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 Buffalo 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.

Magnabilites - Tracey Delaney

PO Box 95, Grass Range, MT 59032

(406) 366-3738

Umstead Jewelry & Gifts

636 Main St # B, Roundup, MT 59072

(406) 323-2329

Sharples Jewelry

230 Indiana St, Chinook, MT 59523

(406) 357-2610

Heirloom Jewelers

211 3rd Ave, Havre, MT 59501

(406) 265-2522

J M Donoven Designs In Fine Jewelry

106 3rd Ave, Havre, MT 59501

(406) 265-1516

Great Falls Gold & Silver

1601 2nd Ave N, Great Falls, MT 59401

(406) 216-5545

Great Falls Gold & Silver

722 9th Street South, Great Falls, MT 59405

(406) 216-5545

Sutherland's Jewelry

18 4th St N, Great Falls, MT 59401

(406) 761-1440

Yogo Sapphire Jewelry Co

1219 Central Ave, Great Falls, MT 59401

(406) 727-5256

Heidi Carter Jeweler

410 Central Ave Suite 501, Great Falls, MT 59401

(406) 727-2936

Kay Jewelers

1200 10th Ave S, Great Falls, MT 59405

(406) 454-2900

Arcanum

PO Box 715, Great Falls, MT 59403

(406) 453-8403

Warehouse Pawn

1908 10th Ave S, Great Falls, MT 59405

(406) 205-2312

Montana Crafts by Linda, Jewelry by Linda

4301 8th Ave N, Great Falls, MT 59405

(406) 952-0941

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.