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 Ararat 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.

Gilley's

630 S Key St, Pilot Mountain, NC 27041

(336) 368-1555

Treasure Chest

1632 Red Brush Rd, Mount Airy, NC 27030

(336) 320-2110

Leonard's Jewelers

221 N Main St, Mount Airy, NC 27030

(336) 786-5491

Mullins Pawn Shop & Jewelers

1911 Caudle Dr, Mount Airy, NC 27030

(336) 786-6417

Gold Silver & Coin Mt Airy

1301 W Pine St, Mount Airy, NC 27030

(336) 719-2827

Sassy Sheik Boutique

221 Marshall Street, Mount Airy, NC 27030

(336) 415-1378

Marion's Jewelry

91 Mayberry Mall, Mount Airy, NC 27030

(336) 786-5566

Mullins Pawn Shop & Jewelers - CLOSED

1128 W Pine St, Mount Airy, NC 27030

(336) 789-7109

What DO You Want

642 N Andy Griffith Pkwy, Mount Airy, NC 27030

(336) 789-8300

Shelbys Gems & Gold

820 W Pine St, Mount Airy, NC 27030

(336) 719-0080

Marion's Jeweler

232 N Main St, Mount Airy, NC 27030

(336) 789-2899

Balencia Jewelry

123 W Atkins St, Dobson, NC 27017

(336) 443-4083

Shannock's Music Loan & Jewelry

King, 27021, King, NC 27021

(336) 983-5640

Saeco

1250 Carson Watts Rd, King, NC 27021

(336) 983-2075

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.