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 Amagansett 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.

Smith

28 Nugent St, Southampton, NY 11968

(631) 283-1510

Eastend Beach Glass Jewelry

1625 Chablis Path, Southold, NY 11971

(631) 765-4905

Schlecht Silver

155 Beckwith Ave, Southold, NY 11971

(631) 765-3353

New York Rare Coins & Metals Inc

50 Love Ln, Mattituck, NY 11952

(800) 870-1635

Us Gold & Silver Redemption Center

720 Main Rd, Laurel, NY 11948

(631) 779-3800

Collector's Coin Shoppe The

390 Main St, Niantic, CT 06357

(800) 621-2646

Northern Light Gems

36 Pennsylvania Ave, Niantic, CT 06357

(860) 691-2020

The Collector's Coin Shoppe

390 Main St, Niantic, CT 06357

(860) 739-3995

Collector's Coin Shoppe The

390 Main St, Niantic, CT 06357

(800) 621-2646

Gold Star Pawn And Check Cashing

591 Route 12, Groton, CT 06340

(860) 445-2274

Gold Star Homes Inc

1393 Gold Star Hwy, Groton, CT 06340

(860) 446-1488

Zales

35 Starr Hill Rd, Groton, CT 06340

(818) 784-2691

Grader Jewelers Ags

500 Long Hill Rd Ste 1, Groton, CT 06340

(860) 445-8767

Boaz Jewelry

960 Poquonnock Rd, Groton, CT 06340

(860) 405-8166

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.