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 Cape Elizabeth 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

364 Maine Mall Rd Ste N129, South Portland, ME 04106

(207) 772-9229

Pullen Norman W Inc

50 Maine Mall Rd, South Portland, ME 04106

(207) 772-2211

Maine Gold & Silver

50 Maine Mall Rd, South Portland, ME 04106

(207) 772-2211

L & L Jewelers

798 Main St, South Portland, ME 04106

(207) 761-3874

Kay Jewelers

364 Maine Mall Rd, South Portland, ME 04106

(207) 775-1861

Designs By Lucinda

87 Ocean St, South Portland, ME 04106

(207) 799-8000

Jared - Galleria of Jewelry

7 Philbrook Ave, South Portland, ME 04106

(207) 773-5080

Hannoush Jewelers

375 Maine Mall Rd, South Portland, ME 04106

(207) 879-0365

On Time

202 Maine Mall, South Portland, ME 04106

(207) 772-3253

Jimi's Trading Ctr

650 Main St, South Portland, ME 04106

(207) 879-2211

G.M. Pollack & Sons

364 Maine Mall Rd, South Portland, ME 04106

(207) 773-2901

Day's Jewelers

415 Philbrook Ave Ste 120, South Portland, ME 04106

(207) 780-6052

Laws 6 Inc

364 Maine Mall Rd, South Portland, ME 04106

(207) 879-8700

Brighton

364 Maine Mall, South Portland, ME 04106

(207) 761-8311

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.