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 Boyes 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.

Kenny's Fixet Shop

251 Soda Creek Rd, Baker, MT 59313

(406) 775-6705

West River Studio

611 N Main St, Spearfish, SD 57783

(605) 559-2787

Rms Jewelers

508 N Main St, Spearfish, SD 57783

(605) 642-7387

Spearfish Coins & Antiques

414 N. Maim St., Spearfish, SD 57783

(605) 717-8375

Spearfish Coins Etc

127 W Grant St, Spearfish, SD 57783

(605) 717-8375

John Stockhill Jewelers

705 Main St, Miles City, MT 59301

(406) 234-4064

Girl Ran Away With The Spoon

112 N 7th St, Miles City, MT 59301

(406) 234-1525

First National Pawn

2913 Main St, Miles City, MT 59301

(406) 852-5535

Jewelry By Monte

3012 Stower St, Miles City, MT 59301

(406) 234-7648

Dakota Coin & Precious Metals

620 Main St, Deadwood, SD 57732

(605) 484-5618

Gold Diggers DBA Berg Jewelers

650 Main St, Deadwood, SD 57732

(605) 722-0011

Shankar

29 Deadwood St, Deadwood, SD 57732

(605) 578-3808

Black Hills Gold By Coleman

644 Main St, Deadwood, SD 57732

(605) 578-1983

Shedd Jewelers

21 Deadwood St, Deadwood, SD 57732

(605) 578-2494

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.