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 Baldwin Park 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.

Silver Line Sheet Metal

1409 Virginia Ave, Baldwin Park, CA 91706

(626) 337-8477

Cash for Gold West Covina

120 N Grand Ave Suite B, West Covina, CA 91791

(626) 967-7933

Coin Exchange of West Covina

326 N Azusa Ave, West Covina, CA 91791

(626) 332-5455

New Cal Gold

827 S Glendora Ave, West Covina, CA 91790

(626) 851-0226

Gold Buyers At The Mall

112 Plaza Dr, West Covina, CA 91790

(626) 337-8916

Sunset Jewelry & Loan

1226 W Francisquito Ave, West Covina, CA 91790

(626) 919-1000

Alamo Jewelry & Loan

544 N Azusa Ave, West Covina, CA 91791

(626) 967-5367

Goldrush

112 Plaza Dr, West Covina, CA 91790

(626) 337-4666

Aces Jewelry

1071 E Amar Rd, West Covina, CA 91792

(626) 968-5900

Covina Coin & Jewelry

204 S Citrus Ave, Covina, CA 91723

(626) 915-0033

Metals Recovery Co Inc

1578 W San Bernardino Rd, Covina, CA 91722

(818) 388-6065

Speedy Cash

11000 Lower Azusa Rd, El Monte, CA 91731

(626) 618-6923

Valley Jewelry & Loan Company

11841 Valley Blvd, El Monte, CA 91732

(626) 444-7296

Gold Buyers of California

3545 Lexington Ave, El Monte, CA 91731

(626) 575-1621

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.