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 Cochrane 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.

Jacqueline Renee

1407 Altoona Ave, Eau Claire, WI 54701

(715) 839-7470

Marlor Jewelry

806 S Hastings Way, Eau Claire, WI 54701

(715) 831-6303

Helzberg

OAKWOOD Mall, Eau Claire, WI 54703

(715) 833-2322

Kay Jewelers

OAKWOOD Mall, Eau Claire, WI 54703

(715) 833-0522

Zales

4800 Golf Rd, Eau Claire, WI 54701

(715) 835-5004

Kay Jewelers

4800 Golf Rd Unit 133, Eau Claire, WI 54701

(715) 833-0522

CJ Banks

4800 Golf Rd Ste 716, Eau Claire, WI 54701

(715) 831-6277

Jostens Scholastic

405 S Farwell St Ste 30, Eau Claire, WI 54701

(715) 832-0762

Piercing Pagoda

4800 Golf Rd, Eau Claire, WI 54701

(715) 831-6209

Silver & Stone Inc

3006 London Rd, Eau Claire, WI 54701

(715) 839-8197

DSW Designer Shoe Warehouse

4076 Commonwealth Ave, Eau Claire, WI 54701

(715) 318-4478

Eclectica On Grand

106 W Grand Ave, Eau Claire, WI 54703

(715) 834-7811

Baker Jewlers

1504 S Hastings Way, Eau Claire, WI 54701

(715) 832-8249

Silver & Stone Inc

4800 Golf Rd, Eau Claire, WI 54701

(715) 839-8197

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.