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 Chimney Rock 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.

Chimney Rock Gemstone Mine

397 Main St, Chimney Rock, NC 28720

(828) 625-5524

Groovy Jewelry

3882 Gerton Hwy, Gerton, NC 28735

(828) 275-8580

Byrd Designs

140 Lee Dotson Rd, Fairview, NC 28730

(828) 628-0151

Beads and Beyond

246 Miller Rd, Fairview, NC 28730

(828) 222-2189

Treasures & Trivia

112 Cherry St, Black Mountain, NC 28711

(828) 669-5190

Grace Jewelers

106 Broadway St, Black Mountain, NC 28711

(828) 669-7600

Visions Of Creation

100 Cherry St, Black Mountain, NC 28711

(828) 669-0065

John Beirle Jewelers

118 Cherry St, Black Mountain, NC 28711

(828) 669-0444

Black Mountain Coins

215 E State St, Black Mountain, NC 28711

(828) 669-0200

Kelly Mclellan Jewelry

23 Chaucer Rd, Black Mountain, NC 28711

(828) 768-9003

G's Coins Shop

4020 Hendersonville Rd Ste F, Fletcher, NC 28732

(828) 684-6902

Daily Dollar Pawn

28 Heritage Park Dr, Fletcher, NC 28732

(828) 676-6026

Crystal Visions

5426 Asheville Hwy, Naples, NC 28760

(828) 687-1193

Custom Jewelry Design

117 Sharons Way, East Flat Rock, NC 28726

(828) 702-3827

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.