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 Coal Valley 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.

Precious Collections

189 US Highway 6, Coal Valley, IL 61240

(309) 235-9076

Gold Key Auto Credit En Espnl

104 1st Ave, Silvis, IL 61282

(309) 755-9511

Helzberg

4500 16th St, Moline, IL 61265

(309) 797-5569

Stiles Jewelry Design

1465 41st St # 3, Moline, IL 61265

(309) 762-3300

Kay Jewelers

4500 16th St Space 473, Moline, IL 61265

(309) 764-3131

Fred Meyer Jewelers

4500 16th St Ste 226, Moline, IL 61265

(309) 762-4200

River View Coins

1531 47th Ave Ste 4, Moline, IL 61265

(309) 797-1631

A Buyer On The Avenue

2301 29th St, Moline, IL 61265

(309) 736-7367

EZ Pawn

1620 Avenue Of The Cities, Moline, IL 61265

(309) 762-2469

Ace Coins

3319 Avenue Of The Cities, Moline, IL 61265

(309) 797-5066

Rock Island Diamond Co

3929 14th Ave, Rock Island, IL 61201

(309) 623-4628

Rock Island Diamond Co

3929 14th Ave, Rock Island, IL 61201

(309) 623-4628

Rock Island Diamond Co

3929 14th Ave, Rock Island, IL 61201

(309) 623-4628

Rock Island Diamond Co

3929 14th Ave, Rock Island, IL 61201

(309) 623-4628

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.