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 Altoona 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.

Bonnie's Beadazzled Dezigns

24428 State Road 40, Astor, FL 32102

(434) 480-2453

Ron's Coins

218 W Ardice Ave, Eustis, FL 32726

(352) 589-8222

Two Pawn Guys

16716 US Highway 441, Mount Dora, FL 32757

(352) 729-6693

Good Used Stuff

3001 N Highway 19A, Mount Dora, FL 32757

(352) 735-6941

Gold In Art Jewelers

870 N US Highway 441 Ste D, Lady Lake, FL 32159

(352) 259-0385

Seymour Coins

203 W Alfred St, Tavares, FL 32778

(352) 385-7691

Woodys Gold Exchange

15311 Old US Highway 441 Ste A, Tavares, FL 32778

(352) 508-5062

Seymour Coins

203 W Alfred St, Tavares, FL 32778

(352) 385-7691

J & J Jewelry

170 N Duncan Dr, Tavares, FL 32778

(352) 343-4535

Family Jewelry & Pawn Tavares

708 W Burleigh Blvd, Tavares, FL 32778

(352) 253-1000

Paying Cash for Gold

1411 S Woodland Blvd, Deland, FL 32720

(386) 873-2944

Number 1 Gold Buyers Inc

209 S Spring Garden Ave # C, Deland, FL 32720

(386) 279-7514

Simply Silver

2999 S Woodland Blvd, Deland, FL 32720

(386) 734-6955

Daytona Gold

538 E International Speedway Blvd, Deland, FL 32724

(386) 492-9963

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.