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 Alma 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.

Ace Of Diamonds

120 E Superior St, Alma, MI 48801

(989) 285-1585

Gold-N-Gems Jewelers

110 E Superior St, Alma, MI 48801

(989) 463-2420

Winding Brook Conference Ctr

8240 S Genuine Rd, Shepherd, MI 48883

(989) 828-7373

Jack Of All Trades Coins & Collectibles

1028 S Mission St, Mount Pleasant, MI 48858

(517) 781-5430

GSC Trading Post

2410 S Leaton Rd, Mount Pleasant, MI 48858

(989) 317-0824

Jarrett The Jeweler Inc

406 S Mission St, Mount Pleasant, MI 48858

(989) 772-4769

Ace Of Diamonds

128 E Broadway St, Mount Pleasant, MI 48858

(989) 779-9919

S Silverberg Finer Jewelers

1805 S Mission St, Mount Pleasant, MI 48858

(989) 773-9000

Trudeau's Jewelers

4532 E Broomfield Rd, Mount Pleasant, MI 48858

(989) 773-0935

Sherees Country Scrapbook

120 E Broadway St, Mount Pleasant, MI 48858

(989) 772-1036

Asset Brokers & Loans of Mt Pleasant

100 S Mission St Ste E, Mount Pleasant, MI 48858

(989) 317-0088

Gold Creations

612 N Arnold St, Mount Pleasant, MI 48858

(989) 772-5862

Jack Of All Trades Coins & Collectibles

1028 S Mission St, Mount Pleasant, MI 48858

(517) 781-5430

Sherees Country Scrapbook & Jewelry

8867 E Remus Rd, Mount Pleasant, MI 48858

(989) 772-1036

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.