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 Beech Grove 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.

Cashland

3625 S Emerson Ave, Beech Grove, IN 46107

(317) 472-7300

Beech Grove Jewelers

701 Main St, Beech Grove, IN 46107

(317) 787-1745

Universal Gold & Silver

4320 E 10th St, Indianapolis, IN 46201

(317) 351-1900

Michaels Jewelery

6251 Winthrop Ave, Indianapolis, IN 46220

(317) 253-9505

Dock Brothers

2464 N Meridian St, Indianapolis, IN 46208

(317) 662-3409

Indiana Gold Trust

2437 E 65th St, Indianapolis, IN 46220

(317) 253-4653

Indy Gold & Silver Buyers

3269 W 86th St Ste L, Indianapolis, IN 46268

(317) 228-2000

Antiques On The Corner

8444 E Washington St, Indianapolis, IN 46219

(317) 869-1190

SOLID GOLD

10800 Pendleton Pike, Indianapolis, IN 46236

(317) 823-0064

Gold Cobbler The

6020 E 82nd St, Indianapolis, IN 46250

(317) 598-9290

Jewelry Lady

7427 N Shadeland Ave, Indianapolis, IN 46250

(317) 863-9794

Westside Loan Co

3428 W 10th St, Indianapolis, IN 46222

(317) 662-3948

Hoosier Gold Buyer

5038 Kentucky Ave, Indianapolis, IN 46221

(317) 830-8025

Gold Buyers of America

8702 Keystone Xing, Indianapolis, IN 46240

(317) 573-5577

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.