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 Canones 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.

Gold Buyers of America

564 N Guadalupe St, Santa Fe, NM 87501

(505) 982-2225

Gold Buyers Of New Mexico

3570 Cerrillos Rd, Santa Fe, NM 87507

(505) 471-0667

Gold Buyers of America

4250 Cerrillos Rd, Santa Fe, NM 87507

(505) 474-3970

Premier Precious Metals

855 A Cerrillos Rd, Santa Fe, NM 87501

(505) 819-0405

WILDHORSE OF SANTA FE

214 Old Santa Fe Trail, Santa Fe, NM 87501

(505) 988-7133

Things Finer

100 E San Francisco St, Santa Fe, NM 87501

(505) 310-6228

Premier Precious Metals

855 Cerrillos Rd Ste A, Santa Fe, NM 87505

(505) 989-7680

Deborah Gold Gallery

616 Canyon Rd Ste A, Santa Fe, NM 87501

(505) 989-7424

The Golden Eye

115 Don Gaspar Ave, Santa Fe, NM 87501

(505) 310-6118

Santa Fe Goldworks David Griego Designs

60 E San Francisco St Suite 218, Santa Fe, NM 87501

(888) 993-3797

Earthfire Gems Gallery

121 Galisteo St Ste 125, Santa Fe, NM 87501

(877) 963-0414

Shaya Jewelers

1214 Bishops Lodge Rd, Santa Fe, NM 87501

(505) 983-3781

Fairchild & Co

110 W San Francisco St Ste C, Santa Fe, NM 87501

(505) 984-1419

Shaya Fine Jewelers

PO Box 432, Santa Fe, NM 87504

(505) 983-3781

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.