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 Black Diamond 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.

Moneyman Pawn & Jewelry

31507 3rd ave, Black Diamond, WA 98010

(360) 886-1431

CrystalDreams.info

PO Box 64, Black Diamond, WA 98010

(253) 486-7201

Rainier Jewelry

23319 SE 219th St, Maple Valley, WA 98038

(425) 432-0213

Spirit Strings

23510 SE 253rd Pl, Maple Valley, WA 98038

(425) 432-8295

Fred Meyer Jewelers

26520 Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038

(425) 433-2315

Just Between Friends Jewelry

26619 292nd Ave SE, Ravensdale, WA 98051

(206) 391-7909

Stagg's

317 W Meeker St, Kent, WA 98032

(253) 854-6340

A C Coins

804 W Meeker St, Kent, WA 98032

(253) 852-0347

Cash America Pawn

23201 Pacific Hwy S Building D, Kent, WA 98032

(206) 824-7296

A Step Above Painting LLC

10225 SE 224th St, Kent, WA 98031

(206) 420-9100

Cash America Pawn

23201 Pacific Hwy S Building "D", Kent, WA 98032

(206) 653-1078

Compucheap

524 W Meeker St Ste 7, Kent, WA 98032

(253) 852-8210

Anthony's Jewelry & Goldsmith

17039 SE 272nd St # 114, Covington, WA 98042

(253) 631-3777

Kent Jewelry & Loan

624 W Meeker St, Kent, WA 98032

(253) 458-1284

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.