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 Atlantic Beach 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.

Gold Silver And Coin Exchange

2294 Mayport Rd, Atlantic Beach, FL 32233

(904) 372-4658

Mayport Gun And Pawn Inc

2294 Mayport Rd, Atlantic Beach, FL 32233

(904) 853-5971

EZ Pawn

1099 Atlantic Blvd, Atlantic Beach, FL 32233

(904) 247-7772

Jimmy's Pawn Shop

55 Sailfish Dr E, Atlantic Beach, FL 32233

(904) 249-9970

Monahan Beaches Jewelry Center Inc

619 Atlantic Blvd, Atlantic Beach, FL 32233

(904) 246-1933

Value Pawn & Jewelry

1099 Atlantic Blvd, Atlantic Beach, FL 32233

(904) 247-7772

McGills

545 Atlantic Blvd, Atlantic Beach, FL 32233

(904) 270-0005

First Street Gallery

216 1st St, Neptune Beach, FL 32266

(904) 241-6928

Renees Jewelry & Craft

115 1st St, Neptune Beach, FL 32266

(904) 247-9499

Gregory's Jewelers Inc

940 3rd St N Jaxbch, Jacksonville Beach, FL 32250

(904) 685-7933

Beaches Jewelry & Pawn

679 3rd St S, Jacksonville Beach, FL 32250

(904) 241-1889

River City Jewelry & Pawn - CLOSED

1795 1st St S, Jacksonville Beach, FL 32250

(904) 765-4694

Gildenston James

Fernandina Beach, 32034, Fernandina Beach, FL 32034

(904) 277-3809

I B C Inc

474388 E State Road 200, Fernandina Beach, FL 32034

(904) 432-8308

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.