Finding someone to buy your silver items can take some time, so you need to make sure that you look around and find the best silver dealers Allendale has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

A good buyer will carefully assess all of your things to give you an accurate understanding of how much they are worth. You can then use this information to decide what to do. Selling your silver can earn you quite a bit from the right dealer.

Camelot Home Furnishings

9 North Franklin Turnpike, Ho Ho Kus, NJ 07423

(201) 444-5300

Winnie & Belle

293 Godwin Ave, Midland Park, NJ 07432

(201) 389-3898

Midland Treasures Co

225 Godwin Ave, Midland Park, NJ 07432

(201) 444-1140

Jcc Jewelry Coin & Collectibles

26 Goffle Rd Ste 1, Midland Park, NJ 07432

(201) 445-0070

Chandel Jewelers

85 Godwin Ave Ste 16, Midland Park, NJ 07432

(201) 652-8295

Giavan Inc

11 Paterson Ave Ste 2, Midland Park, NJ 07432

(201) 644-8379

Maria Thomas Fine Jewelers

11 Paterson Ave # 16, Midland Park, NJ 07432

(201) 445-8484

Hartgers Jewelers

699 Wyckoff Ave, Wyckoff, NJ 07481

(201) 879-0798

Devon Fine Jewelry

303 Franklin Ave, Wyckoff, NJ 07481

(201) 848-8489

Adrian Jewelers Of Wyckoff

637 Wyckoff Ave Ste 14, Wyckoff, NJ 07481

(201) 891-5588

Jewel Box

396 Franklin Ave, Wyckoff, NJ 07481

(201) 848-8914

Neil Diamonds

38 Oak St, Ridgewood, NJ 07450

(201) 445-2313

Marta Stephens Fine Jewelry

29 Godwin Ave, Ridgewood, NJ 07450

(201) 447-2299

Taylor Made INC

223 Rock Rd Ste A, Ridgewood, NJ 07450

(201) 444-8615

Tactics That Successful Silver Dealers Use

Silver is a commodity. That means that any single ounce of silver is worth the same as any other ounce of silver at the same purity level. It's been used as money in a variety of cultures and silver dealers use tactics to buy and sell silver and make a profit. Here is how they do it.

Wholesale Markup

Silver dealers are in business to make money and they often do it by buying silver coins or bullion at wholesale prices. Perhaps they were able to buy a silver coin for the rock bottom price of $15. When these coins become scarce in the market, the dealer may choose to offer them to a collector. Collectors pay a higher price and remove the coins from circulation. The dealer makes a profit on the markup over the wholesale price that he paid.

Replacement Cost Price

A dealer should never sell anything for less than the cost of what it would take to replace it. That's the philosophy of most successful dealers in metals. They take the long view and buy silver when it reaches a low. Let's use the same number we used above. Say they bought an ounce for $15.

That's a good buy because the price of silver typically goes for more than that. To gain a profit, the dealer will have to hold onto the bullion until the price rises. At that point, he must sell it at a price no lower than what it would cost him to replace it. If silver has risen to $30 an ounce, he's made a tidy profit when he sells.

The first tactic requires finding the right kind of buyer in order to make a profit. The second one requires patience while waiting for the market to change. Both can be very lucrative.