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 Camp Lake 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.

Myndys Jewelry

26924 115th St, Trevor, WI 53179

(262) 298-7064

Soroka Services

26924 115th St, Trevor, WI 53179

(262) 298-7064

Coins

8607 Antioch Rd Ste 8, Salem, WI 53168

(262) 586-4498

Johnson Jewelers

381 Lake St, Antioch, IL 60002

(877) 824-0532

Persin & Persin Jewelers

913 Main St, Antioch, IL 60002

(847) 395-8855

American Coins II

434 Lake St, Antioch, IL 60002

(847) 838-9003

Trader Brothers

120 S Lake Ave, Twin Lakes, WI 53181

(262) 448-1550

Todds Pawn Shop

300 N Milwaukee Ave # G, Lake Villa, IL 60046

(847) 356-3600

Ide Fine Jewelry

348 N Pine St, Burlington, WI 53105

(262) 763-8685

Keep-M-Tickin

516 N Pine St, Burlington, WI 53105

(262) 767-0506

Trader Jon's

1514 N Cedar Lake Rd, Round Lake Beach, IL 60073

(847) 740-5000

EZ Pawn

315 W Rollins Rd, Round Lake Beach, IL 60073

(847) 740-0648

Alexander's Jewelry & Loan

312 W Rollins Rd, Round Lake Beach, IL 60073

(866) 934-8459

Lake Jewelry And Loan

910 E. Rollins Rd, Round Lake, IL 60073

(224) 338-8444

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.