginia St Crystal Lake, IL 60014

4) H C Stamp & Coin Company

7.87 Miles Away (815) 459-3940 10 Crystal Lake Plz Crystal Lake, IL 60014

5) GoldMax

7.89 Miles Away (877) 465-3629 6107 Northwest Hwy. Crystal Lake, IL 60014

6) The Trading Post

7.95 Miles Away (815) 893-0218 7100 Teckler Blvd Crystal Lake, IL 60014

7) Hertel's Coins

10.33 Miles Away (847) 515-5922 9465 Ackman Rd Lake in the Hills, IL 60156

8) Keehn's Jewelry

11.28 Miles Away (847) 854-2410 1201 W Algonquin Rd Algonquin, IL 60102

9) Gold & Jewelry Direct

11.86 Miles Away (847) 458-0899 130 S Main St Algonquin, IL 60102

10) Cash 4 Gold

11.93 Miles Away (630) 677-2780 3939 W Algonquin Rd Algonquin, IL 60102

Platinum Purchase Formats

There are a number of physical formats you can consider when buying platinum:


  • Platinum Coins: Some coins have a "rarity" component associated with them that can add to their value. Coins are a great option but avoid purchasing based on rarity unless you really know what you're doing
  • Platinum Jewelry: Investing in jewelry is another option. You'll take craftsmansip, design, and purity into account when valuing these items.
  • Platinum Bars: Bars are typically quite pure, and stamped with the name of the production refinery. Value is directly aligned to the amount of metal in the bar.
  • Platinum ETFs: These are funds designed to follow the spot price of platinum. It doesn't mean you own anything physically, and isn't an effective hedge against total system collapse (but can be a good investment vehicle for some).

Tips For Buying Platinum In Illinois

Platinum Purchase Format

As a general rule, you should look at buying legal tender platinum coins wherever possible. This will almost certainly include less overhead and premium than other formats, and be closer to the true spot price of platinum.


Purchasing rare platinum coins should be avoided unless you really know what you're doing. Some subjective measures of value are easy to misjudge, and may result in you getting taken advantage of.

Invest On A Long Time Horizon

When investing in any asset, including platinum, it's important to keep the time horizon in mind. Prices fluctuate, and over a longer time horizon there's a better chance of your investment appreciating in value.


The last thing anyone would want is to invest money they'll need in the coming months, only to have the market move against them. Talk to your financial adviser, and carefully plan any future purchases.

Know And Comply With The Law

It's important to comply with the law when it comes to buying platinum, and knowing what they are goes a long way.


Under a certain dollar amount, there's no need to declare (which may be attractive to some), but once you hit a threshold you will need to (and should) declare your holdings.

Avoid The Banking System

Physical precious metals like platinum are a hedge to the traditional banking system. In a crisis, if the system collapses, it may very well take your property down with it (if it can).


If there is a run on the banks, having your platinum under your direct control means they can't confiscate it, block access to it, or have loaned it out in a leveraged fashion.