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 Cherry Tree 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.

Cash Out Gold Buyers

1661 Wilmore Rd, Ebensburg, PA 15931

(814) 419-0432

Golden Jewelers & Investments

Route 22, Ebensburg, PA 15931

(814) 472-7430

Decker Diamond Jewelers

212 Jamesway Rd, Ebensburg, PA 15931

(814) 472-6179

Cash Out Gold Buyers

1661 Wilmore Rd, Ebensburg, PA 15931

(814) 419-0432

Beatty Paul Jewelers

120 W Mahoning St, Punxsutawney, PA 15767

(814) 938-7590

David R Setree

485 Harmony Rd, Punxsutawney, PA 15767,, Punxsutawney, PA 15767

(814) 938-7372

David R Satree

STATE Route 310, Punxsutawney, PA 15767

(814) 938-7372

Kay Jewelers

2334 Oakland Ave Unit 255, Indiana, PA 15701

(724) 349-8322

Treasure Hunt

3100 Oakland Ave Ste 13, Indiana, PA 15701

(724) 465-9991

Jewelry Shoppe

662 Stutzman Rd, Indiana, PA 15701

(724) 465-7055

Sandys Fashion Jewelry

1326 Spring Rd, Reynoldsville, PA 15851

(814) 427-2710

Integrity Diamonds

413 S Logan Blvd, Altoona, PA 16602

(814) 201-2181

Gordon's Jewelers

5580 Goods Ln Ste 1113, Altoona, PA 16601

(814) 946-9185

Gordon's Jewelers

LOGAN Valley Mall, Altoona, PA 16601

(814) 946-9185

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.