Midwest Refineries – Precious Metal Refiners & Gold Buyers
Gold Buyers Chicago Illinois
Chicago has been part of the Midwest Refineries story since long before our recent move south. As a trusted gold buyer since 1939, we understand the Midwest market better than almost anyone, and we’re proud to serve gold sellers throughout Chicago and Cook County with the same honesty that built our reputation over eight decades.
Gold Buyers Chicago IL | No-Fee Buyer Since 1939 – Sell gold in Chicago with zero hidden fees. Midwest Refineries pays 95% of pure gold content plus 100% spot price. Trusted since 1939.
- Over 85 Years in Business
- Serving All Of The USA
- 4418 Florida National Dr., Lakeland, FL. 33813
Why Chicago Trusts Midwest Refineries
Local buyers offering “top dollar” often quote high percentages while quietly tacking on assay fees, treatment charges, and brokering fees. We don’t play that game. Midwest Refineries charges absolutely no fees. Orders under 3 troy ounces are purchased outright based on average after-melt weight loss and karat purity; orders of 3 ounces or more are melted and assayed for exact content. Chicago sellers receive 95% of the pure gold content and 100% of the spot price on settlement day.
What We Buy From Chicago Customers
Karat jewelry, gold rings, chains, bracelets, wedding bands, coins and bars, dental gold and bridgework, watches, nuggets and placer gold, scrap and broken gold, gold-filled items, gold solder, sponge, shot and bench sweeps. Gold-filled material is purchased outright at 15% of spot price per pound. We don’t accept gold-plated items, electronic scrap, magnetic gold-filled, or gold-filled with stainless steel.
Have Questions?
Call us before you ship — we’ll explain how your material will be tested and what to expect. For security reasons, we do not accept walk-in traffic — all precious metals must be shipped to us using our shipping instructions.
Serving Chicago and Cook County
Chicago’s Jewelers Row along Wabash Avenue has outfitted generations of Chicagoans with fine gold jewelry, and the city’s many estate sales, from the North Shore suburbs to Hyde Park, regularly turn up gold that’s been tucked away for decades. Chicago is also home to a concentration of dental laboratories that generate gold scrap and crown material each year, along with numerous goldsmiths and jewelry manufacturers producing bench sweeps and filings. Rather than settling for a discounted local quote, Chicago sellers can ship straight to our refinery and get paid based on an honest assay.
About Midwest Refineries
Midwest Refineries has operated as a full-service precious metal buyer, smelter, refiner, assayer and broker since 1939. After 86 years based in Michigan, we relocated our headquarters to Lakeland, Florida in 2025, now led by second-generation owners Joanna and Raul Acosta. We hold an A+ rating with the Better Business Bureau, and Chicago customers can count on the same honesty and no-fee pricing that has defined our company for more than eight decades.
Curious About What the Numbers on Your Gold Jewelry Mean?
The stamp on your gold jewelry indicates karat purity: 10K equals 41.7% pure gold, 14K equals 58.3% pure gold, 18K equals 75% pure gold, and 24K equals 99.9% pure gold. Winters in Chicago tend to bring on a lot of closet cleaning and downsizing, and it’s remarkable how much old gold jewelry turns up in the process, tucked away in dresser drawers or safety deposit boxes across the city and suburbs.
Want To Know How to Sell Your Gold From Chicago?
Package your gold securely and ship it to our Lakeland, Florida refinery per our shipping instructions. It is not necessary to remove gemstones from karat jewelry or enamel from dental gold, since both are handled safely during the melting process. We weigh, assay and settle promptly, with payment by check, bank wire ($35 domestic fee, $60 international fee), precious metal bars, coins or rounds, or a combination of these. No minimum, no maximum.
FREQUENTLY ASKED QUESTIONS
Frequently Asked Questions about Gold Buyers in Chicago
Yes. After 86 years based in Michigan, we relocated our refinery operations to Florida in 2025, but we remain the same family-run company Midwest customers, including Chicago sellers, have trusted since 1939.
95% of the pure gold content with zero fees deducted, plus 100% of that day's spot price at settlement.
We don't operate a local walk-in location; for security we only accept shipped gold at our Lakeland, Florida refinery.
We buy dental crowns, bridgework and lab scrap. No need to remove cement or enamel, as it's vaporized during melting.
We have customers all over the country including:
What is a Troy Ounce?
A troy ounce is a system of weights used for precious metals and gems, based on a pound of 12 ounces as opposed to the traditional 16. A troy ounce is 31.1034768 grams or 0.0311034768 kilograms.
Ready to Ship Your Precious Metals?
Contact us first — we’ll confirm what you have, how we’ll test it, and what you can expect to receive. Our assay laboratory and our 85-year reputation exist for one purpose: to make sure you are paid honestly and accurately for every precious metal you send us. If you have questions about how your specific material will be evaluated, call us. We’re always happy to walk you through it.
4418 Florida National Dr., Lakeland, FL 33813
Gold • Silver • Platinum • Palladium • Rhodium | Family-owned since 1939 | Serving all of the USA
We buy gold items listed below from customers in Chicago Illinois and the rest of the USA:
Contact us first — we’ll confirm what you have, how we’ll test it, and what you can expect to receive. Our assay laboratory and our 85-year reputation exist for one purpose: to make sure you are paid honestly and accurately for every precious metal you send us. If you have questions about how your specific material will be evaluated, call us. We’re always happy to walk you through it.
4418 Florida National Dr., Lakeland, FL 33813
Gold • Silver • Platinum • Palladium • Rhodium | Family-owned since 1939 | Serving all of the USA
- gold wire
- gold dust and sweeps
- gold sheet,
- casting gold and grain
- gold watches
- broken and unwanted gold scrap
- gold nuggets
- gold solder
- gold sizing stock
- gold alloys
- gold sheet
- gold screen and mesh
- polishing and buffing dust
- goldsmith’s bench filings and sweeps
- gold-filled scrap
- gold bullion
- placer gold
- gold sponge
- gold shot
- gold findings
- gold flake
- karat gold jewelry
- gold class rings
- gold bracelets
- gold chain
- gold earrings
- gold wedding bands
- gold dental crowns and bridgework
- gold coins and bars
- gold ingots
- melted gold
No Minimum Amounts - No Order Too Small Or Too Large
ATOMIC NUMBER – 79 – ELEMENT SYMBOL – Au – ATOMIC WEIGHT – 196.96655 – MELTING POINT – 1064.18 DEGREES C. / 1947.52 DEGREES F.