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 Bath 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.

Harrs Jewelry

110 Brush St, Saint Johns, MI 48879

(989) 224-1036

Grand Ledge Jewelers

820 Charlevoix Dr Ste 260, Grand Ledge, MI 48837

(517) 622-8484

Dr Coins and Currency

4324 W Saginaw Hwy, Lansing, MI 48917

(517) 721-7497

Kelly's Coins Collectibles & Furniture

2702 S Cedar St Suite A, Lansing, MI 48910

(517) 481-4360

Liberty Coin Service

400 Frandor Ave, Lansing, MI 48912

(800) 933-4720

Su Casa Jewelers

1041 N Cedar St, Lansing, MI 48906

(517) 487-9090

Dicker And Deal Lansing

2408 S Cedar St, Lansing, MI 48910

(517) 487-3886

Instant Cash Advance

6100 S Cedar St Ste 3, Lansing, MI 48911

(517) 272-1188

38 Instant Cash

4238 W Saginaw Hwy, Lansing, MI 48917

(517) 803-4568

Gold Pros

5330 W Saginaw Hwy, Lansing, MI 48917

(517) 327-2804

Tri County Gold And Silver

5025 W Saginaw Hwy, Lansing, MI 48917

(517) 708-8075

Solid Gold and Silver Jewelry

3490 Okemos Rd., Okemos, MI 48864

(517) 977-0241

Premier Coins & Collectibles

7050 W Saginaw Hwy Ste 4, Lansing, MI 48917

(517) 886-2646

Cashland

2521 S Cedar St, Lansing, MI 48910

(517) 482-2063

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.