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 Beacon Falls 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.

St. Anthony's Book & Gift Shop

142 Main Street, Derby, CT 06418

(203) 888-3390

A1 Gold Coin & Collectible

115 New Haven Ave, Derby, CT 06418

(203) 735-8884

Barese Donald Fine Art & Antiques

3651 Whitney Ave, Hamden, CT 06518

(203) 248-2700

Joseph A Conte Jewelers

2582 Whitney Ave, Hamden, CT 06518

(203) 684-2847

Rumanoff Fine Jewelry & Design

4133 Whitney Ave, Hamden, CT 06518

(203) 230-1199

Rumanoff Fine Jewelry & Design

4133 Whitney Ave, Hamden, CT 06518

(203) 230-1199

Joseph A Conte Jewelers

2582 Whitney Ave, Hamden, CT 06518

(203) 684-2847

Gallery 4 Antiques and Gifts

2985 Whitney Ave, Hamden, CT 06518

(203) 281-6043

Charles M Baltayan Jewelers

2323 Whitney Ave, Hamden, CT 06518

(203) 288-4710

Good Ole Tom's

2300 Dixwell Ave, Hamden, CT 06514

(203) 230-9039

Ladonna Jewelers

2383 Whitney Ave, Hamden, CT 06518

(203) 287-9633

Jewels By Jilly

3565 Whitney Ave, Hamden, CT 06518

(203) 248-0800

Avenue

2165 Dixwell Ave Ste 6, Hamden, CT 06514

(203) 230-3229

Scirocco Antoinetta

555 W Shepard Ave, Hamden, CT 06514

(203) 248-2195

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.