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 Chevy Chase 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.

King Pawn Inc

6824 New Hampshire Ave # B, Takoma Park, MD 20912

(301) 270-5700

S&A Beads

6929 Laurel Ave, Takoma Park, MD 20912

(301) 891-2323

Gold Design

7657 New Hampshire Ave, Takoma Park, MD 20912

(301) 434-2623

Krystal Jewelers

6503 New Hampshire Ave, Takoma Park, MD 20912

(301) 270-0507

Silver Spring Jewelry

11205 New Hampshire Ave, Silver Spring, MD 20904

(301) 439-4260

Atlantic Gems Inc

8609 2nd Ave Ste 103B, Silver Spring, MD 20910

(301) 565-8094

Gold Castle Jewelers

3834 International Dr, Silver Spring, MD 20906

(301) 598-3898

Elena Design Studio

1107 Spring St, Silver Spring, MD 20910

(301) 589-1107

Kandi Luv

1705 Mount Pisgah Ln Apt 22, Silver Spring, MD 20903

(301) 328-5890

Kripps Jewelers

10109 Colesville Rd, Silver Spring, MD 20901

(301) 681-4980

Kiss Gold & Diamond International, Inc.

8701 Georgia Ave, Suite 701, Silver Spring, MD 20910

(301) 358-1949

Bonanza Coins

940 Wayne Ave, Silver Spring, MD 20910

(301) 585-1480

Maryland Coin Exchange

8620 Georgia Ave, Silver Spring, MD 20910

(301) 589-2278

SKY GOLD PAWN

2412 University Blvd. W., Wheaton, MD 20902

(301) 962-7777

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.